Franklin Ohio 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 04/30/2020

Month EndAs of 04/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 04/03/1985
Fund without Sales Charge (%) (NAV) 3.48 3.36 3.05 3.71 5.68
Fund with Sales Charge (%) (POP) -0.38 2.06 2.26 3.31 5.57
Bloomberg Barclays Municipal Bond Index (%) 2.16 3.27 3.04 3.89 6.36
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 04/03/1985
Fund without Sales Charge (%) (NAV) 4.85 3.92 3.09 3.89 5.72
Fund with Sales Charge (%) (POP) 0.94 2.60 2.31 3.49 5.61
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 6.41

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 3.48 3.36 3.05 3.71
Fund without Sales Charge (%) (NAV) After Shares Sold 3.24 3.28 3.07 3.67
Fund with Sales Charge (%) (POP) Before Shares Sold -0.38 2.06 2.26 3.31
Fund with Sales Charge (%) (POP) After Shares Sold 0.91 2.26 2.44 3.34
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.85 3.92 3.09 3.89
Fund without Sales Charge (%) (NAV) After Shares Sold 4.08 3.71 3.10 3.81
Fund with Sales Charge (%) (POP) Before Shares Sold 0.94 2.60 2.31 3.50
Fund with Sales Charge (%) (POP) After Shares Sold 1.71 2.68 2.48 3.49

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 6.80 0.66 4.65 0.94 3.31 10.24 -4.42 7.45 10.78 -0.46
Fund with Sales Charge (%) (POP) 2.83 -3.15 0.17 -3.36 -1.07 5.54 -8.47 2.90 6.06 -4.66
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45 0.25 3.30 9.05 -2.55 6.78 10.70 2.38

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 04/03/1985
Fund without Sales Charge (%) (NAV) -1.80 -0.27 3.48 10.44 16.18 43.89 594.80
Fund with Sales Charge (%) (POP) -5.49 -4.00 -0.38 6.30 11.81 38.46 568.72
Bloomberg Barclays Municipal Bond Index (%) -3.61 -1.88 2.16 10.14 16.14 46.44 768.64
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 0.68 0.68 4.85 12.22 16.45 46.43 601.39
Fund with Sales Charge (%) (POP) -3.09 -3.09 0.94 8.00 12.11 40.99 575.07
Bloomberg Barclays Municipal Bond Index (%) -0.63 -0.63 3.85 12.35 17.00 50.11 779.68

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 04/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.94 2.90 3.89
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.59 3.53 3.70
Sharpe Ratio 0.57 0.67 0.80
Information Ratio 0.10 0.02 -0.17
Tracking Error 0.96 0.91 1.04

ADDITIONAL RISK STATISTICSAs of 04/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.94 0.95 1.13
Beta Bear 0.56 0.67 0.84
Bull Bear Capture Ratio 1.12 1.12 0.95
% of Positive Months 69.44 71.67 70.00
Gains/Losses 2.24 2.22 2.08
Maximum Drawdown
3.11 3.99 8.66

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

Gross Expense Ratio 0.65%
Net Expense Ratio [further-information] 0.65%
Max Initial Sales Charge 3.75%
CDSC 1.00%

Volatility Measures [further-information] As of 04/30/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.57
Standard Deviation 2.94

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index