Franklin Alabama 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 01/31/2020

Month EndAs of 01/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 7.45 3.61 2.55 3.83 5.34
Fund with Sales Charge (%) (POP) 3.43 2.31 1.77 3.44 5.22
Bloomberg Barclays Municipal Bond Index (%) 8.65 5.12 3.53 4.47 5.95
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 6.43 3.29 2.59 3.70 5.31
Fund with Sales Charge (%) (POP) 2.45 1.99 1.81 3.31 5.18
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.91

After-Tax Average Annual Total Returns [further-information] As of 01/31/2020

Month EndAs of 01/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.45 3.61 2.55 3.83
Fund without Sales Charge (%) (NAV) After Shares Sold 5.69 3.50 2.71 3.80
Fund with Sales Charge (%) (POP) Before Shares Sold 3.44 2.32 1.77 3.43
Fund with Sales Charge (%) (POP) After Shares Sold 3.27 2.49 2.09 3.48
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.43 3.29 2.59 3.70
Fund without Sales Charge (%) (NAV) After Shares Sold 5.10 3.26 2.75 3.71
Fund with Sales Charge (%) (POP) Before Shares Sold 2.45 1.99 1.81 3.31
Fund with Sales Charge (%) (POP) After Shares Sold 2.69 2.25 2.14 3.38

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 6.43 0.55 2.97 1.88 1.22 10.56 -4.87 7.50 12.21 -0.27
Fund with Sales Charge (%) (POP) 2.45 -3.21 -1.38 -2.44 -3.05 5.89 -8.93 2.93 7.48 -4.54
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 01/31/2020

Month EndAs of 01/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 1.97 1.50 7.45 11.24 13.43 45.62 440.29
Fund with Sales Charge (%) (POP) -1.82 -2.28 3.43 7.11 9.15 40.21 420.16
Bloomberg Barclays Municipal Bond Index (%) 2.36 1.80 8.65 16.15 18.96 54.89 552.04
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 0.62 6.43 6.43 10.21 13.65 43.81 432.32
Fund with Sales Charge (%) (POP) -3.11 2.45 2.45 6.10 9.40 38.48 412.50
Bloomberg Barclays Municipal Bond Index (%) 0.74 7.54 7.54 14.85 18.93 52.95 540.53

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 01/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.17 2.40 3.60
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 2.56 3.03 3.45
Sharpe Ratio 0.90 0.62 0.91
Information Ratio -2.09 -0.90 -0.51
Tracking Error 0.72 1.09 1.25

ADDITIONAL RISK STATISTICSAs of 01/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.81 0.75 0.99
Beta Bear 0.62 0.63 0.94
Bull Bear Capture Ratio 0.83 0.92 0.89
% of Positive Months 72.22 71.67 71.67
Gains/Losses 3.14 2.19 2.25
Maximum Drawdown
1.45 3.36 7.95

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

Gross Expense Ratio 0.76%
Net Expense Ratio [further-information] 0.76%
Max Initial Sales Charge 3.75%
CDSC 0.75%

Volatility Measures [further-information] As of 01/31/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.90
Standard Deviation 2.17

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index