FTOIX Fees and Costs — Franklin Ohio Tax-Free Income Fund, Class A1
Data updated: 2026-07-27
The net expense ratio is 0.67%: a 0.48% management fee, a 0.10% 12b-1 fee plus 0.09% other expenses. This share class carries a maximum front-end sales load of 3.75%. Portfolio turnover was 10%.
FTOIX Fees and Expenses
Annual operating expenses and sales charges of FTOIX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | 0.10% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.67% |
| Fee waiver | — |
| Net expense ratio | 0.67% |
| Sales charges | |
|---|---|
| Max front load | 3.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FTOIX Costs Over Time
On $10,000 invested in FTOIX, assuming 5% a year before costs, total costs come to $885 over 5 years, cutting the return by 1.50% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $375 | $375 | $375 |
| Fund expenses (net expense ratio 0.67%) | $68 | $212 | $369 |
| Lost growth on money paid in costs | $19 | $70 | $141 |
| Total costs | $461 | $657 | $885 |
| Value after costs | $10,039 | $10,920 | $11,878 |
| Impact on return, per year | 4.61% | 2.02% | 1.50% |
FTOIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $283.7M
- Portfolio turnover (prospectus): 10%
- Securities lending: none during the year
FTOIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $49.7M | 22.64% |
| Raymond James & Associates, Inc. | $33.5M | 15.29% |
| Truist Securities, Inc. | $32.2M | 14.68% |
| RBC Capital Markets, LLC | $27.1M | 12.34% |
| Stifel, Nicolaus & Company, Incorporated | $20.1M | 9.14% |
| UBS Securities LLC | $14.8M | 6.77% |
| Keybanc Capital Markets Inc. | $13.0M | 5.93% |
| J.P. Morgan Securities LLC | $10.8M | 4.91% |
| B. C. Ziegler and Company | $9.5M | 4.35% |
| BofA Securities, Inc. | $8.7M | 3.95% |
Franklin Ohio Tax-Free Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FKTOX | Class R6 | 0.54% | none |
| FROZX | Advisor Class | 0.57% | none |
| FTOIX | Class A1 | 0.67% | 3.75% |
| FOHQX | Class A | 0.82% | 3.75% |
| FOITX | Class C | 1.22% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.