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 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) 7.20 2.22 2.80 3.54 5.33
Fund with Sales Charge (%) (POP) 3.16 0.92 2.01 3.14 5.21
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) 7.20 2.22 2.80 3.54 5.33
Fund with Sales Charge (%) (POP) 3.16 0.92 2.01 3.14 5.21
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 7.20 2.22 2.80 3.53
Fund without Sales Charge (%) (NAV) After Shares Sold 5.58 2.43 2.93 3.58
Fund with Sales Charge (%) (POP) Before Shares Sold 3.16 0.91 2.01 3.14
Fund with Sales Charge (%) (POP) After Shares Sold 3.14 1.42 2.30 3.25
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.20 2.22 2.80 3.53
Fund without Sales Charge (%) (NAV) After Shares Sold 5.58 2.43 2.93 3.58
Fund with Sales Charge (%) (POP) Before Shares Sold 3.16 0.91 2.01 3.14
Fund with Sales Charge (%) (POP) After Shares Sold 3.14 1.42 2.30 3.25

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 0.55 2.97 1.88 1.22 10.56 -4.87 7.50 12.21 -0.27 13.10
Fund with Sales Charge (%) (POP) -3.71 -1.38 -2.44 -3.05 5.89 -8.93 2.93 7.48 -4.54 8.27
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) 1.36 5.78 7.20 6.80 14.81 41.55 429.03
Fund with Sales Charge (%) (POP) -2.42 1.81 3.16 2.77 10.48 36.28 409.33
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) 1.36 5.78 7.20 6.80 14.81 41.55 429.03
Fund with Sales Charge (%) (POP) -2.42 1.81 3.16 2.77 10.48 36.28 409.33
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) 2.59 2.43 3.59
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.42 3.03 3.42
Sharpe Ratio 0.35 0.71 0.90
Information Ratio -1.03 -0.77 -0.52
Tracking Error 1.11 1.10 1.27

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

3 YR 5 YR 10 YR
Beta Bull 0.77 0.77 0.99
Beta Bear 0.60 0.63 0.94
Bull Bear Capture Ratio 0.90 0.95 0.89
% of Positive Months 69.44 71.67 71.67
Gains/Losses 2.00 2.27 2.22
Maximum Drawdown
1.45 3.36 7.95

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

Gross Expense Ratio 0.76%
Net Expense Ratio [further-information] 0.76%
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 0.35
Standard Deviation 2.59

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index