Franklin Federal Intermediate-Term Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/21/1992
Fund without Sales Charge (%) (NAV) 3.37 2.54 2.59 3.36 4.61
Fund with Sales Charge (%) (POP) 3.37 2.54 2.59 3.36 4.61
Linked Bloomberg Barclays 1-15/10 Year Muni Bond Index (%) 4.01 3.42 3.30 3.55 4.98
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/21/1992
Fund without Sales Charge (%) (NAV) 2.70 2.58 2.03 3.40 4.57
Fund with Sales Charge (%) (POP) 2.70 2.58 2.03 3.40 4.57
Linked Bloomberg Barclays 1-15/10 Year Muni Bond Index (%) 3.31 3.39 2.74 3.51 4.93

After-Tax Average Annual Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.37 2.54 2.59 3.36
Fund without Sales Charge (%) (NAV) After Shares Sold 3.03 2.58 2.61 3.27
Fund with Sales Charge (%) (POP) Before Shares Sold 3.37 2.54 2.59 3.36
Fund with Sales Charge (%) (POP) After Shares Sold 3.03 2.58 2.61 3.27
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.70 2.58 2.03 3.40
Fund without Sales Charge (%) (NAV) After Shares Sold 2.71 2.62 2.18 3.32
Fund with Sales Charge (%) (POP) Before Shares Sold 2.70 2.58 2.03 3.40
Fund with Sales Charge (%) (POP) After Shares Sold 2.71 2.62 2.18 3.32

Calendar Year Returns

2019 2018 2017
Fund without Sales Charge (%) (NAV) 4.99 0.84 3.54
Fund with Sales Charge (%) (POP) 4.99 0.84 3.54
Linked Bloomberg Barclays 1-15/10 Year Muni Bond Index (%) 6.44 1.58 4.33

Cumulative Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/21/1992
Fund without Sales Charge (%) (NAV) -0.84 1.50 3.37 7.82 13.63 39.11 248.28
Fund with Sales Charge (%) (POP) -0.84 1.50 3.37 7.82 13.63 39.11 248.28
Linked Bloomberg Barclays 1-15/10 Year Muni Bond Index (%) -0.88 1.60 4.01 10.61 17.64 41.78 284.02
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/21/1992
Fund without Sales Charge (%) (NAV) -0.31 -0.31 2.70 7.93 10.55 39.77 242.07
Fund with Sales Charge (%) (POP) -0.31 -0.31 2.70 7.93 10.55 39.77 242.07
Linked Bloomberg Barclays 1-15/10 Year Muni Bond Index (%) -0.50 -0.50 3.31 10.53 14.46 41.19 276.10

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 06/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.93 2.95 3.52
Standard Deviation (Linked Bloomberg Barclays 1-15/10 Year Muni Bond Index) 3.23 3.17 3.07
Alpha -0.68 -0.57 -0.63
Beta 0.90 0.93 1.12
Sharpe Ratio 0.41 0.53 0.77
Information Ratio -2.04 -1.96 -0.34
Tracking Error 0.44 0.39 0.84
R-Squared 0.99 0.99 0.95

ADDITIONAL RISK STATISTICSAs of 06/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.94 0.94 1.21
Beta Bear 0.85 0.93 0.96
Bull Bear Capture Ratio 0.87 0.89 0.86
Gains/Losses 2.11 2.07 2.05

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

Gross Expense Ratio 0.50%
Net Expense Ratio [further-information] 0.40%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 06/30/2020 Updated Monthly, based on a 3-year period

Beta 0.90
Sharpe Ratio 0.41
Standard Deviation 2.93

Benchmarks

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

  • Linked Bloomberg Barclays 1-15/10 Year Muni Bond Index