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 03/31/2020

Month 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
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

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 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
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 03/31/2020

Month 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
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

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.48 3.24 4.21
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.48 3.48 3.68
Sharpe Ratio 0.51 0.54 0.73
Information Ratio -0.71 -0.40 -0.41
Tracking Error 0.68 0.80 1.16

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

3 YR 5 YR 10 YR
Beta Bull 1.13 1.07 1.17
Beta Bear 0.86 0.77 0.98
Bull Bear Capture Ratio 0.92 0.97 0.86
Gains/Losses 2.14 2.01 1.97

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

Gross Expense Ratio 0.71%
Net Expense Ratio [further-information] 0.71%
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

Sharpe Ratio 0.51
Standard Deviation 3.48

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index