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FORIX Franklin OR Tax Free Income C

  • Fund
  • FORIX
  • Price as of: Mar 22, 2019
  • $11.63
  • + $0.03
  • + 0.26%
  • Category
  • Single State Municipal Bonds

FORIX - Profile

Vitals

  • YTD Return 1.2%
  • 3 Yr Annualized Return 1.2%
  • 5 Yr Annualized Return 2.4%
  • Net Assets $1.15 B
  • Holdings in Top 10 26.0%

52 WEEK LOW AND HIGH

$11.63
$11.30
$11.63

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.19%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 12.63%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

N/A

Investment Themes

CATEGORY

Single State Municipal Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Muni Single State Long

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return 1.2%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.67%
DIVIDENDS
  • Dividend Yield 0.3%
  • 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 11089501
  • 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.

FORIX - Performance

Return Ranking - Trailing

Period FORIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.2% -100.0% 7.4% 52.24% 4
1 Yr 2.5% -13.2% 14.4% 67.02% 4
3 Yr 1.2% * -2.8% 8.2% 66.16% 4
5 Yr 2.4% * -2.7% 7.1% 65.41% 4
10 Yr 3.4% * 0.1% 9.7% 67.47% 4

* Annualized


Return Ranking - Calendar

Period FORIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -2.4% -12.8% 11.0% 43.10% 3
2017 0.4% -10.1% 7.9% 51.23% 4
2016 -2.3% -7.9% 7.4% 22.36% 2
2015 -1.2% -9.5% 10.8% 58.59% 5
2014 5.6% -20.2% 15.6% 35.49% 3

Total Return Ranking - Trailing

Period FORIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.2% -100.0% 5.2% 51.36% 4
1 Yr 1.5% -17.4% 14.4% 46.05% 3
3 Yr 1.2% * -3.7% 8.2% 46.34% 3
5 Yr 2.4% * -3.0% 7.1% 52.70% 3
10 Yr 3.4% * -0.1% 9.7% 63.47% 4

* Annualized


Total Return Ranking - Calendar

Period FORIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -2.4% -12.8% 11.0% 40.62% 3
2017 0.4% -10.1% 7.6% 51.95% 4
2016 -2.3% -7.9% 8.0% 21.74% 2
2015 -1.2% -9.5% 10.8% 61.49% 5
2014 5.6% -20.2% 17.8% 39.03% 3

NAV & Total Return History

FORIX - Holdings

Filings data as of: Feb 28, 2019

Concentration Analysis

FORIX Category Low Category High FORIX % Rank Quintile
Net Assets 1.15 B 0 19.1 B 3.88% 1
Number of Holdings 187 16 4079 10.37% 2
Net Assets in Top 10 299 M -4.71 M 2.74 B 1.36% 1
Weighting of Top 10 26.0% 2.8% 73.5% 15.12% 2

Top 10 Holdings

  1. SALEM ORE HOSP FAC AUTH REV 5% 3.85%
  2. OREGON ST FACS AUTH REV 1.68% 3.76%
  3. OREGON ST FACS AUTH REV 5% 2.91%
  4. OREGON ST FACS AUTH REV 5.75% 2.84%
  5. TIGARD ORE WTR SYS REV 5% 2.30%
  6. PORTLAND ORE SWR SYS REV 5% 2.26%
  7. MEDFORD ORE HOSP FACS AUTH REV 5.12% 2.25%
  8. TIGARD ORE WTR SYS REV 5% 1.98%
  9. UNIVERSITY OREGON GEN REV 5% 1.95%
  10. OREGON ST DEPT TRANSN HWY USER TAX REV 5% 1.88%

Asset Allocation

Weighting Category Low Category High FORIX % Rank Quintile
Bonds
98.52% -0.21% 101.56% 10.47% 3
Cash
1.48% -1.56% 99.63% 13.66% 3
Stocks
0.00% 0.00% 0.36% 0.39% 3
Preferred Stocks
0.00% 0.00% 0.00% 0.10% 3
Other
0.00% -1.83% 33.35% 5.43% 4
Convertible Bonds
0.00% 0.00% 0.00% 0.10% 3

Bond Sector Breakdown

Weighting Category Low Category High FORIX % Rank Quintile
Municipal
98.52% 0.00% 104.11% 11.43% 3
Cash & Equivalents
1.48% -2.36% 99.63% 13.28% 3
Derivative
0.00% -5.47% 0.00% 0.10% 3
Securitized
0.00% 0.00% 0.00% 0.10% 3
Corporate
0.00% 0.00% 13.08% 3.39% 4
Government
0.00% -17.97% 2.84% 1.07% 3

Bond Geographic Breakdown

Weighting Category Low Category High FORIX % Rank Quintile
US
97.05% -0.21% 101.39% 15.21% 3
Non US
1.47% 0.00% 45.96% 12.69% 2

FORIX - Expenses

Operational Fees

FORIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.19% 0.09% 5.19% 9.50% 4
Management Fee 0.47% 0.00% 1.30% 1.74% 3
12b-1 Fee 0.65% 0.00% 1.00% 1.40% 3
Administrative Fee 0.15% 0.00% 0.33% 2.62% 4

Sales Fees

FORIX Fees (% of AUM) Category Low Category High FORIX Rank Quintile
Front Load N/A 1.00% 5.75% N/A N/A
Deferred Load 1.00% 0.50% 5.50% 1.57% 2

Trading Fees

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

Turnover 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 Low Category High FORIX Rank Quintile
Turnover 12.63% 0.00% 293.00% 9.70% 2

FORIX - Distributions

Dividend Yield Analysis

FORIX Category Low Category High FORIX % Rank Quintile
Dividend Yield 0.3% 0.00% 0.85% 15.69% 3

Dividend Distribution Analysis

FORIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FORIX Category Low Category High FORIX % Rank Quintile
Net Income Ratio 2.67% -0.21% 6.13% 13.76% 3

Capital Gain Distribution Analysis

FORIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

FORIX - Managers

John Wiley

Manager

Start Date

Dec 31, 1991

Tenure

27.18

Tenure Rank

0.7%

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 S. Sperry

Lead Manager

Start Date

Dec 31, 2000

Tenure

18.17

Tenure Rank

3.2%

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

0.1

Category High

39.4

Category Average

9.55

Category Mode

4.2