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 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) 7.42 2.32 3.03 3.44 5.28
Fund with Sales Charge (%) (POP) 3.38 1.02 2.26 3.05 5.15
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) 7.42 2.32 3.03 3.44 5.28
Fund with Sales Charge (%) (POP) 3.38 1.02 2.26 3.05 5.15
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 7.42 2.32 3.03 3.44
Fund without Sales Charge (%) (NAV) After Shares Sold 5.69 2.51 3.10 3.49
Fund with Sales Charge (%) (POP) Before Shares Sold 3.37 1.02 2.26 3.05
Fund with Sales Charge (%) (POP) After Shares Sold 3.24 1.50 2.49 3.16
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.42 2.32 3.03 3.44
Fund without Sales Charge (%) (NAV) After Shares Sold 5.69 2.51 3.10 3.49
Fund with Sales Charge (%) (POP) Before Shares Sold 3.37 1.02 2.26 3.05
Fund with Sales Charge (%) (POP) After Shares Sold 3.24 1.50 2.49 3.16

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 0.72 3.74 0.99 2.32 9.78 -6.27 6.88 11.01 1.19 14.26
Fund with Sales Charge (%) (POP) -3.52 -0.65 -3.34 -2.01 5.15 -10.26 2.34 6.28 -3.08 9.39
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) 1.73 5.91 7.42 7.13 16.11 40.26 420.77
Fund with Sales Charge (%) (POP) -2.07 1.95 3.38 3.10 11.80 34.98 401.03
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) 1.73 5.91 7.42 7.13 16.11 40.26 420.77
Fund with Sales Charge (%) (POP) -2.07 1.95 3.38 3.10 11.80 34.98 401.03
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) 2.91 2.70 3.70
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.42 3.03 3.42
Sharpe Ratio 0.34 0.71 0.84
Information Ratio -1.43 -0.93 -0.84
Tracking Error 0.73 0.69 0.93

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

3 YR 5 YR 10 YR
Beta Bull 0.86 0.92 1.08
Beta Bear 0.85 0.83 1.04
Bull Bear Capture Ratio 0.89 0.94 0.84
% of Positive Months 66.67 70.00 67.50
Gains/Losses 1.98 2.29 2.13
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 0.75%

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

Sharpe Ratio 0.34
Standard Deviation 2.91

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index