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 06/30/2019

Month EndAs of 08/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 05/10/1994
Fund without Sales Charge (%) (NAV) 6.64 1.88 2.60 3.62 4.78
Fund with Sales Charge (%) (POP) 2.63 0.59 1.82 3.23 4.62
Bloomberg Barclays Municipal Bond Index (%) 8.72 3.30 3.85 4.62 5.32
Quarter EndAs of 06/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 05/10/1994
Fund without Sales Charge (%) (NAV) 5.10 1.34 2.62 3.69 4.73
Fund with Sales Charge (%) (POP) 1.16 0.07 1.84 3.30 4.57
Bloomberg Barclays Municipal Bond Index (%) 6.71 2.55 3.64 4.72 5.25

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 06/30/2019

Month EndAs of 08/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/10/1994
Fund without Sales Charge (%) (NAV) 6.22 6.64 5.75 13.71 42.69 225.64
Fund with Sales Charge (%) (POP) 2.21 2.63 1.79 9.44 37.37 213.41
Bloomberg Barclays Municipal Bond Index (%) 7.61 8.72 10.22 20.77 57.03 271.05
Quarter EndAs of 06/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/10/1994
Fund without Sales Charge (%) (NAV) 4.26 5.10 4.09 13.78 43.74 219.64
Fund with Sales Charge (%) (POP) 0.32 1.16 0.20 9.56 38.40 207.64
Bloomberg Barclays Municipal Bond Index (%) 5.09 6.71 7.85 19.58 58.59 262.36

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 6.64 1.88 2.60 3.62
Fund without Sales Charge (%) (NAV) After Shares Sold 5.27 2.17 2.76 3.63
Fund with Sales Charge (%) (POP) Before Shares Sold 2.63 0.60 1.82 3.23
Fund with Sales Charge (%) (POP) After Shares Sold 2.85 1.17 2.14 3.30
Quarter EndAs of 06/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.09 1.34 2.62 3.69
Fund without Sales Charge (%) (NAV) After Shares Sold 4.35 1.77 2.79 3.70
Fund with Sales Charge (%) (POP) Before Shares Sold 1.16 0.07 1.84 3.30
Fund with Sales Charge (%) (POP) After Shares Sold 1.97 0.78 2.18 3.38

SALES CHARGE, EXPENSES & FEES As of 10/01/2018 (updated annually)

Gross Expense Ratio 0.75%
Net Expense Ratio [further-information] 0.75%
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 0.15
Standard Deviation 2.65

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index