Franklin Arizona 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 09/01/1987
Fund without Sales Charge (%) (NAV) 1.42 2.58 2.34 3.55 5.27
Fund with Sales Charge (%) (POP) -2.41 1.28 1.57 3.15 5.14
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.55 3.35 2.56 3.82 5.33
Fund with Sales Charge (%) (POP) -0.36 2.03 1.77 3.43 5.21
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.85

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 1.42 2.58 2.34 3.55
Fund without Sales Charge (%) (NAV) After Shares Sold 2.03 2.75 2.58 3.62
Fund with Sales Charge (%) (POP) Before Shares Sold -2.40 1.28 1.56 3.15
Fund with Sales Charge (%) (POP) After Shares Sold -0.28 1.73 1.97 3.29
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.55 3.35 2.56 3.82
Fund without Sales Charge (%) (NAV) After Shares Sold 3.34 3.33 2.74 3.83
Fund with Sales Charge (%) (POP) Before Shares Sold -0.36 2.03 1.77 3.43
Fund with Sales Charge (%) (POP) After Shares Sold 0.97 2.30 2.12 3.50

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 7.01 0.72 4.06 1.00 1.86 11.08 -4.98 8.83 10.81 0.82
Fund with Sales Charge (%) (POP) 3.00 -3.05 -0.40 -3.30 -2.49 6.32 -9.02 4.19 6.10 -3.49
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 09/01/1987
Fund without Sales Charge (%) (NAV) -4.04 -2.32 1.42 7.95 12.26 41.72 434.64
Fund with Sales Charge (%) (POP) -7.63 -6.03 -2.41 3.90 8.08 36.42 414.74
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) -0.71 -0.71 3.55 10.38 13.45 45.52 443.49
Fund with Sales Charge (%) (POP) -4.47 -4.47 -0.36 6.22 9.17 40.05 423.26
Bloomberg Barclays Municipal Bond Index (%) -0.63 -0.63 3.85 12.35 17.00 50.11 536.49

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.90 3.54 4.20
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.89 3.75 3.80
Sharpe Ratio 0.41 0.52 0.76
Information Ratio -1.05 -0.94 -0.33
Tracking Error 0.51 0.84 1.10

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

3 YR 5 YR 10 YR
Beta Bull 0.99 0.94 1.09
Beta Bear 1.10 0.91 1.06
Bull Bear Capture Ratio 0.93 0.90 0.91
Gains/Losses 1.98 2.00 2.03

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

Gross Expense Ratio 0.66%
Net Expense Ratio [further-information] 0.66%
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

Sharpe Ratio 0.41
Standard Deviation 3.90

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index