Franklin Kentucky 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 10/12/1991
Fund without Sales Charge (%) (NAV) 5.61 3.22 2.46 3.59 4.89
Fund with Sales Charge (%) (POP) 1.63 1.90 1.68 3.19 4.75
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.44
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/12/1991
Fund without Sales Charge (%) (NAV) 5.61 3.22 2.46 3.59 4.89
Fund with Sales Charge (%) (POP) 1.63 1.90 1.68 3.19 4.75
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.44

After-Tax Average Annual Total Returns [further-information] As of 12/31/2019

No chart available for this data.
Month EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold
Fund without Sales Charge (%) (NAV) After Shares Sold
Fund with Sales Charge (%) (POP) Before Shares Sold
Fund with Sales Charge (%) (POP) After Shares Sold
No chart available for this data.
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold
Fund without Sales Charge (%) (NAV) After Shares Sold
Fund with Sales Charge (%) (POP) Before Shares Sold
Fund with Sales Charge (%) (POP) After Shares Sold

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 5.61 1.06 3.02 1.13 1.56 10.24 -5.14 7.89 10.08 1.42
Fund with Sales Charge (%) (POP) 1.63 -3.27 -1.38 -3.17 -2.75 5.56 -9.20 3.27 5.40 -2.87
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 10/12/1991
Fund without Sales Charge (%) (NAV) 0.23 5.61 5.61 9.96 12.94 42.27 285.05
Fund with Sales Charge (%) (POP) -3.53 1.63 1.63 5.82 8.69 36.95 270.60
Bloomberg Barclays Municipal Bond Index (%) 0.74 7.54 7.54 14.85 18.93 52.95 345.96
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/12/1991
Fund without Sales Charge (%) (NAV) 0.23 5.61 5.61 9.96 12.94 42.27 285.05
Fund with Sales Charge (%) (POP) -3.53 1.63 1.63 5.82 8.69 36.95 270.60
Bloomberg Barclays Municipal Bond Index (%) 0.74 7.54 7.54 14.85 18.93 52.95 345.96

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 1.82 2.13 3.31
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 2.44 3.03 3.42
Sharpe Ratio 0.88 0.67 0.92
Information Ratio -1.77 -0.93 -0.71
Tracking Error 0.85 1.15 1.05

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

3 YR 5 YR 10 YR
Beta Bull 0.77 0.76 1.00
Beta Bear 0.82 0.63 0.91
Bull Bear Capture Ratio 0.99 1.03 0.93
% of Positive Months 72.22 68.33 69.17
Gains/Losses 3.64 2.52 2.40
Maximum Drawdown
1.01 3.09 8.15

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

Gross Expense Ratio 0.81%
Net Expense Ratio [further-information] 0.81%
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 1.82

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index