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Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

Franklin Oregon Tax Free Income Fund

FORIX | Fund

$10.80

$1.12 B

2.42%

$0.26

1.20%

Vitals

YTD Return

2.9%

1 yr return

-8.0%

3 Yr Avg Return

-3.6%

5 Yr Avg Return

-1.4%

Net Assets

$1.12 B

Holdings in Top 10

25.0%

52 WEEK LOW AND HIGH

$10.8
$10.06
$11.79

Expenses

OPERATING FEES

Expense Ratio 1.20%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 19.83%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

Franklin Oregon Tax Free Income Fund

FORIX | Fund

$10.80

$1.12 B

2.42%

$0.26

1.20%

FORIX - Profile

Distributions

  • YTD Total Return 2.9%
  • 3 Yr Annualized Total Return -3.6%
  • 5 Yr Annualized Total Return -1.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.50%
DIVIDENDS
  • Dividend Yield 2.4%
  • 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
    5441851
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Wiley

Fund Description

Under normal market conditions, 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. 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 Oregon. 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 net assets may be in securities that pay interest that may be subject to the federal alternative minimum tax and, although not anticipated, 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).

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.

Read More

FORIX - Performance

Return Ranking - Trailing

Period FORIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.9% -86.8% 7.5% 27.29%
1 Yr -8.0% -20.9% 15.7% 76.75%
3 Yr -3.6%* -10.3% 52.1% 76.15%
5 Yr -1.4%* -5.0% 29.8% 81.73%
10 Yr -1.6%* -3.2% 13.6% 89.23%

* Annualized

Return Ranking - Calendar

Period FORIX Return Category Return Low Category Return High Rank in Category (%)
2022 -12.9% -91.1% 101.7% 73.45%
2021 -0.4% -79.2% 102.5% 64.53%
2020 0.8% -66.1% 60.0% 16.48%
2019 0.8% -57.4% 7.6% 68.48%
2018 -0.5% -35.9% 3.2% 50.59%

Total Return Ranking - Trailing

Period FORIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.9% -86.8% 7.5% 28.51%
1 Yr -8.0% -20.9% 15.4% 76.98%
3 Yr -3.6%* -10.3% 52.1% 76.81%
5 Yr -1.4%* -5.0% 29.8% 83.51%
10 Yr -1.6%* -3.2% 13.7% 89.89%

* Annualized

Total Return Ranking - Calendar

Period FORIX Return Category Return Low Category Return High Rank in Category (%)
2022 -12.9% -91.1% 101.7% 73.32%
2021 -0.4% -79.2% 102.5% 64.50%
2020 0.8% -66.1% 60.0% 16.52%
2019 0.8% -57.4% 7.6% 68.60%
2018 -0.5% -35.9% 3.2% 52.18%

NAV & Total Return History

FORIX - Holdings

Concentration Analysis

FORIX Category Low Category High FORIX % Rank
Net Assets 1.12 B 2.87 M 73.9 B 27.40%
Number of Holdings 245 1 14000 40.45%
Net Assets in Top 10 281 M -317 M 8.64 B 9.89%
Weighting of Top 10 24.98% 2.4% 100.0% 38.61%

Top 10 Holdings

  1. SALEM ORE HOSP FAC AUTH REV 5% 5% 3.76%
  2. OREGON ST FACS AUTH REV 4% 4% 3.25%
  3. OREGON ST DEPT TRANSN HWY USER TAX REV 5% 5% 3.03%
  4. OREGON ST FACS AUTH REV 0.03% 2.98%
  5. OREGON ST 5% 5% 2.59%
  6. OREGON ST DEPT TRANSN HWY USER TAX REV 5% 2.50%
  7. OREGON ST FACS AUTH REV 5.75% 2.40%
  8. MULTNOMAH-CLACKAMAS CNTYS ORE CENTENNIAL SCH DIST NO 28JT 5% 2.39%
  9. TIGARD ORE WTR SYS REV 5% 5% 2.28%
  10. PORT PORTLAND ORE ARPT REV 5% 5% 2.27%

Asset Allocation

Weighting Return Low Return High FORIX % Rank
Bonds 		98.96% 0.00% 150.86% 57.36%
Cash 		1.04% -50.86% 100.00% 41.95%
Stocks 		0.00% -0.03% 4.63% 75.80%
Preferred Stocks 		0.00% -1.79% 0.04% 74.51%
Other 		0.00% -13.03% 30.01% 74.83%
Convertible Bonds 		0.00% 0.00% 0.93% 74.97%

Bond Sector Breakdown

Weighting Return Low Return High FORIX % Rank
Municipal 		98.96% 0.00% 100.00% 54.97%
Cash & Equivalents 		1.04% 0.00% 100.00% 44.17%
Derivative 		0.00% 0.00% 21.68% 74.83%
Securitized 		0.00% 0.00% 5.93% 75.15%
Corporate 		0.00% 0.00% 9.99% 79.50%
Government 		0.00% 0.00% 52.02% 77.37%

Bond Geographic Breakdown

Weighting Return Low Return High FORIX % Rank
US 		97.20% 0.00% 142.23% 54.42%
Non US 		1.76% 0.00% 62.14% 35.10%

FORIX - Expenses

Operational Fees

FORIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.20% 0.02% 3.60% 17.81%
Management Fee 0.47% 0.00% 1.10% 68.93%
12b-1 Fee 0.65% 0.00% 1.00% 68.71%
Administrative Fee 0.15% 0.01% 0.44% 75.44%

Sales Fees

FORIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 4.90% N/A
Deferred Load 1.00% 0.25% 5.50% 74.57%

Trading Fees

FORIX 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.

FORIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 19.83% 0.00% 283.00% 59.73%

FORIX - Distributions

Dividend Yield Analysis

FORIX Category Low Category High FORIX % Rank
Dividend Yield 2.42% 0.00% 35.27% 45.58%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FORIX Category Low Category High FORIX % Rank
Net Income Ratio 1.50% -0.53% 24.00% 71.74%

Capital Gain Distribution Analysis

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

Distributions History

View More +

FORIX - Fund Manager Analysis

Managers

John Wiley

Start Date

Tenure

Tenure Rank

Dec 31, 1991

30.44

30.4%

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

21.43

21.4%

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

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 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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.22 1.58

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