Franklin Louisiana 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 09/01/1987
Fund without Sales Charge (%) (NAV) 7.82 4.06 3.01 3.89 5.42
Fund with Sales Charge (%) (POP) 7.82 4.06 3.01 3.89 5.42
Bloomberg Barclays Municipal Bond Index (%) 8.49 5.03 3.57 4.34 5.92
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 8.18 2.69 3.24 3.74 5.45
Fund with Sales Charge (%) (POP) 8.18 2.69 3.24 3.74 5.45
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 5.94

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 7.81 4.06 3.01 3.89
Fund without Sales Charge (%) (NAV) After Shares Sold 5.98 3.89 3.11 3.88
Fund with Sales Charge (%) (POP) Before Shares Sold 7.81 4.06 3.01 3.89
Fund with Sales Charge (%) (POP) After Shares Sold 5.98 3.89 3.11 3.88
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 8.18 2.69 3.24 3.74
Fund without Sales Charge (%) (NAV) After Shares Sold 6.22 2.83 3.30 3.75
Fund with Sales Charge (%) (POP) Before Shares Sold 8.18 2.69 3.24 3.74
Fund with Sales Charge (%) (POP) After Shares Sold 6.22 2.83 3.30 3.75

Calendar Year Returns

2018 2017 2016
Fund without Sales Charge (%) (NAV) 1.23 3.50 0.67
Fund with Sales Charge (%) (POP) 1.23 3.50 0.67
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 09/01/1987
Fund without Sales Charge (%) (NAV) -0.51 6.63 7.82 12.67 15.96 46.48 448.74
Fund with Sales Charge (%) (POP) -0.51 6.63 7.82 12.67 15.96 46.48 448.74
Bloomberg Barclays Municipal Bond Index (%) -0.38 7.21 8.49 15.84 19.17 53.00 538.58
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 1.65 6.60 8.18 8.30 17.27 44.30 448.56
Fund with Sales Charge (%) (POP) 1.65 6.60 8.18 8.30 17.27 44.30 448.56
Bloomberg Barclays Municipal Bond Index (%) 1.58 6.75 8.55 9.88 19.68 50.38 535.85

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.17
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 2.48 3.03 3.42
Sharpe Ratio 1.13
Information Ratio -1.58
Tracking Error 0.61

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

3 YR 5 YR 10 YR
Beta Bull 0.88
Beta Bear 0.64
Bull Bear Capture Ratio 0.94
Gains/Losses 3.56

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

Gross Expense Ratio 0.63%
Net Expense Ratio [further-information] 0.63%
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 0.85
Sharpe Ratio 1.13
Standard Deviation 2.17

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index