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Address And Details

One Franklin Pkwy , San Mateo, CA 94403
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

To provide investors with as high a level of income exempt from federal income taxes as is consistent with prudent investment management and the preservation of shareholders capital. The Fund also tries to provide a maximum level of income exempt from personal income taxes, if any, for resident shareholders of Ohio. Under normal market conditions, the Fund invests at least 80% of its total assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax. In addition, under normal market conditions, the Fund invests at least 80% of its total assets in securities that pay interest free from the personal income taxes, if any, of Ohio. Although the Fund tries to invest all of its assets in tax-free securities, it is possible that up to 20% of the Fund's total assets may be in securities that pay interest that may be subject to the federal alternative minimum tax and, although not anticipated, in securities that pay interest subject to other federal or state income taxes. The Fund only buys municipal securities rated, at the time of purchase, in one of the top four ratings categories by one or more U.S. nationally recognized rating services (or unrated or short-term rated securities of comparable credit quality). Because of its historical investment policy of investing in insured municipal securities, the Fund s portfolio may consist to a large extent of insured municipal securities. Insured municipal securities are covered by insurance policies that guarantee the timely payment of principal and interest. The premium costs, however, are typically reflected in a lower yield and/or higher price for the insured bond. It is important to note that insurance does not guarantee the market value of an insured security, or the Fund s share price or distributions, and shares of the Fund are not insured. The Fund also may invest up to 35% of its total assets in municipal securities issued by U.S. territories. Although the investment manager will search for investments across a large number of municipal securities that finance different types of projects, from time to time, based on economic conditions, the Fund may have significant positions in municipal securities that finance similar types of projects. The investment manager selects securities that it believes will provide the best balance between risk and return within the Fund s range of allowable investments and typically uses a buy and hold strategy. This means it generally holds securities in the Fund s portfolio for income purposes, rather than trading securities for capital gains, although the investment manager may sell a security at any time if it believes it could help the Fund meet its goal. The investment manager also may consider the cost of insurance when selecting securities for the Fund.

Net Asset Value

as of 5:56 PM ET 11/26/2021


  • 1 Week
  • 0.00%
  • 1 Month
  • +0.78%
  • 3 Months
  • -0.84%
  • 1 Yr Return
  • -1.14%
  • 5 Yr Return
  • +3.67%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Bonds 98.95%
Other 1.05%
Stocks 0.00%
Cash 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 895.39 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 0.12 -0.13 -0.21
Beta 0.82 0.83 0.97
R Squared 0.93 0.95 0.93
Std Deviation 3.36 3.30 3.64
Sharpe Ratio 1.08 0.56 n/a

Purchase Information

as of 5:40 PM ET 11/24/2021
Minimum Initial n/a
Minimum Additional $0
Minimum Initial IRA $99


Timeframe Average Annual Current Performance Monthly As Of 10/31/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 10/31/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • +1.44%
  • +1.41%
+1.44% +1.41%
3 Year
  • +4.62%
  • +4.47%
+4.62% +4.47%
10 Year
  • +3.57%
  • +3.54%
+3.57% +3.54%
Life Of Fund
  • +5.58%
  • +5.60%
+5.58% +5.60%

Top 10 Holdings

Symbol Company Name % Of Assets

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