Franklin Kentucky 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 10/12/1991
Fund without Sales Charge (%) (NAV) 5.85 3.37 2.56 3.65 4.91
Fund with Sales Charge (%) (POP) 5.85 3.37 2.56 3.65 4.91
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.44
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/12/1991
Fund without Sales Charge (%) (NAV) 5.85 3.37 2.56 3.65 4.91
Fund with Sales Charge (%) (POP) 5.85 3.37 2.56 3.65 4.91
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.44

After-Tax 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
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.85 3.37 2.56 3.65
Fund without Sales Charge (%) (NAV) After Shares Sold 4.82 3.37 2.76 3.68
Fund with Sales Charge (%) (POP) Before Shares Sold 5.85 3.37 2.56 3.65
Fund with Sales Charge (%) (POP) After Shares Sold 4.82 3.37 2.76 3.68
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.85 3.37 2.56 3.65
Fund without Sales Charge (%) (NAV) After Shares Sold 4.82 3.37 2.76 3.68
Fund with Sales Charge (%) (POP) Before Shares Sold 5.85 3.37 2.56 3.65
Fund with Sales Charge (%) (POP) After Shares Sold 4.82 3.37 2.76 3.68

Calendar Year Returns

2019 2018 2017
Fund without Sales Charge (%) (NAV) 5.85 1.19 3.13
Fund with Sales Charge (%) (POP) 5.85 1.19 3.13
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45

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 10/12/1991
Fund without Sales Charge (%) (NAV) 0.36 5.85 5.85 10.46 13.48 43.11 286.95
Fund with Sales Charge (%) (POP) 0.36 5.85 5.85 10.46 13.48 43.11 286.95
Bloomberg Barclays Municipal Bond Index (%) 0.74 7.54 7.54 14.85 18.93 52.95 345.96
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/12/1991
Fund without Sales Charge (%) (NAV) 0.36 5.85 5.85 10.46 13.48 43.11 286.95
Fund with Sales Charge (%) (POP) 0.36 5.85 5.85 10.46 13.48 43.11 286.95
Bloomberg Barclays Municipal Bond Index (%) 0.74 7.54 7.54 14.85 18.93 52.95 345.96

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 1.82 2.14 3.31
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 2.44 3.03 3.42
Alpha -0.48 -0.18 -0.40
Beta 0.71 0.67 0.92
Sharpe Ratio 0.93 0.70 0.93
Information Ratio -1.63 -0.87 -0.68
Tracking Error 0.86 1.15 1.05
R-Squared 0.92 0.92 0.91

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

3 YR 5 YR 10 YR
Beta Bull 0.76 0.76 1.00
Beta Bear 0.81 0.63 0.91
Bull Bear Capture Ratio 1.03 1.05 0.94
% of Positive Months 72.22 68.33 69.17
Gains/Losses 3.78 2.57 2.42
Maximum Drawdown
0.99 3.09 8.15

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

Gross Expense Ratio 0.70%
Net Expense Ratio [further-information] 0.67%
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 0.71
Sharpe Ratio 0.93
Standard Deviation 1.82

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index