Franklin Louisiana 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) 1.64 2.61 2.37 3.35 5.29
Fund with Sales Charge (%) (POP) -2.15 1.32 1.59 2.96 5.17
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) 4.66 3.59 2.75 3.70 5.38
Fund with Sales Charge (%) (POP) 0.74 2.29 1.97 3.30 5.26
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 1.64 2.61 2.37 3.35
Fund without Sales Charge (%) (NAV) After Shares Sold 2.15 2.74 2.60 3.44
Fund with Sales Charge (%) (POP) Before Shares Sold -2.15 1.32 1.59 2.96
Fund with Sales Charge (%) (POP) After Shares Sold -0.14 1.74 1.98 3.11
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.66 3.59 2.75 3.70
Fund without Sales Charge (%) (NAV) After Shares Sold 4.00 3.49 2.88 3.71
Fund with Sales Charge (%) (POP) Before Shares Sold 0.74 2.29 1.97 3.30
Fund with Sales Charge (%) (POP) After Shares Sold 1.63 2.47 2.26 3.38

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 6.80 1.13 3.31 0.64 2.60 9.69 -5.35 7.08 12.00 1.14
Fund with Sales Charge (%) (POP) 2.82 -2.64 -1.06 -3.66 -1.73 5.01 -9.34 2.50 7.26 -3.18
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) -3.29 -1.69 1.64 8.04 12.42 39.03 438.65
Fund with Sales Charge (%) (POP) -6.88 -5.39 -2.15 4.02 8.19 33.83 418.59
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) 0.59 0.59 4.66 11.16 14.50 43.76 451.13
Fund with Sales Charge (%) (POP) -3.20 -3.20 0.74 7.02 10.23 38.36 430.61
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) 3.24 3.10 3.89
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.59 3.53 3.70
Sharpe Ratio 0.29 0.41 0.71
Information Ratio -0.61 -0.67 -0.52
Tracking Error 1.08 0.98 1.03

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

3 YR 5 YR 10 YR
Beta Bull 0.94 0.91 1.06
Beta Bear 0.65 0.74 0.91
Bull Bear Capture Ratio 0.92 0.93 0.89
% of Positive Months 66.67 70.00 66.67
Gains/Losses 1.82 1.84 1.94
Maximum Drawdown
4.66 4.66 8.42

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

Gross Expense Ratio 0.73%
Net Expense Ratio [further-information] 0.73%
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 0.29
Standard Deviation 3.24

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index