# EDGAR Filing Document

**Accession Number:** 0000757010
**File Stem:** 0002071691-26-008650
**Filing Date:** 2026-4
**Character Count:** 53822
**Document Hash:** 45faebb076e3742e0d8b8635007472f5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-008650.hdr.sgml**: 20260423

**ACCESSION NUMBER**: 0002071691-26-008650

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260423

**DATE AS OF CHANGE**: 20260423

**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:** 26887738

**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 LOUISIANA TAX-FREE INCOME FUND (Series ID: S000006916)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018765 | CLASS A1      | FKLAX           |
| C000018766 | CLASS C       | FLAIX           |
| C000173668 | Advisor Class | FLTZX           |
| C000194357 | Class R6      | FLAQX           |
| C000205895 | Class A       | FQLAX           |

## 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 Louisiana Tax-Free Income Fund

- **b. EDGAR series identifier (if any):** S000006916

- **c. LEI of Series:** 549300B01PP1PIPE6I55

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

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

- **b. Date as of which information is reported:** 2026-02-28

**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:** $218778311.96

**Total Liabilities:** $760250.37

**Net Assets:** $218018061.59

**Cash Not Reported:** $1833883.94

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** -371.13000000 | **5-Year:** -2730.95000000 | **10-Year:** -57260.98000000 | **30-Year:** -64287.29000000

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

- **3-Month:** -1.04000000 | **1-Year:** -48.77000000 | **5-Year:** -795.31000000 | **10-Year:** -11129.40000000 | **30-Year:** -14253.55000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018765 | 0.08%                | 0.56%                | 1.34%                |
| Class ID C000018766 | 0.03%                | 0.51%                | 1.27%                |
| Class ID C000173668 | 0.19%                | 0.57%                | 1.25%                |
| Class ID C000194357 | 0.10%                | 0.67%                | 1.25%                |
| Class ID C000205895 | 0.17%                | 0.55%                | 1.23%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-151346.46              | $-236400.19                                |
| Month 2  | $0.00                    | $670158.53                                 |
| Month 3  | $0.00                    | $2220730.69                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Caddo Parish Parishwide School District                                               | Caddo Parish Parishwide School District, Series 2021                                                   | CUSIP: 127269NA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $503614.79    | 0.23%             | 2036-03-01      | Fixed         | 3.00%                 | 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        |    500000 | PA      | $355199.75    | 0.16%             | 2057-01-01      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                               | Capital Trust Authority, Series 2024                                                                   | CUSIP: 14054XAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $1970197.48   | 0.90%             | 2029-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas Housing Finance Corp.                                                  | City of Dallas, Series 2022 A                                                                          | CUSIP: 23529CAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $431299.98    | 0.20%             | 2062-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| East Baton Rouge Sewerage Commission                                                  | East Baton Rouge Sewerage Commission, Series 2019 A                                                    | CUSIP: 270618FQ9<br>LEI: 5493006BC84VNIRSCG97 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3003365.70   | 1.38%             | 2045-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Greater New Orleans Expressway Commission                                             | Greater New Orleans Expressway Commission, Series 2025                                                 | CUSIP: 39225PBS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1109968.23   | 0.51%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Ouachita Water Co.                                                            | Greater Ouachita Water Co., Series 2024                                                                | CUSIP: 392276BC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $960120.70    | 0.44%             | 2053-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Jefferson Sales Tax District                                                          | Jefferson Sales Tax District, Series 2017 B                                                            | CUSIP: 474176KM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2300686.20   | 1.06%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jefferson Parish Consolidated Waterworks District No. 2                               | Jefferson Parish Consolidated Waterworks District No. 2, Series 2022                                   | CUSIP: 474502EU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5134154.50   | 2.35%             | 2040-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Juban Crossing Economic Development District                                          | Juban Crossing Economic Development District, Series 2024 C                                            | CUSIP: 48125RCK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1510867.65   | 0.69%             | 2054-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lafayette LA Sales & Use Tax Revenue                                          | City of Lafayette, Series 2019 A                                                                       | CUSIP: 506485KF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2457777.82   | 1.13%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lafayette Parish School Board Sale Tax                                                | Lafayette Parish School Board, Series 2023                                                             | CUSIP: 506624UR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2312051.00   | 1.06%             | 2053-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lafayette Parish School Board Sale Tax Revenue                                        | Lafayette Parish School Board, Series 2025                                                             | CUSIP: 506624VK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1651574.70   | 0.76%             | 2055-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Lafayette Parish School Board Sale Tax Revenue                                        | Lafayette Parish School Board, Series 2025 A                                                           | CUSIP: 506624WC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1574093.25   | 0.72%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Livingston Parish School District No. 1                                               | Livingston Parish School District No. 1, Series 2021                                                   | CUSIP: 538803WX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1078447.44   | 0.49%             | 2038-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth      | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2024 A-1 | CUSIP: 546276DM5<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1285942.13   | 0.59%             | 2031-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth      | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2024 A-2 | CUSIP: 546276DN3<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $4368412.75   | 2.00%             | 2044-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Housing Corp.                                                               | Louisiana Housing Corp., Series 2021 B                                                                 | CUSIP: 54627DGM7<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |    615000 | PA      | $530729.87    | 0.24%             | 2036-06-01      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Louisiana Housing Corp.                                                               | Louisiana Housing Corp., Series 2021 B                                                                 | CUSIP: 54627DGN5<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |   1965000 | PA      | $1544771.78   | 0.71%             | 2041-06-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Louisiana Housing Corp.                                                               | Louisiana Housing Corp., Series 2024 A                                                                 | CUSIP: 54627DPZ8<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |    990000 | PA      | $997635.87    | 0.46%             | 2044-12-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth      | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2017     | CUSIP: 5462826J8<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019698.80   | 0.47%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth      | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2024     | CUSIP: 54628C2G6<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    500000 | PA      | $557328.95    | 0.26%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth      | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2017 A   | CUSIP: 54628CAT9<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   5230000 | PA      | $5341461.24   | 2.45%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth      | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2022     | CUSIP: 54628CC83<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1063521.46   | 0.49%             | 2030-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth      | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2022     | CUSIP: 54628CC91<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1115459.91   | 0.51%             | 2031-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth      | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2022     | CUSIP: 54628CD25<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1143894.18   | 0.52%             | 2032-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth      | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2022     | CUSIP: 54628CD33<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1192186.96   | 0.55%             | 2033-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth      | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2018     | CUSIP: 54628CEQ1<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3527012.65   | 1.62%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth      | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2022     | CUSIP: 54628CF80<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1732708.56   | 0.79%             | 2047-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth      | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2019     | CUSIP: 54628CHU9<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025650.40   | 0.47%             | 2034-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth      | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2023 A   | CUSIP: 54628CK84<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    600000 | PA      | $646211.34    | 0.30%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Authority | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2020     | CUSIP: 54628CRM6<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2268032.38   | 1.04%             | 2045-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth      | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2021     | CUSIP: 54628CUF7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1673798.94   | 0.77%             | 2046-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth      | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2021 A   | CUSIP: 54628CUG5<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1429838.85   | 0.66%             | 2030-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth      | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2021 B   | CUSIP: 54628CUH3<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2691503.40   | 1.23%             | 2036-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth      | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2021     | CUSIP: 54628CVE9<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    735000 | PA      | $680409.71    | 0.31%             | 2045-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth      | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2024     | CUSIP: 54628CX31<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   2505000 | PA      | $2825082.64   | 1.30%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth      | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2021     | CUSIP: 54628CZX3<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    910000 | PA      | $857220.64    | 0.39%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority, Series 2015 A                                                   | CUSIP: 546395R48<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   4965000 | PA      | $4970142.75   | 2.28%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority, Series 2015 A-1                                                 | CUSIP: 546395S62<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   7800000 | PA      | $7947945.72   | 3.65%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority, Series 2020 A                                                   | CUSIP: 546395V43<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4340027.00   | 1.99%             | 2050-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority, Series 2016 A                                                   | CUSIP: 5463986N3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3038334.90   | 1.39%             | 2041-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority, Series 2017                                                     | CUSIP: 5463986X1<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $1556250.00   | 0.71%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority, Series 2017                                                     | CUSIP: 546399CN4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   5695000 | PA      | $5766206.86   | 2.64%             | 2042-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority, Series 2017                                                     | CUSIP: 546399CP9<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2012327.20   | 0.92%             | 2046-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority, Series 2016                                                     | CUSIP: 546399DB9<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30169.98     | 0.01%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority, Series 2016                                                     | CUSIP: 546399DE3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20113.32     | 0.01%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority, Series 2019 A                                                   | CUSIP: 546399GC4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5089259.50   | 2.33%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority, Series 2020 A-1                                                 | CUSIP: 546399KA3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1538766.00   | 0.71%             | 2050-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority, Series 2021                                                     | CUSIP: 546399LG9<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   2020000 | PA      | $1997614.16   | 0.92%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority, Series 2021                                                     | CUSIP: 546399LJ3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   3460000 | PA      | $3366706.64   | 1.54%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority, Series 2021                                                     | CUSIP: 546399LL8<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2702688.92   | 1.24%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority, Series 2017 A                                                   | CUSIP: 546399NZ5<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |     60000 | PA      | $61785.73     | 0.03%             | 2050-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority, Series 2023 A                                                   | CUSIP: 546399RM0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    500000 | PA      | $526406.90    | 0.24%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority, Series 2024 A                                                   | CUSIP: 546399SU1<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1140066.30   | 0.52%             | 2038-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority, Series 2024                                                     | CUSIP: 546399SZ0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5207674.50   | 2.39%             | 2064-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority, Series 2025 A                                                   | CUSIP: 546399UN4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3144552.90   | 1.44%             | 2055-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority, Series 2017                                                     | CUSIP: 54639TCJ9<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   2310000 | PA      | $2312213.21   | 1.06%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority, Series 2025                                                     | CUSIP: 54639TDT6<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2362850.78   | 1.08%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Louisiana Stadium & Exposition District                                               | Louisiana Stadium & Exposition District, Series 2023 A                                                 | CUSIP: 546410CY5<br>LEI: 5493000QEHWDGVGH7J62 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1830385.73   | 0.84%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                                    | State of Louisiana, Series 2016 A                                                                      | CUSIP: 5464154B3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2575000 | PA      | $2603903.60   | 1.19%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Correctional Facilities Corp.                                               | Louisiana Correctional Facilities Corp., Series 2021                                                   | CUSIP: 546458DL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1490000 | PA      | $1510568.85   | 0.69%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana Gasoline & Fuels Tax Revenue                                       | State of Louisiana, Series 2023 A-2                                                                    | CUSIP: 546475VW1<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |    300000 | PA      | $300000.00    | 0.14%             | 2043-05-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| State of Louisiana Gasoline & Fuels Tax Revenue                                       | State of Louisiana, Series 2024 A                                                                      | CUSIP: 546475WR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6012421.80   | 2.76%             | 2044-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana Gasoline & Fuels Tax Revenue                                       | State of Louisiana, Series 2025 B                                                                      | CUSIP: 546475XK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1795239.60   | 0.82%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Offshore Terminal Authority                                                 | Louisiana Offshore Terminal Authority, Series 2007 A                                                   | CUSIP: 546510FS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1528395.90   | 0.70%             | 2027-09-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Louisiana State University & Agricultural & Mechanical College                        | Louisiana State University & Agricultural & Mechanical College, Series 2016 A                          | CUSIP: 546540QC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4541030.55   | 2.08%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Natchitoches LA Utilities Revenue                                             | City of Natchitoches, Series 2023                                                                      | CUSIP: 631855QH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $810078.83    | 0.37%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Natchitoches Parish School District No. 9                                             | Natchitoches Parish School District No. 9, Series 2018                                                 | CUSIP: 632064HT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1525075.78   | 0.70%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New Orleans LA                                                                | City of New Orleans, Series 2021 A                                                                     | CUSIP: 64763FZB8<br>LEI: 54930084B6KHR5PR2651 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6412939.80   | 2.94%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Orleans Aviation Board                                                            | New Orleans Aviation Board, Series 2017 A                                                              | CUSIP: 64763HGN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5024866.00   | 2.30%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Orleans Aviation Board                                                            | New Orleans Aviation Board, Series 2024 B                                                              | CUSIP: 64763HMS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2651720.75   | 1.22%             | 2045-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Orleans Aviation Board                                                            | New Orleans Aviation Board, Series 2024 C-1                                                            | CUSIP: 64763HMT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030975.60   | 0.47%             | 2054-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New Orleans LA Sewerage Service Revenue                                       | City of New Orleans, Series 2020 B                                                                     | CUSIP: 647719PV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1162076.50   | 0.53%             | 2050-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| East Ouachita Parish School District                                                  | East Ouachita Parish School District, Series 2025                                                      | CUSIP: 689861SL7<br>LEI: 549300BMHC0SO61IJP44 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1627876.05   | 0.75%             | 2045-03-01      | Fixed         | 5.25%                 | 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        |   1250000 | PA      | $963153.75    | 0.44%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port New Orleans Board of Commissioners                                               | Port New Orleans Board of Commissioners, Series 2020 D                                                 | CUSIP: 734782DB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2042139.00   | 0.94%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port New Orleans Board of Commissioners                                               | Port New Orleans Board of Commissioners, Series 2025 A                                                 | CUSIP: 734782ED3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3118854.00   | 1.43%             | 2055-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2022 A                                                                | CUSIP: 74441XHM4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504854.75    | 0.23%             | 2052-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2025 A-1                                                              | CUSIP: 74441XJD2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    855000 | PA      | $914124.28    | 0.42%             | 2036-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2025 A-2                                                              | CUSIP: 74441XJE0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2290000 | PA      | $1151648.10   | 0.53%             | 2045-12-01      | None          | 0.00%                 | 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        |    800000 | PA      | $671934.96    | 0.31%             | 2044-12-28      | 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        |    500000 | PA      | $513142.45    | 0.24%             | 2032-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                               | Puerto Rico Sales Tax Financing Corp., Series A-1                                                      | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   3500000 | PA      | $3412929.80   | 1.57%             | 2053-07-01      | Fixed         | 4.75%                 | 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        |   1196000 | PA      | $1173908.09   | 0.54%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rapides Parish School District No. 11 Rigolette                                       | Rapides Parish School District No. 11 Rigolette, Series 2023                                           | CUSIP: 753533FX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020487.00   | 0.47%             | 2041-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rapides Parish Consolidated School District No. 62                                    | Rapides Parish Consolidated School District No. 62, Series 2022                                        | CUSIP: 753608GB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1172511.45   | 0.54%             | 2042-03-01      | Fixed         | 5.00%                 | 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        |    185000 | PA      | $197955.44    | 0.09%             | 2036-12-01      | Fixed         | 5.38%                 | 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        |    505000 | PA      | $253122.16    | 0.12%             | 2045-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| St. John the Baptist                                                                  | St. John the Baptist, Series 2023                                                                      | CUSIP: 790229SX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3610329.69   | 1.66%             | 2043-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| St. Tammany Parish Hospital Service District No. 1,                                   | St. Tammany Parish Hospital Service District No. 1, Series 2018 A                                      | CUSIP: 793556CM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3027303.90   | 1.39%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shreveport LA                                                                 | City of Shreveport, Series 2024                                                                        | CUSIP: 8254346N8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4950000 | PA      | $5092754.04   | 2.34%             | 2054-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shreveport LA Water & Sewer Revenue                                           | City of Shreveport, Series 2016 B                                                                      | CUSIP: 825485VF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3850000 | PA      | $3881178.07   | 1.78%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shreveport LA Water & Sewer Revenue                                           | City of Shreveport, Series 2020 B                                                                      | CUSIP: 825485XS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5070000 | PA      | $3670669.86   | 1.68%             | 2050-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Shreveport LA Water & Sewer Revenue                                           | City of Shreveport, Series 2025                                                                        | CUSIP: 825485YJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1130019.50   | 0.52%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tangipahoa Parish Hospital Service District No. 1                                     | Tangipahoa Parish Hospital Service District No. 1, Series 2021                                         | CUSIP: 875518EV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2324369.70   | 1.07%             | 2035-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tangipahoa Parish Hospital Service District No. 1                                     | Tangipahoa Parish Hospital Service District No. 1, Series 2021                                         | CUSIP: 875518EY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2034991.20   | 0.93%             | 2038-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Terrebonne Parish Hospital Service District No. 1                                     | Terrebonne Parish Hospital Service District No. 1, Series 2026                                         | CUSIP: 881221FX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $809397.30    | 0.37%             | 2051-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Parish of Terrebonne LA                                                               | Parish of Terrebonne, Series 2020 A                                                                    | CUSIP: 881250FF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2660000 | PA      | $2696801.37   | 1.24%             | 2041-03-01      | Fixed         | 4.00%                 | 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        |    700000 | PA      | $624132.74    | 0.29%             | 2037-01-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| West Feliciana Parish Parishwide Consolidated School District No. 1                   | West Feliciana Parish Parishwide Consolidated School District No. 1, Series 2020                       | CUSIP: 952785GH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2707357.80   | 1.24%             | 2050-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-30

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

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer