Franklin Massachusetts 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 05/31/2020

Month EndAs of 05/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 04/03/1985
Fund without Sales Charge (%) (NAV) 3.93 3.31 3.34 3.64 5.51
Fund with Sales Charge (%) (POP) 0.02 2.00 2.55 3.24 5.39
Bloomberg Barclays Municipal Bond Index (%) 3.98 3.81 3.74 4.14 6.44
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 04/03/1985
Fund without Sales Charge (%) (NAV) 4.29 3.47 2.86 3.66 5.49
Fund with Sales Charge (%) (POP) 0.40 2.17 2.07 3.27 5.37
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 6.41

After-Tax Average Annual Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.93 3.31 3.34 3.64
Fund without Sales Charge (%) (NAV) After Shares Sold 3.44 3.22 3.28 3.59
Fund with Sales Charge (%) (POP) Before Shares Sold 0.01 2.00 2.55 3.24
Fund with Sales Charge (%) (POP) After Shares Sold 1.08 2.20 2.66 3.26
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.29 3.48 2.86 3.66
Fund without Sales Charge (%) (NAV) After Shares Sold 3.74 3.37 2.92 3.63
Fund with Sales Charge (%) (POP) Before Shares Sold 0.40 2.17 2.07 3.27
Fund with Sales Charge (%) (POP) After Shares Sold 1.39 2.35 2.29 3.30

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 6.81 -0.19 4.64 1.03 2.75 11.26 -5.30 7.19 11.05 -0.56
Fund with Sales Charge (%) (POP) 2.84 -3.94 0.15 -3.29 -1.62 6.57 -9.32 2.66 6.33 -4.75
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 05/31/2020

Month EndAs of 05/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) -1.82 1.66 3.93 10.26 17.84 42.97 558.21
Fund with Sales Charge (%) (POP) -5.54 -2.15 0.02 6.12 13.41 37.56 533.51
Bloomberg Barclays Municipal Bond Index (%) -1.81 1.24 3.98 11.87 20.17 49.98 796.27
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 0.21 0.21 4.29 10.79 15.16 43.32 548.86
Fund with Sales Charge (%) (POP) -3.54 -3.54 0.40 6.66 10.80 37.96 524.51
Bloomberg Barclays Municipal Bond Index (%) -0.63 -0.63 3.85 12.35 17.00 50.11 779.68

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.94 3.55 4.34
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.88 3.75 3.81
Sharpe Ratio 0.47 0.66 0.71
Information Ratio -0.97 -0.55 -0.47
Tracking Error 0.74 0.84 1.17

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

3 YR 5 YR 10 YR
Beta Bull 1.08 1.04 1.15
Beta Bear 0.85 0.77 0.98
Bull Bear Capture Ratio 0.88 0.96 0.85
Gains/Losses 2.00 2.18 1.93

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

Gross Expense Ratio 0.72%
Net Expense Ratio [further-information] 0.72%
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

Sharpe Ratio 0.47
Standard Deviation 3.94

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index