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 07/31/2020

Month EndAs of 07/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 5.24 3.86 3.50 3.52 5.27
Fund with Sales Charge (%) (POP) 1.33 2.55 2.70 3.13 5.15
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 4.51 3.57 3.33 3.47 5.24
Fund with Sales Charge (%) (POP) 0.60 2.26 2.54 3.07 5.12
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.89

After-Tax Average Annual Total Returns [further-information] As of 07/31/2020

Month EndAs of 07/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.24 3.86 3.50 3.53
Fund without Sales Charge (%) (NAV) After Shares Sold 4.17 3.65 3.42 3.53
Fund with Sales Charge (%) (POP) Before Shares Sold 1.33 2.56 2.70 3.13
Fund with Sales Charge (%) (POP) After Shares Sold 1.82 2.63 2.79 3.20
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.51 3.57 3.33 3.47
Fund without Sales Charge (%) (NAV) After Shares Sold 3.76 3.43 3.29 3.49
Fund with Sales Charge (%) (POP) Before Shares Sold 0.60 2.26 2.53 3.07
Fund with Sales Charge (%) (POP) After Shares Sold 1.41 2.42 2.67 3.16

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 07/31/2020

Month EndAs of 07/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 5.29 3.81 5.24 12.03 18.74 41.40 442.41
Fund with Sales Charge (%) (POP) 1.38 -0.04 1.33 7.86 14.27 36.07 421.84
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 2.10 2.39 4.51 11.09 17.78 40.66 434.99
Fund with Sales Charge (%) (POP) -1.71 -1.41 0.60 6.95 13.34 35.33 414.70
Bloomberg Barclays Municipal Bond Index (%) 2.72 2.08 4.45 13.20 21.26 51.12 553.83

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 07/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.61 3.37 4.03
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.94 3.80 3.82
Sharpe Ratio 0.62 0.71 0.73
Information Ratio -0.84 -0.79 -0.75
Tracking Error 0.78 0.79 0.97

ADDITIONAL RISK STATISTICSAs of 07/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 1.01 0.97 1.08
Beta Bear 0.76 0.81 0.93
Bull Bear Capture Ratio 0.96 0.98 0.86
Gains/Losses 2.31 2.31 1.97

SALES CHARGE, EXPENSES & FEES As of 07/01/2020 (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 07/31/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.62
Standard Deviation 3.61

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index