Franklin Federal Limited-Term 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 09/02/2003
Fund without Sales Charge (%) (NAV) 2.78 2.20 1.60 1.71 2.17
Fund with Sales Charge (%) (POP) 2.78 2.20 1.60 1.71 2.17
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 2.96 2.34 1.93 1.81 2.53
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/02/2003
Fund without Sales Charge (%) (NAV) 2.78 2.20 1.60 1.71 2.17
Fund with Sales Charge (%) (POP) 2.78 2.20 1.60 1.71 2.17
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 2.96 2.34 1.93 1.81 2.53

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 2.78 2.20 1.60 1.71
Fund without Sales Charge (%) (NAV) After Shares Sold 2.30 2.03 1.52 1.65
Fund with Sales Charge (%) (POP) Before Shares Sold 2.78 2.20 1.60 1.71
Fund with Sales Charge (%) (POP) After Shares Sold 2.30 2.03 1.52 1.65
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.78 2.20 1.60 1.71
Fund without Sales Charge (%) (NAV) After Shares Sold 2.30 2.03 1.52 1.65
Fund with Sales Charge (%) (POP) Before Shares Sold 2.78 2.20 1.60 1.71
Fund with Sales Charge (%) (POP) After Shares Sold 2.30 2.03 1.52 1.65

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011
Fund without Sales Charge (%) (NAV) 3.70 1.63 0.44 0.20 0.67 1.24 0.52 2.02 4.15
Fund with Sales Charge (%) (POP) 3.70 1.63 0.44 0.20 0.67 1.24 0.52 2.02 4.15
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 3.66 1.77 1.61 0.07 1.21 1.31 1.15 1.73 3.45

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 09/02/2003
Fund without Sales Charge (%) (NAV) 1.67 1.61 2.78 6.74 8.25 18.46 43.61
Fund with Sales Charge (%) (POP) 1.67 1.61 2.78 6.74 8.25 18.46 43.61
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 2.19 1.77 2.96 7.19 10.06 19.62 52.33
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/02/2003
Fund without Sales Charge (%) (NAV) 1.67 1.61 2.78 6.74 8.25 18.46 43.61
Fund with Sales Charge (%) (POP) 1.67 1.61 2.78 6.74 8.25 18.46 43.61
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 2.19 1.77 2.96 7.19 10.06 19.62 52.33

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 1.59 1.32
Standard Deviation (Bloomberg Barclays Municipal Short 1-5 Years Index) 1.77 1.64 1.37
Sharpe Ratio 0.35 0.37
Information Ratio -0.27 -0.53
Tracking Error 0.50 0.64

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

3 YR 5 YR 10 YR
Beta Bull 0.89 0.83
Beta Bear 0.78 0.69
Bull Bear Capture Ratio 1.09 1.14
Gains/Losses 3.07 2.86

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

Gross Expense Ratio 0.56%
Net Expense Ratio [further-information] 0.40%
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 0.35
Standard Deviation 1.59

Benchmarks

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

  • Bloomberg Barclays Municipal Short 1-5 Years Index