Franklin Michigan Tax-Free Income Fund

This fund or share class has been closed to new investors.

This fund or share class has been closed to new investors.

Average Annual Total Returns [further-information] As of 03/31/2019

Month EndAs of 05/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 04/03/1985
Fund without Sales Charge (%) (NAV) 5.89 2.55 2.84 3.69 5.62
Fund with Sales Charge (%) (POP) 1.91 1.26 2.07 3.29 5.50
Bloomberg Barclays Municipal Bond Index (%) 6.40 2.97 3.58 4.58 6.51
Quarter EndAs of 03/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 04/03/1985
Fund without Sales Charge (%) (NAV) 4.84 2.26 3.05 3.77 5.59
Fund with Sales Charge (%) (POP) 0.89 0.96 2.27 3.37 5.47
Bloomberg Barclays Municipal Bond Index (%) 5.38 2.71 3.73 4.72 6.49

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 0.84 3.31 1.26 0.80 10.95 -5.15 6.10 9.87 0.32 10.77
Fund with Sales Charge (%) (POP) -3.45 -1.08 -3.04 -3.52 6.24 -9.19 1.56 5.18 -3.95 6.06
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 03/31/2019

Month EndAs of 05/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 4.63 5.89 7.86 15.04 43.60 547.13
Fund with Sales Charge (%) (POP) 0.68 1.91 3.82 10.77 38.16 522.84
Bloomberg Barclays Municipal Bond Index (%) 4.71 6.40 9.16 19.25 56.53 761.98
Quarter EndAs of 03/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 2.77 4.84 6.92 16.19 44.77 535.62
Fund with Sales Charge (%) (POP) -1.11 0.89 2.91 11.88 39.30 511.76
Bloomberg Barclays Municipal Bond Index (%) 2.90 5.38 8.35 20.12 58.55 747.07

After-Tax Average Annual Total Returns [further-information] As of 03/31/2019

Month EndAs of 05/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.89 2.55 2.84 3.68
Fund without Sales Charge (%) (NAV) After Shares Sold 4.77 2.70 2.96 3.71
Fund with Sales Charge (%) (POP) Before Shares Sold 1.92 1.26 2.07 3.28
Fund with Sales Charge (%) (POP) After Shares Sold 2.37 1.69 2.35 3.37
Quarter EndAs of 03/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.84 2.26 3.05 3.77
Fund without Sales Charge (%) (NAV) After Shares Sold 4.12 2.48 3.14 3.79
Fund with Sales Charge (%) (POP) Before Shares Sold 0.89 0.96 2.27 3.37
Fund with Sales Charge (%) (POP) After Shares Sold 1.74 1.47 2.52 3.46

SALES CHARGE, EXPENSES & FEES As of 09/10/2018 (updated annually)

Gross Expense Ratio 0.67%
Net Expense Ratio [further-information] 0.67%
Max Initial Sales Charge 3.75%
CDSC 0.75%

Volatility Measures [further-information] As of 05/31/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.44
Standard Deviation 2.84

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index

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