Franklin High Yield 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 03/18/1986
Fund without Sales Charge (%) (NAV) -1.38 1.92 2.30 4.00 5.80
Fund with Sales Charge (%) (POP) -5.06 0.63 1.52 3.61 5.69
Bloomberg Barclays Municipal Bond Index (%) 2.16 3.27 3.04 3.89 5.81
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/18/1986
Fund without Sales Charge (%) (NAV) 1.20 2.84 2.55 4.36 5.88
Fund with Sales Charge (%) (POP) -2.57 1.54 1.76 3.96 5.76
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.86

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 -1.38 1.92 2.29 4.00
Fund without Sales Charge (%) (NAV) After Shares Sold 0.82 2.52 2.79 4.16
Fund with Sales Charge (%) (POP) Before Shares Sold -5.06 0.63 1.52 3.61
Fund with Sales Charge (%) (POP) After Shares Sold -1.42 1.52 2.18 3.83
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.20 2.84 2.55 4.36
Fund without Sales Charge (%) (NAV) After Shares Sold 2.49 3.22 2.97 4.44
Fund with Sales Charge (%) (POP) Before Shares Sold -2.57 1.54 1.76 3.96
Fund with Sales Charge (%) (POP) After Shares Sold 0.19 2.20 2.34 4.11

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 7.64 1.94 3.78 1.15 3.18 13.87 -6.73 11.08 12.36 2.81
Fund with Sales Charge (%) (POP) 3.65 -1.84 -0.61 -3.18 -1.19 9.07 -10.73 6.32 7.57 -1.57
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 03/18/1986
Fund without Sales Charge (%) (NAV) -6.64 -4.96 -1.38 5.88 12.02 48.01 585.62
Fund with Sales Charge (%) (POP) -10.12 -8.55 -5.06 1.91 7.83 42.50 559.89
Bloomberg Barclays Municipal Bond Index (%) -3.61 -1.88 2.16 10.14 16.14 46.44 586.23
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/18/1986
Fund without Sales Charge (%) (NAV) -3.10 -3.10 1.20 8.78 13.43 53.21 599.01
Fund with Sales Charge (%) (POP) -6.77 -6.77 -2.57 4.68 9.14 47.45 572.77
Bloomberg Barclays Municipal Bond Index (%) -0.63 -0.63 3.85 12.35 17.00 50.11 594.95

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 4.71 4.41 4.96
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.59 3.53 3.70
Sharpe Ratio 0.05 0.27 0.69
Information Ratio -0.75 -0.47 0.07
Tracking Error 1.79 1.56 1.79

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 04/30/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.05
Standard Deviation 4.71

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index