Franklin Kentucky Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 07/31/2020

Month EndAs of 07/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/12/1991
Fund without Sales Charge (%) (NAV) 3.58 3.43 2.96 3.46 4.87
Fund with Sales Charge (%) (POP) -0.31 2.12 2.18 3.06 4.73
Bloomberg Barclays Municipal Bond Index (%) 5.36 4.52 4.13 4.26 5.46
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/12/1991
Fund without Sales Charge (%) (NAV) 2.59 3.02 2.63 3.37 4.83
Fund with Sales Charge (%) (POP) -1.26 1.72 1.85 2.98 4.69
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.42

After-Tax Average Annual Total Returns [further-information] As of 07/31/2020

Month EndAs of 07/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.58 3.43 2.96 3.46
Fund without Sales Charge (%) (NAV) After Shares Sold 3.16 3.32 3.01 3.48
Fund with Sales Charge (%) (POP) Before Shares Sold -0.31 2.12 2.18 3.06
Fund with Sales Charge (%) (POP) After Shares Sold 0.82 2.30 2.39 3.15
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.59 3.02 2.63 3.37
Fund without Sales Charge (%) (NAV) After Shares Sold 2.59 3.02 2.77 3.43
Fund with Sales Charge (%) (POP) Before Shares Sold -1.26 1.72 1.85 2.98
Fund with Sales Charge (%) (POP) After Shares Sold 0.28 2.00 2.15 3.10

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 07/31/2020

Month EndAs of 07/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/12/1991
Fund without Sales Charge (%) (NAV) 4.39 2.65 3.58 10.65 15.73 40.46 293.25
Fund with Sales Charge (%) (POP) 0.47 -1.20 -0.31 6.50 11.39 35.20 278.51
Bloomberg Barclays Municipal Bond Index (%) 5.78 3.80 5.36 14.18 22.42 51.77 362.89
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/12/1991
Fund without Sales Charge (%) (NAV) 0.91 1.06 2.59 9.34 13.87 39.36 287.14
Fund with Sales Charge (%) (POP) -2.88 -2.73 -1.26 5.24 9.60 34.13 272.62
Bloomberg Barclays Municipal Bond Index (%) 2.72 2.08 4.45 13.20 21.26 51.12 355.22

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 07/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.13 2.82 3.58
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.94 3.80 3.82
Alpha -0.42 -0.30 -0.40
Beta 0.77 0.72 0.89
Sharpe Ratio 0.58 0.66 0.80
Information Ratio -0.98 -0.91 -0.69
Tracking Error 1.10 1.28 1.15
R-Squared 0.96 0.94 0.91

ADDITIONAL RISK STATISTICSAs of 07/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.79 0.76 0.95
Beta Bear 0.72 0.67 0.84
Bull Bear Capture Ratio 0.96 0.98 0.93
% of Positive Months 72.22 75.00 68.33
Gains/Losses 2.33 2.34 2.16
Maximum Drawdown
4.31 4.31 8.14

SALES CHARGE, EXPENSES & FEES As of 07/01/2020 (updated annually)

Gross Expense Ratio 0.97%
Net Expense Ratio [further-information] 0.97%
Max Initial Sales Charge 3.75%
CDSC 1.00%

Volatility Measures [further-information] As of 07/31/2020 Updated Monthly, based on a 3-year period

Beta 0.77
Sharpe Ratio 0.58
Standard Deviation 3.13

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index