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 03/31/2020

Month EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/02/2003
Fund without Sales Charge (%) (NAV) 2.03 1.57 1.09 1.51 2.02
Fund with Sales Charge (%) (POP) -0.27 0.80 0.63 1.27 1.88
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/02/2003
Fund without Sales Charge (%) (NAV) 2.03 1.57 1.09 1.51 2.02
Fund with Sales Charge (%) (POP) -0.27 0.80 0.63 1.27 1.88

After-Tax Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.03 1.57 1.09 1.51
Fund without Sales Charge (%) (NAV) After Shares Sold 1.88 1.51 1.10 1.47
Fund with Sales Charge (%) (POP) Before Shares Sold -0.27 0.80 0.63 1.27
Fund with Sales Charge (%) (POP) After Shares Sold 0.50 0.91 0.74 1.29
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.03 1.57 1.09 1.51
Fund without Sales Charge (%) (NAV) After Shares Sold 1.88 1.51 1.10 1.47
Fund with Sales Charge (%) (POP) Before Shares Sold -0.27 0.80 0.63 1.27
Fund with Sales Charge (%) (POP) After Shares Sold 0.50 0.91 0.74 1.29

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 3.55 1.39 0.38 0.05 0.42 1.09 0.37 1.96 4.03 2.68
Fund with Sales Charge (%) (POP) 1.19 -0.92 -1.90 -2.20 -1.83 -1.18 -1.86 -0.31 1.66 0.33
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 3.66 1.77 1.61 0.07 1.21 1.31 1.15 1.73 3.45 1.87

Cumulative Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/02/2003
Fund without Sales Charge (%) (NAV) -0.10 -0.10 2.03 4.78 5.55 16.13 39.35
Fund with Sales Charge (%) (POP) -2.33 -2.33 -0.27 2.41 3.18 13.48 36.21
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/02/2003
Fund without Sales Charge (%) (NAV) -0.10 -0.10 2.03 4.78 5.55 16.13 39.35
Fund with Sales Charge (%) (POP) -2.33 -2.33 -0.27 2.41 3.18 13.48 36.21

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 03/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 1.42 1.19 1.20
Standard Deviation (Bloomberg Barclays Municipal Short 1-5 Years Index) 1.52 1.46 1.26
Sharpe Ratio -0.09 -0.02 0.77
Information Ratio -0.47 -0.67 -0.36
Tracking Error 0.47 0.60 0.53

ADDITIONAL RISK STATISTICSAs of 03/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.94 0.69 1.05
Beta Bear 0.89 0.73 0.74
Bull Bear Capture Ratio 1.01 0.97 1.02
Gains/Losses 2.30 2.06 2.64

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 1.00%

Volatility Measures [further-information] As of 03/31/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio -0.09
Standard Deviation 1.42

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