Franklin Federal Intermediate-Term 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 09/21/1992
Fund without Sales Charge (%) (NAV) 5.65 3.25 2.29 3.54 4.63
Fund with Sales Charge (%) (POP) 5.65 3.25 2.29 3.54 4.63
Linked Bloomberg Barclays 1-15/10 Year Muni Bond Index (%) 7.28 4.33 3.00 3.62 5.00
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/21/1992
Fund without Sales Charge (%) (NAV) 5.90 1.81 2.36 3.38 4.65
Fund with Sales Charge (%) (POP) 5.90 1.81 2.36 3.38 4.65
Linked Bloomberg Barclays 1-15/10 Year Muni Bond Index (%) 7.39 2.74 3.03 3.54 5.01

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 5.65 3.25 2.29 3.54
Fund without Sales Charge (%) (NAV) After Shares Sold 4.54 3.15 2.38 3.43
Fund with Sales Charge (%) (POP) Before Shares Sold 5.65 3.25 2.29 3.54
Fund with Sales Charge (%) (POP) After Shares Sold 4.54 3.15 2.38 3.43
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.90 1.81 2.36 3.38
Fund without Sales Charge (%) (NAV) After Shares Sold 4.71 2.02 2.44 3.31
Fund with Sales Charge (%) (POP) Before Shares Sold 5.90 1.81 2.36 3.38
Fund with Sales Charge (%) (POP) After Shares Sold 4.71 2.02 2.44 3.31

Calendar Year Returns

2018 2017
Fund without Sales Charge (%) (NAV) 0.84 3.54
Fund with Sales Charge (%) (POP) 0.84 3.54
Linked Bloomberg Barclays 1-15/10 Year Muni Bond Index (%) 1.58 4.33

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 09/21/1992
Fund without Sales Charge (%) (NAV) -0.35 4.68 5.65 10.08 11.98 41.57 242.11
Fund with Sales Charge (%) (POP) -0.35 4.68 5.65 10.08 11.98 41.57 242.11
Linked Bloomberg Barclays 1-15/10 Year Muni Bond Index (%) -0.32 6.10 7.28 13.54 15.94 42.74 276.80
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/21/1992
Fund without Sales Charge (%) (NAV) 0.91 4.43 5.90 5.53 12.39 39.48 241.28
Fund with Sales Charge (%) (POP) 0.91 4.43 5.90 5.53 12.39 39.48 241.28
Linked Bloomberg Barclays 1-15/10 Year Muni Bond Index (%) 1.13 5.58 7.39 8.45 16.11 41.58 274.94

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 11/30/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 1.86 2.51 3.32
Standard Deviation (Linked Bloomberg Barclays 1-15/10 Year Muni Bond Index) 2.14 2.60 2.76
Alpha -0.71 -0.68 -0.72
Beta 0.86 0.96 1.18
Sharpe Ratio 0.86 0.48 0.87
Information Ratio -2.92 -1.90 -0.22
Tracking Error 0.38 0.41 0.85
R-Squared 0.98 0.98 0.96

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

3 YR 5 YR 10 YR
Beta Bull 0.84 0.96 1.29
Beta Bear 0.60 0.94 1.03
Bull Bear Capture Ratio 0.82 0.83 0.85
Gains/Losses 3.02 1.99 2.19

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

Gross Expense Ratio 0.49%
Net Expense Ratio [further-information] 0.40%
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 0.86
Sharpe Ratio 0.86
Standard Deviation 1.86

Benchmarks

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

  • Linked Bloomberg Barclays 1-15/10 Year Muni Bond Index