# EDGAR Filing Document

**Accession Number:** 0000757010
**File Stem:** 0002071691-26-008606
**Filing Date:** 2026-4
**Character Count:** 51976
**Document Hash:** d28137cfcc1622994a20cc3d803c11d9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-008606.hdr.sgml**: 20260423

**ACCESSION NUMBER**: 0002071691-26-008606

**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:** 26887684

**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 ALABAMA TAX-FREE INCOME FUND (Series ID: S000006911)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018753 | CLASS A1      | FRALX           |
| C000018754 | CLASS C       | FALEX           |
| C000173665 | Advisor Class | FALZX           |
| C000194353 | Class R6      | FALRX           |
| C000205892 | Class A       | FALQX           |

## 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 Alabama Tax-Free Income Fund

- **b. EDGAR series identifier (if any):** S000006911

- **c. LEI of Series:** 54930054I1F62XK86784

**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:** $171486714.68

**Total Liabilities:** $570906.23

**Net Assets:** $170915808.45

**Cash Not Reported:** $4287840.13

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** -1104.36000000 | **10-Year:** -39597.40000000 | **30-Year:** -63227.48000000

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

- **3-Month:** 0.00000000 | **1-Year:** -30.15000000 | **5-Year:** -460.76000000 | **10-Year:** -7818.26000000 | **30-Year:** -5926.22000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018753 | -0.02%               | 0.36%                | 1.62%                |
| Class ID C000018754 | -0.07%               | 0.31%                | 1.55%                |
| Class ID C000173665 | -0.02%               | 0.37%                | 1.62%                |
| Class ID C000194353 | -0.01%               | 0.27%                | 1.63%                |
| Class ID C000205892 | -0.14%               | 0.34%                | 1.60%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-412207.74              | $-113445.67                                |
| Month 2  | $-5392.68                | $152083.55                                 |
| Month 3  | $0.00                    | $2217965.53                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alabama Community College System                                              | Alabama Community College System, Series 2019                                                | CUSIP: 01025PEA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1806424.40   | 1.06%             | 2049-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alabama Community College System                                              | Alabama Community College System, Series 2024                                                | CUSIP: 01025PQS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038493.60   | 0.61%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                                 | Alabama Federal Aid Highway Finance Authority, Series 2025 A                                 | CUSIP: 010268DT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $820611.68    | 0.48%             | 2045-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Housing Finance Authority                                             | Alabama Housing Finance Authority, Series 2024 A                                             | CUSIP: 01030RJC7<br>LEI: 549300VFN7EHPOFS7D76 | Long             | DBT              | MUN               | US        |    970000 | PA      | $967413.69    | 0.57%             | 2054-10-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Alabama Housing Finance Authority                                             | Alabama Housing Finance Authority, Series 2024 D                                             | CUSIP: 01030RMP4<br>LEI: 549300VFN7EHPOFS7D76 | Long             | DBT              | MUN               | US        |    990000 | PA      | $977970.91    | 0.57%             | 2054-10-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Alabama Housing Finance Authority                                             | Alabama Housing Finance Authority, Series 2025 B                                             | CUSIP: 01030RPV8<br>LEI: 549300VFN7EHPOFS7D76 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035147.10   | 0.61%             | 2045-10-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Alabama Highway Authority                                                     | Alabama Highway Authority, Series 2025                                                       | CUSIP: 010559AV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $549256.50    | 0.32%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama State University                                                      | Alabama State University, Series 2022                                                        | CUSIP: 010632PU5<br>LEI: 549300JCR3DWTI08FS98 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1650191.70   | 0.97%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama State University                                                      | Alabama State University, Series 2022                                                        | CUSIP: 010632PY7<br>LEI: 549300JCR3DWTI08FS98 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1612103.10   | 0.94%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama State University                                                      | Alabama State University, Series 2025                                                        | CUSIP: 010632QP5<br>LEI: 549300JCR3DWTI08FS98 | Long             | DBT              | MUN               | US        |    500000 | PA      | $548142.85    | 0.32%             | 2050-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Alabaster Board of Education                                                  | Alabaster Board of Education, Series 2022                                                    | CUSIP: 010663DB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1567977.90   | 0.92%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabaster Board of Education                                                  | Alabaster Board of Education, Series 2022                                                    | CUSIP: 010663DC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1543599.90   | 0.90%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Albertville AL                                                        | City of Albertville, Series 2025 A                                                           | CUSIP: 013122E28<br>LEI: 549300QCCXK3SO22OD97 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1087021.80   | 0.64%             | 2051-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Alexander City Board of Education                                             | Alexander City Board of Education, Series 2022                                               | CUSIP: 014519CW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2820158.70   | 1.65%             | 2052-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Auburn University                                                             | Auburn University, Series 2025 A                                                             | CUSIP: 050589SM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2670000 | PA      | $2794956.80   | 1.64%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bessemer Governmental Utility Services Corp.                                  | Bessemer Governmental Utility Services Corp., Series 2017                                    | CUSIP: 086377DT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3078896.40   | 1.80%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bessemer AL Water Revenue                                             | City of Bessemer, Series 2017                                                                | CUSIP: 086419EQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2590000 | PA      | $2602679.09   | 1.52%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Birmingham Airport Authority                                                  | Birmingham Airport Authority, Series 2020                                                    | CUSIP: 090888GX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $412046.12    | 0.24%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Birmingham Airport Authority                                                  | Birmingham Airport Authority, Series 2020                                                    | CUSIP: 090888GZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $720757.53    | 0.42%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alabama Special Care Facilities Financing Authority-Birmingham AL             | Alabama Special Care Facilities Financing Authority-Birmingham, Series 2025 A                | CUSIP: 090929GZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065841.30   | 0.62%             | 2050-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Water Works Board of the City of Birmingham (The)                             | Water Works Board of the City of Birmingham (The), Series 2016 B                             | CUSIP: 091096LS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2047475.00   | 1.20%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Birmingham-Jefferson Civic Center Authority                                   | Birmingham-Jefferson Civic Center Authority, Series 2018 A                                   | CUSIP: 091156MJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1690109.94   | 0.99%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                | Black Belt Energy Gas District, Series 2023 B-2                                              | CUSIP: 09182NCT5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3286317.30   | 1.92%             | 2053-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                | Black Belt Energy Gas District, Series 2022 A                                                | CUSIP: 09182TAW7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027309.10   | 0.60%             | 2052-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                | Black Belt Energy Gas District, Series 2024 A                                                | CUSIP: 09182TDL8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2171524.40   | 1.27%             | 2055-05-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                | Black Belt Energy Gas District, Series 2025 D                                                | CUSIP: 09182TFT9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1111105.60   | 0.65%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                | Black Belt Energy Gas District, Series 2025 C                                                | CUSIP: 09182TGL5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1312978.08   | 0.77%             | 2056-11-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                        | California Municipal Finance Authority, Series 2022 A-1                                      | CUSIP: 130483EV8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    700000 | PA      | $589839.88    | 0.35%             | 2037-12-01      | Fixed         | 4.25%                 | 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    | 0.21%             | 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        |   1725000 | PA      | $1477648.11   | 0.86%             | 2029-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Columbia Industrial Development Board                                         | Columbia Industrial Development Board, Series 2014 D                                         | CUSIP: 197210AY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2048192.40   | 1.20%             | 2037-12-01      | Variable      | 3.81%                 | No            |                  2 | On Loan: No      |
| DCH Healthcare Authority                                                      | DCH Healthcare Authority, Series 2015                                                        | CUSIP: 233091FX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002266.60   | 1.17%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DCH Healthcare Authority                                                      | DCH Healthcare Authority, Series 2021 A                                                      | CUSIP: 23366AAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2310000 | PA      | $2205889.69   | 1.29%             | 2046-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| East Alabama Health Care Authority (The)                                      | East Alabama Health Care Authority (The), Series 2018 A                                      | CUSIP: 270416FH8<br>LEI: 254900WODAI3WFO1QH51 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3078876.90   | 1.80%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                       | Energy Southeast A Cooperative District, Series 2023 A-1                                     | CUSIP: 292723AK9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1101411.50   | 0.64%             | 2053-11-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                       | Energy Southeast A Cooperative District, Series 2024 B                                       | CUSIP: 292723BN2<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2209744.20   | 1.29%             | 2054-07-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Florence City Board of Education                                              | Florence City Board of Education, Series 2022                                                | CUSIP: 340001AS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2867772.00   | 1.68%             | 2046-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florence Public Educational Building Authority                                | Florence Public Educational Building Authority, Series 2024                                  | CUSIP: 340083AW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1069630.00   | 0.63%             | 2049-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                          | Guam Government Waterworks Authority, Series 2020 A                                          | CUSIP: 40065FDF8<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   1000000 | PA      | $1020661.10   | 0.60%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                          | Guam Government Waterworks Authority, Series 2024 A                                          | CUSIP: 40065FEF7<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   1000000 | PA      | $1042339.10   | 0.61%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                          | Guam Government Waterworks Authority, Series 2025 A                                          | CUSIP: 40065FFJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    600000 | PA      | $623389.38    | 0.36%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                          | Guam Government Waterworks Authority, Series 2025 A                                          | CUSIP: 40065FFK5<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   1100000 | PA      | $1156236.62   | 0.68%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Haven at Elgin LLC                                                            | Haven at Elgin LLC                                                                           | CUSIP: 41935HAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $529165.99    | 0.31%             | 2053-12-31      | Fixed         | 5.25%                 | No            |                  3 | On Loan: No      |
| Health Care Authority for Baptist Health (The)                                | Health Care Authority for Baptist Health (The), Series 2023 A                                | CUSIP: 42219UCF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1090096.20   | 0.64%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health Care Authority for Baptist Health (The)                                | Health Care Authority for Baptist Health (The), Series 2023 A                                | CUSIP: 42219UCG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $948700.55    | 0.56%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Homewood Educational Building Authority                                       | Homewood Educational Building Authority, Series 2019 A                                       | CUSIP: 437887GP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2136343.25   | 1.25%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Homewood Educational Building Authority                                       | Homewood Educational Building Authority, Series 2021 A                                       | CUSIP: 437887HG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1232100.35   | 0.72%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Homewood Educational Building Authority                                       | Homewood Educational Building Authority, Series 2024 C                                       | CUSIP: 437887HY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024521.10   | 0.60%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Huntsville AL                                                         | City of Huntsville, Series 2018 B                                                            | CUSIP: 447025L88<br>LEI: 549300FQXH802SS93031 | Long             | DBT              | MUN               | US        |   4775000 | PA      | $4948206.44   | 2.90%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health Care Authority of the City of Huntsville (The)                         | Health Care Authority of the City of Huntsville (The), Series 2020 B                         | CUSIP: 44706HDU8<br>LEI: 254900QP8DQFH746YJ31 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1910019.60   | 1.12%             | 2045-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health Care Authority of the City of Huntsville (The)                         | Health Care Authority of the City of Huntsville (The), Series 2025 B                         | CUSIP: 44706HDY0<br>LEI: 254900QP8DQFH746YJ31 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3522453.90   | 2.06%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Infirmary Health System Special Care Facilities Financing Authority of Mobile | Infirmary Health System Special Care Facilities Financing Authority of Mobile, Series 2021 A | CUSIP: 45663NCD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2714565.60   | 1.59%             | 2046-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jacksonville State University                                                 | Jacksonville State University, Series 2017                                                   | CUSIP: 469205KK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2567781.50   | 1.50%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jacksonville State University                                                 | Jacksonville State University, Series 2020                                                   | CUSIP: 469205LF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4278028.50   | 2.50%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jefferson County Board of Education/AL                                        | Jefferson County Board of Education, Series 2024                                             | CUSIP: 472649BV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062926.90   | 0.62%             | 2046-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                          | County of Jefferson, Series 2024                                                             | CUSIP: 472682ZS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4774437.90   | 2.79%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Limestone County Water & Sewer Authority                                      | Limestone County Water & Sewer Authority, Series 2015 B                                      | CUSIP: 532647HL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $230152.40    | 0.13%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Limestone County Water & Sewer Authority                                      | Limestone County Water & Sewer Authority, Series 2024                                        | CUSIP: 532656CU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $542740.25    | 0.32%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Limestone County Water & Sewer Authority                                      | Limestone County Water & Sewer Authority, Series 2024                                        | CUSIP: 532656CW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1875280.20   | 1.10%             | 2054-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Lincoln AL                                                            | City of Lincoln, Series 2020                                                                 | CUSIP: 532843FC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2387818.00   | 1.40%             | 2050-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Madison Water & Wastewater Board                                              | Madison Water & Wastewater Board, Series 2017                                                | CUSIP: 556589HC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4610000 | PA      | $4672832.46   | 2.73%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Madison City Board of Education                                               | Madison City Board of Education, Series 2019                                                 | CUSIP: 55658FAV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2954831.10   | 1.73%             | 2044-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Marshall AL                                                         | County of Marshall, Series 2025                                                              | CUSIP: 572002HG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036019.90   | 0.61%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mobile County Board of School Commissioners                                   | Mobile County Board of School Commissioners, Series 2022 B                                   | CUSIP: 607298BP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1957026.00   | 1.15%             | 2052-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Mobile County Industrial Development Authority                                | Mobile County Industrial Development Authority, Series 2024 A                                | CUSIP: 60733UAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992689.00    | 0.58%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mobile County Industrial Development Authority                                | Mobile County Industrial Development Authority, Series 2024 B                                | CUSIP: 60733UAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1197921.38   | 0.70%             | 2054-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| County of Mobile AL                                                           | County of Mobile, Series 2020                                                                | CUSIP: 607341AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1988761.74   | 1.16%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Montgomery Water Works & Sanitary Sewer Board                                 | Montgomery Water Works & Sanitary Sewer Board, Series 2025                                   | CUSIP: 613105NJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1081516.60   | 0.63%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Opelika Utilities Board                                                       | Opelika Utilities Board, Series 2017                                                         | CUSIP: 683548CY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2006340.80   | 1.17%             | 2041-06-01      | 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        |    800000 | PA      | $616418.40    | 0.36%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Special Care Facilities Financing Authority of the City of Pell City Alabama  | Special Care Facilities Financing Authority of the City of Pell City Alabama, Series 2021 A  | CUSIP: 705888CK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4064526.40   | 2.38%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Pike Road AL                                                          | Town of Pike Road, Series 2024                                                               | CUSIP: 72129PHE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1087246.90   | 0.64%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Prattville Waterworks Board                                                   | Prattville Waterworks Board, Series 2023                                                     | CUSIP: 740053HY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038887.60   | 0.61%             | 2053-08-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                      | Public Finance Authority, Series 2024 A-2                                                    | CUSIP: 74441XHX0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2125000 | PA      | $1428134.94   | 0.84%             | 2044-12-01      | None          | 0.00%                 | 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    | 0.53%             | 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        |   4200000 | PA      | $2112193.02   | 1.24%             | 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        |    500000 | PA      | $419959.35    | 0.25%             | 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    | 0.30%             | 2032-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                          | Puerto Rico Electric Power Authority, Series VV                                              | CUSIP: 74526Q2U5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1000000 | PA      | $1024450.90   | 0.60%             | 2034-07-01      | 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: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    500000 | PA      | $490764.25    | 0.29%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                       | Puerto Rico Sales Tax Financing Corp., Series A-2                                            | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    250000 | PA      | $242228.08    | 0.14%             | 2058-07-01      | Fixed         | 4.78%                 | 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    | 0.12%             | 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        |    925000 | PA      | $463639.60    | 0.27%             | 2045-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Selma Industrial Development Board                                            | Selma Industrial Development Board, Series 2020 A                                            | CUSIP: 81647PAH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1614632.70   | 0.94%             | 2034-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority                  | South Carolina State Housing Finance & Development Authority, Series 2021 A                  | CUSIP: 83712EHN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $691797.83    | 0.40%             | 2039-12-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Southeast Alabama Gas Supply District (The)                                   | Southeast Alabama Gas Supply District (The), Series 2024 B                                   | CUSIP: 84131TBT8<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1093186.90   | 0.64%             | 2049-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                             | Southeast Energy Authority A Cooperative District, Series 2021 A                             | CUSIP: 84136FAH0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2061317.00   | 1.21%             | 2051-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                             | Southeast Energy Authority A Cooperative District, Series 2022 A-1                           | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2176945.80   | 1.27%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                             | Southeast Energy Authority A Cooperative District, Series 2023 B                             | CUSIP: 84136GAK1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1076271.30   | 0.63%             | 2054-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                             | Southeast Energy Authority A Cooperative District, Series 2024 A                             | CUSIP: 84136HAU7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1076346.20   | 0.63%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                             | Southeast Energy Authority A Cooperative District, Series 2025 A                             | CUSIP: 84136HBC6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053271.80   | 0.62%             | 2056-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Talladega County Board of Education                                           | Talladega County Board of Education, Series 2017                                             | CUSIP: 874402EB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2039782.00   | 1.19%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Troy Public Educational Building Authority                                    | Troy Public Educational Building Authority, Series 2011                                      | CUSIP: 89732TCG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $295317.95    | 0.17%             | 2040-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Trussville AL                                                         | City of Trussville, Series 2018 A                                                            | CUSIP: 898242MA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3031332.90   | 1.77%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Tuscaloosa AL                                                         | City of Tuscaloosa, Series 2025 B                                                            | CUSIP: 9005773A3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1336274.63   | 0.78%             | 2055-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Tuscaloosa AL                                                         | City of Tuscaloosa, Series 2020 A                                                            | CUSIP: 900577L70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1844963.60   | 1.08%             | 2050-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Alabama (The)                                                   | University of Alabama (The), Series 2018 B-2                                                 | CUSIP: 914025GM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5101256.50   | 2.98%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Montevallo                                                      | University of Montevallo, Series 2017                                                        | CUSIP: 914513FG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2546109.50   | 1.49%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of South Alabama                                                   | University of South Alabama, Series 2019 A                                                   | CUSIP: 914845RV6<br>LEI: 549300U394SOV3NGG049 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2043205.20   | 1.20%             | 2049-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of South Alabama                                                   | University of South Alabama, Series 2024 A                                                   | CUSIP: 914845UZ3<br>LEI: 549300U394SOV3NGG049 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052646.30   | 0.62%             | 2054-04-01      | Fixed         | 5.25%                 | 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        |    500000 | PA      | $445809.10    | 0.26%             | 2037-01-01      | Fixed         | 3.65%                 | 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