Franklin Federal Tax-Free Income Fund

New investors must invest in new Class A shares. This A1 share class is available only for existing investors as of 9/7/18.

New investors must invest in new Class A shares. This A1 share class is available only for existing investors as of 9/7/18.

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

Month EndAs of 05/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/07/1983
Fund without Sales Charge (%) (NAV) 3.10 3.12 2.91 3.92 6.23
Fund with Sales Charge (%) (POP) -0.81 1.81 2.13 3.52 6.12
Bloomberg Barclays Municipal Bond Index (%) 3.98 3.81 3.74 4.14 6.57
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/07/1983
Fund without Sales Charge (%) (NAV) 3.66 3.17 2.50 3.98 6.22
Fund with Sales Charge (%) (POP) -0.22 1.85 1.72 3.59 6.11
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 6.55

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 6.85 0.61 3.61 0.70 2.44 11.21 -4.46 9.03 12.12 0.86
Fund with Sales Charge (%) (POP) 2.87 -3.19 -0.77 -3.59 -1.94 6.49 -8.54 4.40 7.40 -3.41
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45 0.25 3.30 9.05 -2.55 6.78 10.70 2.38

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

Month EndAs of 05/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/07/1983
Fund without Sales Charge (%) (NAV) 0.73 3.10 9.64 15.42 46.85 815.64
Fund with Sales Charge (%) (POP) -3.06 -0.81 5.54 11.12 41.39 781.50
Bloomberg Barclays Municipal Bond Index (%) 1.24 3.98 11.87 20.17 49.98 929.76
Quarter EndAs of 03/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/07/1983
Fund without Sales Charge (%) (NAV) -0.44 3.66 9.80 13.15 47.79 805.02
Fund with Sales Charge (%) (POP) -4.19 -0.22 5.67 8.90 42.24 771.27
Bloomberg Barclays Municipal Bond Index (%) -0.63 3.85 12.35 17.00 50.11 910.69

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

Month EndAs of 05/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.10 3.12 2.91 3.92
Fund without Sales Charge (%) (NAV) After Shares Sold 3.10 3.20 3.07 3.93
Fund with Sales Charge (%) (POP) Before Shares Sold -0.81 1.81 2.13 3.52
Fund with Sales Charge (%) (POP) After Shares Sold 0.74 2.18 2.45 3.60
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.66 3.17 2.50 3.98
Fund without Sales Charge (%) (NAV) After Shares Sold 3.51 3.26 2.76 3.99
Fund with Sales Charge (%) (POP) Before Shares Sold -0.22 1.85 1.72 3.59
Fund with Sales Charge (%) (POP) After Shares Sold 1.16 2.23 2.14 3.66

SALES CHARGE, EXPENSES & FEES As of 09/01/2019 (updated annually)

Gross Expense Ratio 0.63%
Net Expense Ratio [further-information] 0.63%
Max Initial Sales Charge 3.75%
CDSC 1.00%

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

Sharpe Ratio 0.48
Standard Deviation 3.96

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index