Franklin OH Tax-Free Inc R6 (FKTOX)
| Fund Assets | 913.85M |
| Expense Ratio | 0.53% |
| Min. Investment | $1,000,000 |
| Turnover | 13.17% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 3.61% |
| Dividend Growth | 4.49% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 11.04 |
| YTD Return | -2.56% |
| 1-Year Return | -1.46% |
| 5-Year Return | -3.42% |
| 52-Week Low | 10.84 |
| 52-Week High | 11.68 |
| Beta (5Y) | n/a |
| Holdings | 245 |
| Inception Date | Aug 1, 2017 |
About FKTOX
Franklin Ohio Tax-Free Income Fund Class R6 is an open-end mutual fund focused on providing a high level of current income that is federally tax-exempt, with the added objective of maximizing income exempt from Ohio state and local personal income taxes for Ohio residents. The fund primarily invests at least 80% of its assets in municipal securities whose interest payments are free from federal income taxes, including the alternative minimum tax, and targets obligations issued by Ohio state and local governments. The portfolio comprises a diversified selection of municipal bonds, with a strong emphasis on sectors critical to Ohio’s infrastructure, such as public schools, transportation, and housing authorities. Top holdings include municipal issues like city school districts, multifamily housing revenue bonds, and state turnpike commission bonds, reflecting a broad exposure to tax-advantaged state and local projects. Designed for institutional and retirement plan investors, this share class offers a relatively low expense ratio compared to category peers, and distributes income monthly. By providing access to a mix of municipal securities, the fund serves as a key tool for investors seeking tax-advantaged income while supporting Ohio’s public development and fiscal stability.
Performance
FKTOX had a total return of -1.46% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.12%.
Top 10 Holdings
16.74% of assets| Name | Symbol | Weight |
|---|---|---|
| MIAMI VY CAREER TECHNICAL CTR OHIO 5% | OH.MIVHGR 5 12.01.2044 | 2.21% |
| OHIO ST TPK COMMN TPK REV 5% | OH.OHSTRN 5 02.15.2043 | 1.91% |
| HUDSON OHIO CITY SCH DIST 4% | OH.HUDSCD 4 12.01.2045 | 1.84% |
| OHIO HSG FIN AGY MULTIFAMILY HSG REV 5.625% | OH.OHSMFH 5.62 08.01.2041 | 1.82% |
| CINCINNATI OHIO CITY SCH DIST 5.25% | OH.CINSCD 5.25 12.01.2027 | 1.74% |
| OHIO ST TPK COMMN TPK REV 5% | OH.OHSTRN 5 02.15.2046 | 1.54% |
| FREMONT OHIO CITY SCH DIST 5% | OH.FRESCD 5 01.15.2049 | 1.53% |
| UPPER ARLINGTON OHIO CITY SCH DIST 5% | OH.UPPSCD 5 12.01.2048 | 1.51% |
| PUBLIC FIN AUTH WIS MULTIFAMILY HSG REV 0% | WI.PUBMFH 0 12.01.2044 | 1.37% |
| FRANKLIN CNTY OHIO REV 5% | OH.FRAGEN 5 12.01.2047 | 1.26% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.03528 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03235 | Jun 30, 2025 |
| May 30, 2025 | $0.03568 | May 30, 2025 |
| Apr 30, 2025 | $0.03344 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03199 | Mar 31, 2025 |
| Feb 28, 2025 | $0.0305 | Feb 28, 2025 |