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 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) 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
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 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 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
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 -3.13 -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 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) 0.33 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
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 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.10 2.63 3.78
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 2.44 3.03 3.42
Sharpe Ratio 0.88 0.56 0.79
Information Ratio -1.49 -0.94 -0.67
Tracking Error 0.84 1.08 1.20

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

3 YR 5 YR 10 YR
Beta Bull 0.74 0.73 1.01
Beta Bear 0.51 0.78 1.07
Bull Bear Capture Ratio 0.84 0.87 0.83
% of Positive Months 69.44 68.33 68.33
Gains/Losses 2.98 2.05 2.05
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 0.75%

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

Sharpe Ratio 0.88
Standard Deviation 2.10

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index