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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$11.46

$1.08 B

3.09%

$0.35

0.65%

Vitals

YTD Return

-0.1%

1 yr return

3.1%

3 Yr Avg Return

-1.5%

5 Yr Avg Return

0.7%

Net Assets

$1.08 B

Holdings in Top 10

16.3%

52 WEEK LOW AND HIGH

$11.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.65%

SALES FEES

Front Load 3.75%

Deferred Load N/A

TRADING FEES

Turnover 24.59%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$11.46

$1.08 B

3.09%

$0.35

0.65%

FTOIX - Profile

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return -1.5%
  • 5 Yr Annualized Total Return 0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.10%
DIVIDENDS
  • Dividend Yield 3.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    FRANKLIN OHIO TAX-FREE INCOME FUND
  • Fund Family Name
    Franklin Templeton Group of Funds
  • Inception Date
    Jan 03, 1994
  • Shares Outstanding
    64238755
  • Share Class
    A1
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Bonelli

Fund Description

Under normal market conditions, the Fund invests at least 80% of its total assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax. In addition, under normal market conditions, the Fund invests at least 80% of its total assets in securities that pay interest free from the personal income taxes, if any, of Ohio. Although the Fund tries to invest all of its assets in tax-free securities, it is possible that up to 20% of the Fund's total assets may be in securities that pay interest that may be subject to the federal alternative minimum tax and in securities that pay interest subject to other federal or state income taxes.

The Fund only buys municipal securities rated, at the time of purchase, in one of the top four ratings categories by one or more U.S. nationally recognized rating services (or unrated or short-term rated securities of comparable credit quality).

Because of its historical investment policy of investing in insured municipal securities, the Fund’s portfolio may consist to a large extent of insured municipal securities. Insured municipal securities are covered by insurance policies that guarantee the timely payment of principal and interest. The premium costs, however, are typically reflected in a lower yield and/or higher price for the insured bond. It is important to note that insurance does not guarantee the market value of an insured security, or the Fund’s share price or distributions, and shares of the Fund are not insured.

The Fund also may invest up to 35% of its total assets in municipal securities issued by U.S. territories.

Although the investment manager will search for investments across a large number of municipal securities that finance different types of projects, from time to time, based on economic conditions, the Fund may have significant positions in municipal securities that finance similar types of projects.

The investment manager selects securities that it believes will provide the best balance between risk and return within the Fund’s range of allowable investments and typically invests with a long-term time horizon. This means it generally holds

securities in the Fund’s portfolio for income purposes, although the investment manager may sell a security at any time if it believes it could help the Fund meet its goal. With a focus on income, individual securities are considered for purchase or sale based on various factors and considerations, including credit profile, risk, structure, pricing, portfolio impact, duration management, restructuring, opportunistic trading and tax loss harvesting opportunities. The investment manager also may consider the cost of insurance when selecting securities for the Fund.

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FTOIX - Performance

Return Ranking - Trailing

Period FTOIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -2.7% 12.2% 53.88%
1 Yr 3.1% -3.0% 38.5% 59.34%
3 Yr -1.5%* -10.3% 3.3% 80.83%
5 Yr 0.7%* -5.7% 1102.9% 68.35%
10 Yr 2.1%* -0.2% 248.3% 40.45%

* Annualized

Return Ranking - Calendar

Period FTOIX Return Category Return Low Category Return High Rank in Category (%)
2023 2.5% -1.4% 41.0% 59.72%
2022 -13.4% -39.7% 0.3% 77.73%
2021 -1.1% -5.6% 6.9% 79.56%
2020 2.3% -2.6% 310.0% 20.82%
2019 3.7% 0.0% 26.0% 52.15%

Total Return Ranking - Trailing

Period FTOIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -2.7% 12.2% 53.88%
1 Yr 3.1% -3.0% 38.5% 59.34%
3 Yr -1.5%* -10.3% 3.3% 80.83%
5 Yr 0.7%* -5.7% 1102.9% 68.35%
10 Yr 2.1%* -0.2% 248.3% 40.45%

* Annualized

Total Return Ranking - Calendar

Period FTOIX Return Category Return Low Category Return High Rank in Category (%)
2023 6.0% -1.3% 41.0% 42.03%
2022 -10.9% -39.7% 1.1% 74.38%
2021 1.1% -4.8% 23761504.0% 60.78%
2020 5.0% -1.5% 17057.9% 15.35%
2019 7.1% 0.2% 3514.6% 33.91%

NAV & Total Return History


FTOIX - Holdings

Concentration Analysis

FTOIX Category Low Category High FTOIX % Rank
Net Assets 1.08 B 3.48 M 68.1 B 26.56%
Number of Holdings 261 2 12848 45.55%
Net Assets in Top 10 178 M -317 M 3.4 B 23.90%
Weighting of Top 10 16.29% 1.9% 100.4% 57.00%

Top 10 Holdings

  1. Miami Valley Career Technology Center, Series 2018 1.92%
  2. Franklin County Convention Facilities Authority, Series 2014 1.86%
  3. County of Butler, Series 2016 1.86%
  4. Hudson City School District, Series 2018 1.70%
  5. Ohio Turnpike Infrastructure Commission, Series 2018 A 1.63%
  6. State of Ohio, Series 2021 A 1.58%
  7. Ohio Housing Finance Agency, Series 2023 A 1.55%
  8. Cincinnati City School District, Series 2006 1.50%
  9. City of Columbus, Series 2014 1.38%
  10. Ohio Turnpike Infrastructure Commission, Series 2018 A 1.31%

Asset Allocation

Weighting Return Low Return High FTOIX % Rank
Bonds
98.93% 0.00% 150.86% 40.50%
Cash
1.07% -50.86% 50.09% 55.67%
Stocks
0.00% 0.00% 99.80% 33.42%
Preferred Stocks
0.00% 0.00% 0.52% 24.74%
Other
0.00% -8.54% 33.35% 31.70%
Convertible Bonds
0.00% 0.00% 0.93% 24.77%

Bond Sector Breakdown

Weighting Return Low Return High FTOIX % Rank
Municipal
100.00% 44.39% 100.00% 2.26%
Cash & Equivalents
0.83% 0.00% 48.02% 30.15%
Derivative
0.00% -8.54% 23.38% 28.67%
Securitized
0.00% 0.00% 5.93% 25.87%
Corporate
0.00% 0.00% 9.41% 37.45%
Government
0.00% 0.00% 52.02% 31.05%

Bond Geographic Breakdown

Weighting Return Low Return High FTOIX % Rank
US
98.93% 0.00% 142.23% 38.27%
Non US
0.00% 0.00% 23.89% 32.93%

FTOIX - Expenses

Operational Fees

FTOIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.65% 0.01% 20.65% 59.87%
Management Fee 0.46% 0.00% 1.20% 66.71%
12b-1 Fee 0.10% 0.00% 1.00% 19.20%
Administrative Fee 0.15% 0.01% 0.44% 57.40%

Sales Fees

FTOIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 0.50% 4.75% 40.96%
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

FTOIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FTOIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.59% 0.00% 283.00% 71.34%

FTOIX - Distributions

Dividend Yield Analysis

FTOIX Category Low Category High FTOIX % Rank
Dividend Yield 3.09% 0.00% 14.36% 29.10%

Dividend Distribution Analysis

FTOIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FTOIX Category Low Category High FTOIX % Rank
Net Income Ratio 2.10% -0.53% 5.33% 40.77%

Capital Gain Distribution Analysis

FTOIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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FTOIX - Fund Manager Analysis

Managers

John Bonelli


Start Date

Tenure

Tenure Rank

Nov 02, 2020

1.58

1.6%

Mr. Bonelli is a Portfolio Manager and Research Analyst of Franklin Advisers, Inc. He joined Franklin Templeton Investments in 2010.

Michael Conn


Start Date

Tenure

Tenure Rank

Nov 02, 2020

1.58

1.6%

Mr. Conn has been a portfolio manager of Franklin Advisers, Inc since November 2020. He joined Franklin Templeton in 2006.

John Wiley


Start Date

Tenure

Tenure Rank

Nov 02, 2020

1.58

1.6%

John Wiley, Senior Vice President, has been a lead portfolio manager since 1993. Wiley has been an analyst or portfolio manager with Franklin Templeton Investments, his employer since 1989. He holds the Chartered Financial Analyst designation.

Christopher Sperry


Start Date

Tenure

Tenure Rank

Nov 02, 2020

1.58

1.6%

Sperry has been an analyst or portfolio manager of Franklin Templeton Investments, his employer since 1996. Sperry holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58