Franklin Kentucky Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 10/31/2019

Month EndAs of 10/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 10/12/1991
Fund without Sales Charge (%) (NAV) 7.39 2.46 2.55 3.64 4.90
Fund with Sales Charge (%) (POP) 3.37 1.17 1.77 3.24 4.76
Bloomberg Barclays Municipal Bond Index (%) 9.42 3.62 3.55 4.40 5.45
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 10/12/1991
Fund without Sales Charge (%) (NAV) 6.80 2.31 2.64 3.49 4.91
Fund with Sales Charge (%) (POP) 2.79 1.01 1.86 3.10 4.77
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 5.46

After-Tax Average Annual Total Returns [further-information] As of 10/31/2019

Month EndAs of 10/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.39 2.46 2.55 3.64
Fund without Sales Charge (%) (NAV) After Shares Sold 5.64 2.63 2.73 3.66
Fund with Sales Charge (%) (POP) Before Shares Sold 3.37 1.16 1.77 3.24
Fund with Sales Charge (%) (POP) After Shares Sold 3.21 1.62 2.12 3.33
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.80 2.31 2.64 3.49
Fund without Sales Charge (%) (NAV) After Shares Sold 5.28 2.51 2.81 3.54
Fund with Sales Charge (%) (POP) Before Shares Sold 2.79 1.01 1.86 3.10
Fund with Sales Charge (%) (POP) After Shares Sold 2.86 1.50 2.19 3.21

Calendar Year Returns

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

Cumulative Total Returns [further-information] As of 10/31/2019

Month EndAs of 10/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/12/1991
Fund without Sales Charge (%) (NAV) 0.75 5.39 7.39 7.57 13.41 42.93 282.50
Fund with Sales Charge (%) (POP) -3.03 1.43 3.37 3.54 9.16 37.57 268.15
Bloomberg Barclays Municipal Bond Index (%) 0.94 6.94 9.42 11.24 19.08 53.88 343.49
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/12/1991
Fund without Sales Charge (%) (NAV) 1.32 5.34 6.80 7.08 13.92 40.96 282.34
Fund with Sales Charge (%) (POP) -2.48 1.39 2.79 3.07 9.65 35.67 268.00
Bloomberg Barclays Municipal Bond Index (%) 1.58 6.75 8.55 9.88 19.68 50.38 342.70

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.34 2.12 3.31
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.42 3.03 3.42
Alpha -0.45 -0.15 -0.43
Beta 0.66 0.67 0.92
Sharpe Ratio 0.39 0.74 0.94
Information Ratio -0.92 -0.87 -0.72
Tracking Error 1.25 1.15 1.07
R-Squared 0.95 0.92 0.90

ADDITIONAL RISK STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.70 0.73 0.98
Beta Bear 0.63 0.63 0.91
Bull Bear Capture Ratio 0.99 1.04 0.93
% of Positive Months 69.44 68.33 69.17
Gains/Losses 2.23 2.57 2.41
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 10/31/2019 Updated Monthly, based on a 3-year period

Beta 0.66
Sharpe Ratio 0.39
Standard Deviation 2.34

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index