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) 3.45 1.69 1.10 1.56 2.04
Fund with Sales Charge (%) (POP) 1.12 0.92 0.64 1.33 1.90
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) 3.45 1.69 1.10 1.56 2.04
Fund with Sales Charge (%) (POP) 1.12 0.92 0.64 1.33 1.90
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
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 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) 0.36 3.45 3.45 5.14 5.63 16.76 39.03
Fund with Sales Charge (%) (POP) -1.90 1.12 1.12 2.78 3.25 14.13 35.90
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) 0.36 3.45 3.45 5.14 5.63 16.76 39.03
Fund with Sales Charge (%) (POP) -1.90 1.12 1.12 2.78 3.25 14.13 35.90
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) 1.04 0.95 1.13
Standard Deviation (Bloomberg Barclays Municipal Short 1-5 Years Index) 1.23 1.29 1.16
Alpha -0.47 -0.33 -0.04
Beta 0.75 0.64 0.86
Sharpe Ratio 0.05 0.07 0.90
Information Ratio -1.30 -0.95 -0.39
Tracking Error 0.50 0.59 0.54
R-Squared 0.84 0.82 0.79

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

3 YR 5 YR 10 YR
Beta Bull 0.62 0.61 1.04
Beta Bear 0.73 0.54 0.61
Bull Bear Capture Ratio 0.88 0.94 1.00
% of Positive Months 69.44 61.67 64.17
Gains/Losses 3.13 2.33 2.82
Maximum Drawdown
0.90 0.90 1.26

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 0.75%

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

Beta 0.75
Sharpe Ratio 0.05
Standard Deviation 1.04

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