Franklin High Yield Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 01/31/2020

Month EndAs of 01/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/18/1986
Fund without Sales Charge (%) (NAV) 9.14 4.97 3.55 5.15 6.11
Fund with Sales Charge (%) (POP) 9.14 4.97 3.55 5.15 6.11
Bloomberg Barclays Municipal Bond Index (%) 8.65 5.12 3.53 4.47 5.97
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/18/1986
Fund without Sales Charge (%) (NAV) 7.83 4.54 3.62 5.06 6.07
Fund with Sales Charge (%) (POP) 7.83 4.54 3.62 5.06 6.07
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.93

After-Tax Average Annual Total Returns [further-information] As of 01/31/2020

Month EndAs of 01/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 9.14 4.97 3.55 5.15
Fund without Sales Charge (%) (NAV) After Shares Sold 7.30 4.85 3.73 5.07
Fund with Sales Charge (%) (POP) Before Shares Sold 9.14 4.97 3.55 5.15
Fund with Sales Charge (%) (POP) After Shares Sold 7.30 4.85 3.73 5.07
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.83 4.54 3.62 5.06
Fund without Sales Charge (%) (NAV) After Shares Sold 6.55 4.54 3.80 5.01
Fund with Sales Charge (%) (POP) Before Shares Sold 7.83 4.54 3.62 5.06
Fund with Sales Charge (%) (POP) After Shares Sold 6.55 4.54 3.80 5.01

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 7.83 2.03 3.86 1.14 3.37 14.04 -6.71 11.26 12.55 2.90
Fund with Sales Charge (%) (POP) 7.83 2.03 3.86 1.14 3.37 14.04 -6.71 11.26 12.55 2.90
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 01/31/2020

Month EndAs of 01/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/18/1986
Fund without Sales Charge (%) (NAV) 2.26 1.80 9.14 15.65 19.06 65.18 644.81
Fund with Sales Charge (%) (POP) 2.26 1.80 9.14 15.65 19.06 65.18 644.81
Bloomberg Barclays Municipal Bond Index (%) 2.36 1.80 8.65 16.15 18.96 54.89 611.92
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/18/1986
Fund without Sales Charge (%) (NAV) 0.31 7.83 7.83 14.26 19.46 63.78 631.64
Fund with Sales Charge (%) (POP) 0.31 7.83 7.83 14.26 19.46 63.78 631.64
Bloomberg Barclays Municipal Bond Index (%) 0.74 7.54 7.54 14.85 18.93 52.95 599.36

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 01/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.39 3.16 4.46
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 2.56 3.03 3.45
Sharpe Ratio 1.39 0.79 1.03
Information Ratio -0.15 0.02 0.43
Tracking Error 0.93 1.00 1.59

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

Gross Expense Ratio 0.56%
Net Expense Ratio [further-information] 0.56%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 01/31/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 1.39
Standard Deviation 2.39

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index