Franklin Pennsylvania Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 07/31/2020

Month EndAs of 07/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 12/01/1986
Fund without Sales Charge (%) (NAV) 4.03 3.41 3.26 3.59 5.24
Fund with Sales Charge (%) (POP) 4.03 3.41 3.26 3.59 5.24
Bloomberg Barclays Municipal Bond Index (%) 5.36 4.52 4.13 4.26 5.80
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 12/01/1986
Fund without Sales Charge (%) (NAV) 3.04 3.09 2.97 3.54 5.21
Fund with Sales Charge (%) (POP) 3.04 3.09 2.97 3.54 5.21
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.77

After-Tax Average Annual Total Returns [further-information] As of 07/31/2020

Month EndAs of 07/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.03 3.41 3.26 3.59
Fund without Sales Charge (%) (NAV) After Shares Sold 3.65 3.43 3.34 3.67
Fund with Sales Charge (%) (POP) Before Shares Sold 4.03 3.41 3.26 3.59
Fund with Sales Charge (%) (POP) After Shares Sold 3.65 3.43 3.34 3.67
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.04 3.09 2.97 3.54
Fund without Sales Charge (%) (NAV) After Shares Sold 3.08 3.19 3.13 3.64
Fund with Sales Charge (%) (POP) Before Shares Sold 3.04 3.09 2.97 3.54
Fund with Sales Charge (%) (POP) After Shares Sold 3.08 3.19 3.13 3.64

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 5.63 1.39 2.59 1.89 1.99 10.72 -6.05 7.62 11.64 1.23
Fund with Sales Charge (%) (POP) 5.63 1.39 2.59 1.89 1.99 10.72 -6.05 7.62 11.64 1.23
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 07/31/2020

Month EndAs of 07/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/01/1986
Fund without Sales Charge (%) (NAV) 4.38 2.78 4.03 10.57 17.38 42.34 457.33
Fund with Sales Charge (%) (POP) 4.38 2.78 4.03 10.57 17.38 42.34 457.33
Bloomberg Barclays Municipal Bond Index (%) 5.78 3.80 5.36 14.18 22.42 51.77 568.11
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/01/1986
Fund without Sales Charge (%) (NAV) 1.36 1.41 3.04 9.57 15.75 41.64 449.90
Fund with Sales Charge (%) (POP) 1.36 1.41 3.04 9.57 15.75 41.64 449.90
Bloomberg Barclays Municipal Bond Index (%) 2.72 2.08 4.45 13.20 21.26 51.12 557.04

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 07/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.99 2.76 3.92
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.94 3.80 3.82
Sharpe Ratio 0.60 0.78 0.77
Information Ratio -0.90 -0.64 -0.46
Tracking Error 1.22 1.36 1.42

ADDITIONAL RISK STATISTICSAs of 07/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.77 0.71 1.00
Beta Bear 0.66 0.64 0.82
Bull Bear Capture Ratio 0.98 1.05 0.90
Gains/Losses 2.36 2.45 2.03

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

Gross Expense Ratio 0.57%
Net Expense Ratio [further-information] 0.57%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 07/31/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.60
Standard Deviation 2.99

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index