Franklin Kentucky Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 11/30/2019

Month EndAs of 11/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/12/1991
Fund without Sales Charge (%) (NAV) 6.46 3.29 2.51 3.62 4.88
Fund with Sales Charge (%) (POP) 2.47 1.99 1.73 3.23 4.74
Bloomberg Barclays Municipal Bond Index (%) 8.49 5.03 3.57 4.34 5.45
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/12/1991
Fund without Sales Charge (%) (NAV) 6.80 2.31 2.64 3.49 4.91
Fund with Sales Charge (%) (POP) 2.79 1.01 1.86 3.10 4.77
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 5.46

After-Tax Average Annual Total Returns [further-information] As of 11/30/2019

Month EndAs of 11/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.46 3.29 2.51 3.62
Fund without Sales Charge (%) (NAV) After Shares Sold 5.07 3.27 2.70 3.65
Fund with Sales Charge (%) (POP) Before Shares Sold 2.47 1.98 1.73 3.23
Fund with Sales Charge (%) (POP) After Shares Sold 2.66 2.25 2.08 3.32
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.80 2.31 2.64 3.49
Fund without Sales Charge (%) (NAV) After Shares Sold 5.28 2.51 2.81 3.54
Fund with Sales Charge (%) (POP) Before Shares Sold 2.79 1.01 1.86 3.10
Fund with Sales Charge (%) (POP) After Shares Sold 2.86 1.50 2.19 3.21

Calendar Year Returns

2018
Fund without Sales Charge (%) (NAV) 1.01
Fund with Sales Charge (%) (POP) -3.28
Bloomberg Barclays Municipal Bond Index (%) 1.28

Cumulative Total Returns [further-information] As of 11/30/2019

Month EndAs of 11/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/12/1991
Fund without Sales Charge (%) (NAV) -0.62 5.41 6.46 10.21 13.19 42.72 282.60
Fund with Sales Charge (%) (POP) -4.34 1.46 2.47 6.08 8.94 37.37 268.25
Bloomberg Barclays Municipal Bond Index (%) -0.38 7.21 8.49 15.84 19.17 53.00 344.60
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/12/1991
Fund without Sales Charge (%) (NAV) 1.32 5.34 6.80 7.08 13.92 40.96 282.34
Fund with Sales Charge (%) (POP) -2.48 1.39 2.79 3.07 9.65 35.67 268.00
Bloomberg Barclays Municipal Bond Index (%) 1.58 6.75 8.55 9.88 19.68 50.38 342.70

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 11/30/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 1.80 2.12 3.31
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 2.48 3.03 3.42
Alpha -0.63 -0.21 -0.40
Beta 0.69 0.67 0.92
Sharpe Ratio 0.94 0.71 0.93
Information Ratio -1.88 -0.92 -0.68
Tracking Error 0.92 1.15 1.06
R-Squared 0.92 0.92 0.91

ADDITIONAL RISK STATISTICSAs of 11/30/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.71 0.75 0.99
Beta Bear 0.83 0.63 0.91
Bull Bear Capture Ratio 0.95 1.03 0.94
% of Positive Months 72.22 68.33 69.17
Gains/Losses 3.68 2.54 2.41
Maximum Drawdown
1.01 3.09 8.14

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 0.75%

Volatility Measures [further-information] As of 11/30/2019 Updated Monthly, based on a 3-year period

Beta 0.69
Sharpe Ratio 0.94
Standard Deviation 1.80

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index