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 07/31/2020

Month EndAs of 07/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/12/1988
Fund without Sales Charge (%) (NAV) 2.90 3.50 3.22 3.17 5.32
Fund with Sales Charge (%) (POP) -0.91 2.20 2.43 2.78 5.19
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/12/1988
Fund without Sales Charge (%) (NAV) 1.76 3.08 2.88 3.11 5.28
Fund with Sales Charge (%) (POP) -2.03 1.78 2.10 2.71 5.15
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.86

After-Tax Average Annual Total Returns [further-information] As of 07/31/2020

Month EndAs of 07/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.90 3.51 3.22 3.17
Fund without Sales Charge (%) (NAV) After Shares Sold 2.83 3.44 3.27 3.29
Fund with Sales Charge (%) (POP) Before Shares Sold -0.91 2.20 2.43 2.78
Fund with Sales Charge (%) (POP) After Shares Sold 0.53 2.42 2.65 2.97
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.76 3.08 2.88 3.11
Fund without Sales Charge (%) (NAV) After Shares Sold 2.16 3.13 3.02 3.25
Fund with Sales Charge (%) (POP) Before Shares Sold -2.03 1.78 2.10 2.71
Fund with Sales Charge (%) (POP) After Shares Sold -0.12 2.11 2.40 2.93

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 6.53 1.53 2.63 1.60 1.33 8.92 -5.50 6.14 10.88 1.35
Fund with Sales Charge (%) (POP) 2.55 -2.27 -1.75 -2.73 -2.96 4.28 -9.52 1.60 6.21 -2.95
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 07/31/2020

Month EndAs of 07/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/12/1988
Fund without Sales Charge (%) (NAV) 5.76 1.56 2.90 10.89 17.15 36.62 430.77
Fund with Sales Charge (%) (POP) 1.83 -2.28 -0.91 6.75 12.78 31.53 410.85
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/12/1988
Fund without Sales Charge (%) (NAV) 1.14 -0.16 1.76 9.54 15.23 35.77 421.74
Fund with Sales Charge (%) (POP) -2.68 -3.94 -2.03 5.45 10.94 30.68 402.16
Bloomberg Barclays Municipal Bond Index (%) 2.72 2.08 4.45 13.20 21.26 51.12 523.42

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 07/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 4.24 3.64 4.08
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.94 3.80 3.82
Sharpe Ratio 0.45 0.58 0.63
Information Ratio -0.89 -0.69 -0.81
Tracking Error 1.13 1.31 1.33

ADDITIONAL RISK STATISTICSAs of 07/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.94 0.87 0.98
Beta Bear 1.30 0.98 0.99
Bull Bear Capture Ratio 0.84 0.91 0.81
Gains/Losses 2.01 2.13 1.84

SALES CHARGE, EXPENSES & FEES As of 07/01/2020 (updated annually)

Gross Expense Ratio 0.67%
Net Expense Ratio [further-information] 0.67%
Max Initial Sales Charge 3.75%
CDSC 1.00%

Volatility Measures [further-information] As of 07/31/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.45
Standard Deviation 4.24

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index