Franklin Louisiana Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 2.46 3.03 2.85 3.53 5.35
Fund with Sales Charge (%) (POP) 2.46 3.03 2.85 3.53 5.35
Bloomberg Barclays Municipal Bond Index (%) 3.98 3.81 3.74 4.14 5.87
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 4.86 3.69 2.83 3.74 5.39
Fund with Sales Charge (%) (POP) 4.86 3.69 2.83 3.74 5.39
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.85

After-Tax Average Annual Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.46 3.03 2.85 3.53
Fund without Sales Charge (%) (NAV) After Shares Sold 2.65 3.07 2.97 3.57
Fund with Sales Charge (%) (POP) Before Shares Sold 2.46 3.03 2.85 3.53
Fund with Sales Charge (%) (POP) After Shares Sold 2.65 3.07 2.97 3.57
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.86 3.69 2.83 3.74
Fund without Sales Charge (%) (NAV) After Shares Sold 4.16 3.59 2.96 3.75
Fund with Sales Charge (%) (POP) Before Shares Sold 4.86 3.69 2.83 3.74
Fund with Sales Charge (%) (POP) After Shares Sold 4.16 3.59 2.96 3.75

Calendar Year Returns

2019 2018 2017 2016
Fund without Sales Charge (%) (NAV) 6.81 1.23 3.50 0.67
Fund with Sales Charge (%) (POP) 6.81 1.23 3.50 0.67
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45 0.25

Cumulative Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) -2.77 0.28 2.46 9.37 15.07 41.43 451.16
Fund with Sales Charge (%) (POP) -2.77 0.28 2.46 9.37 15.07 41.43 451.16
Bloomberg Barclays Municipal Bond Index (%) -1.81 1.24 3.98 11.87 20.17 49.98 548.50
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 0.70 0.70 4.86 11.49 15.00 44.39 453.52
Fund with Sales Charge (%) (POP) 0.70 0.70 4.86 11.49 15.00 44.39 453.52
Bloomberg Barclays Municipal Bond Index (%) -0.63 -0.63 3.85 12.35 17.00 50.11 536.49

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.32 3.16 3.91
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.88 3.75 3.81
Sharpe Ratio 0.54 0.63 0.78
Information Ratio -0.62 -0.74 -0.54
Tracking Error 1.28 1.13 1.11

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

3 YR 5 YR 10 YR
Beta Bull 0.78 0.77 0.97
Beta Bear 0.63 0.73 0.91
Bull Bear Capture Ratio 0.93 0.93 0.89
Gains/Losses 2.13 2.14 2.02

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

Gross Expense Ratio 0.61%
Net Expense Ratio [further-information] 0.61%
Max Initial Sales Charge 0.00%
CDSC

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

Beta 0.81
Sharpe Ratio 0.54
Standard Deviation 3.32

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index