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FORIX Franklin OR Tax Free Income C

  • Fund
  • FORIX
  • Price as of: Jul 18, 2019
  • $11.81 - $0.00 - 0.00%
  • Category
  • Single State Municipal Bonds

FORIX - Profile

Vitals

  • YTD Return 2.8%
  • 3 Yr Annualized Return -1.3%
  • 5 Yr Annualized Return -0.2%
  • Net Assets $1.21 B
  • Holdings in Top 10 24.5%

52 WEEK LOW AND HIGH

$11.81
$11.30
$11.81

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

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 2.8%
  • 3 Yr Annualized Total Return -1.3%
  • 5 Yr Annualized Total Return -0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.65%
DIVIDENDS
  • Dividend Yield 2.1%
  • 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 10870227
  • 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 (%)
YTD 2.8% -3.5% 8.2% 88.38%
1 Yr 2.2% -5.8% 7.5% 78.23%
3 Yr -1.3%* -2.2% 2.6% 85.24%
5 Yr -0.2%* -1.1% 2.3% 80.18%
10 Yr 0.2%* -1.1% 3.6% 82.63%

* Annualized


Return Ranking - Calendar

Period FORIX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.4% -7.2% 11.0% 57.56%
2017 0.4% -10.1% 6.8% 81.51%
2016 -2.3% -4.9% 0.0% 19.77%
2015 -1.2% -5.6% 1.8% 88.70%
2014 5.6% -34.8% 15.6% 55.07%

Total Return Ranking - Trailing

Period FORIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -3.5% 8.2% 88.38%
1 Yr 2.2% -5.8% 7.5% 78.62%
3 Yr -1.3%* -2.2% 2.6% 87.68%
5 Yr -0.2%* -1.1% 4.3% 83.33%
10 Yr 0.2%* -1.1% 5.6% 86.34%

* Annualized


Total Return Ranking - Calendar

Period FORIX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.4% -7.2% 11.0% 60.13%
2017 0.4% -10.1% 6.9% 82.41%
2016 -2.3% -4.9% 1.0% 23.75%
2015 -1.2% -5.6% 4.0% 89.86%
2014 5.6% -34.8% 16.3% 56.83%

NAV & Total Return History

FORIX - Holdings

Concentration Analysis

FORIX Category Low Category High FORIX % Rank
Net Assets 1.21 B 6.42 M 20.6 B 10.47%
Number of Holdings 197 31 4231 37.42%
Net Assets in Top 10 295 M 261 K 2.92 B 3.83%
Weighting of Top 10 24.45% 2.5% 57.1% 32.06%

Top 10 Holdings

  1. SALEM ORE HOSP FAC AUTH REV 5% 3.84%

  2. OREGON ST FACS AUTH REV 5% 2.77%

  3. OREGON ST FACS AUTH REV 5.75% 2.74%

  4. OREGON ST 5% 2.60%

  5. TIGARD ORE WTR SYS REV 5% 2.28%

  6. PORTLAND ORE SWR SYS REV 5% 2.17%

  7. MEDFORD ORE HOSP FACS AUTH REV 5.12% 2.17%

  8. CLACKAMAS CNTY ORE SCH DIST NO 62 C OREGON CITY 5% 2.03%

  9. TIGARD ORE WTR SYS REV 5% 1.93%

  10. UNIVERSITY OREGON GEN REV 5% 1.92%


Asset Allocation

Weighting Return Low Return High FORIX % Rank
Bonds
100.34% -0.60% 102.82% 9.32%
Stocks
0.00% 0.00% 0.28% 72.03%
Preferred Stocks
0.00% 0.00% 0.00% 71.26%
Other
0.00% -2.22% 8.43% 69.73%
Convertible Bonds
0.00% 0.00% 0.00% 71.26%
Cash
-0.33% -2.82% 92.17% 90.04%

Bond Sector Breakdown

Weighting Return Low Return High FORIX % Rank
Municipal
100.33% 0.00% 103.29% 10.22%
Derivative
0.00% -0.20% 0.00% 71.26%
Securitized
0.00% 0.00% 0.00% 71.26%
Corporate
0.00% 0.00% 4.72% 73.82%
Government
0.00% -12.23% 5.93% 68.58%
Cash & Equivalents
-0.33% -2.82% 92.17% 90.55%

Bond Geographic Breakdown

Weighting Return Low Return High FORIX % Rank
US
98.85% -0.60% 102.38% 31.42%
Non US
1.49% 0.00% 22.25% 44.83%

FORIX - Expenses

Operational Fees

FORIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.20% 0.09% 2.11% 33.21%
Management Fee 0.47% 0.08% 1.30% 55.94%
12b-1 Fee 0.65% 0.00% 1.00% 63.31%
Administrative Fee 0.15% 0.00% 0.33% 80.78%

Sales Fees

FORIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load 1.00% 0.50% 5.00% 78.60%

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

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 Return Low Category Return High Rank in Category (%)
Turnover 9.09% 3.00% 293.00% 13.18%

FORIX - Distributions

Dividend Yield Analysis

FORIX Category Low Category High FORIX % Rank
Dividend Yield 2.15% 0.00% 3.06% 8.17%

Dividend Distribution Analysis

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

Dividend Payout History