Franklin Arizona 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 06/30/2020

Month EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.58 3.59 3.23 3.86 5.36
Fund with Sales Charge (%) (POP) -0.28 2.28 2.44 3.46 5.24
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.89
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.58 3.59 3.23 3.86 5.36
Fund with Sales Charge (%) (POP) -0.28 2.28 2.44 3.46 5.24
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.89

After-Tax Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.58 3.59 3.23 3.86
Fund without Sales Charge (%) (NAV) After Shares Sold 3.28 3.50 3.25 3.84
Fund with Sales Charge (%) (POP) Before Shares Sold -0.28 2.28 2.44 3.46
Fund with Sales Charge (%) (POP) After Shares Sold 0.95 2.47 2.62 3.51
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.58 3.59 3.23 3.86
Fund without Sales Charge (%) (NAV) After Shares Sold 3.28 3.50 3.25 3.84
Fund with Sales Charge (%) (POP) Before Shares Sold -0.28 2.28 2.44 3.46
Fund with Sales Charge (%) (POP) After Shares Sold 0.95 2.47 2.62 3.51

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 7.01 0.72 4.06 1.00 1.86 11.08 -4.98 8.83 10.81 0.82
Fund with Sales Charge (%) (POP) 3.00 -3.05 -0.40 -3.30 -2.49 6.32 -9.02 4.19 6.10 -3.49
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 06/30/2020

Month EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 2.09 1.37 3.58 11.17 17.24 46.01 454.86
Fund with Sales Charge (%) (POP) -1.74 -2.47 -0.28 7.00 12.82 40.55 434.21
Bloomberg Barclays Municipal Bond Index (%) 2.72 2.08 4.45 13.20 21.26 51.12 553.83
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 2.09 1.37 3.58 11.17 17.24 46.01 454.86
Fund with Sales Charge (%) (POP) -1.74 -2.47 -0.28 7.00 12.82 40.55 434.21
Bloomberg Barclays Municipal Bond Index (%) 2.72 2.08 4.45 13.20 21.26 51.12 553.83

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.90 3.52 4.20
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.88 3.75 3.81
Sharpe Ratio 0.50 0.60 0.78
Information Ratio -1.26 -0.85 -0.32
Tracking Error 0.49 0.82 1.09

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

3 YR 5 YR 10 YR
Beta Bull 0.99 0.94 1.09
Beta Bear 1.09 0.95 1.06
Bull Bear Capture Ratio 0.91 0.94 0.91
% of Positive Months 72.22 73.33 67.50
Gains/Losses 2.09 2.14 2.06
Maximum Drawdown
5.43 5.43 8.45

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

Gross Expense Ratio 0.66%
Net Expense Ratio [further-information] 0.66%
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 0.50
Standard Deviation 3.90

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index