Franklin Pennsylvania 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 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 12/01/1986
Fund without Sales Charge (%) (NAV) 5.42 3.06 2.57 3.63 5.21
Fund with Sales Charge (%) (POP) 1.45 1.76 1.78 3.23 5.08
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.79
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 12/01/1986
Fund without Sales Charge (%) (NAV) 5.42 3.06 2.57 3.63 5.21
Fund with Sales Charge (%) (POP) 1.45 1.76 1.78 3.23 5.08
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.79

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 5.42 1.40 2.39 1.80 1.89 10.62 -6.15 7.42 11.65 1.04
Fund with Sales Charge (%) (POP) 1.45 -2.91 -1.99 -2.57 -2.40 5.90 -10.18 2.85 6.90 -3.22
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 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/01/1986
Fund without Sales Charge (%) (NAV) 5.42 5.42 9.45 13.52 42.82 435.90
Fund with Sales Charge (%) (POP) 1.45 1.45 5.37 9.24 37.44 415.79
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 543.67
Quarter EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/01/1986
Fund without Sales Charge (%) (NAV) 5.42 5.42 9.45 13.52 42.82 435.90
Fund with Sales Charge (%) (POP) 1.45 1.45 5.37 9.24 37.44 415.79
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 543.67

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

Month EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.42 3.06 2.57 3.63
Fund without Sales Charge (%) (NAV) After Shares Sold 4.62 3.18 2.82 3.71
Fund with Sales Charge (%) (POP) Before Shares Sold 1.45 1.76 1.78 3.23
Fund with Sales Charge (%) (POP) After Shares Sold 2.21 2.17 2.19 3.38
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.42 3.06 2.57 3.63
Fund without Sales Charge (%) (NAV) After Shares Sold 4.62 3.18 2.82 3.71
Fund with Sales Charge (%) (POP) Before Shares Sold 1.45 1.76 1.78 3.23
Fund with Sales Charge (%) (POP) After Shares Sold 2.21 2.17 2.19 3.38

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

Gross Expense Ratio 0.68%
Net Expense Ratio [further-information] 0.68%
Max Initial Sales Charge 3.75%
CDSC 0.75%

Volatility Measures [further-information] As of 12/31/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.81
Standard Deviation 1.77

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index