Franklin Kentucky Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 04/30/2020

Month EndAs of 04/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/12/1991
Fund without Sales Charge (%) (NAV) 1.29 2.26 2.02 3.18 4.76
Fund with Sales Charge (%) (POP) -2.50 0.96 1.24 2.79 4.62
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/12/1991
Fund without Sales Charge (%) (NAV) 3.48 2.98 2.31 3.47 4.84
Fund with Sales Charge (%) (POP) -0.40 1.68 1.53 3.07 4.70
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.37

After-Tax Average Annual Total Returns [further-information] As of 04/30/2020

Month EndAs of 04/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.29 2.26 2.02 3.18
Fund without Sales Charge (%) (NAV) After Shares Sold 1.85 2.45 2.31 3.29
Fund with Sales Charge (%) (POP) Before Shares Sold -2.50 0.96 1.24 2.79
Fund with Sales Charge (%) (POP) After Shares Sold -0.44 1.45 1.70 2.96
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.48 2.98 2.31 3.47
Fund without Sales Charge (%) (NAV) After Shares Sold 3.23 3.01 2.53 3.51
Fund with Sales Charge (%) (POP) Before Shares Sold -0.40 1.68 1.53 3.07
Fund with Sales Charge (%) (POP) After Shares Sold 0.88 1.99 1.91 3.19

Calendar Year Returns

2019 2018
Fund without Sales Charge (%) (NAV) 5.55 1.01
Fund with Sales Charge (%) (POP) 1.59 -2.78
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28

Cumulative Total Returns [further-information] As of 04/30/2020

Month EndAs of 04/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/12/1991
Fund without Sales Charge (%) (NAV) -3.19 -1.66 1.29 6.93 10.51 36.77 276.72
Fund with Sales Charge (%) (POP) -6.82 -5.35 -2.50 2.92 6.37 31.64 262.60
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/12/1991
Fund without Sales Charge (%) (NAV) 0.15 0.15 3.48 9.22 12.11 40.64 283.65
Fund with Sales Charge (%) (POP) -3.61 -3.61 -0.40 5.12 7.90 35.37 269.27
Bloomberg Barclays Municipal Bond Index (%) -0.63 -0.63 3.85 12.35 17.00 50.11 343.15

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 05/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.04 2.76 3.56
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.89 3.75 3.80
Alpha -0.52 -0.49 -0.40
Beta 0.76 0.71 0.89
Sharpe Ratio 0.36 0.49 0.77
Information Ratio -0.93 -0.97 -0.69
Tracking Error 1.12 1.31 1.16
R-Squared 0.95 0.93 0.91

ADDITIONAL RISK STATISTICSAs of 05/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.77 0.74 0.94
Beta Bear 0.73 0.67 0.84
Bull Bear Capture Ratio 0.94 0.93 0.92
Gains/Losses 2.05 2.09 2.12

SALES CHARGE, EXPENSES & FEES As of 07/01/2019 (updated annually)

Gross Expense Ratio 0.96%
Net Expense Ratio [further-information] 0.96%
Max Initial Sales Charge 3.75%
CDSC 1.00%

Volatility Measures [further-information] As of 05/31/2020 Updated Monthly, based on a 3-year period

Beta 0.76
Sharpe Ratio 0.36
Standard Deviation 3.04

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index