Franklin North Carolina Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 02/29/2020

Month EndAs of 02/29/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 7.77 3.56 2.81 3.42 5.39
Fund with Sales Charge (%) (POP) 7.77 3.56 2.81 3.42 5.39
Bloomberg Barclays Municipal Bond Index (%) 9.46 5.32 4.01 4.51 5.98
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 6.07 3.01 2.38 3.24 5.33
Fund with Sales Charge (%) (POP) 6.07 3.01 2.38 3.24 5.33
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.91

After-Tax Average Annual Total Returns [further-information] As of 02/29/2020

Month EndAs of 02/29/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.77 3.56 2.81 3.42
Fund without Sales Charge (%) (NAV) After Shares Sold 5.80 3.44 2.91 3.47
Fund with Sales Charge (%) (POP) Before Shares Sold 7.77 3.56 2.81 3.42
Fund with Sales Charge (%) (POP) After Shares Sold 5.80 3.44 2.91 3.47
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.07 3.01 2.38 3.24
Fund without Sales Charge (%) (NAV) After Shares Sold 4.83 3.05 2.59 3.34
Fund with Sales Charge (%) (POP) Before Shares Sold 6.07 3.01 2.38 3.24
Fund with Sales Charge (%) (POP) After Shares Sold 4.83 3.05 2.59 3.34

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 02/29/2020

Month EndAs of 02/29/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 2.82 2.66 7.77 11.06 14.87 39.95 450.94
Fund with Sales Charge (%) (POP) 2.82 2.66 7.77 11.06 14.87 39.95 450.94
Bloomberg Barclays Municipal Bond Index (%) 3.42 3.11 9.46 16.83 21.75 55.38 560.45
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 0.24 6.07 6.07 9.30 12.50 37.56 436.66
Fund with Sales Charge (%) (POP) 0.24 6.07 6.07 9.30 12.50 37.56 436.66
Bloomberg Barclays Municipal Bond Index (%) 0.74 7.54 7.54 14.85 18.93 52.95 540.53

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 02/29/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.08 2.25 3.54
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 2.60 3.01 3.46
Sharpe Ratio 0.90 0.77 0.80
Information Ratio -1.70 -1.01 -0.87
Tracking Error 1.04 1.19 1.25

ADDITIONAL RISK STATISTICSAs of 02/29/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.72 0.69 0.98
Beta Bear 0.50 0.64 0.95
Bull Bear Capture Ratio 0.86 0.95 0.83
% of Positive Months 66.67 71.67 70.00
Gains/Losses 3.22 2.54 2.11
Maximum Drawdown
1.49 3.27 8.97

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 02/29/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.90
Standard Deviation 2.08

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index