Franklin Pennsylvania 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 12/31/2019

Month EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 12/01/1986
Fund without Sales Charge (%) (NAV) 5.42 3.06 2.57 3.63 5.21
Fund with Sales Charge (%) (POP) 1.45 1.76 1.78 3.23 5.08
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.79
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 12/01/1986
Fund without Sales Charge (%) (NAV) 5.42 3.06 2.57 3.63 5.21
Fund with Sales Charge (%) (POP) 1.45 1.76 1.78 3.23 5.08
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.79

After-Tax Average Annual Total Returns [further-information] As of 12/31/2019

No chart available for this data.
Month EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold
Fund without Sales Charge (%) (NAV) After Shares Sold
Fund with Sales Charge (%) (POP) Before Shares Sold
Fund with Sales Charge (%) (POP) After Shares Sold
No chart available for this data.
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold
Fund without Sales Charge (%) (NAV) After Shares Sold
Fund with Sales Charge (%) (POP) Before Shares Sold
Fund with Sales Charge (%) (POP) After Shares Sold

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 5.42 1.40 2.39 1.80 1.89 10.62 -6.15 7.42 11.65 1.04
Fund with Sales Charge (%) (POP) 1.45 -2.91 -1.99 -2.57 -2.40 5.90 -10.18 2.85 6.90 -3.22
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 12/31/2019

Month EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/01/1986
Fund without Sales Charge (%) (NAV) 0.16 5.42 5.42 9.45 13.52 42.82 435.90
Fund with Sales Charge (%) (POP) -3.61 1.45 1.45 5.37 9.24 37.44 415.79
Bloomberg Barclays Municipal Bond Index (%) 0.74 7.54 7.54 14.85 18.93 52.95 543.67
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/01/1986
Fund without Sales Charge (%) (NAV) 0.16 5.42 5.42 9.45 13.52 42.82 435.90
Fund with Sales Charge (%) (POP) -3.61 1.45 1.45 5.37 9.24 37.44 415.79
Bloomberg Barclays Municipal Bond Index (%) 0.74 7.54 7.54 14.85 18.93 52.95 543.67

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 1.77 2.29 3.71
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 2.44 3.03 3.42
Sharpe Ratio 0.81 0.67 0.83
Information Ratio -1.69 -0.76 -0.53
Tracking Error 0.99 1.25 1.34

ADDITIONAL RISK STATISTICSAs of 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.66 0.73 1.07
Beta Bear 0.42 0.59 0.93
Bull Bear Capture Ratio 0.90 0.97 0.86
% of Positive Months 69.44 70.00 68.33
Gains/Losses 3.17 2.32 2.15
Maximum Drawdown
1.01 3.13 9.39

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

Gross Expense Ratio 0.68%
Net Expense Ratio [further-information] 0.68%
Max Initial Sales Charge 3.75%
CDSC 0.75%

Volatility Measures [further-information] As of 12/31/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.81
Standard Deviation 1.77

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index