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 06/30/2020

Month EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/02/2003
Fund without Sales Charge (%) (NAV) 2.72 2.05 1.47 1.58 2.10
Fund with Sales Charge (%) (POP) 0.41 1.27 1.01 1.34 1.96
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 2.96 2.34 1.93 1.81 2.53
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/02/2003
Fund without Sales Charge (%) (NAV) 2.72 2.05 1.47 1.58 2.10
Fund with Sales Charge (%) (POP) 0.41 1.27 1.01 1.34 1.96
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 2.96 2.34 1.93 1.81 2.53

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 2.72 2.05 1.47 1.58
Fund without Sales Charge (%) (NAV) After Shares Sold 2.21 1.88 1.39 1.52
Fund with Sales Charge (%) (POP) Before Shares Sold 0.41 1.28 1.00 1.34
Fund with Sales Charge (%) (POP) After Shares Sold 0.83 1.28 1.03 1.33
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.72 2.05 1.47 1.58
Fund without Sales Charge (%) (NAV) After Shares Sold 2.21 1.88 1.39 1.52
Fund with Sales Charge (%) (POP) Before Shares Sold 0.41 1.28 1.00 1.34
Fund with Sales Charge (%) (POP) After Shares Sold 0.83 1.28 1.03 1.33

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 06/30/2020

Month EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/02/2003
Fund without Sales Charge (%) (NAV) 1.73 1.63 2.72 6.28 7.55 16.94 41.76
Fund with Sales Charge (%) (POP) -0.56 -0.64 0.41 3.87 5.13 14.28 38.57
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 2.19 1.77 2.96 7.19 10.06 19.62 52.33
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/02/2003
Fund without Sales Charge (%) (NAV) 1.73 1.63 2.72 6.28 7.55 16.94 41.76
Fund with Sales Charge (%) (POP) -0.56 -0.64 0.41 3.87 5.13 14.28 38.57
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 2.19 1.77 2.96 7.19 10.06 19.62 52.33

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 1.61 1.34 1.27
Standard Deviation (Bloomberg Barclays Municipal Short 1-5 Years Index) 1.77 1.64 1.37
Sharpe Ratio 0.25 0.27 0.78
Information Ratio -0.60 -0.76 -0.43
Tracking Error 0.48 0.61 0.53

ADDITIONAL RISK STATISTICSAs of 06/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.86 0.80 0.93
Beta Bear 0.88 0.73 0.74
Bull Bear Capture Ratio 1.00 1.00 1.01
Gains/Losses 2.77 2.50 2.72

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

Gross Expense Ratio 0.71%
Net Expense Ratio [further-information] 0.55%
Max Initial Sales Charge 2.25%
CDSC 1.00%

Volatility Measures [further-information] As of 06/30/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.25
Standard Deviation 1.61

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