Franklin Federal Limited-Term 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 09/02/2003
Fund without Sales Charge (%) (NAV) 3.74 1.91 1.32 1.72 2.14
Fund with Sales Charge (%) (POP) 3.74 1.91 1.32 1.72 2.14
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 3.66 2.34 1.66 1.78 2.50
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/02/2003
Fund without Sales Charge (%) (NAV) 3.74 1.91 1.32 1.72 2.14
Fund with Sales Charge (%) (POP) 3.74 1.91 1.32 1.72 2.14
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 3.66 2.34 1.66 1.78 2.50

After-Tax Average Annual Total Returns [further-information] As of 12/31/2019

No chart available for this data.
Month EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold
Fund without Sales Charge (%) (NAV) After Shares Sold
Fund with Sales Charge (%) (POP) Before Shares Sold
Fund with Sales Charge (%) (POP) After Shares Sold
No chart available for this data.
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold
Fund without Sales Charge (%) (NAV) After Shares Sold
Fund with Sales Charge (%) (POP) Before Shares Sold
Fund with Sales Charge (%) (POP) After Shares Sold

Calendar Year Returns

2019 2018 2017
Fund without Sales Charge (%) (NAV) 3.74 1.57 0.45
Fund with Sales Charge (%) (POP) 3.74 1.57 0.45
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 3.66 1.77 1.61

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 09/02/2003
Fund without Sales Charge (%) (NAV) 0.43 3.74 3.74 5.84 6.76 18.62 41.31
Fund with Sales Charge (%) (POP) 0.43 3.74 3.74 5.84 6.76 18.62 41.31
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 0.84 3.66 3.66 7.19 8.56 19.26 49.68
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/02/2003
Fund without Sales Charge (%) (NAV) 0.43 3.74 3.74 5.84 6.76 18.62 41.31
Fund with Sales Charge (%) (POP) 0.43 3.74 3.74 5.84 6.76 18.62 41.31
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 0.84 3.66 3.66 7.19 8.56 19.26 49.68

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 1.03 0.95 1.12
Standard Deviation (Bloomberg Barclays Municipal Short 1-5 Years Index) 1.23 1.29 1.16
Alpha -0.23 -0.19 0.03
Beta 0.73 0.63 0.85
Sharpe Ratio 0.28 0.21 0.96
Information Ratio -0.81 -0.70 -0.27
Tracking Error 0.52 0.60 0.54
R-Squared 0.82 0.82 0.79

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

3 YR 5 YR 10 YR
Beta Bull 0.59 0.57 1.03
Beta Bear 0.70 0.52 0.59
Bull Bear Capture Ratio 1.05 1.04 1.05
% of Positive Months 69.44 61.67 65.00
Gains/Losses 3.70 2.61 2.97
Maximum Drawdown
0.79 0.80 1.27

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

Gross Expense Ratio 0.55%
Net Expense Ratio [further-information] 0.36%
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 0.28
Standard Deviation 1.03

Benchmarks

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

  • Bloomberg Barclays Municipal Short 1-5 Years Index