Franklin Arizona 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 12/31/2019

Month EndAs of 02/29/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 9.42 4.69 3.43 4.24 5.48
Fund with Sales Charge (%) (POP) 5.33 3.36 2.64 3.84 5.35
Bloomberg Barclays Municipal Bond Index (%) 9.46 5.32 4.01 4.51 5.98
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 7.01 3.90 2.90 4.00 5.40
Fund with Sales Charge (%) (POP) 3.00 2.58 2.12 3.61 5.27
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.91

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 7.01 0.72 4.06 1.00 1.86 11.08 -4.98 8.83 10.81 0.82
Fund with Sales Charge (%) (POP) 3.00 -3.05 -0.40 -3.30 -2.49 6.32 -9.02 4.19 6.10 -3.49
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 12/31/2019

Month EndAs of 02/29/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 3.28 9.42 14.73 18.36 51.44 465.32
Fund with Sales Charge (%) (POP) -0.63 5.33 10.42 13.90 45.76 444.28
Bloomberg Barclays Municipal Bond Index (%) 3.11 9.46 16.83 21.75 55.38 560.45
Quarter EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 7.01 7.01 12.16 15.39 48.08 447.36
Fund with Sales Charge (%) (POP) 3.00 3.00 7.94 11.03 42.51 426.98
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 540.53

After-Tax Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 02/29/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 9.42 4.68 3.43 4.24
Fund without Sales Charge (%) (NAV) After Shares Sold 6.83 4.35 3.40 4.15
Fund with Sales Charge (%) (POP) Before Shares Sold 5.33 3.36 2.64 3.84
Fund with Sales Charge (%) (POP) After Shares Sold 4.37 3.31 2.77 3.81
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.02 3.90 2.91 4.00
Fund without Sales Charge (%) (NAV) After Shares Sold 5.45 3.77 3.01 3.98
Fund with Sales Charge (%) (POP) Before Shares Sold 2.99 2.58 2.11 3.61
Fund with Sales Charge (%) (POP) After Shares Sold 3.02 2.73 2.39 3.65

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

Gross Expense Ratio 0.66%
Net Expense Ratio [further-information] 0.66%
Max Initial Sales Charge 3.75%
CDSC 1.00%

Volatility Measures [further-information] As of 02/29/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 1.23
Standard Deviation 2.44

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index