Franklin Colorado Tax-Free Income Fund Class A (FCOQX)

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The chart shows the growth of an initial investment of $10,000 in Franklin Colorado Tax-Free Income Fund Class A, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Franklin Colorado Tax-Free Income Fund Class A (FCOQX) has returned -0.73% so far this year and 3.29% over the past 12 months.

Based on dividend-adjusted daily data since Sep 10, 2018, FCOQX's average daily return is +0.01%, while the average monthly return is +0.15%. At this rate, your investment would double in approximately 38.5 years.

Historically, 60% of months were positive and 40% 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%.

Franklin Colorado Tax-Free Income Fund Class A has an annualized alpha of 1.38%, beta of 0.03, and R² of 0.02 versus S&P 500 Index. Calculated based on daily prices since September 11, 2018.

• This fund participated in 23.85% of S&P 500 Index downside but only 14.79% 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.

FCOQX has an expense ratio of 0.85%, placing it in the medium range.

FCOQX ranks 27 for risk / return — below 27% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Franklin Colorado Tax-Free Income Fund Class A (FCOQX) and compare them to a chosen benchmark (S&P 500 Index).

Franklin Colorado Tax-Free Income Fund Class A provided a 2.93% dividend yield over the last twelve months, with an annual payout of $0.30 per share. The fund has been increasing its distributions for 2 consecutive years.

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.

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.

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 2.53%.

The chart below shows the rolling one-month volatility.