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 06/30/2020

Month EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/12/1991
Fund without Sales Charge (%) (NAV) 2.75 3.09 2.67 3.39 4.85
Fund with Sales Charge (%) (POP) -1.14 1.77 1.89 2.99 4.71
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.42
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/12/1991
Fund without Sales Charge (%) (NAV) 2.75 3.09 2.67 3.39 4.85
Fund with Sales Charge (%) (POP) -1.14 1.77 1.89 2.99 4.71
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.42

After-Tax Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.74 3.09 2.67 3.39
Fund without Sales Charge (%) (NAV) After Shares Sold 2.75 3.09 2.81 3.44
Fund with Sales Charge (%) (POP) Before Shares Sold -1.14 1.77 1.89 2.99
Fund with Sales Charge (%) (POP) After Shares Sold 0.41 2.06 2.19 3.11
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.74 3.09 2.67 3.39
Fund without Sales Charge (%) (NAV) After Shares Sold 2.75 3.09 2.81 3.44
Fund with Sales Charge (%) (POP) Before Shares Sold -1.14 1.77 1.89 2.99
Fund with Sales Charge (%) (POP) After Shares Sold 0.41 2.06 2.19 3.11

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 -2.76 -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 06/30/2020

Month EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/12/1991
Fund without Sales Charge (%) (NAV) 0.95 1.13 2.75 9.55 14.11 39.59 289.41
Fund with Sales Charge (%) (POP) -2.88 -2.68 -1.14 5.42 9.83 34.31 274.79
Bloomberg Barclays Municipal Bond Index (%) 2.72 2.08 4.45 13.20 21.26 51.12 355.22
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/12/1991
Fund without Sales Charge (%) (NAV) 0.95 1.13 2.75 9.55 14.11 39.59 289.41
Fund with Sales Charge (%) (POP) -2.88 -2.68 -1.14 5.42 9.83 34.31 274.79
Bloomberg Barclays Municipal Bond Index (%) 2.72 2.08 4.45 13.20 21.26 51.12 355.22

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 06/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.05 2.77 3.57
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.88 3.75 3.81
Sharpe Ratio 0.48 0.57 0.79
Information Ratio -1.02 -0.96 -0.70
Tracking Error 1.10 1.31 1.16

ADDITIONAL RISK STATISTICSAs of 06/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.79 0.75 0.95
Beta Bear 0.72 0.67 0.84
Bull Bear Capture Ratio 0.94 0.95 0.92
% of Positive Months 72.22 73.33 68.33
Gains/Losses 2.21 2.21 2.14
Maximum Drawdown
4.28 4.28 8.15

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

Gross Expense Ratio 0.82%
Net Expense Ratio [further-information] 0.82%
Max Initial Sales Charge 3.75%
CDSC 1.00%

Volatility Measures [further-information] As of 06/30/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.48
Standard Deviation 3.05

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index