Franklin Federal Limited-Term 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 06/30/2019

Month EndAs of 08/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/02/2003
Fund without Sales Charge (%) (NAV) 4.24 1.57 1.13 1.71 2.11
Fund with Sales Charge (%) (POP) 1.86 0.81 0.68 1.47 1.96
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 4.05 1.74 1.57 1.91 2.53
Quarter EndAs of 06/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/02/2003
Fund without Sales Charge (%) (NAV) 3.33 1.21 0.96 1.73 2.06
Fund with Sales Charge (%) (POP) 0.98 0.45 0.51 1.50 1.91
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 3.48 1.51 1.48 1.94 2.51

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 1.39 0.38 0.05 0.42 1.09 0.37 1.96 4.03 2.68 5.41
Fund with Sales Charge (%) (POP) -0.92 -1.90 -2.20 -1.83 -1.18 -1.86 -0.31 1.66 0.33 3.03
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 1.77 1.61 0.07 1.21 1.31 1.15 1.73 3.45 1.87 5.55

Cumulative Total Returns [further-information] As of 06/30/2019

Month EndAs of 08/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/02/2003
Fund without Sales Charge (%) (NAV) 3.60 4.24 4.80 5.79 18.43 39.56
Fund with Sales Charge (%) (POP) 1.24 1.86 2.44 3.43 15.71 36.42
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 3.30 4.05 5.29 8.10 20.77 49.17
Quarter EndAs of 06/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/02/2003
Fund without Sales Charge (%) (NAV) 2.45 3.33 3.69 4.90 18.67 38.01
Fund with Sales Charge (%) (POP) 0.12 0.98 1.35 2.55 16.04 34.91
Bloomberg Barclays Municipal Short 1-5 Years Index (%) 2.46 3.48 4.59 7.60 21.14 47.95

After-Tax Average Annual Total Returns [further-information] As of 06/30/2019

Month EndAs of 08/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.24 1.57 1.13 1.71
Fund without Sales Charge (%) (NAV) After Shares Sold 3.20 1.47 1.11 1.64
Fund with Sales Charge (%) (POP) Before Shares Sold 1.86 0.81 0.68 1.47
Fund with Sales Charge (%) (POP) After Shares Sold 1.78 0.88 0.76 1.45
Quarter EndAs of 06/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.33 1.21 0.96 1.73
Fund without Sales Charge (%) (NAV) After Shares Sold 2.65 1.19 0.98 1.66
Fund with Sales Charge (%) (POP) Before Shares Sold 0.98 0.45 0.50 1.50
Fund with Sales Charge (%) (POP) After Shares Sold 1.24 0.60 0.62 1.48

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

Gross Expense Ratio 0.73%
Net Expense Ratio [further-information] 0.55%
Max Initial Sales Charge 2.25%
CDSC 0.75%

Volatility Measures [further-information] As of 08/31/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.09
Standard Deviation 1.07

Benchmarks

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

  • Bloomberg Barclays Municipal Short 1-5 Years Index