Franklin Missouri 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 09/01/1987
Fund without Sales Charge (%) (NAV) 3.57 3.46 3.05 3.44 5.39
Fund with Sales Charge (%) (POP) -0.33 2.14 2.26 3.05 5.27
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.89
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.57 3.46 3.05 3.44 5.39
Fund with Sales Charge (%) (POP) -0.33 2.14 2.26 3.05 5.27
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.89

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 3.57 3.46 3.05 3.44
Fund without Sales Charge (%) (NAV) After Shares Sold 3.22 3.35 3.09 3.47
Fund with Sales Charge (%) (POP) Before Shares Sold -0.33 2.14 2.26 3.05
Fund with Sales Charge (%) (POP) After Shares Sold 0.87 2.32 2.46 3.15
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.57 3.46 3.05 3.44
Fund without Sales Charge (%) (NAV) After Shares Sold 3.22 3.35 3.09 3.47
Fund with Sales Charge (%) (POP) Before Shares Sold -0.33 2.14 2.26 3.05
Fund with Sales Charge (%) (POP) After Shares Sold 0.87 2.32 2.46 3.15

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 6.56 1.46 2.15 1.35 2.37 9.08 -5.83 6.83 11.65 1.06
Fund with Sales Charge (%) (POP) 2.59 -2.34 -2.19 -2.94 -1.99 4.47 -9.87 2.28 6.92 -3.24
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 09/01/1987
Fund without Sales Charge (%) (NAV) 1.85 1.82 3.57 10.74 16.21 40.27 460.91
Fund with Sales Charge (%) (POP) -2.00 -2.01 -0.33 6.54 11.82 34.99 440.06
Bloomberg Barclays Municipal Bond Index (%) 2.72 2.08 4.45 13.20 21.26 51.12 553.83
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 1.85 1.82 3.57 10.74 16.21 40.27 460.91
Fund with Sales Charge (%) (POP) -2.00 -2.01 -0.33 6.54 11.82 34.99 440.06
Bloomberg Barclays Municipal Bond Index (%) 2.72 2.08 4.45 13.20 21.26 51.12 553.83

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.57 3.16 3.91
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.88 3.75 3.81
Sharpe Ratio 0.51 0.62 0.73
Information Ratio -0.79 -0.74 -0.61
Tracking Error 0.95 1.19 1.25

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

3 YR 5 YR 10 YR
Beta Bull 0.93 0.86 1.02
Beta Bear 0.83 0.73 0.86
Bull Bear Capture Ratio 0.93 0.96 0.88
% of Positive Months 66.67 71.67 67.50
Gains/Losses 2.09 2.16 1.97
Maximum Drawdown
4.87 4.87 8.36

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

Gross Expense Ratio 0.66%
Net Expense Ratio [further-information] 0.66%
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 0.51
Standard Deviation 3.57

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index