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.
Fund Family Franklin Templeton Investments
Category Muni Ohio
Performance Rating Above Average
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol FKTOX
Share Class Class R6
Index Bloomberg Municipal Bond TR
FKTOX had a total return of 6.31% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.89%.
