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FORIX Franklin OR Tax Free Income C

  • Fund
  • FORIX
  • Price as of: Nov 19, 2018
  • $11.36
  • + $0.01
  • + 0.09%
  • Category
  • Single State Municipal Bonds

FORIX - Profile

Vitals

  • YTD Return -3.5%
  • 3 Yr Annualized Return -1.7%
  • 5 Yr Annualized Return -0.5%
  • Net Assets $1.12 B
  • Holdings in Top 10 22.9%

52 WEEK LOW AND HIGH

$11.36
$11.30
$11.83

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 -3.5%
  • 3 Yr Annualized Total Return -1.7%
  • 5 Yr Annualized Total Return -0.5%
  • 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 11747394
  • 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 -3.5% -100.0% 10.3% 43.47% 4
1 Yr -3.4% -13.2% 12.3% 44.10% 3
3 Yr -1.7% * -2.8% 8.2% 56.50% 4
5 Yr -0.5% * -2.7% 7.1% 58.83% 4
10 Yr 0.2% * 0.1% 8.8% 70.66% 5

* Annualized


Return Ranking - Calendar

Period FORIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 0.4% -12.8% 6.8% 49.90% 4
2016 -2.3% -4.9% 7.9% 18.72% 2
2015 -1.2% -7.9% 7.4% 56.31% 5
2014 5.6% -9.5% 15.6% 39.19% 3
2013 -9.6% -20.2% 7.4% 67.83% 5

Total Return Ranking - Trailing

Period FORIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.5% -100.0% 10.3% 42.50% 4
1 Yr -3.4% -17.4% 12.3% 39.51% 3
3 Yr -1.7% * -3.7% 8.2% 58.94% 4
5 Yr -0.5% * -3.0% 7.1% 61.91% 4
10 Yr 0.2% * -0.1% 8.8% 77.32% 5

* Annualized


Total Return Ranking - Calendar

Period FORIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 0.4% -12.8% 6.8% 49.90% 4
2016 -2.3% -4.9% 7.6% 21.50% 2
2015 -1.2% -7.9% 8.0% 60.46% 5
2014 5.6% -9.5% 17.8% 41.76% 3
2013 -9.6% -20.2% 7.4% 68.87% 5

NAV & Total Return History

FORIX - Holdings

Filings data as of: Sep 30, 2018

Concentration Analysis

FORIX Category Low Category High FORIX % Rank Quintile
Net Assets 1.12 B 2.11 M 18.2 B 3.97% 1
Number of Holdings 194 16 4174 9.88% 2
Net Assets in Top 10 270 M -1.25 M 2.7 B 2.03% 1
Weighting of Top 10 22.9% 2.8% 73.5% 19.38% 3

Top 10 Holdings

  1. OREGON ST FACS AUTH 5% 2.90%
  2. SALEM ORE HOSP FAC AUTH 5% 2.90%
  3. OREGON ST FACS AUTH 5.75% 2.85%
  4. PORTLAND ORE 5% 2.23%
  5. MEDFORD ORE HOSP FACS AUTH 5.12% 2.21%
  6. TIGARD ORE WTR SYS 5% 2.20%
  7. UNIVERSITY OREGON 5% 1.94%
  8. TIGARD ORE WTR SYS 5% 1.93%
  9. OREGON ST DEPT TRANSN 5% 1.89%
  10. TRI-CNTY MET TRANSN DIST ORE 5% 1.79%

Asset Allocation

Weighting Category Low Category High FORIX % Rank Quintile
Bonds
99.11% -0.65% 102.82% 8.24% 3
Cash
0.88% -3.19% 99.63% 14.34% 2
Stocks
0.00% -1.85% 0.36% 0.48% 3
Preferred Stocks
0.00% 0.00% 0.00% 0.10% 3
Other
0.00% -2.16% 33.35% 6.01% 4
Convertible Bonds
0.00% 0.00% 0.00% 0.10% 3

Bond Sector Breakdown

Weighting Category Low Category High FORIX % Rank Quintile
Municipal
99.12% 0.00% 110.35% 8.91% 3
Cash & Equivalents
0.88% -3.19% 99.63% 13.86% 2
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% 5.69% 3.78% 4
Government
0.00% -11.15% 4.58% 1.26% 3

Bond Geographic Breakdown

Weighting Category Low Category High FORIX % Rank Quintile
US
97.68% -0.65% 102.33% 13.57% 3
Non US
1.43% 0.00% 45.96% 12.40% 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% 9.30% 4
Management Fee 0.47% 0.00% 1.30% 1.74% 3
12b-1 Fee 0.65% 0.00% 1.00% 1.27% 3
Administrative Fee 0.15% 0.00% 0.33% 2.38% 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% 157.00% 9.20% 2

FORIX - Distributions

Dividend Yield Analysis

FORIX Category Low Category High FORIX % Rank Quintile
Dividend Yield 0.3% 0.00% 0.85% 17.77% 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% 13.66% 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

26.85

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

17.84

Tenure Rank

3.0%

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

0.0

Category High

39.1

Category Average

9.62

Category Mode

0.5