Franklin Kentucky Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 07/31/2020

Month EndAs of 07/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/12/1991
Fund without Sales Charge (%) (NAV) 3.93 3.60 3.11 3.52 4.91
Fund with Sales Charge (%) (POP) 3.93 3.60 3.11 3.52 4.91
Bloomberg Barclays Municipal Bond Index (%) 5.36 4.52 4.13 4.26 5.46
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/12/1991
Fund without Sales Charge (%) (NAV) 2.75 3.16 2.75 3.43 4.86
Fund with Sales Charge (%) (POP) 2.75 3.16 2.75 3.43 4.86
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.42

After-Tax Average Annual Total Returns [further-information] As of 07/31/2020

Month EndAs of 07/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.93 3.60 3.11 3.52
Fund without Sales Charge (%) (NAV) After Shares Sold 3.48 3.50 3.15 3.55
Fund with Sales Charge (%) (POP) Before Shares Sold 3.93 3.60 3.11 3.52
Fund with Sales Charge (%) (POP) After Shares Sold 3.48 3.50 3.15 3.55
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.75 3.15 2.75 3.43
Fund without Sales Charge (%) (NAV) After Shares Sold 2.80 3.16 2.89 3.48
Fund with Sales Charge (%) (POP) Before Shares Sold 2.75 3.15 2.75 3.43
Fund with Sales Charge (%) (POP) After Shares Sold 2.80 3.16 2.89 3.48

Calendar Year Returns

2019 2018 2017 2016
Fund without Sales Charge (%) (NAV) 5.81 1.07 3.21 1.16
Fund with Sales Charge (%) (POP) 5.81 1.07 3.21 1.16
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45 0.25

Cumulative Total Returns [further-information] As of 07/31/2020

Month EndAs of 07/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/12/1991
Fund without Sales Charge (%) (NAV) 4.55 2.80 3.93 11.20 16.52 41.37 297.45
Fund with Sales Charge (%) (POP) 4.55 2.80 3.93 11.20 16.52 41.37 297.45
Bloomberg Barclays Municipal Bond Index (%) 5.78 3.80 5.36 14.18 22.42 51.77 362.89
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/12/1991
Fund without Sales Charge (%) (NAV) 0.97 1.09 2.75 9.77 14.53 40.10 290.83
Fund with Sales Charge (%) (POP) 0.97 1.09 2.75 9.77 14.53 40.10 290.83
Bloomberg Barclays Municipal Bond Index (%) 2.72 2.08 4.45 13.20 21.26 51.12 355.22

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 07/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.18 2.86 3.60
Standard Deviation (--) 3.94 3.80 3.82
Sharpe Ratio 0.63 0.70 0.82
Information Ratio -0.87 -0.82 -0.64
Tracking Error 1.05 1.24 1.14

ADDITIONAL RISK STATISTICSAs of 07/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.82 0.78 0.96
Beta Bear 0.70 0.66 0.84
Bull Bear Capture Ratio 0.98 1.00 0.93
% of Positive Months 72.22 76.67 69.17
Gains/Losses 2.36 2.39 2.17
Maximum Drawdown
4.27 4.27 8.15

SALES CHARGE, EXPENSES & FEES As of 07/01/2020 (updated annually)

Gross Expense Ratio 0.72%
Net Expense Ratio [further-information] 0.72%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 07/31/2020 Updated Monthly, based on a 3-year period

Beta 0.79
Sharpe Ratio 0.63
Standard Deviation 3.18

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index