Franklin New Jersey Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/12/1988
Fund without Sales Charge (%) (NAV) 1.23 2.76 2.67 3.11 5.30
Fund with Sales Charge (%) (POP) 1.23 2.76 2.67 3.11 5.30
Bloomberg Barclays Municipal Bond Index (%) 3.98 3.81 3.74 4.14 5.85
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/12/1988
Fund without Sales Charge (%) (NAV) 2.75 3.01 2.48 3.29 5.32
Fund with Sales Charge (%) (POP) 2.75 3.01 2.48 3.29 5.32
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.82

After-Tax Average Annual Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.23 2.76 2.67 3.11
Fund without Sales Charge (%) (NAV) After Shares Sold 1.89 2.91 2.89 3.29
Fund with Sales Charge (%) (POP) Before Shares Sold 1.23 2.76 2.67 3.11
Fund with Sales Charge (%) (POP) After Shares Sold 1.89 2.91 2.89 3.29
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.75 3.01 2.47 3.29
Fund without Sales Charge (%) (NAV) After Shares Sold 2.88 3.13 2.74 3.44
Fund with Sales Charge (%) (POP) Before Shares Sold 2.75 3.01 2.47 3.29
Fund with Sales Charge (%) (POP) After Shares Sold 2.88 3.13 2.74 3.44

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 6.63 1.63 2.81 1.69 1.43 9.03 -5.40 6.25 10.88 1.54
Fund with Sales Charge (%) (POP) 6.63 1.63 2.81 1.69 1.43 9.03 -5.40 6.25 10.88 1.54
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 05/31/2020

Month EndAs of 05/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/12/1988
Fund without Sales Charge (%) (NAV) -4.16 -1.06 1.23 8.52 14.09 35.87 423.28
Fund with Sales Charge (%) (POP) -4.16 -1.06 1.23 8.52 14.09 35.87 423.28
Bloomberg Barclays Municipal Bond Index (%) -1.81 1.24 3.98 11.87 20.17 49.98 518.34
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/12/1988
Fund without Sales Charge (%) (NAV) -1.26 -1.26 2.75 9.32 13.01 38.25 422.22
Fund with Sales Charge (%) (POP) -1.26 -1.26 2.75 9.32 13.01 38.25 422.22
Bloomberg Barclays Municipal Bond Index (%) -0.63 -0.63 3.85 12.35 17.00 50.11 506.89

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 06/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 4.16 3.58 4.07
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.88 3.75 3.81
Sharpe Ratio 0.37 0.52 0.65
Information Ratio -0.91 -0.71 -0.75
Tracking Error 1.13 1.35 1.34

ADDITIONAL RISK STATISTICSAs of 06/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.93 0.84 0.98
Beta Bear 1.30 0.98 0.98
Bull Bear Capture Ratio 0.84 0.90 0.82
Gains/Losses 1.93 2.05 1.85

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

Gross Expense Ratio 0.57%
Net Expense Ratio [further-information] 0.57%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 06/30/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.37
Standard Deviation 4.16

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index