FORIX: Franklin OR Tax Free Income C

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FORIX Franklin OR Tax Free Income C


Profile

FORIX - Profile

Vitals

  • YTD Return 2.7%
  • 3 Yr Annualized Return 1.1%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $1.3 B
  • Holdings in Top 10 24.3%

52 WEEK LOW AND HIGH

$12.18
$11.53
$12.18

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.20%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 9.09%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 2.7%
  • 3 Yr Annualized Total Return 1.1%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.65%
DIVIDENDS
  • Dividend Yield 1.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Franklin Oregon Tax Free Income Fund
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    May 01, 1995
  • Shares Outstanding
    10477509
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Wiley

Fund Description

The fund invests at least 80% of its net assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax. It 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.


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Categories

Performance

FORIX - Performance

Return Ranking - Trailing

Period FORIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% -3.1% 10.6% 28.31%
1 Yr 5.5% -3.3% 26.9% 52.67%
3 Yr 1.1%* -4.7% 5.9% 62.05%
5 Yr 0.0%* -5.6% 12.5% 79.96%
10 Yr 0.1%* -5.2% 3.9% 76.04%

* Annualized

Return Ranking - Calendar

Period FORIX Return Category Return Low Category Return High Rank in Category (%)
2019 3.2% -1.7% 18.3% 67.27%
2018 -2.4% -11.7% 4.6% 45.98%
2017 0.4% -6.0% 8.3% 71.20%
2016 -2.3% -7.8% 7.7% 67.37%
2015 -1.2% -18.3% 3.0% 56.15%

Total Return Ranking - Trailing

Period FORIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% -3.1% 10.6% 27.92%
1 Yr 5.5% -3.3% 26.9% 52.02%
3 Yr 1.1%* -4.7% 8.1% 68.00%
5 Yr 0.0%* -5.6% 12.5% 85.27%
10 Yr 0.1%* -5.2% 7.0% 84.26%

* Annualized

Total Return Ranking - Calendar

Period FORIX Return Category Return Low Category Return High Rank in Category (%)
2019 3.2% -1.7% 18.3% 67.64%
2018 -2.4% -11.7% 6.5% 54.33%
2017 0.4% -6.0% 10.4% 75.54%
2016 -2.3% -7.8% 10.7% 69.93%
2015 -1.2% -12.6% 4.2% 63.72%

NAV & Total Return History


Holdings

FORIX - Holdings

Concentration Analysis

FORIX Category Low Category High FORIX % Rank
Net Assets 1.3 B 690 K 259 B 32.33%
Number of Holdings 198 1 17668 63.84%
Net Assets in Top 10 315 M -216 M 21.4 B 27.87%
Weighting of Top 10 24.26% 2.5% 100.0% 40.95%

Top 10 Holdings

  1. SALEM ORE HOSP FAC AUTH REV 5% 3.69%
  2. OREGON ST DEPT TRANSN HWY USER TAX REV 5% 3.00%
  3. OREGON ST 5% 2.56%
  4. OREGON ST FACS AUTH REV 5.75% 2.53%
  5. OREGON ST HSG & CMNTY SVCS DEPT MTG REV 2.9% 2.35%
  6. TIGARD ORE WTR SYS REV 5% 2.16%
  7. OREGON ST FACS AUTH REV 1.17% 2.06%
  8. MEDFORD ORE HOSP FACS AUTH REV 5.12% 2.00%
  9. PORTLAND ORE SWR SYS REV 5% 1.99%
  10. CLACKAMAS CNTY ORE SCH DIST NO 62 C OREGON CITY 5% 1.91%

Asset Allocation

Weighting Return Low Return High FORIX % Rank
Bonds
99.29% 80.02% 159.74% 27.80%
Cash
0.71% -59.74% 19.63% 67.27%
Stocks
0.00% -0.98% 25.43% 82.17%
Preferred Stocks
0.00% 0.00% 7.43% 84.67%
Other
0.00% -8.60% 31.85% 81.85%
Convertible Bonds
0.00% 0.00% 7.23% 88.28%

Bond Sector Breakdown

Weighting Return Low Return High FORIX % Rank
Municipal
99.29% 0.00% 100.11% 18.94%
Cash & Equivalents
0.71% -29.57% 27.25% 75.17%
Derivative
0.00% -0.83% 22.35% 83.67%
Securitized
0.00% 0.00% 98.40% 89.85%
Corporate
0.00% 0.00% 99.62% 91.18%
Government
0.00% -2.21% 122.41% 90.28%

Bond Geographic Breakdown

Weighting Return Low Return High FORIX % Rank
US
98.21% 58.28% 156.78% 24.22%
Non US
1.08% -12.35% 26.76% 67.10%

Expenses

FORIX - Expenses

Operational Fees

FORIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.20% 0.01% 38.00% 24.13%
Management Fee 0.47% 0.00% 1.10% 76.28%
12b-1 Fee 0.65% 0.00% 1.00% 72.69%
Administrative Fee 0.15% 0.00% 0.50% 81.42%

Sales Fees

FORIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load 1.00% 0.25% 5.50% 80.37%

Trading Fees

FORIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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.

FORIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.09% 0.00% 489.00% 7.61%

Distributions

FORIX - Distributions

Dividend Yield Analysis

FORIX Category Low Category High FORIX % Rank
Dividend Yield 1.02% 0.00% 3.43% 10.22%

Dividend Distribution Analysis

FORIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

FORIX Category Low Category High FORIX % Rank
Net Income Ratio 2.65% 0.00% 6.30% 47.87%

Capital Gain Distribution Analysis

FORIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

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Fund Manager Analysis

FORIX - Fund Manager Analysis

Managers

John Wiley


Start Date

Tenure

Tenure Rank

Dec 31, 1991

28.1

28.1%

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

Dec 31, 2000

19.1

19.1%

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
0.02 33.19 7.42 0.08