Franklin High Yield 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 03/18/1986
Fund without Sales Charge (%) (NAV) 1.98 3.34 3.53 4.45 5.93
Fund with Sales Charge (%) (POP) -1.88 2.04 2.75 4.06 5.81
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.90
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/18/1986
Fund without Sales Charge (%) (NAV) 1.98 3.34 3.53 4.45 5.93
Fund with Sales Charge (%) (POP) -1.88 2.04 2.75 4.06 5.81
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.90

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 1.98 3.35 3.53 4.45
Fund without Sales Charge (%) (NAV) After Shares Sold 2.80 3.58 3.72 4.50
Fund with Sales Charge (%) (POP) Before Shares Sold -1.88 2.04 2.75 4.06
Fund with Sales Charge (%) (POP) After Shares Sold 0.45 2.55 3.10 4.16
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.98 3.35 3.53 4.45
Fund without Sales Charge (%) (NAV) After Shares Sold 2.80 3.58 3.72 4.50
Fund with Sales Charge (%) (POP) Before Shares Sold -1.88 2.04 2.75 4.06
Fund with Sales Charge (%) (POP) After Shares Sold 0.45 2.55 3.10 4.16

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 7.64 1.94 3.78 1.15 3.18 13.87 -6.73 11.08 12.36 2.81
Fund with Sales Charge (%) (POP) 3.65 -1.84 -0.61 -3.18 -1.19 9.07 -10.73 6.32 7.57 -1.57
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 03/18/1986
Fund without Sales Charge (%) (NAV) 3.10 -0.09 1.98 10.37 18.93 54.58 620.71
Fund with Sales Charge (%) (POP) -0.76 -3.88 -1.88 6.24 14.53 48.82 593.65
Bloomberg Barclays Municipal Bond Index (%) 2.72 2.08 4.45 13.20 21.26 51.12 613.88
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/18/1986
Fund without Sales Charge (%) (NAV) 3.10 -0.09 1.98 10.37 18.93 54.58 620.71
Fund with Sales Charge (%) (POP) -0.76 -3.88 -1.88 6.24 14.53 48.82 593.65
Bloomberg Barclays Municipal Bond Index (%) 2.72 2.08 4.45 13.20 21.26 51.12 613.88

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 5.05 4.61 5.06
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.88 3.75 3.81
Sharpe Ratio 0.34 0.53 0.77
Information Ratio -0.44 -0.24 0.13
Tracking Error 1.97 1.67 1.84

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

Gross Expense Ratio 0.64%
Net Expense Ratio [further-information] 0.64%
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 0.34
Standard Deviation 5.05

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index