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 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) 7.89 4.10 2.78 3.92 5.44
Fund with Sales Charge (%) (POP) 3.89 2.79 1.99 3.52 5.32
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) 6.80 3.72 2.87 3.79 5.40
Fund with Sales Charge (%) (POP) 2.82 2.41 2.09 3.39 5.28
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 7.89 4.10 2.78 3.92
Fund without Sales Charge (%) (NAV) After Shares Sold 5.96 3.89 2.90 3.88
Fund with Sales Charge (%) (POP) Before Shares Sold 3.89 2.79 1.99 3.52
Fund with Sales Charge (%) (POP) After Shares Sold 3.54 2.86 2.28 3.55
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.80 3.72 2.87 3.79
Fund without Sales Charge (%) (NAV) After Shares Sold 5.33 3.61 2.99 3.79
Fund with Sales Charge (%) (POP) Before Shares Sold 2.83 2.42 2.09 3.39
Fund with Sales Charge (%) (POP) After Shares Sold 2.92 2.59 2.37 3.46

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 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) 1.95 1.66 7.89 12.80 14.68 46.87 457.00
Fund with Sales Charge (%) (POP) -1.88 -2.17 3.89 8.60 10.37 41.33 436.25
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) 0.26 6.80 6.80 11.58 15.21 45.09 447.90
Fund with Sales Charge (%) (POP) -3.50 2.82 2.82 7.42 10.90 39.61 427.50
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) 2.35 2.66 3.70
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 2.56 3.03 3.45
Sharpe Ratio 1.04 0.65 0.91
Information Ratio -1.69 -1.09 -0.60
Tracking Error 0.60 0.69 0.92

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

3 YR 5 YR 10 YR
Beta Bull 0.93 0.90 1.06
Beta Bear 0.54 0.80 1.05
Bull Bear Capture Ratio 0.89 0.93 0.88
% of Positive Months 69.44 70.00 68.33
Gains/Losses 3.42 2.25 2.25
Maximum Drawdown
1.38 4.18 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 0.75%

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

Sharpe Ratio 1.04
Standard Deviation 2.35

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index