Franklin Kentucky Tax-Free Income Fund

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) 6.72 3.46 2.62 3.67 4.92
Fund with Sales Charge (%) (POP) 6.72 3.46 2.62 3.67 4.92
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) 6.97 2.43 2.72 3.53 4.94
Fund with Sales Charge (%) (POP) 6.97 2.43 2.72 3.53 4.94
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 6.72 3.46 2.62 3.67
Fund without Sales Charge (%) (NAV) After Shares Sold 5.33 3.44 2.80 3.69
Fund with Sales Charge (%) (POP) Before Shares Sold 6.72 3.46 2.62 3.67
Fund with Sales Charge (%) (POP) After Shares Sold 5.33 3.44 2.80 3.69
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.97 2.43 2.72 3.53
Fund without Sales Charge (%) (NAV) After Shares Sold 5.49 2.64 2.89 3.58
Fund with Sales Charge (%) (POP) Before Shares Sold 6.97 2.43 2.72 3.53
Fund with Sales Charge (%) (POP) After Shares Sold 5.49 2.64 2.89 3.58

Calendar Year Returns

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

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) -0.46 5.65 6.72 10.75 13.78 43.39 286.04
Fund with Sales Charge (%) (POP) -0.46 5.65 6.72 10.75 13.78 43.39 286.04
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) 1.29 5.44 6.97 7.48 14.37 41.44 285.27
Fund with Sales Charge (%) (POP) 1.29 5.44 6.97 7.48 14.37 41.44 285.27
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) 1.86
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 2.48 3.03 3.42
Sharpe Ratio 1.01
Information Ratio -1.81
Tracking Error 0.86

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

3 YR 5 YR 10 YR
Beta Bull 0.73
Beta Bear 0.78
Bull Bear Capture Ratio 0.96
% of Positive Months 75.00
Gains/Losses 3.71
Maximum Drawdown
1.08

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 11/30/2019 Updated Monthly, based on a 3-year period

Beta 0.71
Sharpe Ratio 1.01
Standard Deviation 1.86

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index