Franklin Federal Tax-Free Income Fund

New investors must invest in new Class A shares. This A1 share class is available only for existing investors as of 9/7/18.

New investors must invest in new Class A shares. This A1 share class is available only for existing investors as of 9/7/18.

Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 10/07/1983
Fund without Sales Charge (%) (NAV) 7.77 2.46 3.09 4.01 6.32
Fund with Sales Charge (%) (POP) 3.74 1.15 2.30 3.62 6.20
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 10/07/1983
Fund without Sales Charge (%) (NAV) 7.77 2.46 3.09 4.01 6.32
Fund with Sales Charge (%) (POP) 3.74 1.15 2.30 3.62 6.20
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 6.64

After-Tax Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.77 2.46 3.10 4.01
Fund without Sales Charge (%) (NAV) After Shares Sold 6.08 2.72 3.23 4.01
Fund with Sales Charge (%) (POP) Before Shares Sold 3.74 1.15 2.30 3.62
Fund with Sales Charge (%) (POP) After Shares Sold 3.64 1.70 2.60 3.68
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.77 2.46 3.10 4.01
Fund without Sales Charge (%) (NAV) After Shares Sold 6.08 2.72 3.23 4.01
Fund with Sales Charge (%) (POP) Before Shares Sold 3.74 1.15 2.30 3.62
Fund with Sales Charge (%) (POP) After Shares Sold 3.64 1.70 2.60 3.68

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 0.61 3.61 0.70 2.44 11.21 -4.46 9.03 12.12 0.86 16.31
Fund with Sales Charge (%) (POP) -3.65 -0.77 -3.59 -1.94 6.49 -8.54 4.40 7.40 -3.41 11.38
Bloomberg Barclays Municipal Bond Index (%) 1.28 5.45 0.25 3.30 9.05 -2.55 6.78 10.70 2.38 12.91

Cumulative Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/07/1983
Fund without Sales Charge (%) (NAV) 1.73 6.48 7.77 7.55 16.46 48.23 805.79
Fund with Sales Charge (%) (POP) -2.12 2.50 3.74 3.50 12.05 42.65 772.01
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/07/1983
Fund without Sales Charge (%) (NAV) 1.73 6.48 7.77 7.55 16.46 48.23 805.79
Fund with Sales Charge (%) (POP) -2.12 2.50 3.74 3.50 12.05 42.65 772.01
Bloomberg Barclays Municipal Bond Index (%) 1.58 6.75 8.55 9.88 19.68 50.38 909.67

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.81 2.62 3.70
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.42 3.03 3.42
Sharpe Ratio 0.40 0.75 1.00
Information Ratio -1.02 -0.79 -0.19
Tracking Error 0.90 0.77 0.93

SALES CHARGE, EXPENSES & FEES As of 09/01/2019 (updated annually)

Gross Expense Ratio 0.63%
Net Expense Ratio [further-information] 0.63%
Max Initial Sales Charge 3.75%
CDSC 0.75%

Volatility Measures [further-information] As of 10/31/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.40
Standard Deviation 2.81

Benchmarks

A benchmark is a comparable broad-based index that can be used to evaluate a fund's performance.

  • Bloomberg Barclays Municipal Bond Index