Franklin Alabama Tax Free Income Fund (FRALX) Alternatives
Franklin Alabama Tax Free Income Fund (FRALX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FRALX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to FRALX
FRALX charges 0.75% annually. Among mutual funds in the Municipal Bonds category, these options have the lowest expense ratios among FRALX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | Dec 22, 2015 | FRALX vs LSMSX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | May 30, 2007 | FRALX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | Feb 2, 2021 | FRALX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | Jun 24, 2021 | FRALX vs FSMUX | |
| Fidelity Municipal Bond Index Fund | 0.07% | Jul 11, 2019 | FRALX vs FMBIX |
Best Risk-Adjusted Alternatives to FRALX
Among mutual funds in the Municipal Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 100 | Dec 4, 2002 | FRALX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | Apr 21, 2016 | FRALX vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | 99 | Dec 25, 2017 | FRALX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | Feb 2, 2021 | FRALX vs FHMIX | |
| JPMorgan Ultra-Short Municipal Fund | 99 | May 30, 2016 | FRALX vs USMTX |
Top Performing FRALX Alternatives (YTD)
FRALX alternatives from the Municipal Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 5.52% | Apr 20, 1998 | FRALX vs NMI | |
| Nuveen Virginia Quality Municipal Income Fund | 4.94% | Mar 18, 1993 | FRALX vs NPV | |
| Nuveen New York AMT Free Quality Municipal Income | 4.26% | Nov 21, 2002 | FRALX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 3.67% | Oct 30, 1992 | FRALX vs MIY | |
| Nuveen Pennsylvania Quality Municipal Income | 2.14% | Feb 21, 1991 | FRALX vs NQP |
Lowest Volatility Alternatives to FRALX
FRALX alternatives from the Municipal Bonds category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.68% | Aug 19, 2002 | FRALX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.69% | May 31, 2016 | FRALX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.70% | May 30, 2016 | FRALX vs USMTX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.71% | Apr 11, 2022 | FRALX vs DFABX | |
| BlackRock Allocation Target Shares | 0.76% | May 20, 2021 | FRALX vs BATVX |
Lowest Drawdown Alternatives to FRALX
FRALX alternatives from the Municipal Bonds category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | May 20, 2021 | FRALX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | Dec 4, 2002 | FRALX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | Apr 21, 2016 | FRALX vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.20% | Dec 25, 2017 | FRALX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | -0.20% | Feb 2, 2021 | FRALX vs FHMIX |
Other Mutual Funds from Franklin Templeton
Most popular Franklin Templeton mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Franklin DynaTech Fund | Large Cap Growth Equities | 31 | -10.96% | Jan 2, 1968 | FRALX vs FKDNX | |
| Franklin Gold and Precious Metals Fund | Precious Metals | 95 | 5.72% | May 18, 1969 | FRALX vs FKRCX | |
| Franklin Income Fund Class A1 | Diversified Portfolio | 85 | 2.96% | — | FRALX vs FKINX | |
| Franklin Growth Fund | Large Cap Growth Equities | 45 | -5.57% | Apr 1, 1948 | FRALX vs FKGRX | |
| Franklin Rising Dividends Fund | Large Cap Blend Equities | 36 | -2.58% | Jan 14, 1987 | FRALX vs FRDPX | |
| ClearBridge Energy Midstream Opportunity Fund | MLPs, Energy Equities | 24 | 16.71% | Jun 10, 2011 | FRALX vs EMO | |
| ClearBridge Large Cap Growth Fund | Large Cap Growth Equities | 11 | -9.62% | Aug 29, 1997 | FRALX vs SBLGX | |
| ClearBridge Aggressive Growth Fund | Large Cap Blend Equities | 26 | -7.17% | Oct 24, 1983 | FRALX vs SHRAX | |
| Franklin Income Fund Advisor Class | Diversified Portfolio | 87 | 3.03% | Aug 28, 1997 | FRALX vs FRIAX | |
| ClearBridge Appreciation Fund | Large Cap Blend Equities | 48 | -3.71% | Mar 10, 1970 | FRALX vs SHAPX |
Often Compared With FRALX
What investors most often compare with FRALX, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| MercadoLibre, Inc. | 28 | -14.66% | — | FRALX vs MELI | ||
| Blackrock 2037 Municipal Target Term Trust | Municipal Bonds | 28 | 1.11% | Oct 28, 2022 | FRALX vs BMN | |
| Fidelity Conservative Income Municipal Bond Fund I... | Municipal Bonds | 99 | 0.30% | Oct 15, 2013 | FRALX vs FMNDX | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 18 | -0.41% | Jun 24, 2012 | FRALX vs FXIEX | |
| DFA Municipal Real Return Portfolio | Municipal Bonds | 92 | 1.10% | Nov 3, 2014 | FRALX vs DMREX | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 37 | -0.10% | Dec 27, 2017 | FRALX vs FGNSX | |
| DFA California Municipal Real Return Portfolio | Municipal Bonds | 93 | 1.09% | Oct 31, 2017 | FRALX vs DCARX |
Compare FRALX with Any Fund or Stock
Compare FRALX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.