Franklin New Jersey 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 11/30/2019

Month EndAs of 11/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/12/1988
Fund without Sales Charge (%) (NAV) 7.18 3.60 2.78 3.48 5.37
Fund with Sales Charge (%) (POP) 3.15 2.30 1.99 3.09 5.24
Bloomberg Barclays Municipal Bond Index (%) 8.49 5.03 3.57 4.34 5.89
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/12/1988
Fund without Sales Charge (%) (NAV) 7.34 2.53 2.87 3.29 5.40
Fund with Sales Charge (%) (POP) 3.32 1.23 2.08 2.90 5.27
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 5.91

After-Tax Average Annual Total Returns [further-information] As of 11/30/2019

Month EndAs of 11/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.18 3.60 2.77 3.48
Fund without Sales Charge (%) (NAV) After Shares Sold 5.57 3.57 2.96 3.57
Fund with Sales Charge (%) (POP) Before Shares Sold 3.15 2.30 1.99 3.09
Fund with Sales Charge (%) (POP) After Shares Sold 3.14 2.56 2.34 3.25
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.34 2.52 2.87 3.29
Fund without Sales Charge (%) (NAV) After Shares Sold 5.72 2.75 3.05 3.42
Fund with Sales Charge (%) (POP) Before Shares Sold 3.32 1.23 2.08 2.90
Fund with Sales Charge (%) (POP) After Shares Sold 3.29 1.74 2.42 3.09

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 1.53 2.63 1.60 1.33 8.92 -5.50 6.14 10.88 1.35 15.22
Fund with Sales Charge (%) (POP) -2.77 -1.75 -2.73 -2.96 4.28 -9.52 1.60 6.21 -2.95 10.33
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 11/30/2019

Month EndAs of 11/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/12/1988
Fund without Sales Charge (%) (NAV) -0.54 6.28 7.18 11.20 14.67 40.83 421.36
Fund with Sales Charge (%) (POP) -4.26 2.31 3.15 7.07 10.33 35.60 401.79
Bloomberg Barclays Municipal Bond Index (%) -0.38 7.21 8.49 15.84 19.17 53.00 508.88
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/12/1988
Fund without Sales Charge (%) (NAV) 1.59 6.19 7.34 7.77 15.21 38.26 420.89
Fund with Sales Charge (%) (POP) -2.19 2.22 3.32 3.74 10.86 33.03 401.33
Bloomberg Barclays Municipal Bond Index (%) 1.58 6.75 8.55 9.88 19.68 50.38 506.28

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 11/30/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 1.89 2.33 3.54
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 2.48 3.03 3.42
Sharpe Ratio 1.07 0.76 0.83
Information Ratio -1.39 -0.68 -0.68
Tracking Error 1.02 1.17 1.26

ADDITIONAL RISK STATISTICSAs of 11/30/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.65 0.70 0.97
Beta Bear 0.75 0.64 0.89
Bull Bear Capture Ratio 0.99 1.01 0.85
Gains/Losses 3.69 2.43 2.12

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 0.75%

Volatility Measures [further-information] As of 11/30/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 1.07
Standard Deviation 1.89

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index