Franklin North Carolina Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.76 3.30 2.88 3.16 5.32
Fund with Sales Charge (%) (POP) 3.76 3.30 2.88 3.16 5.32
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.89
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.76 3.30 2.88 3.16 5.32
Fund with Sales Charge (%) (POP) 3.76 3.30 2.88 3.16 5.32
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.89

After-Tax Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.76 3.30 2.88 3.16
Fund without Sales Charge (%) (NAV) After Shares Sold 3.33 3.23 2.96 3.25
Fund with Sales Charge (%) (POP) Before Shares Sold 3.76 3.30 2.88 3.16
Fund with Sales Charge (%) (POP) After Shares Sold 3.33 3.23 2.96 3.25
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.76 3.30 2.88 3.16
Fund without Sales Charge (%) (NAV) After Shares Sold 3.33 3.23 2.96 3.25
Fund with Sales Charge (%) (POP) Before Shares Sold 3.76 3.30 2.88 3.16
Fund with Sales Charge (%) (POP) After Shares Sold 3.33 3.23 2.96 3.25

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 6.07 1.36 1.66 1.25 1.66 8.78 -6.58 7.00 11.39 0.95
Fund with Sales Charge (%) (POP) 6.07 1.36 1.66 1.25 1.66 8.78 -6.58 7.00 11.39 0.95
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 06/30/2020

Month EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 2.04 2.17 3.76 10.23 15.26 36.47 448.28
Fund with Sales Charge (%) (POP) 2.04 2.17 3.76 10.23 15.26 36.47 448.28
Bloomberg Barclays Municipal Bond Index (%) 2.72 2.08 4.45 13.20 21.26 51.12 553.83
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 2.04 2.17 3.76 10.23 15.26 36.47 448.28
Fund with Sales Charge (%) (POP) 2.04 2.17 3.76 10.23 15.26 36.47 448.28
Bloomberg Barclays Municipal Bond Index (%) 2.72 2.08 4.45 13.20 21.26 51.12 553.83

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.13 2.87 3.76
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.88 3.75 3.81
Sharpe Ratio 0.53 0.62 0.69
Information Ratio -0.82 -0.81 -0.81
Tracking Error 1.11 1.29 1.30

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

3 YR 5 YR 10 YR
Beta Bull 0.88 0.80 0.97
Beta Bear 0.65 0.66 0.83
Bull Bear Capture Ratio 0.98 0.98 0.85
Gains/Losses 2.26 2.23 1.92

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 0.53
Standard Deviation 3.13

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index