Franklin High Yield 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 03/18/1986
Fund without Sales Charge (%) (NAV) -1.26 2.05 2.41 4.11 5.85
Fund with Sales Charge (%) (POP) -1.26 2.05 2.41 4.11 5.85
Bloomberg Barclays Municipal Bond Index (%) 2.16 3.27 3.04 3.89 5.81
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/18/1986
Fund without Sales Charge (%) (NAV) 1.31 2.94 2.64 4.46 5.92
Fund with Sales Charge (%) (POP) 1.31 2.94 2.64 4.46 5.92
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.86

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 -1.26 2.05 2.41 4.11
Fund without Sales Charge (%) (NAV) After Shares Sold 0.94 2.64 2.90 4.27
Fund with Sales Charge (%) (POP) Before Shares Sold -1.26 2.05 2.41 4.11
Fund with Sales Charge (%) (POP) After Shares Sold 0.94 2.64 2.90 4.27
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.31 2.94 2.64 4.46
Fund without Sales Charge (%) (NAV) After Shares Sold 2.60 3.31 3.06 4.54
Fund with Sales Charge (%) (POP) Before Shares Sold 1.31 2.94 2.64 4.46
Fund with Sales Charge (%) (POP) After Shares Sold 2.60 3.31 3.06 4.54

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 04/30/2020

Month EndAs of 04/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/18/1986
Fund without Sales Charge (%) (NAV) -6.58 -4.90 -1.26 6.29 12.63 49.56 595.82
Fund with Sales Charge (%) (POP) -6.58 -4.90 -1.26 6.29 12.63 49.56 595.82
Bloomberg Barclays Municipal Bond Index (%) -3.61 -1.88 2.16 10.14 16.14 46.44 586.23
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/18/1986
Fund without Sales Charge (%) (NAV) -3.16 -3.16 1.31 9.07 13.93 54.63 608.55
Fund with Sales Charge (%) (POP) -3.16 -3.16 1.31 9.07 13.93 54.63 608.55
Bloomberg Barclays Municipal Bond Index (%) -0.63 -0.63 3.85 12.35 17.00 50.11 594.95

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 04/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 4.70 4.40 4.98
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.59 3.53 3.70
Sharpe Ratio 0.08 0.30 0.71
Information Ratio -0.67 -0.39 0.13
Tracking Error 1.81 1.58 1.81

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 04/30/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.08
Standard Deviation 4.70

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index