Franklin OH Tax-Free Inc A1 (FTOIX)
| Fund Assets | 913.85M |
| Expense Ratio | 0.66% |
| Min. Investment | $1,000 |
| Turnover | 13.17% |
| Dividend (ttm) | 0.38 |
| Dividend Yield | 3.34% |
| Dividend Growth | 4.60% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 11.02 |
| YTD Return | -2.52% |
| 1-Year Return | -1.67% |
| 5-Year Return | -3.82% |
| 52-Week Low | 10.83 |
| 52-Week High | 11.67 |
| Beta (5Y) | n/a |
| Holdings | 245 |
| Inception Date | Apr 3, 1985 |
About FTOIX
Franklin Ohio Tax-Free Income Fund Class A1 is a municipal bond mutual fund designed to provide income that is exempt from both federal and Ohio state personal income taxes. Its primary purpose is to deliver tax-advantaged income through a diversified portfolio primarily composed of investment-grade municipal bonds issued by Ohio state and local entities. The fund's holdings cover various sectors such as general obligation, healthcare, education, utilities, and transportation, reflecting the diverse economic landscape of Ohio. Established in 1985, the fund emphasizes prudent investment management with an eye on capital preservation and income stability for shareholders. It is suited for investors seeking regular, tax-exempt distributions, as it pays dividends monthly. The fund is notable for its moderate expense ratio, relatively long effective duration, and exposure to credit and interest rate risks typical of longer-maturity municipal bonds. With assets exceeding $1 billion and over two hundred individual holdings, Franklin Ohio Tax-Free Income Fund Class A1 plays a significant role in the municipal bond market by supporting public infrastructure and services through its investments while offering investors an opportunity to earn income tax-free.
Performance
FTOIX had a total return of -1.67% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.11%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FOHFX | Fidelity | Fidelity Ohio Municipal Income | 0.46% |
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 | $0.03398 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03112 | Jun 30, 2025 |
| May 30, 2025 | $0.03435 | May 30, 2025 |
| Apr 30, 2025 | $0.03218 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03075 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02938 | Feb 28, 2025 |