Franklin New Jersey Tax-Free Income Fund

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) 7.28 3.70 2.87 3.59 5.41
Fund with Sales Charge (%) (POP) 7.28 3.70 2.87 3.59 5.41
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) 7.44 2.62 2.99 3.40 5.44
Fund with Sales Charge (%) (POP) 7.44 2.62 2.99 3.40 5.44
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 7.28 3.70 2.87 3.59
Fund without Sales Charge (%) (NAV) After Shares Sold 5.67 3.67 3.06 3.68
Fund with Sales Charge (%) (POP) Before Shares Sold 7.28 3.70 2.87 3.59
Fund with Sales Charge (%) (POP) After Shares Sold 5.67 3.67 3.06 3.68
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.44 2.62 2.99 3.40
Fund without Sales Charge (%) (NAV) After Shares Sold 5.82 2.84 3.16 3.52
Fund with Sales Charge (%) (POP) Before Shares Sold 7.44 2.62 2.99 3.40
Fund with Sales Charge (%) (POP) After Shares Sold 5.82 2.84 3.16 3.52

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 1.63 2.81 1.69 1.43 9.03 -5.40 6.25 10.88 1.54 15.33
Fund with Sales Charge (%) (POP) 1.63 2.81 1.69 1.43 9.03 -5.40 6.25 10.88 1.54 15.33
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) -0.52 6.37 7.28 11.51 15.22 42.32 427.58
Fund with Sales Charge (%) (POP) -0.52 6.37 7.28 11.51 15.22 42.32 427.58
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) 1.62 6.26 7.44 8.08 15.86 39.72 427.01
Fund with Sales Charge (%) (POP) 1.62 6.26 7.44 8.08 15.86 39.72 427.01
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) 1.90 2.35 3.54
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 2.48 3.03 3.42
Sharpe Ratio 1.11 0.79 0.86
Information Ratio -1.27 -0.58 -0.59
Tracking Error 1.04 1.20 1.26

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

3 YR 5 YR 10 YR
Beta Bull 0.65 0.71 0.98
Beta Bear 0.75 0.64 0.88
Bull Bear Capture Ratio 1.03 1.04 0.87
% of Positive Months 69.44 68.33 68.33
Gains/Losses 3.77 2.48 2.16
Maximum Drawdown
1.08 3.15 8.38

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

Gross Expense Ratio 0.58%
Net Expense Ratio [further-information] 0.58%
Max Initial Sales Charge 0.00%
CDSC

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

Sharpe Ratio 1.11
Standard Deviation 1.90

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index