Franklin Massachusetts Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 04/03/1985
Fund without Sales Charge (%) (NAV) 3.94 3.60 3.56 3.77 5.53
Fund with Sales Charge (%) (POP) 3.94 3.60 3.56 3.77 5.53
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 6.45
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 04/03/1985
Fund without Sales Charge (%) (NAV) 3.94 3.60 3.56 3.77 5.53
Fund with Sales Charge (%) (POP) 3.94 3.60 3.56 3.77 5.53
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 6.45

After-Tax Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.94 3.60 3.56 3.77
Fund without Sales Charge (%) (NAV) After Shares Sold 3.48 3.46 3.48 3.72
Fund with Sales Charge (%) (POP) Before Shares Sold 3.94 3.60 3.56 3.77
Fund with Sales Charge (%) (POP) After Shares Sold 3.48 3.46 3.48 3.72
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.94 3.60 3.56 3.77
Fund without Sales Charge (%) (NAV) After Shares Sold 3.48 3.46 3.48 3.72
Fund with Sales Charge (%) (POP) Before Shares Sold 3.94 3.60 3.56 3.77
Fund with Sales Charge (%) (POP) After Shares Sold 3.48 3.46 3.48 3.72

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 06/30/2020

Month EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 1.77 1.93 3.94 11.18 19.13 44.77 567.29
Fund with Sales Charge (%) (POP) 1.77 1.93 3.94 11.18 19.13 44.77 567.29
Bloomberg Barclays Municipal Bond Index (%) 2.72 2.08 4.45 13.20 21.26 51.12 803.64
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 1.77 1.93 3.94 11.18 19.13 44.77 567.29
Fund with Sales Charge (%) (POP) 1.77 1.93 3.94 11.18 19.13 44.77 567.29
Bloomberg Barclays Municipal Bond Index (%) 2.72 2.08 4.45 13.20 21.26 51.12 803.64

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 06/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.88 3.51 4.31
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.88 3.75 3.81
Sharpe Ratio 0.51 0.70 0.74
Information Ratio -0.88 -0.45 -0.38
Tracking Error 0.70 0.82 1.17

ADDITIONAL RISK STATISTICSAs of 06/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 1.06 1.02 1.13
Beta Bear 0.86 0.78 0.98
Bull Bear Capture Ratio 0.90 0.98 0.87
% of Positive Months 63.89 71.67 66.67
Gains/Losses 2.05 2.23 1.97
Maximum Drawdown
4.72 4.72 9.89

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

Gross Expense Ratio 0.62%
Net Expense Ratio [further-information] 0.62%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 06/30/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.51
Standard Deviation 3.88

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index