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 03/31/2020

Month EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.87 3.13 2.48 3.43 5.38
Fund with Sales Charge (%) (POP) -0.01 1.81 1.71 3.03 5.25
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.85
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.87 3.13 2.48 3.43 5.38
Fund with Sales Charge (%) (POP) -0.01 1.81 1.71 3.03 5.25
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.85

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 3.87 3.13 2.48 3.43
Fund without Sales Charge (%) (NAV) After Shares Sold 3.50 3.12 2.65 3.48
Fund with Sales Charge (%) (POP) Before Shares Sold -0.01 1.82 1.71 3.03
Fund with Sales Charge (%) (POP) After Shares Sold 1.15 2.09 2.04 3.15
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.87 3.13 2.48 3.43
Fund without Sales Charge (%) (NAV) After Shares Sold 3.50 3.12 2.65 3.48
Fund with Sales Charge (%) (POP) Before Shares Sold -0.01 1.82 1.71 3.03
Fund with Sales Charge (%) (POP) After Shares Sold 1.15 2.09 2.04 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 03/31/2020

Month EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) -0.03 -0.03 3.87 9.70 13.03 40.10 450.73
Fund with Sales Charge (%) (POP) -3.79 -3.79 -0.01 5.54 8.83 34.80 430.26
Bloomberg Barclays Municipal Bond Index (%) -0.63 -0.63 3.85 12.35 17.00 50.11 536.49
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) -0.03 -0.03 3.87 9.70 13.03 40.10 450.73
Fund with Sales Charge (%) (POP) -3.79 -3.79 -0.01 5.54 8.83 34.80 430.26
Bloomberg Barclays Municipal Bond Index (%) -0.63 -0.63 3.85 12.35 17.00 50.11 536.49

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.99 2.77 3.76
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.48 3.48 3.68
Sharpe Ratio 0.48 0.50 0.76
Information Ratio -0.83 -0.60 -0.57
Tracking Error 0.99 1.17 1.23

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

3 YR 5 YR 10 YR
Beta Bull 0.83 0.80 1.04
Beta Bear 0.81 0.72 0.85
Bull Bear Capture Ratio 0.95 0.99 0.89
% of Positive Months 66.67 68.33 67.50
Gains/Losses 2.17 2.02 2.02
Maximum Drawdown
3.00 3.09 8.36

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

Gross Expense Ratio 0.69%
Net Expense Ratio [further-information] 0.69%
Max Initial Sales Charge 3.75%
CDSC 1.00%

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

Sharpe Ratio 0.48
Standard Deviation 2.99

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index