Franklin Kentucky Tax-Free Income Fund

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 10/12/1991
Fund without Sales Charge (%) (NAV) 3.48 2.98 2.31 3.47 4.84
Fund with Sales Charge (%) (POP) -0.40 1.68 1.53 3.07 4.70
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/12/1991
Fund without Sales Charge (%) (NAV) 3.48 2.98 2.31 3.47 4.84
Fund with Sales Charge (%) (POP) -0.40 1.68 1.53 3.07 4.70

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 3.48 2.98 2.31 3.47
Fund without Sales Charge (%) (NAV) After Shares Sold 3.23 3.01 2.53 3.51
Fund with Sales Charge (%) (POP) Before Shares Sold -0.40 1.68 1.53 3.07
Fund with Sales Charge (%) (POP) After Shares Sold 0.88 1.99 1.91 3.19
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.48 2.98 2.31 3.47
Fund without Sales Charge (%) (NAV) After Shares Sold 3.23 3.01 2.53 3.51
Fund with Sales Charge (%) (POP) Before Shares Sold -0.40 1.68 1.53 3.07
Fund with Sales Charge (%) (POP) After Shares Sold 0.88 1.99 1.91 3.19

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 03/31/2020

Month EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/12/1991
Fund without Sales Charge (%) (NAV) 0.15 0.15 3.48 9.22 12.11 40.64 283.65
Fund with Sales Charge (%) (POP) -3.61 -3.61 -0.40 5.12 7.90 35.37 269.27
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/12/1991
Fund without Sales Charge (%) (NAV) 0.15 0.15 3.48 9.22 12.11 40.64 283.65
Fund with Sales Charge (%) (POP) -3.61 -3.61 -0.40 5.12 7.90 35.37 269.27

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.58 2.47 3.46
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.48 3.48 3.68
Alpha -0.34 -0.22 -0.29
Beta 0.72 0.68 0.90
Sharpe Ratio 0.50 0.49 0.83
Information Ratio -0.89 -0.70 -0.61
Tracking Error 1.08 1.24 1.11
R-Squared 0.96 0.94 0.91

ADDITIONAL RISK STATISTICSAs of 03/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.79 0.76 0.99
Beta Bear 0.71 0.67 0.84
Bull Bear Capture Ratio 1.03 1.02 0.95
Gains/Losses 2.46 2.16 2.23

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 1.00%

Volatility Measures [further-information] As of 03/31/2020 Updated Monthly, based on a 3-year period

Beta 0.72
Sharpe Ratio 0.50
Standard Deviation 2.58

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index