Franklin Tennessee Municipal Bond 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 09/30/2019

Month EndAs of 11/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/10/1994
Fund without Sales Charge (%) (NAV) 6.59 3.07 2.34 3.37 4.71
Fund with Sales Charge (%) (POP) 2.63 1.77 1.56 2.98 4.55
Bloomberg Barclays Municipal Bond Index (%) 8.49 5.03 3.57 4.34 5.25
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/10/1994
Fund without Sales Charge (%) (NAV) 6.55 1.83 2.44 3.23 4.74
Fund with Sales Charge (%) (POP) 2.52 0.54 1.66 2.84 4.58
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 5.27

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 0.52 2.47 1.06 1.42 9.58 -5.42 6.93 11.33 0.68 13.49
Fund with Sales Charge (%) (POP) -3.77 -1.87 -3.22 -2.86 4.90 -9.42 2.35 6.62 -3.62 8.64
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 09/30/2019

Month EndAs of 11/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/10/1994
Fund without Sales Charge (%) (NAV) 5.72 6.59 9.49 12.24 39.34 224.10
Fund with Sales Charge (%) (POP) 1.72 2.63 5.39 8.02 34.08 211.93
Bloomberg Barclays Municipal Bond Index (%) 7.21 8.49 15.84 19.17 53.00 269.65
Quarter EndAs of 09/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/10/1994
Fund without Sales Charge (%) (NAV) 5.62 6.55 5.60 12.82 37.46 223.80
Fund with Sales Charge (%) (POP) 1.63 2.52 1.62 8.58 32.36 211.64
Bloomberg Barclays Municipal Bond Index (%) 6.75 8.55 9.88 19.68 50.38 268.07

After-Tax Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 11/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.59 3.07 2.34 3.37
Fund without Sales Charge (%) (NAV) After Shares Sold 5.24 3.10 2.55 3.43
Fund with Sales Charge (%) (POP) Before Shares Sold 2.63 1.77 1.55 2.98
Fund with Sales Charge (%) (POP) After Shares Sold 2.85 2.08 1.93 3.10
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.55 1.83 2.44 3.23
Fund without Sales Charge (%) (NAV) After Shares Sold 5.23 2.14 2.64 3.31
Fund with Sales Charge (%) (POP) Before Shares Sold 2.52 0.54 1.66 2.84
Fund with Sales Charge (%) (POP) After Shares Sold 2.79 1.13 2.02 2.99

SALES CHARGE, EXPENSES & FEES As of 10/01/2019 (updated annually)

Gross Expense Ratio 0.78%
Net Expense Ratio [further-information] 0.78%
Max Initial Sales Charge 3.75%
CDSC 0.75%

Volatility Measures [further-information] As of 11/30/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.76
Standard Deviation 1.96

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index