# EDGAR Filing Document

**Accession Number:** 0000757010
**File Stem:** 0002071691-25-003381
**Filing Date:** 2025-10
**Character Count:** 51073
**Document Hash:** ee54dc04ec7dea1af358dae646f3dcb8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-003381.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0002071691-25-003381

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251027

**DATE AS OF CHANGE**: 20251027

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRANKLIN TAX FREE TRUST
- **CENTRAL INDEX KEY:** 0000757010

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04149
- **FILM NUMBER:** 251418375

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-312-2000

**MAIL ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906

## Series and Classes Contracts Data

### FRANKLIN GEORGIA TAX-FREE INCOME FUND (Series ID: S000006912)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018755 | CLASS A1      | FTGAX           |
| C000018756 | CLASS C       | FGAIX           |
| C000173666 | Advisor Class | FGFZX           |
| C000194354 | Class R6      | FGFQX           |
| C000205893 | Class A       | FGAQX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Franklin Tax Free Trust

- **b. Investment Company Act file number:** 811-04149

- **c. CIK number of Registrant:** 0000757010

- **d. LEI of Registrant:** 549300C12HCE48FV1C70

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** One Franklin Parkway

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94403-1906

  - **Telephone number:** 650-312-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** Franklin Georgia Tax-Free Income Fund

- **b. EDGAR series identifier (if any):** S000006912

- **c. LEI of Series:** 54930086ME0CMZ6PHE73

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-08-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $271170297.99

**Total Liabilities:** $2389423.57

**Net Assets:** $268780874.42

**Delayed Delivery Securities:** $1432901.00

**Cash Not Reported:** $150836.32

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -9.68000000 | **1-Year:** -1622.90000000 | **5-Year:** -1550.27000000 | **10-Year:** -66470.99000000 | **30-Year:** -108528.89000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -75.60000000 | **1-Year:** -9.57000000 | **5-Year:** -201.44000000 | **10-Year:** -10814.66000000 | **30-Year:** -8790.77000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000173666 | 0.85%                | -0.79%               | 0.78%                |
| Class ID C000205893 | 0.73%                | -0.72%               | 0.76%                |
| Class ID C000018756 | 0.78%                | -0.74%               | 0.61%                |
| Class ID C000018755 | 0.84%                | -0.70%               | 0.67%                |
| Class ID C000194354 | 0.85%                | -0.79%               | 0.78%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-743066.86              | $2328888.01                                |
| Month 2  | $-118084.90              | $-2663121.98                               |
| Month 3  | $-571347.46              | $1719347.85                                |

### Schedule of Portfolio Investments

| Name                                                                | Title                                                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| DeKalb County Development Authority                                 | DeKalb County Development Authority, Series 2024 A                               | CUSIP: 240463KB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $330278.66    | 0.12%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                 | Georgia Housing & Finance Authority, Series 2018 A                               | CUSIP: 37353PBK4<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1094955.62   | 0.41%             | 2038-12-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Coweta County Water & Sewage Authority                              | Coweta County Water & Sewage Authority, Series 2021 B                            | CUSIP: 223663LT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $729091.20    | 0.27%             | 2046-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                           | City of Atlanta, Series 2021 C                                                   | CUSIP: 04780MZW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1553087.25   | 0.58%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pecan Public Facility Corp.                                         | Pecan Public Facility Corp., Series 2022 A-2                                     | CUSIP: 705125AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1075037.25   | 0.40%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Airport Passenger Facility Charge                | City of Atlanta, Series 2023 E                                                   | CUSIP: 04780TEY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3073675.80   | 1.14%             | 2043-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Henry County School District                                        | Henry County School District, Series 2016                                        | CUSIP: 426362MF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5073738.50   | 1.89%             | 2033-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                       | Main Street Natural Gas, Inc., Series 2023 E-1                                   | CUSIP: 56035DGB2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2142074.60   | 0.80%             | 2053-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                             | Municipal Electric Authority of Georgia, Series 2023 A                           | CUSIP: 62620HHQ8<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2033598.20   | 0.76%             | 2064-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Valdosta                                                    | City of Valdosta, Series 2024                                                    | CUSIP: 919099FH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2558992.50   | 0.95%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Moultrie-Colquitt Counties Development Authority                    | Moultrie-Colquitt Counties Development Authority, Series 2018                    | CUSIP: 620272BL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4815000 | PA      | $4843384.91   | 1.80%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bleckley County School District                                     | Bleckley County School District, Series 2020                                     | CUSIP: 093502BZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2055000 | PA      | $2105825.49   | 0.78%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbia County Hospital Authority/GA                               | Columbia County Hospital Authority, Series 2023 A                                | CUSIP: 197479AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3015035.10   | 1.12%             | 2048-04-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Athens Housing Authority                                            | Athens Housing Authority, Series 2024                                            | CUSIP: 047093JD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1780409.60   | 0.66%             | 2049-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Etowah Water & Sewer Authority                                      | Etowah Water & Sewer Authority, Series 2019                                      | CUSIP: 297860DD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $905428.38    | 0.34%             | 2044-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                       | Main Street Natural Gas, Inc., Series 2019 A                                     | CUSIP: 56035DBT8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029678.70   | 0.38%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                 | Georgia Housing & Finance Authority, Series 2019 A                               | CUSIP: 37353PDD8<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   4405000 | PA      | $3679927.31   | 1.37%             | 2049-06-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                 | Georgia Housing & Finance Authority, Series 2018 A                               | CUSIP: 37353PBL2<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1062184.95   | 0.40%             | 2043-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                      | New Jersey Transportation Trust Fund Authority, Series 2018 A                    | CUSIP: 6461364G3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1246059.12   | 0.46%             | 2035-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brookhaven Development Authority                                    | Brookhaven Development Authority, Series 2019 A                                  | CUSIP: 113073AY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2582525.10   | 0.96%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Cobb County (The)                          | Development Authority of Cobb County (The), Series 2020 C                        | CUSIP: 19078VCF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1701349.20   | 0.63%             | 2052-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                          | Capital Trust Agency, Inc., Series 2021 A-1                                      | CUSIP: 14052TDY7<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    750000 | PA      | $476924.18    | 0.18%             | 2057-01-01      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| Development Authority of Rockdale County                            | Development Authority of Rockdale County, Series 2025 A-1                        | CUSIP: 77300QAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8155000 | PA      | $3570178.27   | 1.33%             | 2045-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Haven at Elgin LLC                                                  | Haven at Elgin LLC                                                               | CUSIP: 41935HAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    900000 | PA      | $902693.14    | 0.34%             | 2053-12-31      | Fixed         | 5.25%                 | No            |                  3 | On Loan: No      |
| Municipal Electric Authority of Georgia                             | Municipal Electric Authority of Georgia, Series 2019 A                           | CUSIP: 626207Z31<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4549071.50   | 1.69%             | 2044-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                             | Municipal Electric Authority of Georgia, Series 2021 A                           | CUSIP: 6262077H1<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    425000 | PA      | $354853.75    | 0.13%             | 2051-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Upper Oconee Basin Water Authority                                  | Upper Oconee Basin Water Authority, Series 2024                                  | CUSIP: 916281DJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016356.50   | 0.38%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clayton County Development Authority                                | Clayton County Development Authority, Series 2022 A                              | CUSIP: 184150HC7<br>LEI: 549300MRIVF01QB6RF86 | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1356980.39   | 0.50%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                       | Main Street Natural Gas, Inc., Series 2023 D                                     | CUSIP: 56035DFT4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2127198.40   | 0.79%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                           | City of Atlanta, Series 2024 B                                                   | CUSIP: 04780MX95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7063759.50   | 2.63%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Dalton GA                                                   | City of Dalton, Series 2018                                                      | CUSIP: 235541DR7<br>LEI: 549300F2NIJXYBEBL710 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3011694.60   | 1.12%             | 2048-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                           | Private Colleges & Universities Authority, Series 2013 A                         | CUSIP: 74265LA57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000128.00   | 1.86%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sinclair Water Authority                                            | Sinclair Water Authority, Series 2019                                            | CUSIP: 829277AS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005430.60   | 0.75%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority        | South Carolina State Housing Finance & Development Authority, Series 2021 A      | CUSIP: 83712EHN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $398277.00    | 0.15%             | 2039-12-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority (The)                                 | Atlanta Development Authority (The), Series 2005 A                               | CUSIP: 04780NDQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2555000 | PA      | $2569002.17   | 0.96%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Savannah Hospital Authority                                         | Savannah Hospital Authority, Series 2019 A                                       | CUSIP: 804833FD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8788668.00   | 3.27%             | 2043-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                             | Development Authority for Fulton County, Series 2016 A                           | CUSIP: 3599008K6<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   5840000 | PA      | $5840374.93   | 2.17%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlanta & Fulton County Recreation Authority                        | Atlanta & Fulton County Recreation Authority, Series 2024                        | CUSIP: 047681SC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $342602.22    | 0.13%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                             | Municipal Electric Authority of Georgia, Series 2021 A                           | CUSIP: 6262077G3<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    330000 | PA      | $287944.64    | 0.11%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Hospital Authority                        | Gainesville & Hall County Hospital Authority, Series 2021 A                      | CUSIP: 362762QR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4056193.50   | 1.51%             | 2051-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Airport Customer Facility Charge                 | City of Atlanta, Series 2025 B                                                   | CUSIP: 047773BA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3131024.40   | 1.16%             | 2050-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                         | Washington State Housing Finance Commission, Series 2021 A                       | CUSIP: 939783H58<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    900000 | PA      | $746406.27    | 0.28%             | 2037-01-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| County of Columbia GA Water & Sewerage Revenue                      | County of Columbia, Series 2024                                                  | CUSIP: 197493TV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $621203.57    | 0.23%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County (The)                         | Development Authority of Burke County (The), Series 2017 D                       | CUSIP: 121342PM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5193628.80   | 1.93%             | 2045-11-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Fulton County Residential Care Facilities for the Elderly Authority | Fulton County Residential Care Facilities for the Elderly Authority, Series 2016 | CUSIP: 360059AP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5821558.20   | 2.17%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Athens Housing Authority                                            | Athens Housing Authority, Series 2024                                            | CUSIP: 047093JF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3065934.20   | 1.14%             | 2056-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Roswell Development Authority                                       | Roswell Development Authority, Series 2025 A                                     | CUSIP: 77853AAA1<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   5400000 | PA      | $5400000.00   | 2.01%             | 2047-04-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Hospital Authority                        | Gainesville & Hall County Hospital Authority, Series 2017 A                      | CUSIP: 362762LU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7014698.60   | 2.61%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Carroll City-County Hospital Authority                              | Carroll City-County Hospital Authority, Series 2020                              | CUSIP: 144709LD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1267555.35   | 0.47%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                 | Georgia Housing & Finance Authority, Series 2013 A                               | CUSIP: 373539K79<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   1655000 | PA      | $1582483.53   | 0.59%             | 2037-12-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Augusta GA Water & Sewer Revenue                                    | Augusta, Series 2024                                                             | CUSIP: 051249LB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1288228.20   | 0.48%             | 2050-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                       | Main Street Natural Gas, Inc., Series 2007 A                                     | CUSIP: 56036YDJ1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5230786.50   | 1.95%             | 2027-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                       | Main Street Natural Gas, Inc., Series 2022 C                                     | CUSIP: 56035DDP4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5996313.60   | 2.23%             | 2052-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Glynn-Brunswick Memorial Hospital Authority                         | Glynn-Brunswick Memorial Hospital Authority, Series 2017                         | CUSIP: 380037GS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4826843.00   | 1.80%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                             | Development Authority for Fulton County, Series 2018                             | CUSIP: 36005FBG9<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1850493.00   | 0.69%             | 2043-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                | Puerto Rico Electric Power Authority, Series VV                                  | CUSIP: 74526Q2Q4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    560000 | PA      | $559657.67    | 0.21%             | 2032-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                       | Main Street Natural Gas, Inc., Series 2007 A                                     | CUSIP: 56036YDG7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2502029.00   | 0.93%             | 2025-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                             | Development Authority for Fulton County, Series 2019 A                           | CUSIP: 36005FGE9<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4199826.50   | 1.56%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                          | Capital Trust Agency, Inc., Series 2021 A-1                                      | CUSIP: 14052TDU5<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   2592000 | PA      | $2222330.26   | 0.83%             | 2036-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                             | Municipal Electric Authority of Georgia, Series 2020 A                           | CUSIP: 6262075F7<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3459452.50   | 1.29%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                           | Private Colleges & Universities Authority, Series 2021                           | CUSIP: 74265LX37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5400000 | PA      | $4455132.30   | 1.66%             | 2050-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Rockdale County                            | Development Authority of Rockdale County, Series 2025 A-1                        | CUSIP: 77300QAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2085000 | PA      | $2095616.61   | 0.78%             | 2036-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue             | Puerto Rico Sales Tax Financing Corp., Series A-2                                | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    480000 | PA      | $424044.43    | 0.16%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                            | Public Finance Authority, Series 2022, Class B-1                                 | CUSIP: 74442PVW2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    900000 | PA      | $690009.75    | 0.26%             | 2044-12-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                             | Municipal Electric Authority of Georgia, Series 2024 A                           | CUSIP: 62620HJY9<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    500000 | PA      | $508394.90    | 0.19%             | 2049-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Athens Housing Authority                                            | Athens Housing Authority, Series 2017                                            | CUSIP: 047093FF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3334786.70   | 1.24%             | 2040-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                              | California Municipal Finance Authority, Series 2022 A-1                          | CUSIP: 130483EV8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1089535.46   | 0.41%             | 2037-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Bainbridge Public Facilities Authority                              | Bainbridge Public Facilities Authority, Series 2018                              | CUSIP: 056869BQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2775739.50   | 1.03%             | 2043-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                | Puerto Rico Electric Power Authority, Escrow Account                             | CUSIP: N/A<br>LEI: 5493003BRB67HF8ST418       | Long             | EC               | CORP              | PR        |    115316 | NS      | $28829.06     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Main Street Natural Gas, Inc.                                       | Main Street Natural Gas, Inc., Series 2024 E                                     | CUSIP: 56035DJJ2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2141285.80   | 0.80%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Baldwin GA Water & Sewerage Revenue                         | City of Baldwin, Series 2021                                                     | CUSIP: 058083CL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1835000 | PA      | $1384872.85   | 0.52%             | 2046-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Carroll City-County Hospital Authority                              | Carroll City-County Hospital Authority, Series 2025                              | CUSIP: 144709MA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5056588.00   | 1.88%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                             | Development Authority for Fulton County, Series 2020 A                           | CUSIP: 36005GAZ6<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2469760.50   | 0.92%             | 2050-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Coweta County Water & Sewage Authority                              | Coweta County Water & Sewage Authority, Series 2021 B                            | CUSIP: 223663LU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $631029.77    | 0.23%             | 2043-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Floyd County Hospital Authority                                     | Floyd County Hospital Authority, Series 2016                                     | CUSIP: 343575JN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3032546.70   | 1.13%             | 2043-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                             | Development Authority for Fulton County, Series 2024                             | CUSIP: 36005FKX2<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1774101.18   | 0.66%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                   | State of Illinois, Series 2024 C                                                 | CUSIP: 452153LY3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2721107.40   | 1.01%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dalton Whitfield County Joint Development Authority                 | Dalton Whitfield County Joint Development Authority, Series 2024 B               | CUSIP: 235641BA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3075000 | PA      | $3344539.43   | 1.24%             | 2037-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                             | Development Authority for Fulton County, Series 2024                             | CUSIP: 36005FKY0<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2015421.80   | 0.75%             | 2056-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Buford GA                                                   | City of Buford, Series 2017 C                                                    | CUSIP: 120000DM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5098547.00   | 1.90%             | 2043-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                           | Private Colleges & Universities Authority, Series 2025 A                         | CUSIP: 74265L3N6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2098424.20   | 0.78%             | 2045-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Development Authority of Cobb County (The)                          | Development Authority of Cobb County (The), Series 2020                          | CUSIP: 19078VDB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5720000 | PA      | $4865858.71   | 1.81%             | 2052-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                       | Main Street Natural Gas, Inc., Series 2023 A                                     | CUSIP: 56035DEN8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5294810.50   | 1.97%             | 2053-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue             | Puerto Rico Sales Tax Financing Corp., Series A-1                                | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   2000000 | PA      | $1834516.40   | 0.68%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                       | Main Street Natural Gas, Inc., Series 2025 A                                     | CUSIP: 56035DJZ6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2505000 | PA      | $2677015.34   | 1.00%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                           | Private Colleges & Universities Authority, Series 2022                           | CUSIP: 74265L2K3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5565679.90   | 2.07%             | 2051-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Clayton County Development Authority                                | Clayton County Development Authority, Series 2022 A                              | CUSIP: 184150HB9<br>LEI: 549300MRIVF01QB6RF86 | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1448256.78   | 0.54%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coweta County Water & Sewage Authority                              | Coweta County Water & Sewage Authority, Series 2024                              | CUSIP: 223663MP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2023955.40   | 0.75%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb-Marietta Coliseum & Exhibit Hall Authority                     | Cobb-Marietta Coliseum & Exhibit Hall Authority, Series 2025                     | CUSIP: 190760JP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048279.90   | 0.39%             | 2050-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                       | City of Atlanta, Series 2001 A                                                   | CUSIP: 047870HJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3145000 | PA      | $3257397.58   | 1.21%             | 2027-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                       | Main Street Natural Gas, Inc., Series 2019 A                                     | CUSIP: 56035DBS0<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1975000 | PA      | $2060750.16   | 0.77%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                               | Metropolitan Transportation Authority, Series 2020 A-1                           | CUSIP: 59261AE45<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    100000 | PA      | $80912.65     | 0.03%             | 2053-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                             | Municipal Electric Authority of Georgia, Series 2021 A                           | CUSIP: 6262077J7<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    750000 | PA      | $718365.60    | 0.27%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia Ports Authority                                             | Georgia Ports Authority, Series 2022                                             | CUSIP: 373586HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2057875.00   | 0.77%             | 2052-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                             | Capital Trust Authority, Series 2024                                             | CUSIP: 14054XAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2950000 | PA      | $2461739.60   | 0.92%             | 2029-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Cartersville                                                | City of Cartersville, Series 2018                                                | CUSIP: 146501QW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4004254.00   | 1.49%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia Ports Authority                                             | Georgia Ports Authority, Series 2021                                             | CUSIP: 373586GU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $986367.01    | 0.37%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DeKalb County Development Authority                                 | DeKalb County Development Authority, Series 2024 A                               | CUSIP: 240463KC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $503777.45    | 0.19%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                             | Municipal Electric Authority of Georgia, Series 2024 A                           | CUSIP: 62620HJZ6<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    500000 | PA      | $508755.85    | 0.19%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Fulton GA Water & Sewerage Revenue                        | County of Fulton, Series 2020 A                                                  | CUSIP: 360066PS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3662761.00   | 1.36%             | 2045-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of DeKalb GA Water & Sewerage Revenue                        | County of DeKalb, Series 2006 B                                                  | CUSIP: 240523UL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4037309.20   | 1.50%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dalton Whitfield County Joint Development Authority                 | Dalton Whitfield County Joint Development Authority, Series 2017                 | CUSIP: 235641AL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2763160.80   | 1.03%             | 2041-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                            | Public Finance Authority, Series 2024 A-2                                        | CUSIP: 74441XHX0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $1347423.03   | 0.50%             | 2044-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Upper Oconee Basin Water Authority                                  | Upper Oconee Basin Water Authority, Series 2024                                  | CUSIP: 916281DH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3064236.60   | 1.14%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** Franklin Tax Free Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer