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 09/30/2019

Month EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/01/1987
Fund without Sales Charge (%) (NAV) 7.43 2.50 2.99 3.48 5.46
Fund with Sales Charge (%) (POP) 3.43 1.20 2.21 3.09 5.33
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/01/1987
Fund without Sales Charge (%) (NAV) 7.43 2.50 2.99 3.48 5.46
Fund with Sales Charge (%) (POP) 3.43 1.20 2.21 3.09 5.33
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 5.94

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 7.43 2.50 2.99 3.48
Fund without Sales Charge (%) (NAV) After Shares Sold 5.71 2.65 3.08 3.53
Fund with Sales Charge (%) (POP) Before Shares Sold 3.42 1.20 2.21 3.09
Fund with Sales Charge (%) (POP) After Shares Sold 3.29 1.64 2.46 3.20
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.43 2.50 2.99 3.48
Fund without Sales Charge (%) (NAV) After Shares Sold 5.71 2.65 3.08 3.53
Fund with Sales Charge (%) (POP) Before Shares Sold 3.42 1.20 2.21 3.09
Fund with Sales Charge (%) (POP) After Shares Sold 3.29 1.64 2.46 3.20

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 1.46 2.15 1.35 2.37 9.08 -5.83 6.83 11.65 1.06 13.45
Fund with Sales Charge (%) (POP) -2.82 -2.19 -2.94 -1.99 4.47 -9.87 2.28 6.92 -3.24 8.61
Bloomberg Barclays Municipal Bond Index (%) 1.28 5.45 0.25 3.30 9.05 -2.55 6.78 10.70 2.38 12.91

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 09/01/1987
Fund without Sales Charge (%) (NAV) 1.57 6.39 7.43 7.68 15.88 40.84 450.05
Fund with Sales Charge (%) (POP) -2.26 2.44 3.43 3.66 11.55 35.58 429.61
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 1.57 6.39 7.43 7.68 15.88 40.84 450.05
Fund with Sales Charge (%) (POP) -2.26 2.44 3.43 3.66 11.55 35.58 429.61
Bloomberg Barclays Municipal Bond Index (%) 1.58 6.75 8.55 9.88 19.68 50.38 535.85

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.61 2.43 3.58
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.42 3.03 3.42
Sharpe Ratio 0.40 0.78 0.88
Information Ratio -0.80 -0.58 -0.60
Tracking Error 1.25 1.15 1.23

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

3 YR 5 YR 10 YR
Beta Bull 0.72 0.82 1.03
Beta Bear 0.61 0.62 0.90
Bull Bear Capture Ratio 0.95 1.03 0.88
% of Positive Months 63.89 68.33 68.33
Gains/Losses 2.03 2.44 2.19
Maximum Drawdown
1.60 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 0.75%

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

Sharpe Ratio 0.40
Standard Deviation 2.61

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index