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 03/31/2020

Month EndAs of 05/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/18/1986
Fund without Sales Charge (%) (NAV) 0.09 2.52 2.94 4.22 5.88
Fund with Sales Charge (%) (POP) -3.70 1.23 2.15 3.83 5.76
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/18/1986
Fund without Sales Charge (%) (NAV) 1.20 2.84 2.55 4.36 5.88
Fund with Sales Charge (%) (POP) -2.57 1.54 1.76 3.96 5.76

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 03/31/2020

Month EndAs of 05/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/18/1986
Fund without Sales Charge (%) (NAV) -2.25 0.09 7.77 15.57 51.19 605.19
Fund with Sales Charge (%) (POP) -5.94 -3.70 3.75 11.23 45.58 578.72
Quarter EndAs of 03/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/18/1986
Fund without Sales Charge (%) (NAV) -3.10 1.20 8.78 13.43 53.21 599.01
Fund with Sales Charge (%) (POP) -6.77 -2.57 4.68 9.14 47.45 572.77

After-Tax Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 05/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 0.09 2.52 2.94 4.22
Fund without Sales Charge (%) (NAV) After Shares Sold 1.67 2.96 3.27 4.32
Fund with Sales Charge (%) (POP) Before Shares Sold -3.70 1.23 2.15 3.83
Fund with Sales Charge (%) (POP) After Shares Sold -0.64 1.95 2.64 3.99
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.20 2.84 2.55 4.36
Fund without Sales Charge (%) (NAV) After Shares Sold 2.49 3.22 2.97 4.44
Fund with Sales Charge (%) (POP) Before Shares Sold -2.57 1.54 1.76 3.96
Fund with Sales Charge (%) (POP) After Shares Sold 0.19 2.20 2.34 4.11

SALES CHARGE, EXPENSES & FEES As of 07/01/2020 (updated annually)

Gross Expense Ratio 0.64%
Net Expense Ratio [further-information] 0.64%
Max Initial Sales Charge 3.75%
CDSC 1.00%

Volatility Measures [further-information] As of 06/30/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.34
Standard Deviation 5.05

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index