Franklin Kentucky Tax-Free Income Fund

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) 5.81 3.35 2.55 3.63 4.91
Fund with Sales Charge (%) (POP) 5.81 3.35 2.55 3.63 4.91
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) 5.81 3.35 2.55 3.63 4.91
Fund with Sales Charge (%) (POP) 5.81 3.35 2.55 3.63 4.91
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

Month EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.82 3.35 2.55 3.63
Fund without Sales Charge (%) (NAV) After Shares Sold 4.78 3.35 2.75 3.66
Fund with Sales Charge (%) (POP) Before Shares Sold 5.82 3.35 2.55 3.63
Fund with Sales Charge (%) (POP) After Shares Sold 4.78 3.35 2.75 3.66
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.82 3.35 2.55 3.63
Fund without Sales Charge (%) (NAV) After Shares Sold 4.78 3.35 2.75 3.66
Fund with Sales Charge (%) (POP) Before Shares Sold 5.82 3.35 2.55 3.63
Fund with Sales Charge (%) (POP) After Shares Sold 4.78 3.35 2.75 3.66

Calendar Year Returns

2019 2018 2017 2016
Fund without Sales Charge (%) (NAV) 5.81 1.07 3.21 1.16
Fund with Sales Charge (%) (POP) 5.81 1.07 3.21 1.16
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45 0.25

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) 0.35 5.81 5.81 10.38 13.40 42.85 286.62
Fund with Sales Charge (%) (POP) 0.35 5.81 5.81 10.38 13.40 42.85 286.62
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) 0.35 5.81 5.81 10.38 13.40 42.85 286.62
Fund with Sales Charge (%) (POP) 0.35 5.81 5.81 10.38 13.40 42.85 286.62
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) 1.86
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 2.44 3.03 3.42
Sharpe Ratio 0.93
Information Ratio -1.72
Tracking Error 0.80

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

3 YR 5 YR 10 YR
Beta Bull 0.76
Beta Bear 0.78
Bull Bear Capture Ratio 0.98
% of Positive Months 75.00
Gains/Losses 3.62
Maximum Drawdown
1.08

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

Gross Expense Ratio 0.71%
Net Expense Ratio [further-information] 0.71%
Max Initial Sales Charge 0.00%
CDSC

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

Beta 0.73
Sharpe Ratio 0.93
Standard Deviation 1.86

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index