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) 6.76 3.49 2.63 3.69 4.92
Fund with Sales Charge (%) (POP) 6.76 3.49 2.63 3.69 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) 7.01 2.46 2.73 3.55 4.94
Fund with Sales Charge (%) (POP) 7.01 2.46 2.73 3.55 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 6.76 3.49 2.63 3.69
Fund without Sales Charge (%) (NAV) After Shares Sold 5.37 3.46 2.82 3.71
Fund with Sales Charge (%) (POP) Before Shares Sold 6.76 3.49 2.63 3.69
Fund with Sales Charge (%) (POP) After Shares Sold 5.37 3.46 2.82 3.71
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.01 2.46 2.73 3.55
Fund without Sales Charge (%) (NAV) After Shares Sold 5.53 2.67 2.91 3.59
Fund with Sales Charge (%) (POP) Before Shares Sold 7.01 2.46 2.73 3.55
Fund with Sales Charge (%) (POP) After Shares Sold 5.53 2.67 2.91 3.59

Calendar Year Returns

2018 2017
Fund without Sales Charge (%) (NAV) 1.19 3.13
Fund with Sales Charge (%) (POP) 1.19 3.13
Bloomberg Barclays Municipal Bond Index (%) 1.28 5.45

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 5.69 6.76 10.83 13.86 43.65 286.35
Fund with Sales Charge (%) (POP) -0.46 5.69 6.76 10.83 13.86 43.65 286.35
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) 1.30 5.47 7.01 7.55 14.44 41.68 285.56
Fund with Sales Charge (%) (POP) 1.30 5.47 7.01 7.55 14.44 41.68 285.56
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) 1.82 2.14 3.31
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 2.48 3.03 3.42
Alpha -0.51 -0.13 -0.37
Beta 0.69 0.67 0.92
Sharpe Ratio 1.01 0.74 0.94
Information Ratio -1.73 -0.85 -0.64
Tracking Error 0.92 1.15 1.06
R-Squared 0.91 0.92 0.90

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

3 YR 5 YR 10 YR
Beta Bull 0.73 0.76 0.99
Beta Bear 0.81 0.63 0.91
Bull Bear Capture Ratio 1.01 1.06 0.95
% of Positive Months 72.22 68.33 69.17
Gains/Losses 3.87 2.62 2.43
Maximum Drawdown
0.99 3.09 8.15

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

Gross Expense Ratio 0.70%
Net Expense Ratio [further-information] 0.67%
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 0.69
Sharpe Ratio 1.01
Standard Deviation 1.82

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index