Franklin Ohio 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 02/29/2020

Month EndAs of 02/29/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 04/03/1985
Fund without Sales Charge (%) (NAV) 8.76 4.75 3.63 4.11 5.81
Fund with Sales Charge (%) (POP) 4.66 3.42 2.84 3.71 5.69
Bloomberg Barclays Municipal Bond Index (%) 9.46 5.32 4.01 4.51 6.54
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 04/03/1985
Fund without Sales Charge (%) (NAV) 6.80 4.01 3.25 3.89 5.75
Fund with Sales Charge (%) (POP) 2.83 2.68 2.46 3.49 5.63
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 6.48

After-Tax Average Annual Total Returns [further-information] As of 02/29/2020

Month EndAs of 02/29/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 8.76 4.75 3.63 4.11
Fund without Sales Charge (%) (NAV) After Shares Sold 6.41 4.35 3.51 3.98
Fund with Sales Charge (%) (POP) Before Shares Sold 4.66 3.42 2.84 3.71
Fund with Sales Charge (%) (POP) After Shares Sold 3.93 3.30 2.88 3.65
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.80 4.01 3.25 3.89
Fund without Sales Charge (%) (NAV) After Shares Sold 5.28 3.78 3.23 3.82
Fund with Sales Charge (%) (POP) Before Shares Sold 2.83 2.68 2.46 3.49
Fund with Sales Charge (%) (POP) After Shares Sold 2.88 2.75 2.60 3.49

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 6.80 0.66 4.65 0.94 3.31 10.24 -4.42 7.45 10.78 -0.46
Fund with Sales Charge (%) (POP) 2.83 -3.15 0.17 -3.36 -1.07 5.54 -8.47 2.90 6.06 -4.66
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 02/29/2020

Month EndAs of 02/29/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 3.18 2.93 8.76 14.94 19.50 49.55 617.09
Fund with Sales Charge (%) (POP) -0.68 -0.92 4.66 10.62 15.05 43.91 590.18
Bloomberg Barclays Municipal Bond Index (%) 3.42 3.11 9.46 16.83 21.75 55.38 812.79
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 0.47 6.80 6.80 12.51 17.33 46.47 596.68
Fund with Sales Charge (%) (POP) -3.28 2.83 2.83 8.27 12.93 40.93 570.53
Bloomberg Barclays Municipal Bond Index (%) 0.74 7.54 7.54 14.85 18.93 52.95 785.26

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 02/29/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.46 2.66 3.79
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 2.60 3.01 3.46
Sharpe Ratio 1.25 0.96 0.93
Information Ratio -1.32 -0.61 -0.42
Tracking Error 0.43 0.62 0.93

ADDITIONAL RISK STATISTICSAs of 02/29/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.94 0.94 1.12
Beta Bear 0.94 0.76 1.00
Bull Bear Capture Ratio 0.95 1.01 0.89
% of Positive Months 75.00 73.33 70.83
Gains/Losses 3.79 2.79 2.31
Maximum Drawdown
1.68 3.99 8.66

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

Gross Expense Ratio 0.65%
Net Expense Ratio [further-information] 0.65%
Max Initial Sales Charge 3.75%
CDSC 1.00%

Volatility Measures [further-information] As of 02/29/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 1.25
Standard Deviation 2.46

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index