Franklin Connecticut 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 12/31/2019

Month EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/03/1988
Fund without Sales Charge (%) (NAV) 5.14 2.63 2.02 3.04 4.83
Fund with Sales Charge (%) (POP) 1.19 1.35 1.23 2.65 4.70
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.83
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/03/1988
Fund without Sales Charge (%) (NAV) 5.14 2.63 2.02 3.04 4.83
Fund with Sales Charge (%) (POP) 1.19 1.35 1.23 2.65 4.70
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.83

After-Tax Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.14 2.63 2.02 3.04
Fund without Sales Charge (%) (NAV) After Shares Sold 4.40 2.79 2.32 3.18
Fund with Sales Charge (%) (POP) Before Shares Sold 1.19 1.35 1.23 2.65
Fund with Sales Charge (%) (POP) After Shares Sold 2.01 1.78 1.71 2.86
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.14 2.63 2.02 3.04
Fund without Sales Charge (%) (NAV) After Shares Sold 4.40 2.79 2.32 3.18
Fund with Sales Charge (%) (POP) Before Shares Sold 1.19 1.35 1.23 2.65
Fund with Sales Charge (%) (POP) After Shares Sold 2.01 1.78 1.71 2.86

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 5.14 0.88 1.94 1.13 1.07 9.49 -6.11 6.28 10.31 1.33
Fund with Sales Charge (%) (POP) 1.19 -3.37 -2.39 -3.15 -3.19 4.83 -10.13 1.80 5.60 -2.97
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 12/31/2019

Month EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/03/1988
Fund without Sales Charge (%) (NAV) 0.41 5.14 5.14 8.11 10.50 34.95 336.70
Fund with Sales Charge (%) (POP) -3.38 1.19 1.19 4.10 6.31 29.91 320.31
Bloomberg Barclays Municipal Bond Index (%) 0.74 7.54 7.54 14.85 18.93 52.95 486.92
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/03/1988
Fund without Sales Charge (%) (NAV) 0.41 5.14 5.14 8.11 10.50 34.95 336.70
Fund with Sales Charge (%) (POP) -3.38 1.19 1.19 4.10 6.31 29.91 320.31
Bloomberg Barclays Municipal Bond Index (%) 0.74 7.54 7.54 14.85 18.93 52.95 486.92

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 1.62 2.27 3.54
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 2.44 3.03 3.42
Sharpe Ratio 0.62 0.43 0.71
Information Ratio -1.87 -1.18 -1.03
Tracking Error 1.11 1.28 1.25

ADDITIONAL RISK STATISTICSAs of 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.57 0.63 0.98
Beta Bear 0.52 0.67 0.98
Bull Bear Capture Ratio 0.86 0.83 0.79
% of Positive Months 72.22 70.00 68.33
Gains/Losses 2.97 1.95 1.97
Maximum Drawdown
1.02 3.73 9.15

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

Gross Expense Ratio 0.77%
Net Expense Ratio [further-information] 0.77%
Max Initial Sales Charge 3.75%
CDSC 0.75%

Volatility Measures [further-information] As of 12/31/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.62
Standard Deviation 1.62

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index