Franklin Maryland 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) 0.55 2.07 2.09 2.95 4.98
Fund with Sales Charge (%) (POP) -3.25 0.78 1.32 2.56 4.85
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) 3.29 2.91 2.34 3.30 5.06
Fund with Sales Charge (%) (POP) -0.62 1.61 1.56 2.90 4.93
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 0.55 2.07 2.09 2.95
Fund without Sales Charge (%) (NAV) After Shares Sold 1.48 2.33 2.37 3.09
Fund with Sales Charge (%) (POP) Before Shares Sold -3.25 0.78 1.32 2.56
Fund with Sales Charge (%) (POP) After Shares Sold -0.81 1.32 1.77 2.77
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.29 2.91 2.34 3.30
Fund without Sales Charge (%) (NAV) After Shares Sold 3.19 2.96 2.56 3.37
Fund with Sales Charge (%) (POP) Before Shares Sold -0.62 1.61 1.56 2.90
Fund with Sales Charge (%) (POP) After Shares Sold 0.83 1.95 1.94 3.04

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 6.39 1.21 2.87 1.15 1.06 10.43 -5.88 6.19 10.91 2.08
Fund with Sales Charge (%) (POP) 2.39 -2.62 -1.51 -3.14 -3.21 5.76 -9.88 1.67 6.17 -2.28
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) -4.06 -2.53 0.55 6.34 10.89 33.70 363.41
Fund with Sales Charge (%) (POP) -7.67 -6.17 -3.25 2.36 6.77 28.73 346.01
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) -0.49 -0.49 3.29 8.99 12.27 38.32 373.12
Fund with Sales Charge (%) (POP) -4.21 -4.21 -0.62 4.90 8.05 33.12 355.36
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 05/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.46 3.27 4.05
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.89 3.75 3.80
Sharpe Ratio 0.28 0.42 0.62
Information Ratio -1.28 -1.06 -0.83
Tracking Error 0.93 1.18 1.26

ADDITIONAL RISK STATISTICSAs of 05/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.75 0.70 0.95
Beta Bear 0.87 0.81 0.99
Bull Bear Capture Ratio 0.83 0.83 0.81
Gains/Losses 1.78 1.82 1.80

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 05/31/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.28
Standard Deviation 3.46

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index