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 11/30/2019

Month EndAs of 11/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 7.62 3.92 2.92 3.85 5.41
Fund with Sales Charge (%) (POP) 3.58 2.61 2.14 3.46 5.28
Bloomberg Barclays Municipal Bond Index (%) 8.49 5.03 3.57 4.34 5.92
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 7.98 2.56 3.16 3.70 5.44
Fund with Sales Charge (%) (POP) 3.94 1.26 2.37 3.30 5.31
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 5.94

After-Tax Average Annual Total Returns [further-information] As of 11/30/2019

Month EndAs of 11/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.62 3.92 2.92 3.85
Fund without Sales Charge (%) (NAV) After Shares Sold 5.82 3.77 3.03 3.84
Fund with Sales Charge (%) (POP) Before Shares Sold 3.58 2.61 2.14 3.46
Fund with Sales Charge (%) (POP) After Shares Sold 3.39 2.74 2.41 3.52
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.98 2.56 3.16 3.70
Fund without Sales Charge (%) (NAV) After Shares Sold 6.06 2.71 3.22 3.72
Fund with Sales Charge (%) (POP) Before Shares Sold 3.94 1.27 2.37 3.30
Fund with Sales Charge (%) (POP) After Shares Sold 3.62 1.70 2.60 3.39

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 1.13 3.31 0.64 2.60 9.69 -5.35 7.08 12.00 1.14 16.72
Fund with Sales Charge (%) (POP) -3.15 -1.06 -3.66 -1.73 5.01 -9.34 2.50 7.26 -3.18 11.71
Bloomberg Barclays Municipal Bond Index (%) 1.28 5.45 0.25 3.30 9.05 -2.55 6.78 10.70 2.38 12.91

Cumulative Total Returns [further-information] As of 11/30/2019

Month EndAs of 11/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) -0.63 6.54 7.62 12.24 15.50 45.90 446.56
Fund with Sales Charge (%) (POP) -4.32 2.57 3.58 8.03 11.17 40.49 426.21
Bloomberg Barclays Municipal Bond Index (%) -0.38 7.21 8.49 15.84 19.17 53.00 538.58
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 1.63 6.52 7.98 7.89 16.83 43.75 446.48
Fund with Sales Charge (%) (POP) -2.21 2.56 3.94 3.84 12.42 38.41 426.12
Bloomberg Barclays Municipal Bond Index (%) 1.58 6.75 8.55 9.88 19.68 50.38 535.85

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 11/30/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.24 2.72 3.68
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 2.48 3.03 3.42
Sharpe Ratio 1.04 0.70 0.90
Information Ratio -1.77 -0.90 -0.52
Tracking Error 0.62 0.71 0.93

ADDITIONAL RISK STATISTICSAs of 11/30/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.91 0.96 1.06
Beta Bear 0.54 0.80 1.05
Bull Bear Capture Ratio 0.88 0.95 0.89
Gains/Losses 3.32 2.31 2.23

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 0.75%

Volatility Measures [further-information] As of 11/30/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 1.04
Standard Deviation 2.24

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index