Franklin Oregon Tax-Free Income Fund Class A1 is a municipal bond mutual fund designed to provide a high level of current income exempt from both federal income taxes and Oregon personal income taxes. The fund primarily invests at least 80% of its assets in a diversified portfolio of municipal bonds issued by the state of Oregon and its local governments, which finance public projects such as infrastructure, education, and healthcare. By focusing on high-quality securities—generally rated within the top four categories by nationally recognized rating agencies—the fund seeks to limit credit risk while emphasizing tax efficiency for Oregon residents. It is structured for investors with a long-term investment horizon, typically maintaining holdings with substantial durations, often exceeding six years, to optimize income generation. The fund pays dividends monthly, and the interest income is generally free from both federal and Oregon state income taxes for qualified investors. Franklin Oregon Tax-Free Income Fund Class A1 plays an important role in the market by offering a tax-advantaged vehicle tailored to residents of Oregon, supporting local public finance while appealing to those in higher tax brackets seeking stable, tax-free income.
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