Franklin Oregon 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) 2.07 2.55 2.43 3.16 5.15
Fund with Sales Charge (%) (POP) -1.78 1.26 1.66 2.77 5.02
Bloomberg Barclays Municipal Bond Index (%) 2.16 3.27 3.04 3.89 5.79
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 4.26 3.33 2.64 3.46 5.21
Fund with Sales Charge (%) (POP) 0.32 2.02 1.85 3.06 5.09
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 2.07 2.55 2.43 3.16
Fund without Sales Charge (%) (NAV) After Shares Sold 2.35 2.68 2.62 3.26
Fund with Sales Charge (%) (POP) Before Shares Sold -1.78 1.26 1.66 2.77
Fund with Sales Charge (%) (POP) After Shares Sold 0.03 1.67 2.01 2.94
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.26 3.33 2.64 3.46
Fund without Sales Charge (%) (NAV) After Shares Sold 3.69 3.27 2.77 3.50
Fund with Sales Charge (%) (POP) Before Shares Sold 0.32 2.02 1.85 3.06
Fund with Sales Charge (%) (POP) After Shares Sold 1.32 2.25 2.15 3.17

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 6.26 0.72 3.74 0.99 2.32 9.78 -6.27 6.88 11.01 1.19
Fund with Sales Charge (%) (POP) 2.28 -3.04 -0.65 -3.34 -2.01 5.15 -10.26 2.34 6.28 -3.08
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) -3.11 -1.40 2.07 7.86 12.77 36.50 415.18
Fund with Sales Charge (%) (POP) -6.73 -5.06 -1.78 3.83 8.56 31.43 395.64
Bloomberg Barclays Municipal Bond Index (%) -3.61 -1.88 2.16 10.14 16.14 46.44 528.50
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) 0.29 0.29 4.26 10.31 13.91 40.48 424.01
Fund with Sales Charge (%) (POP) -3.43 -3.43 0.32 6.18 9.61 35.23 404.14
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 04/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.14 3.07 3.91
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.59 3.53 3.70
Sharpe Ratio 0.28 0.43 0.66
Information Ratio -0.88 -0.75 -0.75
Tracking Error 0.81 0.80 0.97

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

3 YR 5 YR 10 YR
Beta Bull 0.93 0.92 1.08
Beta Bear 0.77 0.80 0.93
Bull Bear Capture Ratio 0.93 0.95 0.86
% of Positive Months 66.67 70.00 65.83
Gains/Losses 1.85 1.88 1.87
Maximum Drawdown
4.42 4.42 9.55

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 0.28
Standard Deviation 3.14

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index