Franklin Kentucky Tax-Free Income Fund

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 10/12/1991
Fund without Sales Charge (%) (NAV) 2.59 3.02 2.63 3.37 4.83
Fund with Sales Charge (%) (POP) -1.26 1.72 1.85 2.98 4.69
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.42
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/12/1991
Fund without Sales Charge (%) (NAV) 2.59 3.02 2.63 3.37 4.83
Fund with Sales Charge (%) (POP) -1.26 1.72 1.85 2.98 4.69
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.42

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 2.59 3.02 2.63 3.37
Fund without Sales Charge (%) (NAV) After Shares Sold 2.59 3.02 2.77 3.43
Fund with Sales Charge (%) (POP) Before Shares Sold -1.26 1.72 1.85 2.98
Fund with Sales Charge (%) (POP) After Shares Sold 0.28 2.00 2.15 3.10
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.59 3.02 2.63 3.37
Fund without Sales Charge (%) (NAV) After Shares Sold 2.59 3.02 2.77 3.43
Fund with Sales Charge (%) (POP) Before Shares Sold -1.26 1.72 1.85 2.98
Fund with Sales Charge (%) (POP) After Shares Sold 0.28 2.00 2.15 3.10

Calendar Year Returns

2019 2018
Fund without Sales Charge (%) (NAV) 5.55 1.01
Fund with Sales Charge (%) (POP) 1.59 -2.78
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28

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 10/12/1991
Fund without Sales Charge (%) (NAV) 0.91 1.06 2.59 9.34 13.87 39.36 287.14
Fund with Sales Charge (%) (POP) -2.88 -2.73 -1.26 5.24 9.60 34.13 272.62
Bloomberg Barclays Municipal Bond Index (%) 2.72 2.08 4.45 13.20 21.26 51.12 355.22
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/12/1991
Fund without Sales Charge (%) (NAV) 0.91 1.06 2.59 9.34 13.87 39.36 287.14
Fund with Sales Charge (%) (POP) -2.88 -2.73 -1.26 5.24 9.60 34.13 272.62
Bloomberg Barclays Municipal Bond Index (%) 2.72 2.08 4.45 13.20 21.26 51.12 355.22

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.04 2.76 3.56
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.88 3.75 3.81
Alpha -0.56 -0.46 -0.43
Beta 0.76 0.71 0.89
Sharpe Ratio 0.46 0.55 0.78
Information Ratio -1.07 -0.99 -0.72
Tracking Error 1.11 1.31 1.16
R-Squared 0.95 0.93 0.91

ADDITIONAL RISK STATISTICSAs of 06/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.77 0.74 0.94
Beta Bear 0.72 0.67 0.84
Bull Bear Capture Ratio 0.93 0.94 0.92
% of Positive Months 72.22 73.33 68.33
Gains/Losses 2.17 2.19 2.13
Maximum Drawdown
4.31 4.31 8.14

SALES CHARGE, EXPENSES & FEES As of 07/01/2020 (updated annually)

Gross Expense Ratio 0.97%
Net Expense Ratio [further-information] 0.97%
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

Beta 0.76
Sharpe Ratio 0.46
Standard Deviation 3.04

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index