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 03/31/2020

Month EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/07/1983
Fund without Sales Charge (%) (NAV) 3.66 3.17 2.50 3.98 6.22
Fund with Sales Charge (%) (POP) -0.22 1.85 1.72 3.59 6.11
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/07/1983
Fund without Sales Charge (%) (NAV) 3.66 3.17 2.50 3.98 6.22
Fund with Sales Charge (%) (POP) -0.22 1.85 1.72 3.59 6.11

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 3.66 3.17 2.50 3.98
Fund without Sales Charge (%) (NAV) After Shares Sold 3.51 3.26 2.76 3.99
Fund with Sales Charge (%) (POP) Before Shares Sold -0.22 1.85 1.72 3.59
Fund with Sales Charge (%) (POP) After Shares Sold 1.16 2.23 2.14 3.66
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.66 3.17 2.50 3.98
Fund without Sales Charge (%) (NAV) After Shares Sold 3.51 3.26 2.76 3.99
Fund with Sales Charge (%) (POP) Before Shares Sold -0.22 1.85 1.72 3.59
Fund with Sales Charge (%) (POP) After Shares Sold 1.16 2.23 2.14 3.66

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 03/31/2020

Month EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/07/1983
Fund without Sales Charge (%) (NAV) -0.44 -0.44 3.66 9.80 13.15 47.79 805.02
Fund with Sales Charge (%) (POP) -4.19 -4.19 -0.22 5.67 8.90 42.24 771.27
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/07/1983
Fund without Sales Charge (%) (NAV) -0.44 -0.44 3.66 9.80 13.15 47.79 805.02
Fund with Sales Charge (%) (POP) -4.19 -4.19 -0.22 5.67 8.90 42.24 771.27

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 03/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.35 3.13 3.96
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.48 3.48 3.68
Sharpe Ratio 0.44 0.45 0.86
Information Ratio -1.22 -0.89 -0.16
Tracking Error 0.65 0.77 0.90

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 03/31/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.44
Standard Deviation 3.35

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index