Franklin Kentucky Tax-Free Income Fund

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) 1.55 2.41 2.13 3.23 4.79
Fund with Sales Charge (%) (POP) 1.55 2.41 2.13 3.23 4.79
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/12/1991
Fund without Sales Charge (%) (NAV) 3.64 3.11 2.42 3.52 4.87
Fund with Sales Charge (%) (POP) 3.64 3.11 2.42 3.52 4.87
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 1.55 2.41 2.13 3.23
Fund without Sales Charge (%) (NAV) After Shares Sold 2.10 2.62 2.42 3.34
Fund with Sales Charge (%) (POP) Before Shares Sold 1.55 2.41 2.13 3.23
Fund with Sales Charge (%) (POP) After Shares Sold 2.10 2.62 2.42 3.34
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.65 3.11 2.42 3.52
Fund without Sales Charge (%) (NAV) After Shares Sold 3.43 3.14 2.63 3.56
Fund with Sales Charge (%) (POP) Before Shares Sold 3.65 3.11 2.42 3.52
Fund with Sales Charge (%) (POP) After Shares Sold 3.43 3.14 2.63 3.56

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 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) -3.13 -1.67 1.55 7.41 11.10 37.42 280.15
Fund with Sales Charge (%) (POP) -3.13 -1.67 1.55 7.41 11.10 37.42 280.15
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) 0.12 0.12 3.64 9.61 12.68 41.29 287.08
Fund with Sales Charge (%) (POP) 0.12 0.12 3.64 9.61 12.68 41.29 287.08
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) 3.08 2.78 3.08
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.89 3.75 3.80
Sharpe Ratio 0.41 0.40 0.74
Information Ratio -0.82 -1.10 -0.65
Tracking Error 1.07 1.38 1.99

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

3 YR 5 YR 10 YR
Beta Bull 0.79 0.74 0.77
Beta Bear 0.72 0.66 0.59
Bull Bear Capture Ratio 0.96 0.87 0.97
Gains/Losses 2.09 1.97 2.27

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

Gross Expense Ratio 0.71%
Net Expense Ratio [further-information] 0.71%
Max Initial Sales Charge 0.00%
CDSC

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

Beta 0.77
Sharpe Ratio 0.41
Standard Deviation 3.08

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index