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 12/31/2019

Month EndAs of 02/29/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 8.16 3.83 3.03 3.89 5.36
Fund with Sales Charge (%) (POP) 4.12 2.53 2.25 3.49 5.24
Bloomberg Barclays Municipal Bond Index (%) 9.46 5.32 4.01 4.51 5.98
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 6.43 3.29 2.59 3.70 5.31
Fund with Sales Charge (%) (POP) 2.45 1.99 1.81 3.31 5.18
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.91

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 6.43 0.55 2.97 1.88 1.22 10.56 -4.87 7.50 12.21 -0.27
Fund with Sales Charge (%) (POP) 2.45 -3.21 -1.38 -2.44 -3.05 5.89 -8.93 2.93 7.48 -4.54
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 09/01/1987
Fund without Sales Charge (%) (NAV) 2.61 8.16 11.95 16.10 46.49 446.20
Fund with Sales Charge (%) (POP) -1.21 4.12 7.79 11.74 40.94 425.86
Bloomberg Barclays Municipal Bond Index (%) 3.11 9.46 16.83 21.75 55.38 560.45
Quarter EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 6.43 6.43 10.21 13.65 43.81 432.32
Fund with Sales Charge (%) (POP) 2.45 2.45 6.10 9.40 38.48 412.50
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 540.53

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 8.15 3.83 3.03 3.89
Fund without Sales Charge (%) (NAV) After Shares Sold 6.09 3.66 3.08 3.85
Fund with Sales Charge (%) (POP) Before Shares Sold 4.12 2.53 2.25 3.49
Fund with Sales Charge (%) (POP) After Shares Sold 3.66 2.65 2.46 3.51
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.43 3.29 2.59 3.70
Fund without Sales Charge (%) (NAV) After Shares Sold 5.10 3.26 2.75 3.71
Fund with Sales Charge (%) (POP) Before Shares Sold 2.45 1.99 1.81 3.31
Fund with Sales Charge (%) (POP) After Shares Sold 2.69 2.25 2.14 3.38

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 1.00%

Volatility Measures [further-information] As of 02/29/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.97
Standard Deviation 2.22

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index