Franklin Federal Limited-Term 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 09/02/2003
Fund without Sales Charge (%) (NAV) 3.33 1.20 0.92 1.68 2.05
Fund with Sales Charge (%) (POP) 0.98 0.43 0.46 1.45 1.91
Bloomberg Barclays 5-Year Municipal Bond Index (%) 4.94 2.07 2.20 3.14 3.49
Quarter EndAs of 03/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/02/2003
Fund without Sales Charge (%) (NAV) 2.67 0.97 0.86 1.69 2.02
Fund with Sales Charge (%) (POP) 0.33 0.20 0.40 1.47 1.87
Bloomberg Barclays 5-Year Municipal Bond Index (%) 4.42 1.79 2.23 3.12 3.46

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 1.39 0.38 0.05 0.42 1.09 0.37 1.96 4.03 2.68 5.41
Fund with Sales Charge (%) (POP) -0.92 -1.90 -2.20 -1.83 -1.18 -1.86 -0.31 1.66 0.33 3.03
Bloomberg Barclays 5-Year Municipal Bond Index (%) 1.68 3.14 -0.39 2.43 3.19 0.81 2.96 6.93 3.40 7.40

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 09/02/2003
Fund without Sales Charge (%) (NAV) 2.24 3.33 3.64 4.67 18.12 37.72
Fund with Sales Charge (%) (POP) -0.09 0.98 1.31 2.33 15.51 34.62
Bloomberg Barclays 5-Year Municipal Bond Index (%) 3.23 4.94 6.32 11.50 36.17 71.66
Quarter EndAs of 03/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/02/2003
Fund without Sales Charge (%) (NAV) 1.39 2.67 2.93 4.36 18.30 36.57
Fund with Sales Charge (%) (POP) -0.92 0.33 0.61 2.02 15.67 33.50
Bloomberg Barclays 5-Year Municipal Bond Index (%) 2.11 4.42 5.46 11.64 36.01 69.79

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 3.33 1.20 0.92 1.68
Fund without Sales Charge (%) (NAV) After Shares Sold 2.65 1.17 0.94 1.62
Fund with Sales Charge (%) (POP) Before Shares Sold 0.97 0.43 0.46 1.45
Fund with Sales Charge (%) (POP) After Shares Sold 1.24 0.59 0.59 1.44
Quarter EndAs of 03/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.67 0.97 0.86 1.69
Fund without Sales Charge (%) (NAV) After Shares Sold 2.19 0.98 0.89 1.64
Fund with Sales Charge (%) (POP) Before Shares Sold 0.33 0.20 0.40 1.47
Fund with Sales Charge (%) (POP) After Shares Sold 0.79 0.39 0.54 1.46

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

Gross Expense Ratio 0.71%
Net Expense Ratio [further-information] 0.55%
Max Initial Sales Charge 2.25%
CDSC 0.75%

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

Sharpe Ratio -0.12
Standard Deviation 1.01

Benchmarks

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

  • Bloomberg Barclays 5-Year Municipal Bond Index

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