Franklin Federal Limited-Term 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 09/30/2019

Month EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/02/2003
Fund without Sales Charge (%) (NAV) 4.16 1.47 1.06 1.55 2.07
Fund with Sales Charge (%) (POP) 1.77 0.70 0.61 1.32 1.92
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/02/2003
Fund without Sales Charge (%) (NAV) 4.16 1.47 1.06 1.55 2.07
Fund with Sales Charge (%) (POP) 1.77 0.70 0.61 1.32 1.92
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 3.93 1.69 1.47 1.77 2.49

After-Tax Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.16 1.47 1.07 1.55
Fund without Sales Charge (%) (NAV) After Shares Sold 3.15 1.40 1.06 1.51
Fund with Sales Charge (%) (POP) Before Shares Sold 1.77 0.70 0.61 1.32
Fund with Sales Charge (%) (POP) After Shares Sold 1.73 0.81 0.71 1.33
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.16 1.47 1.07 1.55
Fund without Sales Charge (%) (NAV) After Shares Sold 3.15 1.40 1.06 1.51
Fund with Sales Charge (%) (POP) Before Shares Sold 1.77 0.70 0.61 1.32
Fund with Sales Charge (%) (POP) After Shares Sold 1.73 0.81 0.71 1.33

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 1.39 0.38 0.05 0.42 1.09 0.37 1.96 4.03 2.68 5.41
Fund with Sales Charge (%) (POP) -0.92 -1.90 -2.20 -1.83 -1.18 -1.86 -0.31 1.66 0.33 3.03
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 1.77 1.61 0.07 1.21 1.31 1.15 1.73 3.45 1.87 5.55

Cumulative Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/02/2003
Fund without Sales Charge (%) (NAV) 0.68 3.15 4.16 4.48 5.44 16.65 38.95
Fund with Sales Charge (%) (POP) -1.58 0.80 1.77 2.12 3.08 13.99 35.82
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/02/2003
Fund without Sales Charge (%) (NAV) 0.68 3.15 4.16 4.48 5.44 16.65 38.95
Fund with Sales Charge (%) (POP) -1.58 0.80 1.77 2.12 3.08 13.99 35.82
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 0.33 2.80 3.93 5.16 7.59 19.16 48.43

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 1.10 0.95 1.15
Standard Deviation (Bloomberg Barclays Municipal Short 1-5 Years Index) 1.48 1.30 1.19
Sharpe Ratio -0.03 0.09 0.97
Information Ratio -0.49 -0.76 -0.37
Tracking Error 0.69 0.60 0.55

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

3 YR 5 YR 10 YR
Beta Bull 0.61 0.61 1.04
Beta Bear 0.45 0.53 0.60
Bull Bear Capture Ratio 1.11 0.99 1.02
% of Positive Months 66.67 58.33 64.17
Gains/Losses 2.64 2.30 2.92
Maximum Drawdown
0.90 0.90 1.27

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

Gross Expense Ratio 0.73%
Net Expense Ratio [further-information] 0.55%
Max Initial Sales Charge 2.25%
CDSC 0.75%

Volatility Measures [further-information] As of 10/31/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio -0.03
Standard Deviation 1.10

Benchmarks

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

  • Bloomberg Barclays Municipal Short 1-5 Years Index