Franklin High Yield Tax-Free Income Fund

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 03/18/1986
Fund without Sales Charge (%) (NAV) 1.99 3.44 3.62 4.55 5.97
Fund with Sales Charge (%) (POP) 1.99 3.44 3.62 4.55 5.97
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.90
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/18/1986
Fund without Sales Charge (%) (NAV) 1.99 3.44 3.62 4.55 5.97
Fund with Sales Charge (%) (POP) 1.99 3.44 3.62 4.55 5.97
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.90

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 1.99 3.44 3.62 4.55
Fund without Sales Charge (%) (NAV) After Shares Sold 2.85 3.67 3.81 4.59
Fund with Sales Charge (%) (POP) Before Shares Sold 1.99 3.44 3.62 4.55
Fund with Sales Charge (%) (POP) After Shares Sold 2.85 3.67 3.81 4.59
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.99 3.44 3.62 4.55
Fund without Sales Charge (%) (NAV) After Shares Sold 2.85 3.67 3.81 4.59
Fund with Sales Charge (%) (POP) Before Shares Sold 1.99 3.44 3.62 4.55
Fund with Sales Charge (%) (POP) After Shares Sold 2.85 3.67 3.81 4.59

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 7.83 2.03 3.86 1.14 3.37 14.04 -6.71 11.26 12.55 2.90
Fund with Sales Charge (%) (POP) 7.83 2.03 3.86 1.14 3.37 14.04 -6.71 11.26 12.55 2.90
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 03/18/1986
Fund without Sales Charge (%) (NAV) 3.12 -0.14 1.99 10.67 19.43 56.01 630.64
Fund with Sales Charge (%) (POP) 3.12 -0.14 1.99 10.67 19.43 56.01 630.64
Bloomberg Barclays Municipal Bond Index (%) 2.72 2.08 4.45 13.20 21.26 51.12 613.88
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/18/1986
Fund without Sales Charge (%) (NAV) 3.12 -0.14 1.99 10.67 19.43 56.01 630.64
Fund with Sales Charge (%) (POP) 3.12 -0.14 1.99 10.67 19.43 56.01 630.64
Bloomberg Barclays Municipal Bond Index (%) 2.72 2.08 4.45 13.20 21.26 51.12 613.88

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 5.02 4.60 5.07
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.88 3.75 3.81
Sharpe Ratio 0.36 0.55 0.78
Information Ratio -0.39 -0.18 0.18
Tracking Error 1.99 1.69 1.87

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

Gross Expense Ratio 0.54%
Net Expense Ratio [further-information] 0.54%
Max Initial Sales Charge 0.00%
CDSC

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

Sharpe Ratio 0.36
Standard Deviation 5.02

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index