Franklin Federal Limited-Term Tax-Free Income Fund

Average Annual Total Returns [further-information] As of —

Month EndAs of — 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/02/2003
Fund without Sales Charge (%) (NAV)
Fund with Sales Charge (%) (POP)
Quarter EndAs of — 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/02/2003
Fund without Sales Charge (%) (NAV)
Fund with Sales Charge (%) (POP)

After-Tax Average Annual Total Returns [further-information] As of 12/31/2020

No chart available for this data.
Month EndAs of 12/31/2020 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 12/31/2020 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

Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or a loss when you sell your shares.
2020 2019 2018
Fund without Sales Charge (%) (NAV) 2.75 3.45 1.26
Fund with Sales Charge (%) (POP) 0.44 1.12 -1.02
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 2.83 3.66 1.77

Cumulative Total Returns [further-information] As of 12/31/2020

Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or a loss when you sell your shares.
Month EndAs of 12/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/02/2003
Fund without Sales Charge (%) (NAV) 0.71 2.75 2.75 7.62 8.08 16.85 42.85
Fund with Sales Charge (%) (POP) -1.55 0.44 0.44 5.20 5.65 14.22 39.63
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 0.33 2.83 2.83 8.47 10.30 20.38 53.91
Quarter EndAs of 12/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/02/2003
Fund without Sales Charge (%) (NAV) 0.71 2.75 2.75 7.62 8.08 16.85 42.85
Fund with Sales Charge (%) (POP) -1.55 0.44 0.44 5.20 5.65 14.22 39.63
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 0.33 2.83 2.83 8.47 10.30 20.38 53.91

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 12/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 1.58 1.36 1.19
Standard Deviation (Bloomberg Barclays Municipal Short 1-5 Years Index) 1.66 1.65 1.33
Alpha -0.16 -0.21 -0.08
Beta 0.92 0.77 0.83
Sharpe Ratio 0.64 0.33 0.83
Information Ratio -0.63 -0.66 -0.60
Tracking Error 0.42 0.62 0.50
R-Squared 0.94 0.87 0.86

ADDITIONAL RISK STATISTICSAs of 12/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.86 0.80 0.88
Beta Bear 0.97 0.74 0.74
Bull Bear Capture Ratio 0.93 1.03 0.99
% of Positive Months 72.22 65.00 65.00
Gains/Losses 3.54 2.59 2.88
Maximum Drawdown
1.37 1.37 1.37

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

Gross Expense Ratio 0.81%
Net Expense Ratio [further-information] 0.65%
Max Initial Sales Charge 2.25%
CDSC 1.00%

Volatility Measures [further-information] As of 12/31/2020 Updated Monthly, based on a 3-year period

Beta 0.92
Sharpe Ratio 0.64
Standard Deviation 1.58

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