Franklin North Carolina Tax-Free Income Fund

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) 1.86 2.23 2.13 2.89 5.24
Fund with Sales Charge (%) (POP) 1.86 2.23 2.13 2.89 5.24
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) 3.95 2.82 2.30 3.15 5.30
Fund with Sales Charge (%) (POP) 3.95 2.82 2.30 3.15 5.30
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 1.86 2.23 2.13 2.89
Fund without Sales Charge (%) (NAV) After Shares Sold 2.24 2.43 2.40 3.07
Fund with Sales Charge (%) (POP) Before Shares Sold 1.86 2.23 2.13 2.89
Fund with Sales Charge (%) (POP) After Shares Sold 2.24 2.43 2.40 3.07
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.95 2.82 2.30 3.15
Fund without Sales Charge (%) (NAV) After Shares Sold 3.53 2.89 2.52 3.27
Fund with Sales Charge (%) (POP) Before Shares Sold 3.95 2.82 2.30 3.15
Fund with Sales Charge (%) (POP) After Shares Sold 3.53 2.89 2.52 3.27

Calendar Year Returns

2019 2018 2017
Fund without Sales Charge (%) (NAV) 6.01 1.39 1.66
Fund with Sales Charge (%) (POP) 6.01 1.39 1.66
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45

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) -2.69 -1.13 1.86 6.84 11.11 33.01 430.70
Fund with Sales Charge (%) (POP) -2.69 -1.13 1.86 6.84 11.11 33.01 430.70
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) 0.22 0.22 3.95 8.71 12.04 36.41 437.90
Fund with Sales Charge (%) (POP) 0.22 0.22 3.95 8.71 12.04 36.41 437.90
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 05/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.22 2.92 3.77
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.89 3.75 3.80
Alpha -0.32 -0.41 -0.82
Beta 0.80 0.74 0.93
Sharpe Ratio 0.43 0.52 0.65
Information Ratio -0.70 -0.84 -0.84
Tracking Error 1.07 1.31 1.30
R-Squared 0.94 0.91 0.89

ADDITIONAL RISK STATISTICSAs of 05/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.91 0.82 0.98
Beta Bear 0.65 0.63 0.83
Bull Bear Capture Ratio 0.98 0.93 0.84
Gains/Losses 2.06 2.04 1.87

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

Gross Expense Ratio 0.56%
Net Expense Ratio [further-information] 0.54%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 05/31/2020 Updated Monthly, based on a 3-year period

Beta 0.80
Sharpe Ratio 0.43
Standard Deviation 3.22

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index