Franklin Pennsylvania Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 10/31/2019

Month EndAs of 10/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 12/01/1986
Fund without Sales Charge (%) (NAV) 6.72 2.36 2.80 3.81 5.26
Fund with Sales Charge (%) (POP) 6.72 2.36 2.80 3.81 5.26
Bloomberg Barclays Municipal Bond Index (%) 9.42 3.62 3.55 4.40 5.80
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 12/01/1986
Fund without Sales Charge (%) (NAV) 6.42 2.25 2.92 3.65 5.28
Fund with Sales Charge (%) (POP) 6.42 2.25 2.92 3.65 5.28
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 5.81

After-Tax Average Annual Total Returns [further-information] As of 10/31/2019

Month EndAs of 10/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.71 2.36 2.80 3.81
Fund without Sales Charge (%) (NAV) After Shares Sold 5.48 2.66 3.03 3.88
Fund with Sales Charge (%) (POP) Before Shares Sold 6.71 2.36 2.80 3.81
Fund with Sales Charge (%) (POP) After Shares Sold 5.48 2.66 3.03 3.88
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.42 2.25 2.92 3.65
Fund without Sales Charge (%) (NAV) After Shares Sold 5.31 2.57 3.12 3.74
Fund with Sales Charge (%) (POP) Before Shares Sold 6.42 2.25 2.92 3.65
Fund with Sales Charge (%) (POP) After Shares Sold 5.31 2.57 3.12 3.74

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 1.39 2.59 1.89 1.99 10.72 -6.05 7.62 11.64 1.23 15.92
Fund with Sales Charge (%) (POP) 1.39 2.59 1.89 1.99 10.72 -6.05 7.62 11.64 1.23 15.92
Bloomberg Barclays Municipal Bond Index (%) 1.28 5.45 0.25 3.30 9.05 -2.55 6.78 10.70 2.38 12.91

Cumulative Total Returns [further-information] As of 10/31/2019

Month EndAs of 10/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/01/1986
Fund without Sales Charge (%) (NAV) 0.89 5.29 6.72 7.24 14.82 45.35 440.53
Fund with Sales Charge (%) (POP) 0.89 5.29 6.72 7.24 14.82 45.35 440.53
Bloomberg Barclays Municipal Bond Index (%) 0.94 6.94 9.42 11.24 19.08 53.88 540.11
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/01/1986
Fund without Sales Charge (%) (NAV) 1.42 5.43 6.42 6.89 15.49 43.15 441.25
Fund with Sales Charge (%) (POP) 1.42 5.43 6.42 6.89 15.49 43.15 441.25
Bloomberg Barclays Municipal Bond Index (%) 1.58 6.75 8.55 9.88 19.68 50.38 538.97

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.36 2.32 3.71
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.42 3.03 3.42
Sharpe Ratio 0.34 0.79 0.89
Information Ratio -0.92 -0.59 -0.43
Tracking Error 1.37 1.26 1.36

ADDITIONAL RISK STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.65 0.74 1.07
Beta Bear 0.61 0.60 0.94
Bull Bear Capture Ratio 0.96 1.04 0.89
% of Positive Months 66.67 70.00 68.33
Gains/Losses 2.09 2.46 2.23
Maximum Drawdown
0.90 3.11 9.31

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

Gross Expense Ratio 0.58%
Net Expense Ratio [further-information] 0.58%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 10/31/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.34
Standard Deviation 2.36

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index