Franklin Massachusetts Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 04/03/1985
Fund without Sales Charge (%) (NAV) 4.39 3.57 2.96 3.77 5.52
Fund with Sales Charge (%) (POP) 4.39 3.57 2.96 3.77 5.52
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 6.41
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 04/03/1985
Fund without Sales Charge (%) (NAV) 4.39 3.57 2.96 3.77 5.52
Fund with Sales Charge (%) (POP) 4.39 3.57 2.96 3.77 5.52
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 6.41

After-Tax Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.39 3.57 2.96 3.76
Fund without Sales Charge (%) (NAV) After Shares Sold 3.84 3.46 3.02 3.73
Fund with Sales Charge (%) (POP) Before Shares Sold 4.39 3.57 2.96 3.76
Fund with Sales Charge (%) (POP) After Shares Sold 3.84 3.46 3.02 3.73
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.39 3.57 2.96 3.76
Fund without Sales Charge (%) (NAV) After Shares Sold 3.84 3.46 3.02 3.73
Fund with Sales Charge (%) (POP) Before Shares Sold 4.39 3.57 2.96 3.76
Fund with Sales Charge (%) (POP) After Shares Sold 3.84 3.46 3.02 3.73

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 7.00 -0.09 4.73 1.13 2.85 11.47 -5.29 7.30 11.26 -0.55
Fund with Sales Charge (%) (POP) 7.00 -0.09 4.73 1.13 2.85 11.47 -5.29 7.30 11.26 -0.55
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45 0.25 3.30 9.05 -2.55 6.78 10.70 2.38

Cumulative Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 0.15 0.15 4.39 11.10 15.72 44.73 555.69
Fund with Sales Charge (%) (POP) 0.15 0.15 4.39 11.10 15.72 44.73 555.69
Bloomberg Barclays Municipal Bond Index (%) -0.63 -0.63 3.85 12.35 17.00 50.11 779.68
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 0.15 0.15 4.39 11.10 15.72 44.73 555.69
Fund with Sales Charge (%) (POP) 0.15 0.15 4.39 11.10 15.72 44.73 555.69
Bloomberg Barclays Municipal Bond Index (%) -0.63 -0.63 3.85 12.35 17.00 50.11 779.68

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 03/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.44 3.22 4.19
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.48 3.48 3.68
Sharpe Ratio 0.54 0.58 0.76
Information Ratio -0.59 -0.28 -0.32
Tracking Error 0.64 0.80 1.16

ADDITIONAL RISK STATISTICSAs of 03/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 1.11 1.06 1.16
Beta Bear 0.87 0.78 0.98
Bull Bear Capture Ratio 0.95 1.00 0.88
% of Positive Months 63.89 68.33 67.50
Gains/Losses 2.20 2.06 2.01
Maximum Drawdown
3.21 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 03/31/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.54
Standard Deviation 3.44

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index