Franklin Alabama 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 09/01/1987
Fund without Sales Charge (%) (NAV) 7.18 2.32 2.98 4.01 5.37
Fund with Sales Charge (%) (POP) 3.18 1.03 2.19 3.61 5.24
Bloomberg Barclays Municipal Bond Index (%) 8.72 3.30 3.85 4.62 5.98
Quarter EndAs of 06/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/01/1987
Fund without Sales Charge (%) (NAV) 5.19 1.86 2.88 4.12 5.33
Fund with Sales Charge (%) (POP) 1.28 0.57 2.11 3.72 5.20
Bloomberg Barclays Municipal Bond Index (%) 6.71 2.55 3.64 4.72 5.93

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 0.55 2.97 1.88 1.22 10.56 -4.87 7.50 12.21 -0.27 13.10
Fund with Sales Charge (%) (POP) -3.71 -1.38 -2.44 -3.05 5.89 -8.93 2.93 7.48 -4.54 8.27
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 06/30/2019

Month EndAs of 08/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 6.47 7.18 7.14 15.82 48.16 432.50
Fund with Sales Charge (%) (POP) 2.48 3.18 3.12 11.46 42.58 412.67
Bloomberg Barclays Municipal Bond Index (%) 7.61 8.72 10.22 20.77 57.03 540.99
Quarter EndAs of 06/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 4.35 5.19 5.69 15.27 49.71 421.92
Fund with Sales Charge (%) (POP) 0.44 1.28 1.73 10.98 44.08 402.48
Bloomberg Barclays Municipal Bond Index (%) 5.09 6.71 7.85 19.58 58.59 525.99

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 7.18 2.32 2.98 4.01
Fund without Sales Charge (%) (NAV) After Shares Sold 5.56 2.51 3.07 3.97
Fund with Sales Charge (%) (POP) Before Shares Sold 3.18 1.03 2.19 3.61
Fund with Sales Charge (%) (POP) After Shares Sold 3.14 1.50 2.44 3.63
Quarter EndAs of 06/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.19 1.86 2.88 4.12
Fund without Sales Charge (%) (NAV) After Shares Sold 4.38 2.17 3.01 4.07
Fund with Sales Charge (%) (POP) Before Shares Sold 1.28 0.57 2.11 3.72
Fund with Sales Charge (%) (POP) After Shares Sold 2.01 1.17 2.39 3.74

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

Gross Expense Ratio 0.76%
Net Expense Ratio [further-information] 0.76%
Max Initial Sales Charge 3.75%
CDSC 0.75%

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

Sharpe Ratio 0.33
Standard Deviation 2.60

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index