Returns
| Series | 1 week | 1 month | 3 months | 6 months | YTD | 1 year | 3 years (ann.) | 5 years (ann.) | 10 years (ann.) | Since inception (ann.) |
|---|---|---|---|---|---|---|---|---|---|---|
| Market-price return | +1.86% | -3.93% | -13.81% | -11.09% | -13.08% | -10.49% | +1.36% | -7.55% | -3.17% | -1.14% |
| Market-price total return | +1.86% | -3.40% | -12.45% | -8.56% | -9.60% | -5.84% | +6.04% | -3.06% | +1.71% | +4.49% |
| NAV return | +1.90% | -4.05% | -10.78% | -10.54% | -10.15% | -10.07% | -0.39% | -5.87% | -2.88% | -0.72% |
| NAV total return | +1.90% | -3.57% | -9.49% | -8.20% | -6.83% | -5.77% | +3.81% | -1.55% | +1.72% | +4.93% |
Performance through Oct 14, 2026. Price and NAV returns are simple changes; total returns reinvest each distribution at the series value on its ex-date (first observation on/after). Periods of one year or less are cumulative; longer periods are annualised. Series are built from unadjusted prices plus the distribution record so no distribution is counted twice. Corporate actions: the vendor price series is split-adjusted; rights offerings and mergers are not restated — check Corporate Actions.
Growth of $10,000, five years
Risk statistics
| Statistic | Market price | NAV | Specification |
|---|---|---|---|
| Volatility, 1 year | 0.11% | 0.07% | annualised SD of daily total returns, √252 |
| Volatility, 3 years | 0.11% | 0.08% | as above |
| Volatility, 5 years | 0.15% | 0.07% | as above |
| Maximum drawdown, 3 years | -14.71% | -12.29% | peak-to-trough on the total-return index |
| Sharpe ratio, 3 years | 0.21 | 0.01 | excess over FRED DGS3MO (window average) (avg 4.52%), annualised |
| Sortino ratio, 3 years | 0.30 | 0.01 | downside deviation of excess returns |
| Beta vs. benchmark proxy, 3 years | 1.46 | — | MUB (U.S. municipal bond ETF proxy), daily, aligned dates |
| Correlation, 3 years | 0.54 | — | as above |
| Observations (3y) | 751 | — | minimum 60; rankings require 500 |
Market-price and NAV volatility are different quantities and are never mixed. NAV volatility for funds holding stale-marked or illiquid assets can understate economic risk.
CEF Explorer research page for Franklin Municipal Opportunities Trust. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.