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 02/29/2020

Month EndAs of 02/29/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/12/1991
Fund without Sales Charge (%) (NAV) 7.60 3.90 2.87 3.74 4.97
Fund with Sales Charge (%) (POP) 3.55 2.58 2.08 3.35 4.83
Bloomberg Barclays Municipal Bond Index (%) 9.46 5.32 4.01 4.51 5.52
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 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 7.60 3.90 2.86 3.74
Fund without Sales Charge (%) (NAV) After Shares Sold 5.75 3.72 2.96 3.72
Fund with Sales Charge (%) (POP) Before Shares Sold 3.55 2.58 2.08 3.35
Fund with Sales Charge (%) (POP) After Shares Sold 3.30 2.70 2.34 3.40
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.62 3.22 2.46 3.59
Fund without Sales Charge (%) (NAV) After Shares Sold 4.62 3.22 2.67 3.62
Fund with Sales Charge (%) (POP) Before Shares Sold 1.63 1.90 1.68 3.20
Fund with Sales Charge (%) (POP) After Shares Sold 2.21 2.20 2.05 3.29

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 02/29/2020

Month EndAs of 02/29/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/12/1991
Fund without Sales Charge (%) (NAV) 2.93 2.79 7.60 12.16 15.17 44.39 295.78
Fund with Sales Charge (%) (POP) -0.94 -1.09 3.55 7.94 10.84 39.02 280.93
Bloomberg Barclays Municipal Bond Index (%) 3.42 3.11 9.46 16.83 21.75 55.38 359.83
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 02/29/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.03 2.16 3.35
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 2.60 3.01 3.46
Sharpe Ratio 1.09 0.83 0.95
Information Ratio -1.69 -1.02 -0.72
Tracking Error 0.84 1.12 1.05

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

3 YR 5 YR 10 YR
Beta Bull 0.83 0.79 1.00
Beta Bear 0.82 0.63 0.91
Bull Bear Capture Ratio 1.05 1.05 0.94
% of Positive Months 72.22 70.00 69.17
Gains/Losses 4.19 2.92 2.46
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 1.00%

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

Sharpe Ratio 1.09
Standard Deviation 2.03

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index