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 10/31/2019

Month EndAs of 10/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 12/01/1986
Fund without Sales Charge (%) (NAV) 6.73 2.26 2.71 3.71 5.23
Fund with Sales Charge (%) (POP) 2.67 0.98 1.92 3.31 5.10
Bloomberg Barclays Municipal Bond Index (%) 9.42 3.62 3.55 4.40 5.80
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 12/01/1986
Fund without Sales Charge (%) (NAV) 6.32 2.12 2.80 3.53 5.24
Fund with Sales Charge (%) (POP) 2.32 0.81 2.02 3.14 5.12
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 5.81

After-Tax Average Annual Total Returns [further-information] As of 10/31/2019

Month EndAs of 10/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.73 2.26 2.71 3.71
Fund without Sales Charge (%) (NAV) After Shares Sold 5.44 2.56 2.93 3.78
Fund with Sales Charge (%) (POP) Before Shares Sold 2.67 0.98 1.92 3.31
Fund with Sales Charge (%) (POP) After Shares Sold 2.99 1.56 2.30 3.45
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.33 2.12 2.80 3.53
Fund without Sales Charge (%) (NAV) After Shares Sold 5.21 2.45 3.01 3.63
Fund with Sales Charge (%) (POP) Before Shares Sold 2.32 0.81 2.01 3.14
Fund with Sales Charge (%) (POP) After Shares Sold 2.78 1.44 2.38 3.30

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 1.40 2.39 1.80 1.89 10.62 -6.15 7.42 11.65 1.04 15.87
Fund with Sales Charge (%) (POP) -2.91 -1.99 -2.57 -2.40 5.90 -10.18 2.85 6.90 -3.22 10.93
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 10/31/2019

Month EndAs of 10/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/01/1986
Fund without Sales Charge (%) (NAV) 0.87 5.21 6.73 6.94 14.28 43.99 434.81
Fund with Sales Charge (%) (POP) -2.95 1.24 2.67 2.96 9.96 38.55 414.74
Bloomberg Barclays Municipal Bond Index (%) 0.94 6.94 9.42 11.24 19.08 53.88 540.11
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/01/1986
Fund without Sales Charge (%) (NAV) 1.39 5.25 6.32 6.48 14.83 41.53 435.03
Fund with Sales Charge (%) (POP) -2.45 1.28 2.32 2.45 10.49 36.17 414.95
Bloomberg Barclays Municipal Bond Index (%) 1.58 6.75 8.55 9.88 19.68 50.38 538.97

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.33 2.30 3.71
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.42 3.03 3.42
Sharpe Ratio 0.30 0.75 0.86
Information Ratio -0.99 -0.67 -0.50
Tracking Error 1.36 1.25 1.36

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

3 YR 5 YR 10 YR
Beta Bull 0.60 0.71 1.06
Beta Bear 0.60 0.59 0.93
Bull Bear Capture Ratio 0.92 1.00 0.87
% of Positive Months 66.67 70.00 68.33
Gains/Losses 2.03 2.39 2.18
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 10/31/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.30
Standard Deviation 2.33

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index