Franklin High Yield 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 03/18/1986
Fund without Sales Charge (%) (NAV) 9.90 5.12 3.96 5.08 6.10
Fund with Sales Charge (%) (POP) 5.74 3.78 3.16 4.68 5.98
Bloomberg Barclays Municipal Bond Index (%) 9.46 5.32 4.01 4.51 5.99
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/18/1986
Fund without Sales Charge (%) (NAV) 7.64 4.43 3.51 4.94 6.02
Fund with Sales Charge (%) (POP) 3.65 3.09 2.73 4.55 5.90
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.93

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 7.64 1.94 3.78 1.15 3.18 13.87 -6.73 11.08 12.36 2.81
Fund with Sales Charge (%) (POP) 3.65 -1.84 -0.61 -3.18 -1.19 9.07 -10.73 6.32 7.57 -1.57
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 03/18/1986
Fund without Sales Charge (%) (NAV) 3.38 9.90 16.15 21.44 64.10 645.76
Fund with Sales Charge (%) (POP) -0.53 5.74 11.79 16.84 57.94 617.76
Bloomberg Barclays Municipal Bond Index (%) 3.11 9.46 16.83 21.75 55.38 621.10
Quarter EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/18/1986
Fund without Sales Charge (%) (NAV) 7.64 7.64 13.87 18.84 61.98 621.39
Fund with Sales Charge (%) (POP) 3.65 3.65 9.57 14.43 55.98 594.31
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 599.36

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 9.90 5.12 3.96 5.08
Fund without Sales Charge (%) (NAV) After Shares Sold 7.67 4.94 4.03 4.99
Fund with Sales Charge (%) (POP) Before Shares Sold 5.74 3.79 3.16 4.68
Fund with Sales Charge (%) (POP) After Shares Sold 5.14 3.89 3.39 4.65
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.64 4.43 3.51 4.94
Fund without Sales Charge (%) (NAV) After Shares Sold 6.39 4.43 3.70 4.90
Fund with Sales Charge (%) (POP) Before Shares Sold 3.65 3.09 2.73 4.55
Fund with Sales Charge (%) (POP) After Shares Sold 3.96 3.38 3.08 4.57

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 1.37
Standard Deviation 2.51

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index