Franklin Massachusetts Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 04/03/1985
Fund without Sales Charge (%) (NAV) 8.30 2.78 3.48 3.75 5.59
Fund with Sales Charge (%) (POP) 8.30 2.78 3.48 3.75 5.59
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 04/03/1985
Fund without Sales Charge (%) (NAV) 8.30 2.78 3.48 3.75 5.59
Fund with Sales Charge (%) (POP) 8.30 2.78 3.48 3.75 5.59
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 6.50

After-Tax Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 8.30 2.78 3.48 3.75
Fund without Sales Charge (%) (NAV) After Shares Sold 6.25 2.86 3.44 3.72
Fund with Sales Charge (%) (POP) Before Shares Sold 8.30 2.78 3.48 3.75
Fund with Sales Charge (%) (POP) After Shares Sold 6.25 2.86 3.44 3.72
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 8.30 2.78 3.48 3.75
Fund without Sales Charge (%) (NAV) After Shares Sold 6.25 2.86 3.44 3.72
Fund with Sales Charge (%) (POP) Before Shares Sold 8.30 2.78 3.48 3.75
Fund with Sales Charge (%) (POP) After Shares Sold 6.25 2.86 3.44 3.72

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) -0.09 4.73 1.13 2.85 11.47 -5.29 7.30 11.26 -0.55 13.98
Fund with Sales Charge (%) (POP) -0.09 4.73 1.13 2.85 11.47 -5.29 7.30 11.26 -0.55 13.98
Bloomberg Barclays Municipal Bond Index (%) 1.28 5.45 0.25 3.30 9.05 -2.55 6.78 10.70 2.38 12.91

Cumulative Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 1.68 6.70 8.30 8.58 18.65 44.51 552.82
Fund with Sales Charge (%) (POP) 1.68 6.70 8.30 8.58 18.65 44.51 552.82
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 1.68 6.70 8.30 8.58 18.65 44.51 552.82
Fund with Sales Charge (%) (POP) 1.68 6.70 8.30 8.58 18.65 44.51 552.82
Bloomberg Barclays Municipal Bond Index (%) 1.58 6.75 8.55 9.88 19.68 50.38 778.79

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.08 2.84 3.99
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.42 3.03 3.42
Sharpe Ratio 0.48 0.81 0.86
Information Ratio -0.66 -0.34 -0.39
Tracking Error 0.89 0.80 1.18

ADDITIONAL RISK STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 1.03 1.00 1.15
Beta Bear 0.70 0.72 1.07
Bull Bear Capture Ratio 0.94 0.98 0.85
% of Positive Months 63.89 68.33 68.33
Gains/Losses 2.07 2.35 2.15
Maximum Drawdown
2.36 3.89 9.89

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

Gross Expense Ratio 0.61%
Net Expense Ratio [further-information] 0.61%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 10/31/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.48
Standard Deviation 3.08

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index