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 09/30/2019

Month EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 10/03/1988
Fund without Sales Charge (%) (NAV) 5.96 1.46 2.16 2.91 4.86
Fund with Sales Charge (%) (POP) 1.97 0.18 1.39 2.52 4.73
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 10/03/1988
Fund without Sales Charge (%) (NAV) 5.96 1.46 2.16 2.91 4.86
Fund with Sales Charge (%) (POP) 1.97 0.18 1.39 2.52 4.73
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 5.85

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 5.96 1.46 2.16 2.91
Fund without Sales Charge (%) (NAV) After Shares Sold 4.92 1.88 2.44 3.08
Fund with Sales Charge (%) (POP) Before Shares Sold 1.97 0.18 1.39 2.52
Fund with Sales Charge (%) (POP) After Shares Sold 2.51 0.88 1.84 2.76
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.96 1.46 2.16 2.91
Fund without Sales Charge (%) (NAV) After Shares Sold 4.92 1.88 2.44 3.08
Fund with Sales Charge (%) (POP) Before Shares Sold 1.97 0.18 1.39 2.52
Fund with Sales Charge (%) (POP) After Shares Sold 2.51 0.88 1.84 2.76

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 0.88 1.94 1.13 1.07 9.49 -6.11 6.28 10.31 1.33 16.17
Fund with Sales Charge (%) (POP) -3.37 -2.39 -3.15 -3.19 4.83 -10.13 1.80 5.60 -2.97 11.26
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 10/03/1988
Fund without Sales Charge (%) (NAV) 1.07 4.71 5.96 4.45 11.26 33.23 334.92
Fund with Sales Charge (%) (POP) -2.75 0.78 1.97 0.54 7.13 28.24 318.59
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/03/1988
Fund without Sales Charge (%) (NAV) 1.07 4.71 5.96 4.45 11.26 33.23 334.92
Fund with Sales Charge (%) (POP) -2.75 0.78 1.97 0.54 7.13 28.24 318.59
Bloomberg Barclays Municipal Bond Index (%) 1.58 6.75 8.55 9.88 19.68 50.38 482.63

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.30 2.28 3.54
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.42 3.03 3.42
Sharpe Ratio 0.09 0.49 0.72
Information Ratio -1.34 -1.14 -1.02
Tracking Error 1.38 1.28 1.28

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

3 YR 5 YR 10 YR
Beta Bull 0.54 0.62 0.97
Beta Bear 0.69 0.67 0.98
Bull Bear Capture Ratio 0.82 0.84 0.79
% of Positive Months 69.44 70.00 67.50
Gains/Losses 1.81 1.99 1.99
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 10/31/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.09
Standard Deviation 2.30

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index