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 06/30/2020

Month EndAs of 07/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 4.48 3.98 3.59 3.95 5.39
Fund with Sales Charge (%) (POP) 0.60 2.66 2.79 3.55 5.27
Bloomberg Barclays Municipal Bond Index (%) 5.36 4.52 4.13 4.26 5.92
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.58 3.59 3.23 3.86 5.36
Fund with Sales Charge (%) (POP) -0.28 2.28 2.44 3.46 5.24
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.89

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 06/30/2020

Month EndAs of 07/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 2.99 4.48 12.41 19.27 47.25 463.70
Fund with Sales Charge (%) (POP) -0.92 0.60 8.20 14.75 41.76 442.72
Bloomberg Barclays Municipal Bond Index (%) 3.80 5.36 14.18 22.42 51.77 564.85
Quarter EndAs of 06/30/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 1.37 3.58 11.17 17.24 46.01 454.86
Fund with Sales Charge (%) (POP) -2.47 -0.28 7.00 12.82 40.55 434.21
Bloomberg Barclays Municipal Bond Index (%) 2.08 4.45 13.20 21.26 51.12 553.83

After-Tax Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 07/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.48 3.98 3.59 3.95
Fund without Sales Charge (%) (NAV) After Shares Sold 3.79 3.78 3.52 3.90
Fund with Sales Charge (%) (POP) Before Shares Sold 0.60 2.66 2.79 3.55
Fund with Sales Charge (%) (POP) After Shares Sold 1.45 2.75 2.89 3.57
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.58 3.59 3.23 3.86
Fund without Sales Charge (%) (NAV) After Shares Sold 3.28 3.50 3.25 3.84
Fund with Sales Charge (%) (POP) Before Shares Sold -0.28 2.28 2.44 3.46
Fund with Sales Charge (%) (POP) After Shares Sold 0.95 2.47 2.62 3.51

SALES CHARGE, EXPENSES & FEES As of 07/01/2020 (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 07/31/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.60
Standard Deviation 3.97

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index