Franklin Louisiana 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 07/31/2020

Month EndAs of 07/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.79 3.60 3.23 3.62 5.38
Fund with Sales Charge (%) (POP) -0.13 2.28 2.45 3.23 5.26
Bloomberg Barclays Municipal Bond Index (%) 5.36 4.52 4.13 4.26 5.92
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 2.92 3.31 3.01 3.58 5.35
Fund with Sales Charge (%) (POP) -0.97 2.02 2.23 3.18 5.23
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 07/31/2020

Month EndAs of 07/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.79 3.60 3.23 3.62
Fund without Sales Charge (%) (NAV) After Shares Sold 3.38 3.48 3.24 3.63
Fund with Sales Charge (%) (POP) Before Shares Sold -0.13 2.28 2.45 3.23
Fund with Sales Charge (%) (POP) After Shares Sold 1.02 2.44 2.62 3.30
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.92 3.31 3.01 3.58
Fund without Sales Charge (%) (NAV) After Shares Sold 2.89 3.27 3.08 3.60
Fund with Sales Charge (%) (POP) Before Shares Sold -0.97 2.02 2.23 3.18
Fund with Sales Charge (%) (POP) After Shares Sold 0.54 2.25 2.46 3.27

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 6.80 1.13 3.31 0.64 2.60 9.69 -5.35 7.08 12.00 1.14
Fund with Sales Charge (%) (POP) 2.82 -2.64 -1.06 -3.66 -1.73 5.01 -9.34 2.50 7.26 -3.18
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 07/31/2020

Month EndAs of 07/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 4.16 2.40 3.79 11.19 17.22 42.68 461.04
Fund with Sales Charge (%) (POP) 0.23 -1.46 -0.13 6.98 12.86 37.38 440.14
Bloomberg Barclays Municipal Bond Index (%) 5.78 3.80 5.36 14.18 22.42 51.77 564.85
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) 0.41 1.00 2.92 10.28 15.99 42.10 453.41
Fund with Sales Charge (%) (POP) -3.37 -2.80 -0.97 6.18 11.67 36.79 432.80
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 07/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.41 3.23 3.93
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.94 3.80 3.82
Sharpe Ratio 0.58 0.66 0.77
Information Ratio -0.74 -0.82 -0.58
Tracking Error 1.24 1.09 1.10

ADDITIONAL RISK STATISTICSAs of 07/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.78 0.78 0.97
Beta Bear 0.63 0.73 0.91
Bull Bear Capture Ratio 0.90 0.92 0.88
Gains/Losses 2.16 2.16 2.01

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

Gross Expense Ratio 0.71%
Net Expense Ratio [further-information] 0.71%
Max Initial Sales Charge 3.75%
CDSC 1.00%

Volatility Measures [further-information] As of 07/31/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.58
Standard Deviation 3.41

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index