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 04/30/2020

Month EndAs of 04/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 12/01/1986
Fund without Sales Charge (%) (NAV) 1.22 2.15 2.17 3.21 5.11
Fund with Sales Charge (%) (POP) -2.55 0.86 1.40 2.81 4.99
Bloomberg Barclays Municipal Bond Index (%) 2.16 3.27 3.04 3.89 5.67
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 12/01/1986
Fund without Sales Charge (%) (NAV) 3.32 2.77 2.33 3.49 5.17
Fund with Sales Charge (%) (POP) -0.52 1.48 1.55 3.09 5.05
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.73

After-Tax Average Annual Total Returns [further-information] As of 04/30/2020

Month EndAs of 04/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.22 2.15 2.17 3.20
Fund without Sales Charge (%) (NAV) After Shares Sold 2.00 2.47 2.50 3.37
Fund with Sales Charge (%) (POP) Before Shares Sold -2.55 0.86 1.40 2.81
Fund with Sales Charge (%) (POP) After Shares Sold -0.28 1.47 1.90 3.04
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.33 2.77 2.33 3.49
Fund without Sales Charge (%) (NAV) After Shares Sold 3.30 2.95 2.62 3.59
Fund with Sales Charge (%) (POP) Before Shares Sold -0.52 1.47 1.55 3.09
Fund with Sales Charge (%) (POP) After Shares Sold 0.97 1.94 2.00 3.26

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 -2.44 -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 04/30/2020

Month EndAs of 04/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/01/1986
Fund without Sales Charge (%) (NAV) -2.89 -1.47 1.22 6.58 11.33 37.10 428.04
Fund with Sales Charge (%) (POP) -6.53 -5.20 -2.55 2.60 7.20 31.99 408.22
Bloomberg Barclays Municipal Bond Index (%) -3.61 -1.88 2.16 10.14 16.14 46.44 531.58
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/01/1986
Fund without Sales Charge (%) (NAV) 0.02 0.02 3.32 8.54 12.21 40.88 436.03
Fund with Sales Charge (%) (POP) -3.77 -3.77 -0.52 4.49 7.99 35.59 415.92
Bloomberg Barclays Municipal Bond Index (%) -0.63 -0.63 3.85 12.35 17.00 50.11 539.61

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 04/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.69 2.58 3.87
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.59 3.53 3.70
Sharpe Ratio 0.17 0.41 0.68
Information Ratio -0.94 -0.64 -0.49
Tracking Error 1.19 1.36 1.39

ADDITIONAL RISK STATISTICSAs of 04/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.69 0.66 1.06
Beta Bear 0.68 0.64 0.82
Bull Bear Capture Ratio 0.91 0.97 0.88
% of Positive Months 66.67 70.00 66.67
Gains/Losses 1.82 1.91 1.91
Maximum Drawdown
3.97 3.97 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 1.00%

Volatility Measures [further-information] As of 04/30/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.17
Standard Deviation 2.69

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index