Franklin Kentucky 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 10/12/1991
Fund without Sales Charge (%) (NAV) 5.55 3.17 2.44 3.58 4.87
Fund with Sales Charge (%) (POP) 1.59 1.87 1.66 3.18 4.73
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.44
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/12/1991
Fund without Sales Charge (%) (NAV) 5.55 3.17 2.44 3.58 4.87
Fund with Sales Charge (%) (POP) 1.59 1.87 1.66 3.18 4.73
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.44

After-Tax 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
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.55 3.17 2.44 3.58
Fund without Sales Charge (%) (NAV) After Shares Sold 4.52 3.17 2.64 3.61
Fund with Sales Charge (%) (POP) Before Shares Sold 1.59 1.87 1.66 3.19
Fund with Sales Charge (%) (POP) After Shares Sold 2.13 2.15 2.02 3.28
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.55 3.17 2.44 3.58
Fund without Sales Charge (%) (NAV) After Shares Sold 4.52 3.17 2.64 3.61
Fund with Sales Charge (%) (POP) Before Shares Sold 1.59 1.87 1.66 3.19
Fund with Sales Charge (%) (POP) After Shares Sold 2.13 2.15 2.02 3.28

Calendar Year Returns

2019 2018
Fund without Sales Charge (%) (NAV) 5.55 1.01
Fund with Sales Charge (%) (POP) 1.59 -3.28
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28

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 10/12/1991
Fund without Sales Charge (%) (NAV) 0.20 5.55 5.55 9.83 12.79 42.15 283.09
Fund with Sales Charge (%) (POP) -3.56 1.59 1.59 5.71 8.56 36.82 268.73
Bloomberg Barclays Municipal Bond Index (%) 0.74 7.54 7.54 14.85 18.93 52.95 345.96
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/12/1991
Fund without Sales Charge (%) (NAV) 0.20 5.55 5.55 9.83 12.79 42.15 283.09
Fund with Sales Charge (%) (POP) -3.56 1.59 1.59 5.71 8.56 36.82 268.73
Bloomberg Barclays Municipal Bond Index (%) 0.74 7.54 7.54 14.85 18.93 52.95 345.96

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 1.80 2.12 3.31
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 2.44 3.03 3.42
Alpha -0.60 -0.26 -0.44
Beta 0.70 0.67 0.92
Sharpe Ratio 0.86 0.66 0.92
Information Ratio -1.80 -0.95 -0.72
Tracking Error 0.86 1.15 1.05
R-Squared 0.93 0.92 0.91

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

3 YR 5 YR 10 YR
Beta Bull 0.74 0.75 0.99
Beta Bear 0.83 0.63 0.91
Bull Bear Capture Ratio 0.97 1.02 0.93
% of Positive Months 72.22 68.33 69.17
Gains/Losses 3.58 2.50 2.39
Maximum Drawdown
1.01 3.09 8.14

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

Gross Expense Ratio 0.96%
Net Expense Ratio [further-information] 0.96%
Max Initial Sales Charge 3.75%
CDSC 0.75%

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

Beta 0.70
Sharpe Ratio 0.86
Standard Deviation 1.80

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index