Franklin Federal Limited-Term Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/02/2003
Fund without Sales Charge (%) (NAV) 3.70 1.91 1.32 1.72 2.14
Fund with Sales Charge (%) (POP) 3.70 1.91 1.32 1.72 2.14
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 3.66 2.34 1.66 1.78 2.50
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/02/2003
Fund without Sales Charge (%) (NAV) 3.70 1.91 1.32 1.72 2.14
Fund with Sales Charge (%) (POP) 3.70 1.91 1.32 1.72 2.14
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 3.66 2.34 1.66 1.78 2.50

After-Tax Average Annual Total Returns [further-information] As of 12/31/2019

No chart available for this data.
Month EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold
Fund without Sales Charge (%) (NAV) After Shares Sold
Fund with Sales Charge (%) (POP) Before Shares Sold
Fund with Sales Charge (%) (POP) After Shares Sold
No chart available for this data.
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold
Fund without Sales Charge (%) (NAV) After Shares Sold
Fund with Sales Charge (%) (POP) Before Shares Sold
Fund with Sales Charge (%) (POP) After Shares Sold

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 12/31/2019

Month EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/02/2003
Fund without Sales Charge (%) (NAV) 0.42 3.70 3.70 5.85 6.78 18.56 41.33
Fund with Sales Charge (%) (POP) 0.42 3.70 3.70 5.85 6.78 18.56 41.33
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 0.84 3.66 3.66 7.19 8.56 19.26 49.68
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/02/2003
Fund without Sales Charge (%) (NAV) 0.42 3.70 3.70 5.85 6.78 18.56 41.33
Fund with Sales Charge (%) (POP) 0.42 3.70 3.70 5.85 6.78 18.56 41.33
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 0.84 3.66 3.66 7.19 8.56 19.26 49.68

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 1.02 0.92
Standard Deviation (Bloomberg Barclays Municipal Short 1-5 Years Index) 1.23 1.29 1.16
Sharpe Ratio 0.28 0.31
Information Ratio -0.76 -0.54
Tracking Error 0.56 0.62

ADDITIONAL RISK STATISTICSAs of 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.56 0.58
Beta Bear 0.58 0.52
Bull Bear Capture Ratio 1.05 1.18
% of Positive Months 69.44 60.00
Gains/Losses 3.78 2.96
Maximum Drawdown
0.75 0.75

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

Gross Expense Ratio 0.58%
Net Expense Ratio [further-information] 0.40%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 12/31/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.28
Standard Deviation 1.02

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