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 09/30/2019

Month EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 04/03/1985
Fund without Sales Charge (%) (NAV) 8.19 2.69 3.38 3.64 5.56
Fund with Sales Charge (%) (POP) 4.15 1.38 2.59 3.25 5.44
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 04/03/1985
Fund without Sales Charge (%) (NAV) 8.19 2.69 3.38 3.64 5.56
Fund with Sales Charge (%) (POP) 4.15 1.38 2.59 3.25 5.44
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 6.50

After-Tax Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 8.19 2.68 3.38 3.64
Fund without Sales Charge (%) (NAV) After Shares Sold 6.15 2.76 3.34 3.61
Fund with Sales Charge (%) (POP) Before Shares Sold 4.15 1.38 2.59 3.24
Fund with Sales Charge (%) (POP) After Shares Sold 3.70 1.75 2.71 3.28
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 8.19 2.68 3.38 3.64
Fund without Sales Charge (%) (NAV) After Shares Sold 6.15 2.76 3.34 3.61
Fund with Sales Charge (%) (POP) Before Shares Sold 4.15 1.38 2.59 3.24
Fund with Sales Charge (%) (POP) After Shares Sold 3.70 1.75 2.71 3.28

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) -0.19 4.64 1.03 2.75 11.26 -5.30 7.19 11.05 -0.56 13.92
Fund with Sales Charge (%) (POP) -4.41 0.15 -3.29 -1.62 6.57 -9.32 2.66 6.33 -4.75 9.10
Bloomberg Barclays Municipal Bond Index (%) 1.28 5.45 0.25 3.30 9.05 -2.55 6.78 10.70 2.38 12.91

Cumulative Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 1.65 6.62 8.19 8.27 18.09 42.98 546.34
Fund with Sales Charge (%) (POP) -2.17 2.66 4.15 4.21 13.66 37.62 522.08
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 1.65 6.62 8.19 8.27 18.09 42.98 546.34
Fund with Sales Charge (%) (POP) -2.17 2.66 4.15 4.21 13.66 37.62 522.08
Bloomberg Barclays Municipal Bond Index (%) 1.58 6.75 8.55 9.88 19.68 50.38 778.79

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.11 2.85 4.01
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.42 3.03 3.42
Sharpe Ratio 0.44 0.77 0.83
Information Ratio -0.76 -0.47 -0.48
Tracking Error 0.91 0.79 1.17

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

3 YR 5 YR 10 YR
Beta Bull 1.03 1.00 1.16
Beta Bear 0.69 0.71 1.07
Bull Bear Capture Ratio 0.91 0.95 0.83
% of Positive Months 63.89 68.33 68.33
Gains/Losses 2.01 2.28 2.11
Maximum Drawdown
2.43 3.92 10.03

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 0.75%

Volatility Measures [further-information] As of 10/31/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.44
Standard Deviation 3.11

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index