Franklin Kentucky 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 10/12/1991
Fund without Sales Charge (%) (NAV) 1.58 2.44 2.14 3.25 4.79
Fund with Sales Charge (%) (POP) 1.58 2.44 2.14 3.25 4.79
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/12/1991
Fund without Sales Charge (%) (NAV) 3.78 3.17 2.45 3.55 4.88
Fund with Sales Charge (%) (POP) 3.78 3.17 2.45 3.55 4.88
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.37

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 1.58 2.44 2.14 3.25
Fund without Sales Charge (%) (NAV) After Shares Sold 2.14 2.64 2.44 3.36
Fund with Sales Charge (%) (POP) Before Shares Sold 1.58 2.44 2.14 3.25
Fund with Sales Charge (%) (POP) After Shares Sold 2.14 2.64 2.44 3.36
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.78 3.17 2.45 3.55
Fund without Sales Charge (%) (NAV) After Shares Sold 3.52 3.20 2.67 3.59
Fund with Sales Charge (%) (POP) Before Shares Sold 3.78 3.17 2.45 3.55
Fund with Sales Charge (%) (POP) After Shares Sold 3.52 3.20 2.67 3.59

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 04/30/2020

Month EndAs of 04/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/12/1991
Fund without Sales Charge (%) (NAV) -3.12 -1.66 1.58 7.51 11.19 37.68 280.52
Fund with Sales Charge (%) (POP) -3.12 -1.66 1.58 7.51 11.19 37.68 280.52
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/12/1991
Fund without Sales Charge (%) (NAV) 0.22 0.22 3.78 9.80 12.88 41.68 287.79
Fund with Sales Charge (%) (POP) 0.22 0.22 3.78 9.80 12.88 41.68 287.79
Bloomberg Barclays Municipal Bond Index (%) -0.63 -0.63 3.85 12.35 17.00 50.11 343.15

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 05/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.05 2.77 3.57
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.89 3.75 3.80
Alpha -0.34 -0.38 -0.35
Beta 0.76 0.71 0.89
Sharpe Ratio 0.42 0.53 0.79
Information Ratio -0.75 -0.88 -0.64
Tracking Error 1.14 1.32 1.17
R-Squared 0.95 0.93 0.91

ADDITIONAL RISK STATISTICSAs of 05/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.80 0.76 0.95
Beta Bear 0.71 0.65 0.83
Bull Bear Capture Ratio 0.98 0.95 0.93
Gains/Losses 2.14 2.16 2.14

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 05/31/2020 Updated Monthly, based on a 3-year period

Beta 0.76
Sharpe Ratio 0.42
Standard Deviation 3.05

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index