Franklin Kentucky Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/12/1991
Fund without Sales Charge (%) (NAV) 3.78 3.17 2.45 3.55 4.88
Fund with Sales Charge (%) (POP) 3.78 3.17 2.45 3.55 4.88
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/12/1991
Fund without Sales Charge (%) (NAV) 3.78 3.17 2.45 3.55 4.88
Fund with Sales Charge (%) (POP) 3.78 3.17 2.45 3.55 4.88

After-Tax Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.78 3.17 2.45 3.55
Fund without Sales Charge (%) (NAV) After Shares Sold 3.52 3.20 2.67 3.59
Fund with Sales Charge (%) (POP) Before Shares Sold 3.78 3.17 2.45 3.55
Fund with Sales Charge (%) (POP) After Shares Sold 3.52 3.20 2.67 3.59
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.78 3.17 2.45 3.55
Fund without Sales Charge (%) (NAV) After Shares Sold 3.52 3.20 2.67 3.59
Fund with Sales Charge (%) (POP) Before Shares Sold 3.78 3.17 2.45 3.55
Fund with Sales Charge (%) (POP) After Shares Sold 3.52 3.20 2.67 3.59

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 03/31/2020

Month EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/12/1991
Fund without Sales Charge (%) (NAV) 0.22 0.22 3.78 9.80 12.88 41.68 287.79
Fund with Sales Charge (%) (POP) 0.22 0.22 3.78 9.80 12.88 41.68 287.79
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/12/1991
Fund without Sales Charge (%) (NAV) 0.22 0.22 3.78 9.80 12.88 41.68 287.79
Fund with Sales Charge (%) (POP) 0.22 0.22 3.78 9.80 12.88 41.68 287.79

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 03/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.55 2.45 3.45
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.48 3.48 3.68
Alpha -0.15 -0.11 -0.24
Beta 0.71 0.68 0.89
Sharpe Ratio 0.57 0.53 0.85
Information Ratio -0.71 -0.61 -0.55
Tracking Error 1.12 1.26 1.13
R-Squared 0.96 0.94 0.91

ADDITIONAL RISK STATISTICSAs of 03/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.80 0.77 0.99
Beta Bear 0.68 0.65 0.82
Bull Bear Capture Ratio 1.08 1.06 0.96
Gains/Losses 2.60 2.24 2.26

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 03/31/2020 Updated Monthly, based on a 3-year period

Beta 0.71
Sharpe Ratio 0.57
Standard Deviation 2.55

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index