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FOITX Franklin OH Tax-Free Inc C

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Fund FOITX Franklin OH Tax-Free Inc C VOHIX Vanguard OH Long-Term Tax-Exempt  
Similarity
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100% 92%
Annual Fees
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$120.46
(1.18% Exp. Ratio)
$16.33
(0.16% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.08% annual return
$12,999.38 $17,689.45
Est. savings over 30 yrs +$4,690.07
Return
As of 11/30/16
1 YR RETURN 0.29%
3 YR 3.78%
5 YR 3.00%
10 YR 3.18%
1 YR RETURN 0.51%
3 YR 4.79%
5 YR 4.11%
10 YR 4.24%
Description
The investment seeks 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 invests at least 80% of its total assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax. It 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.
The investment seeks to provide current income that is exempt from both federal and Ohio personal income taxes. The fund invests primarily in high-quality municipal bonds issued by Ohio state and local governments, as well as by regional governmental and public financing authorities. Under normal circumstances, at least 80% of its assets will be invested in securities whose income is exempt from federal and Ohio state taxes. Although the fund has no limitations on the maturities of individual securities, its dollar-weighted average maturity is expected to be between 10 and 25 years. The fund is non-diversified.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

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Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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