Franklin Kentucky 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 10/12/1991
Fund without Sales Charge (%) (NAV) 6.52 3.33 2.53 3.63 4.90
Fund with Sales Charge (%) (POP) 2.57 2.02 1.75 3.23 4.76
Bloomberg Barclays Municipal Bond Index (%) 8.49 5.03 3.57 4.34 5.45
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/12/1991
Fund without Sales Charge (%) (NAV) 6.86 2.34 2.66 3.50 4.93
Fund with Sales Charge (%) (POP) 2.90 1.05 1.87 3.10 4.79
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 5.46

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 6.52 3.33 2.53 3.63
Fund without Sales Charge (%) (NAV) After Shares Sold 5.17 3.32 2.73 3.65
Fund with Sales Charge (%) (POP) Before Shares Sold 2.57 2.01 1.75 3.23
Fund with Sales Charge (%) (POP) After Shares Sold 2.78 2.29 2.10 3.33
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.87 2.34 2.66 3.50
Fund without Sales Charge (%) (NAV) After Shares Sold 5.39 2.55 2.83 3.55
Fund with Sales Charge (%) (POP) Before Shares Sold 2.90 1.05 1.87 3.10
Fund with Sales Charge (%) (POP) After Shares Sold 2.99 1.54 2.21 3.22

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 1.06 3.02 1.13 1.56 10.24 -5.14 7.89 10.08 1.42 14.47
Fund with Sales Charge (%) (POP) -3.27 -1.38 -3.17 -2.75 5.56 -9.20 3.27 5.40 -2.87 9.59
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 10/12/1991
Fund without Sales Charge (%) (NAV) -0.58 5.46 6.52 10.33 13.33 42.82 284.50
Fund with Sales Charge (%) (POP) -4.28 1.48 2.57 6.17 9.05 37.47 270.07
Bloomberg Barclays Municipal Bond Index (%) -0.38 7.21 8.49 15.84 19.17 53.00 344.60
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/12/1991
Fund without Sales Charge (%) (NAV) 1.36 5.37 6.86 7.17 14.04 41.03 284.15
Fund with Sales Charge (%) (POP) -2.47 1.39 2.90 3.17 9.73 35.73 269.73
Bloomberg Barclays Municipal Bond Index (%) 1.58 6.75 8.55 9.88 19.68 50.38 342.70

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 1.82 2.14 3.31
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 2.48 3.03 3.42
Sharpe Ratio 0.96 0.71 0.93
Information Ratio -1.86 -0.90 -0.67
Tracking Error 0.91 1.15 1.06

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

3 YR 5 YR 10 YR
Beta Bull 0.73 0.76 0.99
Beta Bear 0.82 0.63 0.91
Bull Bear Capture Ratio 0.97 1.04 0.94
% of Positive Months 72.22 68.33 69.17
Gains/Losses 3.74 2.57 2.42
Maximum Drawdown
1.01 3.09 8.15

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

Gross Expense Ratio 0.81%
Net Expense Ratio [further-information] 0.81%
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 0.96
Standard Deviation 1.82

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index