Morningstar

Franklin CO Tax Free Income A FCOQX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.70  /  +0.01 %
  • Total Assets 502.2 Mil
  • Adj. Expense Ratio
    0.850%
  • Expense Ratio 0.850%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.93%
  • Effective Duration 6.69 years

USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 10:13 PM GMT+0

Morningstar’s Analysis FCOQX

Will FCOQX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FCOQX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FCOQX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FCOQX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A decline in People Pillar rating is the primary driver of Franklin CO Tax Free Income A's downgrade to a Morningstar Medalist Rating of Negative from Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FCOQX

More FCOQX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 21.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

FORT COLLINS COLO ELEC UTIL ENTERPRISE REV

2.86 14.3 Mil
municipal

PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV

2.51 12.5 Mil
municipal

REGIONAL TRANSN DIST COLO SALES TAX REV

2.30 11.5 Mil
municipal

DENVER COLO CITY & CNTY BRD WTR COMMRS WTR REV

2.14 10.7 Mil
municipal

REGIONAL TRANSN DIST COLO SALES TAX REV

2.10 10.5 Mil
municipal

DENVER COLO CONVENTION CTR HOTEL AUTH REV

2.01 10.0 Mil
municipal

PARK CREEK MET DIST COLO REV

1.95 9.7 Mil
municipal

DENVER COLO HEALTH & HOSP AUTH HEALTHCARE REV

1.88 9.4 Mil
municipal

COLORADO HEALTH FACS AUTH REV

1.87 9.3 Mil
municipal

COLORADO HEALTH FACS AUTH REV

1.70 8.5 Mil
municipal

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