Franklin Federal Tax-Free Income Fund

New investors must invest in new Class A shares. This A1 share class is available only for existing investors as of 9/7/18.

New investors must invest in new Class A shares. This A1 share class is available only for existing investors as of 9/7/18.

Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/07/1983
Fund without Sales Charge (%) (NAV) 3.88 3.52 3.19 4.03 6.24
Fund with Sales Charge (%) (POP) -0.05 2.21 2.40 3.63 6.13
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 6.58
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/07/1983
Fund without Sales Charge (%) (NAV) 3.88 3.52 3.19 4.03 6.24
Fund with Sales Charge (%) (POP) -0.05 2.21 2.40 3.63 6.13
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 6.58

After-Tax Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.88 3.52 3.19 4.03
Fund without Sales Charge (%) (NAV) After Shares Sold 3.57 3.51 3.28 4.01
Fund with Sales Charge (%) (POP) Before Shares Sold -0.05 2.21 2.40 3.63
Fund with Sales Charge (%) (POP) After Shares Sold 1.19 2.48 2.66 3.68
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.88 3.52 3.19 4.03
Fund without Sales Charge (%) (NAV) After Shares Sold 3.57 3.51 3.28 4.01
Fund with Sales Charge (%) (POP) Before Shares Sold -0.05 2.21 2.40 3.63
Fund with Sales Charge (%) (POP) After Shares Sold 1.19 2.48 2.66 3.68

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 6.85 0.61 3.61 0.70 2.44 11.21 -4.46 9.03 12.12 0.86
Fund with Sales Charge (%) (POP) 2.87 -3.19 -0.77 -3.59 -1.94 6.49 -8.54 4.40 7.40 -3.41
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45 0.25 3.30 9.05 -2.55 6.78 10.70 2.38

Cumulative Total Returns [further-information] As of 06/30/2020

Month EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/07/1983
Fund without Sales Charge (%) (NAV) 2.20 1.75 3.88 10.95 16.98 48.43 824.91
Fund with Sales Charge (%) (POP) -1.62 -2.08 -0.05 6.78 12.59 42.89 790.42
Bloomberg Barclays Municipal Bond Index (%) 2.72 2.08 4.45 13.20 21.26 51.12 938.23
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/07/1983
Fund without Sales Charge (%) (NAV) 2.20 1.75 3.88 10.95 16.98 48.43 824.91
Fund with Sales Charge (%) (POP) -1.62 -2.08 -0.05 6.78 12.59 42.89 790.42
Bloomberg Barclays Municipal Bond Index (%) 2.72 2.08 4.45 13.20 21.26 51.12 938.23

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 06/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.96 3.52 4.12
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.88 3.75 3.81
Sharpe Ratio 0.48 0.59 0.84
Information Ratio -1.08 -0.90 -0.19
Tracking Error 0.64 0.82 0.93

SALES CHARGE, EXPENSES & FEES As of 09/01/2019 (updated annually)

Gross Expense Ratio 0.63%
Net Expense Ratio [further-information] 0.63%
Max Initial Sales Charge 3.75%
CDSC 1.00%

Volatility Measures [further-information] As of 06/30/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.48
Standard Deviation 3.96

Benchmarks

A benchmark is a comparable broad-based index that can be used to evaluate a fund's performance.

  • Bloomberg Barclays Municipal Bond Index