Franklin Oregon 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 02/29/2020

Month EndAs of 02/29/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 8.56 4.28 3.25 3.76 5.32
Fund with Sales Charge (%) (POP) 4.51 2.97 2.46 3.36 5.20
Bloomberg Barclays Municipal Bond Index (%) 9.46 5.32 4.01 4.51 5.98
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 6.26 3.55 2.79 3.55 5.25
Fund with Sales Charge (%) (POP) 2.28 2.24 2.00 3.15 5.12
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.91

After-Tax Average Annual Total Returns [further-information] As of 02/29/2020

Month EndAs of 02/29/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 8.56 4.28 3.25 3.76
Fund without Sales Charge (%) (NAV) After Shares Sold 6.26 4.00 3.23 3.73
Fund with Sales Charge (%) (POP) Before Shares Sold 4.51 2.97 2.46 3.36
Fund with Sales Charge (%) (POP) After Shares Sold 3.82 2.98 2.61 3.40
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.26 3.55 2.79 3.55
Fund without Sales Charge (%) (NAV) After Shares Sold 4.95 3.46 2.90 3.58
Fund with Sales Charge (%) (POP) Before Shares Sold 2.28 2.24 2.00 3.16
Fund with Sales Charge (%) (POP) After Shares Sold 2.55 2.43 2.28 3.25

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 6.26 0.72 3.74 0.99 2.32 9.78 -6.27 6.88 11.01 1.19
Fund with Sales Charge (%) (POP) 2.28 -3.04 -0.65 -3.34 -2.01 5.15 -10.26 2.34 6.28 -3.08
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 02/29/2020

Month EndAs of 02/29/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 3.40 3.16 8.56 13.40 17.33 44.58 439.00
Fund with Sales Charge (%) (POP) -0.44 -0.67 4.51 9.17 12.92 39.18 418.56
Bloomberg Barclays Municipal Bond Index (%) 3.42 3.11 9.46 16.83 21.75 55.38 560.45
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 0.33 6.26 6.26 11.03 14.73 41.74 422.48
Fund with Sales Charge (%) (POP) -3.46 2.28 2.28 6.86 10.40 36.43 402.67
Bloomberg Barclays Municipal Bond Index (%) 0.74 7.54 7.54 14.85 18.93 52.95 540.53

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 02/29/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.35 2.65 3.74
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 2.60 3.01 3.46
Sharpe Ratio 1.11 0.82 0.85
Information Ratio -1.74 -1.14 -0.81
Tracking Error 0.59 0.67 0.92

ADDITIONAL RISK STATISTICSAs of 02/29/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.94 0.92 1.08
Beta Bear 0.89 0.82 1.04
Bull Bear Capture Ratio 0.94 0.94 0.85
% of Positive Months 69.44 71.67 67.50
Gains/Losses 3.71 2.59 2.17
Maximum Drawdown
1.38 4.18 9.55

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

Gross Expense Ratio 0.65%
Net Expense Ratio [further-information] 0.65%
Max Initial Sales Charge 3.75%
CDSC 1.00%

Volatility Measures [further-information] As of 02/29/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 1.11
Standard Deviation 2.35

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index