Franklin Federal Limited-Term Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 03/31/2020

Month 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
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 03/31/2020

Month 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
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 03/31/2020

Month 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
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 03/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 1.42 1.19 1.20
Standard Deviation (Bloomberg Barclays Municipal Short 1-5 Years Index) 1.52 1.46 1.26
Alpha -0.30 -0.35 -0.07
Beta 0.88 0.73 0.87
Sharpe Ratio -0.16 -0.06 0.75
Information Ratio -0.68 -0.77 -0.41
Tracking Error 0.46 0.59 0.53
R-Squared 0.91 0.85 0.83

ADDITIONAL RISK STATISTICSAs of 03/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.92 0.69 1.04
Beta Bear 0.90 0.73 0.75
Bull Bear Capture Ratio 0.96 0.94 1.00
Gains/Losses 2.20 1.99 2.59

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

Gross Expense Ratio 0.83%
Net Expense Ratio [further-information] 0.65%
Max Initial Sales Charge 2.25%
CDSC 1.00%

Volatility Measures [further-information] As of 03/31/2020 Updated Monthly, based on a 3-year period

Beta 0.88
Sharpe Ratio -0.16
Standard Deviation 1.42

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