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 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) 7.28 2.19 2.81 3.34 5.15
Fund with Sales Charge (%) (POP) 3.23 0.89 2.02 2.94 5.02
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) 7.28 2.19 2.81 3.34 5.15
Fund with Sales Charge (%) (POP) 3.23 0.89 2.02 2.94 5.02
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 7.28 2.19 2.81 3.34
Fund without Sales Charge (%) (NAV) After Shares Sold 5.65 2.41 2.93 3.40
Fund with Sales Charge (%) (POP) Before Shares Sold 3.23 0.89 2.02 2.94
Fund with Sales Charge (%) (POP) After Shares Sold 3.20 1.40 2.31 3.08
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.28 2.19 2.81 3.34
Fund without Sales Charge (%) (NAV) After Shares Sold 5.65 2.41 2.93 3.40
Fund with Sales Charge (%) (POP) Before Shares Sold 3.23 0.89 2.02 2.94
Fund with Sales Charge (%) (POP) After Shares Sold 3.20 1.40 2.31 3.08

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 1.21 2.87 1.15 1.06 10.43 -5.88 6.19 10.91 2.08 19.73
Fund with Sales Charge (%) (POP) -3.13 -1.51 -3.14 -3.21 5.76 -9.88 1.67 6.17 -2.28 14.69
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) 1.41 6.04 7.28 6.71 14.83 38.87 373.90
Fund with Sales Charge (%) (POP) -2.39 2.05 3.23 2.69 10.50 33.64 356.11
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) 1.41 6.04 7.28 6.71 14.83 38.87 373.90
Fund with Sales Charge (%) (POP) -2.39 2.05 3.23 2.69 10.50 33.64 356.11
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) 2.87 2.64 3.78
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.42 3.03 3.42
Sharpe Ratio 0.28 0.64 0.79
Information Ratio -1.23 -0.79 -0.72
Tracking Error 1.01 1.10 1.24

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

3 YR 5 YR 10 YR
Beta Bull 0.68 0.70 1.01
Beta Bear 0.80 0.78 1.07
Bull Bear Capture Ratio 0.85 0.90 0.82
% of Positive Months 66.67 68.33 67.50
Gains/Losses 1.86 2.11 2.04
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 10/31/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.28
Standard Deviation 2.87

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index