Franklin Kentucky Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 07/31/2020

Month EndAs of 07/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/12/1991
Fund without Sales Charge (%) (NAV) 3.97 3.64 3.13 3.54 4.91
Fund with Sales Charge (%) (POP) 3.97 3.64 3.13 3.54 4.91
Bloomberg Barclays Municipal Bond Index (%) 5.36 4.52 4.13 4.26 5.46
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/12/1991
Fund without Sales Charge (%) (NAV) 2.79 3.19 2.77 3.45 4.86
Fund with Sales Charge (%) (POP) 2.79 3.19 2.77 3.45 4.86
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.42

After-Tax Average Annual Total Returns [further-information] As of 07/31/2020

Month EndAs of 07/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.97 3.64 3.13 3.54
Fund without Sales Charge (%) (NAV) After Shares Sold 3.51 3.53 3.17 3.57
Fund with Sales Charge (%) (POP) Before Shares Sold 3.97 3.64 3.13 3.54
Fund with Sales Charge (%) (POP) After Shares Sold 3.51 3.53 3.17 3.57
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.79 3.19 2.77 3.45
Fund without Sales Charge (%) (NAV) After Shares Sold 2.83 3.20 2.90 3.50
Fund with Sales Charge (%) (POP) Before Shares Sold 2.79 3.19 2.77 3.45
Fund with Sales Charge (%) (POP) After Shares Sold 2.83 3.20 2.90 3.50

Calendar Year Returns

2019 2018 2017
Fund without Sales Charge (%) (NAV) 5.85 1.19 3.13
Fund with Sales Charge (%) (POP) 5.85 1.19 3.13
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45

Cumulative Total Returns [further-information] As of 07/31/2020

Month EndAs of 07/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/12/1991
Fund without Sales Charge (%) (NAV) 4.56 2.82 3.97 11.31 16.64 41.63 297.88
Fund with Sales Charge (%) (POP) 4.56 2.82 3.97 11.31 16.64 41.63 297.88
Bloomberg Barclays Municipal Bond Index (%) 5.78 3.80 5.36 14.18 22.42 51.77 362.89
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/12/1991
Fund without Sales Charge (%) (NAV) 0.89 1.11 2.79 9.87 14.63 40.36 291.23
Fund with Sales Charge (%) (POP) 0.89 1.11 2.79 9.87 14.63 40.36 291.23
Bloomberg Barclays Municipal Bond Index (%) 2.72 2.08 4.45 13.20 21.26 51.12 355.22

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 07/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.16 2.84 3.59
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.94 3.80 3.82
Alpha -0.23 -0.19 -0.34
Beta 0.78 0.72 0.90
Sharpe Ratio 0.64 0.70 0.82
Information Ratio -0.78 -0.80 -0.64
Tracking Error 1.12 1.29 1.16
R-Squared 0.95 0.93 0.91

ADDITIONAL RISK STATISTICSAs of 07/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.83 0.78 0.96
Beta Bear 0.69 0.66 0.83
Bull Bear Capture Ratio 1.00 1.01 0.94
% of Positive Months 72.22 75.00 68.33
Gains/Losses 2.43 2.41 2.18
Maximum Drawdown
4.26 4.26 8.15

SALES CHARGE, EXPENSES & FEES As of 07/01/2020 (updated annually)

Gross Expense Ratio 0.71%
Net Expense Ratio [further-information] 0.68%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 07/31/2020 Updated Monthly, based on a 3-year period

Beta 0.78
Sharpe Ratio 0.64
Standard Deviation 3.16

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index