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 09/30/2019

Month EndAs of 11/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 12/01/1986
Fund without Sales Charge (%) (NAV) 6.11 3.11 2.66 3.69 5.21
Fund with Sales Charge (%) (POP) 2.10 1.81 1.87 3.29 5.09
Bloomberg Barclays Municipal Bond Index (%) 8.49 5.03 3.57 4.34 5.80
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 12/01/1986
Fund without Sales Charge (%) (NAV) 6.32 2.12 2.80 3.53 5.24
Fund with Sales Charge (%) (POP) 2.32 0.81 2.02 3.14 5.12
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 5.81

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 1.40 2.39 1.80 1.89 10.62 -6.15 7.42 11.65 1.04 15.87
Fund with Sales Charge (%) (POP) -2.91 -1.99 -2.57 -2.40 5.90 -10.18 2.85 6.90 -3.22 10.93
Bloomberg Barclays Municipal Bond Index (%) 1.28 5.45 0.25 3.30 9.05 -2.55 6.78 10.70 2.38 12.91

Cumulative Total Returns [further-information] As of 09/30/2019

Month EndAs of 11/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/01/1986
Fund without Sales Charge (%) (NAV) 5.25 6.11 9.61 14.04 43.66 435.03
Fund with Sales Charge (%) (POP) 1.28 2.10 5.53 9.73 38.23 414.95
Bloomberg Barclays Municipal Bond Index (%) 7.21 8.49 15.84 19.17 53.00 541.71
Quarter EndAs of 09/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/01/1986
Fund without Sales Charge (%) (NAV) 5.25 6.32 6.48 14.83 41.53 435.03
Fund with Sales Charge (%) (POP) 1.28 2.32 2.45 10.49 36.17 414.95
Bloomberg Barclays Municipal Bond Index (%) 6.75 8.55 9.88 19.68 50.38 538.97

After-Tax Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 11/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.12 3.11 2.66 3.69
Fund without Sales Charge (%) (NAV) After Shares Sold 5.05 3.22 2.89 3.76
Fund with Sales Charge (%) (POP) Before Shares Sold 2.10 1.81 1.87 3.29
Fund with Sales Charge (%) (POP) After Shares Sold 2.62 2.21 2.27 3.43
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.33 2.12 2.80 3.53
Fund without Sales Charge (%) (NAV) After Shares Sold 5.21 2.45 3.01 3.63
Fund with Sales Charge (%) (POP) Before Shares Sold 2.32 0.81 2.01 3.14
Fund with Sales Charge (%) (POP) After Shares Sold 2.78 1.44 2.38 3.30

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 11/30/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.85
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