Franklin Federal Limited-Term Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/02/2003
Fund without Sales Charge (%) (NAV) 4.35 1.64 1.21 1.69 2.15
Fund with Sales Charge (%) (POP) 4.35 1.64 1.21 1.69 2.15
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/02/2003
Fund without Sales Charge (%) (NAV) 4.35 1.64 1.21 1.69 2.15
Fund with Sales Charge (%) (POP) 4.35 1.64 1.21 1.69 2.15
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 3.93 1.69 1.47 1.77 2.49

After-Tax Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.35 1.64 1.21 1.69
Fund without Sales Charge (%) (NAV) After Shares Sold 3.34 1.57 1.21 1.65
Fund with Sales Charge (%) (POP) Before Shares Sold 4.35 1.64 1.21 1.69
Fund with Sales Charge (%) (POP) After Shares Sold 3.34 1.57 1.21 1.65
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.35 1.64 1.21 1.69
Fund without Sales Charge (%) (NAV) After Shares Sold 3.34 1.57 1.21 1.65
Fund with Sales Charge (%) (POP) Before Shares Sold 4.35 1.64 1.21 1.69
Fund with Sales Charge (%) (POP) After Shares Sold 3.34 1.57 1.21 1.65

Calendar Year Returns

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

Cumulative Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/02/2003
Fund without Sales Charge (%) (NAV) 0.63 3.29 4.35 5.01 6.20 18.19 40.70
Fund with Sales Charge (%) (POP) 0.63 3.29 4.35 5.01 6.20 18.19 40.70
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/02/2003
Fund without Sales Charge (%) (NAV) 0.63 3.29 4.35 5.01 6.20 18.19 40.70
Fund with Sales Charge (%) (POP) 0.63 3.29 4.35 5.01 6.20 18.19 40.70
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 0.33 2.80 3.93 5.16 7.59 19.16 48.43

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 1.10 0.95 1.15
Standard Deviation (Bloomberg Barclays Municipal Short 1-5 Years Index) 1.48 1.30 1.19
Alpha -0.09 -0.17 0.03
Beta 0.64 0.63 0.86
Sharpe Ratio 0.09 0.18 1.00
Information Ratio -0.29 -0.63 -0.29
Tracking Error 0.70 0.60 0.55
R-Squared 0.80 0.82 0.79

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

3 YR 5 YR 10 YR
Beta Bull 0.56 0.57 1.03
Beta Bear 0.46 0.53 0.59
Bull Bear Capture Ratio 1.21 1.06 1.04
% of Positive Months 66.67 58.33 64.17
Gains/Losses 2.89 2.45 3.01
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 10/31/2019 Updated Monthly, based on a 3-year period

Beta 0.64
Sharpe Ratio 0.09
Standard Deviation 1.10

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