Franklin Federal Limited-Term Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/02/2003
Fund without Sales Charge (%) (NAV) 2.74 1.88 1.41 1.54 2.08
Fund with Sales Charge (%) (POP) 0.43 1.11 0.95 1.31 1.94
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 3.21 2.19 1.93 1.81 2.53
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/02/2003
Fund without Sales Charge (%) (NAV) 1.93 1.48 1.03 1.48 2.00
Fund with Sales Charge (%) (POP) -0.36 0.71 0.57 1.25 1.86
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 1.88 1.79 1.49 1.70 2.44

After-Tax Average Annual Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.74 1.88 1.41 1.54
Fund without Sales Charge (%) (NAV) After Shares Sold 2.19 1.74 1.33 1.49
Fund with Sales Charge (%) (POP) Before Shares Sold 0.43 1.11 0.94 1.31
Fund with Sales Charge (%) (POP) After Shares Sold 0.81 1.14 0.98 1.31
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.93 1.48 1.03 1.48
Fund without Sales Charge (%) (NAV) After Shares Sold 1.78 1.43 1.05 1.45
Fund with Sales Charge (%) (POP) Before Shares Sold -0.36 0.71 0.57 1.25
Fund with Sales Charge (%) (POP) After Shares Sold 0.41 0.84 0.69 1.27

Calendar Year Returns

2019 2018
Fund without Sales Charge (%) (NAV) 3.45 1.26
Fund with Sales Charge (%) (POP) 1.12 -1.02
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 3.66 1.77

Cumulative Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/02/2003
Fund without Sales Charge (%) (NAV) 0.23 1.50 2.74 5.76 7.23 16.52 41.11
Fund with Sales Charge (%) (POP) -2.02 -0.79 0.43 3.38 4.82 13.90 37.94
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 0.53 1.57 3.21 6.70 10.05 19.66 52.02
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/02/2003
Fund without Sales Charge (%) (NAV) -0.12 -0.12 1.93 4.51 5.27 15.86 38.86
Fund with Sales Charge (%) (POP) -2.37 -2.37 -0.36 2.16 2.90 13.26 35.73
Bloomberg Barclays Municipal Short 1-5 Years Index (%) -0.41 -0.41 1.88 5.48 7.68 18.35 49.06

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 05/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 1.63 1.34 1.27
Standard Deviation (Bloomberg Barclays Municipal Short 1-5 Years Index) 1.79 1.64 1.37
Alpha -0.23 -0.32 -0.09
Beta 0.87 0.76 0.86
Sharpe Ratio 0.13 0.22 0.75
Information Ratio -0.64 -0.87 -0.51
Tracking Error 0.47 0.61 0.53
R-Squared 0.93 0.88 0.85

ADDITIONAL RISK STATISTICSAs of 05/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.86 0.80 0.93
Beta Bear 0.90 0.73 0.75
Bull Bear Capture Ratio 0.98 0.96 0.98
% of Positive Months 69.44 66.67 64.17
Gains/Losses 2.53 2.41 2.65
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 05/31/2020 Updated Monthly, based on a 3-year period

Beta 0.87
Sharpe Ratio 0.13
Standard Deviation 1.63

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