- CUSIP
- 354726309
- Issuer
- Franklin
- Inception Date
- Sep 1, 1987
- Category
- Municipal Bonds
- Index Tracked
- Bloomberg Municipal Bond Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FCOQX Performance Chart
Franklin Colorado Tax-Free Income Fund Class A (FCOQX) is up 0.7% since the beginning of the year. FCOQX is currently trading at $10 per share. Investors who bought $1,000 worth of FCOQX shares 5 years ago would now be looking at an investment worth $998.
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Returns By Period
Franklin Colorado Tax-Free Income Fund Class A (FCOQX) has returned 0.65% so far this year and 6.13% over the past 12 months.
Franklin Colorado Tax-Free Income Fund Class A
- 1D
- -0.29%
- 1M
- -1.97%
- 6M
- 0.28%
- YTD
- 0.65%
- 1Y
- 6.13%
- 3Y*
- 3.17%
- 5Y*
- -0.04%
- 10Y*
- —
- ALL TIME*
- 1.73%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FCOQX Monthly Returns History
Based on dividend-adjusted daily data since Sep 10, 2018, FCOQX's average daily return is +0.01%, while the average monthly return is +0.16%. At this rate, an investment would double in approximately 36.1 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2023 with a return of +7.0%, while the worst month was Sep 2022 at -4.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FCOQX closed higher 37% of trading days. The best single day was Mar 25, 2020 with a return of +3.7%, while the worst single day was Mar 19, 2020 at -2.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.36% | 1.48% | -1.97% | 1.33% | 0.46% | 1.02% | -1.97% | 0.65% | |||||
| 2025 | 0.08% | 0.99% | -1.74% | -0.99% | -0.59% | 0.75% | -0.89% | 0.78% | 3.12% | 1.44% | 0.33% | 0.09% | 3.34% |
| 2024 | -0.05% | 0.05% | 0.16% | -1.27% | 0.18% | 1.78% | 1.02% | 0.64% | 0.89% | -1.24% | 1.59% | -1.24% | 2.47% |
| 2023 | 2.95% | -2.54% | 2.12% | -0.38% | -0.72% | 1.02% | 0.14% | -1.40% | -3.19% | -1.93% | 6.98% | 2.88% | 5.62% |
| 2022 | -2.62% | -0.70% | -3.05% | -3.25% | 0.95% | -2.22% | 2.61% | -2.58% | -3.99% | -1.08% | 4.90% | -0.14% | -10.97% |
| 2021 | 0.51% | -1.93% | 0.80% | 1.03% | 0.41% | 0.36% | 0.76% | -0.49% | -0.93% | -0.10% | 1.03% | 0.11% | 1.52% |
Benchmark Metrics
Franklin Colorado Tax-Free Income Fund Class A has an annualized alpha of 1.41%, beta of 0.03, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since September 10, 2018.
- This fund participated in 24.02% of S&P 500 Index downside but only 14.35% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.03 may look defensive, but with R2 of 0.02 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.02 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.41%
- Beta
- 0.03
- R²
- 0.02
- Upside Capture
- 14.35%
- Downside Capture
- 24.02%
Expense Ratio
FCOQX has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FCOQX ranks 86 for risk / return — above 86% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Franklin Colorado Tax-Free Income Fund Class A (FCOQX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FCOQX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.25 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 2.00 | +0.65 |
| Martin ratioReturn relative to average drawdown | 9.30 | 8.49 | +0.80 |
Dividends
Dividend History
Franklin Colorado Tax-Free Income Fund Class A provided a 2.95% dividend yield over the last twelve months, with an annual payout of $0.31 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.31 | $0.33 | $0.32 | $0.25 | $0.27 | $0.25 | $0.28 | $0.34 | $0.12 |
Dividend yield | 2.95% | 3.13% | 3.01% | 2.33% | 2.59% | 2.09% | 2.37% | 2.95% | 1.06% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin Colorado Tax-Free Income Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.17 | |||||
| 2025 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2023 | $0.02 | $0.02 | $0.03 | $0.00 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.00 | $0.03 | $0.03 | $0.25 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.27 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin Colorado Tax-Free Income Fund Class A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Franklin Colorado Tax-Free Income Fund Class A was 15.80%, occurring on Oct 25, 2022. Recovery took 827 trading sessions.
The current Franklin Colorado Tax-Free Income Fund Class A drawdown is 1.97%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-15.80%Oct 2022 | 1y 2mo | 3y 3mo | 4y 6moAug 2021 - Feb 2026 | Bear market2022 |
-10.82%Mar 2020 | 10d | 4mo 20d | 5moMar 2020 - Aug 2020 | COVID crash2020 |
-2.72%Mar 2026 | 22d | 2mo 10d | 3mo 2dMar 2026 - Jun 2026 | — |
-2.42%Feb 2021 | 9d | 3mo 7d | 3mo 16dFeb 2021 - Jun 2021 | — |
-2.16%Jul 2026 | 16d | — | 27dJul 2026 - now | — |
Drawdown Indicators
| FCOQX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.80% | -56.78% | +40.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -9.10% | +6.38% |
Max Drawdown (3Y)Largest decline over 3 years | -6.14% | -18.90% | +12.76% |
Max Drawdown (5Y)Largest decline over 5 years | -15.80% | -25.43% | +9.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.97% | -1.58% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -4.07% | -10.70% | +6.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 2.14% | -1.37% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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