Franklin Connecticut 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 10/03/1988
Fund without Sales Charge (%) (NAV) 1.13 1.78 1.79 2.58 4.72
Fund with Sales Charge (%) (POP) -2.64 0.50 1.00 2.18 4.59
Bloomberg Barclays Municipal Bond Index (%) 2.16 3.27 3.04 3.89 5.70
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/03/1988
Fund without Sales Charge (%) (NAV) 2.90 2.34 1.92 2.86 4.78
Fund with Sales Charge (%) (POP) -0.93 1.06 1.15 2.47 4.65
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.76

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 1.13 1.78 1.79 2.58
Fund without Sales Charge (%) (NAV) After Shares Sold 1.89 2.12 2.15 2.82
Fund with Sales Charge (%) (POP) Before Shares Sold -2.63 0.50 1.00 2.18
Fund with Sales Charge (%) (POP) After Shares Sold -0.38 1.13 1.54 2.49
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.90 2.34 1.92 2.86
Fund without Sales Charge (%) (NAV) After Shares Sold 3.03 2.56 2.25 3.03
Fund with Sales Charge (%) (POP) Before Shares Sold -0.93 1.06 1.15 2.47
Fund with Sales Charge (%) (POP) After Shares Sold 0.72 1.55 1.64 2.71

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 5.14 0.88 1.94 1.13 1.07 9.49 -6.11 6.28 10.31 1.33
Fund with Sales Charge (%) (POP) 1.19 -2.91 -2.39 -3.15 -3.19 4.83 -10.13 1.80 5.60 -2.97
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 10/03/1988
Fund without Sales Charge (%) (NAV) -3.02 -1.83 1.13 5.42 9.25 28.99 328.73
Fund with Sales Charge (%) (POP) -6.65 -5.54 -2.64 1.50 5.12 24.13 312.64
Bloomberg Barclays Municipal Bond Index (%) -3.61 -1.88 2.16 10.14 16.14 46.44 475.90
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/03/1988
Fund without Sales Charge (%) (NAV) -0.38 -0.38 2.90 7.19 9.98 32.56 335.06
Fund with Sales Charge (%) (POP) -4.14 -4.14 -0.93 3.21 5.87 27.63 318.73
Bloomberg Barclays Municipal Bond Index (%) -0.63 -0.63 3.85 12.35 17.00 50.11 483.22

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.63 2.65 3.70
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.59 3.53 3.70
Sharpe Ratio 0.04 0.26 0.54
Information Ratio -1.21 -0.92 -1.02
Tracking Error 1.24 1.35 1.28

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

3 YR 5 YR 10 YR
Beta Bull 0.60 0.63 0.97
Beta Bear 0.76 0.72 0.88
Bull Bear Capture Ratio 0.84 0.87 0.80
% of Positive Months 69.44 71.67 66.67
Gains/Losses 1.69 1.71 1.73
Maximum Drawdown
4.16 4.16 9.15

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

Gross Expense Ratio 0.77%
Net Expense Ratio [further-information] 0.77%
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 0.04
Standard Deviation 2.63

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index