Franklin North Carolina Tax-Free Income 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 04/30/2020

Month EndAs of 04/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 1.64 2.10 2.01 2.76 5.20
Fund with Sales Charge (%) (POP) -2.20 0.82 1.23 2.37 5.08
Bloomberg Barclays Municipal Bond Index (%) 2.16 3.27 3.04 3.89 5.79
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.73 2.70 2.18 3.02 5.26
Fund with Sales Charge (%) (POP) -0.12 1.41 1.41 2.63 5.14
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.85

After-Tax Average Annual Total Returns [further-information] As of 04/30/2020

Month EndAs of 04/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.64 2.10 2.01 2.76
Fund without Sales Charge (%) (NAV) After Shares Sold 2.06 2.31 2.28 2.94
Fund with Sales Charge (%) (POP) Before Shares Sold -2.20 0.82 1.23 2.37
Fund with Sales Charge (%) (POP) After Shares Sold -0.26 1.31 1.67 2.62
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.72 2.70 2.18 3.02
Fund without Sales Charge (%) (NAV) After Shares Sold 3.34 2.77 2.41 3.14
Fund with Sales Charge (%) (POP) Before Shares Sold -0.13 1.40 1.41 2.63
Fund with Sales Charge (%) (POP) After Shares Sold 1.02 1.76 1.80 2.82

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 5.97 1.27 1.56 1.15 1.55 8.67 -6.75 6.98 11.28 0.85
Fund with Sales Charge (%) (POP) 1.97 -2.56 -2.78 -3.15 -2.77 4.03 -10.69 2.40 6.56 -3.45
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45 0.25 3.30 9.05 -2.55 6.78 10.70 2.38

Cumulative Total Returns [further-information] As of 04/30/2020

Month EndAs of 04/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) -2.80 -1.25 1.64 6.45 10.48 31.35 424.56
Fund with Sales Charge (%) (POP) -6.47 -4.95 -2.20 2.48 6.33 26.39 404.91
Bloomberg Barclays Municipal Bond Index (%) -3.61 -1.88 2.16 10.14 16.14 46.44 528.50
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 0.10 0.10 3.73 8.32 11.41 34.71 431.74
Fund with Sales Charge (%) (POP) -3.65 -3.65 -0.12 4.28 7.25 29.69 411.82
Bloomberg Barclays Municipal Bond Index (%) -0.63 -0.63 3.85 12.35 17.00 50.11 536.49

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 04/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.75 2.61 3.66
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.59 3.53 3.70
Sharpe Ratio 0.15 0.35 0.60
Information Ratio -0.94 -0.76 -0.86
Tracking Error 1.24 1.34 1.31

ADDITIONAL RISK STATISTICSAs of 04/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.69 0.68 0.97
Beta Bear 0.65 0.65 0.83
Bull Bear Capture Ratio 0.88 0.92 0.83
% of Positive Months 63.89 70.00 68.33
Gains/Losses 1.75 1.81 1.80
Maximum Drawdown
3.80 3.80 9.03

SALES CHARGE, EXPENSES & FEES As of 07/01/2019 (updated annually)

Gross Expense Ratio 0.68%
Net Expense Ratio [further-information] 0.68%
Max Initial Sales Charge 3.75%
CDSC 1.00%

Volatility Measures [further-information] As of 04/30/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.15
Standard Deviation 2.75

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index