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 04/30/2020

Month EndAs of 04/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/12/1991
Fund without Sales Charge (%) (NAV) 1.45 2.31 2.06 3.19 4.78
Fund with Sales Charge (%) (POP) -2.34 1.01 1.29 2.80 4.64
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/12/1991
Fund without Sales Charge (%) (NAV) 3.54 3.04 2.35 3.48 4.86
Fund with Sales Charge (%) (POP) -0.31 1.73 1.56 3.09 4.72
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.37

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 1.44 2.31 2.06 3.19
Fund without Sales Charge (%) (NAV) After Shares Sold 2.00 2.52 2.35 3.30
Fund with Sales Charge (%) (POP) Before Shares Sold -2.34 1.01 1.29 2.80
Fund with Sales Charge (%) (POP) After Shares Sold -0.28 1.50 1.74 2.97
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.54 3.04 2.35 3.48
Fund without Sales Charge (%) (NAV) After Shares Sold 3.32 3.07 2.57 3.53
Fund with Sales Charge (%) (POP) Before Shares Sold -0.31 1.73 1.56 3.09
Fund with Sales Charge (%) (POP) After Shares Sold 1.00 2.05 1.95 3.20

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 5.61 1.06 3.02 1.13 1.56 10.24 -5.14 7.89 10.08 1.42
Fund with Sales Charge (%) (POP) 1.63 -2.76 -1.38 -3.17 -2.75 5.56 -9.20 3.27 5.40 -2.87
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 10/12/1991
Fund without Sales Charge (%) (NAV) -3.15 -1.62 1.45 7.10 10.71 36.94 278.83
Fund with Sales Charge (%) (POP) -6.76 -5.33 -2.34 3.06 6.60 31.75 264.61
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/12/1991
Fund without Sales Charge (%) (NAV) 0.18 0.18 3.54 9.39 12.30 40.81 285.76
Fund with Sales Charge (%) (POP) -3.60 -3.60 -0.31 5.27 8.06 35.56 271.28
Bloomberg Barclays Municipal Bond Index (%) -0.63 -0.63 3.85 12.35 17.00 50.11 343.15

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 05/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.05 2.77 3.57
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.89 3.75 3.80
Sharpe Ratio 0.38 0.51 0.78
Information Ratio -0.88 -0.94 -0.67
Tracking Error 1.11 1.31 1.16

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

3 YR 5 YR 10 YR
Beta Bull 0.79 0.75 0.94
Beta Bear 0.73 0.67 0.84
Bull Bear Capture Ratio 0.96 0.94 0.93
Gains/Losses 2.08 2.12 2.13

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 1.00%

Volatility Measures [further-information] As of 05/31/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.38
Standard Deviation 3.05

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index