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.
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