# EDGAR Filing Document

**Accession Number:** 0000757010
**File Stem:** 0001752724-25-178346
**Filing Date:** 2025-7
**Character Count:** 55760
**Document Hash:** f2fa1d83bd517cd41e801a88be635fe1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-178346.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001752724-25-178346

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**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:** 251150182

**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:** 2025-05-31

**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:** $230477556.19

**Total Liabilities:** $1395395.78

**Net Assets:** $229082160.41

**Delayed Delivery Securities:** $539705.00

**Cash Not Reported:** $2151331.33

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** -231.09000000 | **5-Year:** -2463.21000000 | **10-Year:** -65453.01000000 | **30-Year:** -76817.43000000

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

- **3-Month:** -0.59000000 | **1-Year:** -18.37000000 | **5-Year:** -665.11000000 | **10-Year:** -10052.25000000 | **30-Year:** -14211.92000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000194357 | -1.70%               | -1.12%               | -0.62%               |
| Class ID C000173668 | -1.71%               | -1.12%               | -0.52%               |
| Class ID C000018765 | -1.71%               | -1.13%               | -0.63%               |
| Class ID C000018766 | -1.83%               | -1.16%               | -0.67%               |
| Class ID C000205895 | -1.73%               | -1.14%               | -0.54%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-4785776.55                               |
| Month 2  | $-701129.73              | $-2683449.92                               |
| Month 3  | $-473639.78              | $-1527803.12                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| South Carolina Jobs-Economic Development Authority                                    | South Carolina Jobs-Economic Development Authority, Series 2021 A-1                                    | CUSIP: 837031C84<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    700000 | PA      | $586074.16    | 0.26%             | 2036-12-01      | Fixed         | 3.65%                 | 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        |   5500000 | PA      | $5357819.50   | 2.34%             | 2048-07-01      | 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        |   6000000 | PA      | $6005326.80   | 2.62%             | 2050-04-01      | 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 2018     | CUSIP: 54628CEQ1<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3494441.65   | 1.53%             | 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: 54628CC91<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1076693.27   | 0.47%             | 2031-05-01      | Fixed         | 4.00%                 | 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        |   1250000 | PA      | $916273.38    | 0.40%             | 2052-12-01      | Fixed         | 5.00%                 | 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      | $2525063.81   | 1.10%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New Orleans LA                                                                | City of New Orleans, Series 2024 A                                                                     | CUSIP: 64763FJ59<br>LEI: 54930084B6KHR5PR2651 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2515411.25   | 1.10%             | 2053-12-01      | 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      | $1073592.65   | 0.47%             | 2050-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Lafayette LA Sales & Use Tax Revenue                                          | City of Lafayette Sales & Use Tax, Series 2024 A                                                       | CUSIP: 506485NQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1548681.15   | 0.68%             | 2049-03-01      | 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      | $907819.10    | 0.40%             | 2053-09-01      | Fixed         | 4.50%                 | 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      | $405637.11    | 0.18%             | 2062-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth      | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2021     | CUSIP: 54628CYL0<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $971323.37    | 0.42%             | 2039-10-01      | Fixed         | 4.00%                 | 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      | $993700.05    | 0.43%             | 2038-05-01      | Fixed         | 4.00%                 | 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      | $3981939.00   | 1.74%             | 2050-06-01      | 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     | CUSIP: 54628C2G6<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    500000 | PA      | $524490.80    | 0.23%             | 2039-12-01      | Fixed         | 5.00%                 | 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      | $1005355.20   | 0.44%             | 2054-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Caddo Parish Parishwide School District                                               | Caddo Parish Parishwide School District, Series 2021                                                   | CUSIP: 127269NA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $455368.10    | 0.20%             | 2036-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority, Series 2015 A                                                   | CUSIP: 546395Q23<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35052.17     | 0.02%             | 2035-07-01      | 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      | $2399690.28   | 1.05%             | 2044-05-01      | Fixed         | 5.00%                 | 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      | $326134.35    | 0.14%             | 2057-01-01      | Fixed         | 3.68%                 | 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      | $1072232.90   | 0.47%             | 2038-04-15      | 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 B   | CUSIP: 54628CUH3<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2434717.20   | 1.06%             | 2036-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Port New Orleans Board of Commissioners                                               | Port New Orleans Board of Commissioners, Series 2018 A                                                 | CUSIP: 734782CT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2756373.68   | 1.20%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Rockdale County                                              | Development Authority of Rockdale County, Series 2021 A-1                                              | CUSIP: 77300QAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $992966.99    | 0.43%             | 2036-12-01      | Fixed         | 3.50%                 | 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      | $3056677.80   | 1.33%             | 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      | $491543.35    | 0.21%             | 2052-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                    | South Carolina Jobs-Economic Development Authority, Series 2021 A-1                                    | CUSIP: 837031D26<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    600000 | PA      | $502349.28    | 0.22%             | 2036-12-01      | Fixed         | 3.65%                 | 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      | $953262.29    | 0.42%             | 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 2022     | CUSIP: 54628CC83<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1034046.52   | 0.45%             | 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: 54628CF80<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1763842.96   | 0.77%             | 2047-11-01      | Fixed         | 4.50%                 | 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      | $1387376.70   | 0.61%             | 2039-10-01      | Fixed         | 4.00%                 | 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      | $5161086.50   | 2.25%             | 2064-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Parish of Terrebonne                                                                  | Parish of Terrebonne, Series 2020 A                                                                    | CUSIP: 881250FF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2660000 | PA      | $2465845.00   | 1.08%             | 2041-03-01      | Fixed         | 4.00%                 | 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      | $1509381.45   | 0.66%             | 2027-09-01      | Fixed         | 4.15%                 | 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      | $2685193.17   | 1.17%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority, Series 2016 A                                                   | CUSIP: 54639TBS0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6302075.00   | 2.75%             | 2046-07-01      | Fixed         | 5.00%                 | 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      | $2619934.78   | 1.14%             | 2035-09-01      | 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      | $4972260.00   | 2.17%             | 2048-01-01      | Fixed         | 5.00%                 | 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      | $2279973.00   | 1.00%             | 2052-07-01      | Fixed         | 5.00%                 | 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      | $577540.46    | 0.25%             | 2037-01-01      | Fixed         | 3.65%                 | 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      | $1005085.90   | 0.44%             | 2039-10-01      | 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      | $4910703.44   | 2.14%             | 2054-03-01      | 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 2023 A   | CUSIP: 54628CK84<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    600000 | PA      | $610035.54    | 0.27%             | 2043-10-01      | Fixed         | 5.00%                 | 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      | $1443647.55   | 0.63%             | 2054-09-15      | Fixed         | 5.00%                 | 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      | $1897435.69   | 0.83%             | 2037-10-01      | Fixed         | 4.00%                 | 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      | $1710431.20   | 0.75%             | 2050-01-01      | Fixed         | 5.50%                 | 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        |    900000 | PA      | $758297.52    | 0.33%             | 2045-11-01      | Fixed         | 3.88%                 | 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      | $2537028.00   | 1.11%             | 2045-01-01      | Fixed         | 5.25%                 | 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      | $1144230.43   | 0.50%             | 2033-05-01      | Fixed         | 4.00%                 | 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      | $30533.72     | 0.01%             | 2034-05-15      | 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      | $5180365.21   | 2.26%             | 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 2024 A-2 | CUSIP: 546276DN3<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $3792841.00   | 1.66%             | 2044-12-01      | None          | 0.00%                 | 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      | $1347124.22   | 0.59%             | 2041-06-01      | Fixed         | 2.20%                 | 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      | $1002737.10   | 0.44%             | 2034-08-01      | 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: 875518EV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2183636.48   | 0.95%             | 2035-02-01      | 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      | $1354799.25   | 0.59%             | 2030-06-01      | Fixed         | 2.00%                 | 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      | $3015296.70   | 1.32%             | 2055-05-15      | Fixed         | 5.25%                 | 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      | $3004723.20   | 1.31%             | 2041-12-15      | Fixed         | 5.00%                 | 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        |   2100000 | PA      | $2100000.00   | 0.92%             | 2043-05-01      | Variable      | 3.00%                 | 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      | $5695142.94   | 2.49%             | 2042-05-15      | 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      | $4903696.00   | 2.14%             | 2048-07-01      | Fixed         | 5.00%                 | 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      | $493837.10    | 0.22%             | 2032-07-01      | Fixed         | 5.25%                 | 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      | $3187500.00   | 1.39%             | 2037-07-01      | 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      | $6174241.80   | 2.70%             | 2039-12-01      | 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      | $3402547.98   | 1.49%             | 2050-12-01      | Fixed         | 3.00%                 | 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      | $622870.00    | 0.27%             | 2044-12-28      | Fixed         | 4.00%                 | 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        |   4000000 | PA      | $4044918.40   | 1.77%             | 2041-12-01      | 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      | $791638.65    | 0.35%             | 2053-06-01      | Fixed         | 5.50%                 | 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      | $4693676.00   | 2.05%             | 2040-02-01      | 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      | $4967521.72   | 2.17%             | 2035-07-01      | Fixed         | 5.00%                 | 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      | $1783313.88   | 0.78%             | 2053-07-01      | Fixed         | 5.25%                 | 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      | $1493106.91   | 0.65%             | 2038-03-01      | Fixed         | 5.00%                 | 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        |     43434 | NS      | $34747.27     | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| St John the Baptist Parish School District No. 1                                      | St. John the Baptist, Series 2023                                                                      | CUSIP: 790229SX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3313578.18   | 1.45%             | 2043-03-01      | Fixed         | 5.25%                 | 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      | $1947338.80   | 0.85%             | 2046-05-15      | Fixed         | 5.00%                 | 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      | $507533.05    | 0.22%             | 2038-10-01      | 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      | $7717555.56   | 3.37%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Community School System                                                       | Central Community School System, Series 2020                                                           | CUSIP: 153135FD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1121778.49   | 0.49%             | 2040-03-01      | Fixed         | 4.00%                 | 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      | $2149829.50   | 0.94%             | 2053-04-01      | Fixed         | 4.00%                 | 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      | $473821.40    | 0.21%             | 2036-06-01      | Fixed         | 2.05%                 | 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        |   2610000 | PA      | $2199062.81   | 0.96%             | 2045-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Jefferson Parish Consolidated Sewerage District No. 1                                 | Jefferson Parish Consolidated Sewerage District No. 1, Series 2022                                     | CUSIP: 474481AR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $953735.50    | 0.42%             | 2038-02-01      | Fixed         | 4.00%                 | 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      | $2265029.78   | 0.99%             | 2042-12-01      | 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 2021     | CUSIP: 54628CZX3<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1110000 | PA      | $952665.16    | 0.42%             | 2045-11-01      | Fixed         | 4.00%                 | 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        |   1196000 | PA      | $1123708.50   | 0.49%             | 2058-07-01      | Fixed         | 5.00%                 | 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      | $2504980.80   | 1.09%             | 2050-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Correctional Facilities Corp.                                               | Louisiana Correctional Facilities Corp., Series 2021                                                   | CUSIP: 546458DJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $853449.28    | 0.37%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Parish of East Baton Rouge Capital Improvements District                              | Parish of East Baton Rouge Capital Improvements District, Series 2019                                  | CUSIP: 270773AX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502885.85    | 0.22%             | 2048-08-01      | 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 A-1 | CUSIP: 546276DM5<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1232650.00   | 0.54%             | 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 2021     | CUSIP: 54628CUF7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1536363.54   | 0.67%             | 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 2022     | CUSIP: 54628CD25<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1096932.32   | 0.48%             | 2032-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority, Series 2024                                                     | CUSIP: 546399TW6<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    800000 | PA      | $826669.60    | 0.36%             | 2044-08-01      | Fixed         | 5.00%                 | 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      | $1893204.29   | 0.83%             | 2029-03-01      | None          | 0.00%                 | 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      | $3152842.65   | 1.38%             | 2039-10-01      | 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      | $61513.60     | 0.03%             | 2050-12-15      | Fixed         | 4.00%                 | 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      | $4598708.40   | 2.01%             | 2040-07-01      | 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      | $20355.81     | 0.01%             | 2047-05-15      | Fixed         | 5.00%                 | 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      | $5440938.00   | 2.38%             | 2044-05-01      | Fixed         | 4.00%                 | 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        |   5000000 | PA      | $4570845.50   | 2.00%             | 2045-02-01      | 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      | $1869399.80   | 0.82%             | 2038-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                               | Puerto Rico Sales Tax Financing Corp., Series A-1                                                      | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   3500000 | PA      | $3205282.15   | 1.40%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Terrebonne Levee & Conservation District                                              | Terrebonne Levee & Conservation District, Series 2020 B                                                | CUSIP: 881182BV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $918622.30    | 0.40%             | 2041-06-01      | 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      | $1124231.02   | 0.49%             | 2042-03-01      | 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      | $914327.40    | 0.40%             | 2041-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

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

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer