Franklin Alabama 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) 4.24 3.52 3.09 3.64 5.29
Fund with Sales Charge (%) (POP) 0.34 2.22 2.30 3.25 5.17
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) 4.24 3.52 3.09 3.64 5.29
Fund with Sales Charge (%) (POP) 0.34 2.22 2.30 3.25 5.17
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 4.24 3.52 3.09 3.64
Fund without Sales Charge (%) (NAV) After Shares Sold 3.68 3.41 3.12 3.64
Fund with Sales Charge (%) (POP) Before Shares Sold 0.34 2.22 2.30 3.24
Fund with Sales Charge (%) (POP) After Shares Sold 1.33 2.39 2.50 3.31
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.24 3.52 3.09 3.64
Fund without Sales Charge (%) (NAV) After Shares Sold 3.68 3.41 3.12 3.64
Fund with Sales Charge (%) (POP) Before Shares Sold 0.34 2.22 2.30 3.24
Fund with Sales Charge (%) (POP) After Shares Sold 1.33 2.39 2.50 3.31

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 6.43 0.55 2.97 1.88 1.22 10.56 -4.87 7.50 12.21 -0.27
Fund with Sales Charge (%) (POP) 2.45 -3.21 -1.38 -2.44 -3.05 5.89 -8.93 2.93 7.48 -4.54
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) 1.68 2.20 4.24 10.95 16.41 43.05 444.02
Fund with Sales Charge (%) (POP) -2.11 -1.60 0.34 6.80 12.06 37.65 423.76
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) 1.68 2.20 4.24 10.95 16.41 43.05 444.02
Fund with Sales Charge (%) (POP) -2.11 -1.60 0.34 6.80 12.06 37.65 423.76
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) 2.96 2.77 3.77
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.88 3.75 3.81
Sharpe Ratio 0.64 0.71 0.81
Information Ratio -0.59 -0.63 -0.41
Tracking Error 1.17 1.34 1.36

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

3 YR 5 YR 10 YR
Beta Bull 0.83 0.77 0.95
Beta Bear 0.49 0.56 0.78
Bull Bear Capture Ratio 1.02 1.02 0.92
% of Positive Months 72.22 73.33 70.00
Gains/Losses 2.38 2.32 2.09
Maximum Drawdown
3.05 3.36 7.95

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

Gross Expense Ratio 0.76%
Net Expense Ratio [further-information] 0.76%
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 0.64
Standard Deviation 2.96

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index