Franklin Maryland 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 02/29/2020

Month EndAs of 02/29/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/03/1988
Fund without Sales Charge (%) (NAV) 8.27 3.94 3.00 3.66 5.18
Fund with Sales Charge (%) (POP) 4.22 2.63 2.21 3.26 5.05
Bloomberg Barclays Municipal Bond Index (%) 9.46 5.32 4.01 4.51 5.90
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/03/1988
Fund without Sales Charge (%) (NAV) 6.39 3.47 2.51 3.53 5.12
Fund with Sales Charge (%) (POP) 2.39 2.15 1.74 3.13 4.99
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 02/29/2020

Month EndAs of 02/29/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 8.27 3.94 3.00 3.66
Fund without Sales Charge (%) (NAV) After Shares Sold 6.16 3.74 3.05 3.64
Fund with Sales Charge (%) (POP) Before Shares Sold 4.22 2.63 2.21 3.26
Fund with Sales Charge (%) (POP) After Shares Sold 3.72 2.72 2.43 3.32
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.39 3.47 2.51 3.53
Fund without Sales Charge (%) (NAV) After Shares Sold 5.09 3.40 2.69 3.56
Fund with Sales Charge (%) (POP) Before Shares Sold 2.39 2.16 1.73 3.13
Fund with Sales Charge (%) (POP) After Shares Sold 2.67 2.38 2.08 3.23

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 6.39 1.21 2.87 1.15 1.06 10.43 -5.88 6.19 10.91 2.08
Fund with Sales Charge (%) (POP) 2.39 -2.62 -1.51 -3.14 -3.21 5.76 -9.88 1.67 6.17 -2.28
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 02/29/2020

Month EndAs of 02/29/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/03/1988
Fund without Sales Charge (%) (NAV) 3.04 2.79 8.27 12.29 15.91 43.21 388.74
Fund with Sales Charge (%) (POP) -0.81 -1.04 4.22 8.11 11.57 37.84 370.39
Bloomberg Barclays Municipal Bond Index (%) 3.42 3.11 9.46 16.83 21.75 55.38 505.17
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) 0.33 6.39 6.39 10.77 13.22 41.50 375.46
Fund with Sales Charge (%) (POP) -3.40 2.39 2.39 6.60 8.98 36.15 357.61
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 02/29/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.26 2.61 3.80
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 2.60 3.01 3.46
Sharpe Ratio 1.00 0.73 0.81
Information Ratio -1.67 -0.94 -0.70
Tracking Error 0.83 1.07 1.20

ADDITIONAL RISK STATISTICSAs of 02/29/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.79 0.74 1.01
Beta Bear 0.51 0.78 1.07
Bull Bear Capture Ratio 0.84 0.89 0.82
% of Positive Months 69.44 70.00 68.33
Gains/Losses 3.24 2.36 2.09
Maximum Drawdown
1.31 3.94 9.29

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

Gross Expense Ratio 0.73%
Net Expense Ratio [further-information] 0.73%
Max Initial Sales Charge 3.75%
CDSC 1.00%

Volatility Measures [further-information] As of 02/29/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 1.00
Standard Deviation 2.26

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index