Franklin North Carolina Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 10/31/2019

Month EndAs of 10/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/01/1987
Fund without Sales Charge (%) (NAV) 7.40 2.25 2.49 3.31 5.35
Fund with Sales Charge (%) (POP) 7.40 2.25 2.49 3.31 5.35
Bloomberg Barclays Municipal Bond Index (%) 9.42 3.62 3.55 4.40 5.93
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/01/1987
Fund without Sales Charge (%) (NAV) 6.96 2.08 2.55 3.14 5.37
Fund with Sales Charge (%) (POP) 6.96 2.08 2.55 3.14 5.37
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 5.94

After-Tax Average Annual Total Returns [further-information] As of 10/31/2019

Month EndAs of 10/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.40 2.25 2.49 3.31
Fund without Sales Charge (%) (NAV) After Shares Sold 5.66 2.47 2.69 3.41
Fund with Sales Charge (%) (POP) Before Shares Sold 7.40 2.25 2.49 3.31
Fund with Sales Charge (%) (POP) After Shares Sold 5.66 2.47 2.69 3.41
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.95 2.08 2.55 3.14
Fund without Sales Charge (%) (NAV) After Shares Sold 5.40 2.33 2.74 3.27
Fund with Sales Charge (%) (POP) Before Shares Sold 6.95 2.08 2.55 3.14
Fund with Sales Charge (%) (POP) After Shares Sold 5.40 2.33 2.74 3.27

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 1.36 1.66 1.25 1.66 8.78 -6.58 7.00 11.39 0.95 17.05
Fund with Sales Charge (%) (POP) 1.36 1.66 1.25 1.66 8.78 -6.58 7.00 11.39 0.95 17.05
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 10/31/2019

Month EndAs of 10/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 0.77 5.78 7.40 6.91 13.09 38.50 435.17
Fund with Sales Charge (%) (POP) 0.77 5.78 7.40 6.91 13.09 38.50 435.17
Bloomberg Barclays Municipal Bond Index (%) 0.94 6.94 9.42 11.24 19.08 53.88 536.99
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 1.31 5.81 6.96 6.37 13.41 36.23 435.35
Fund with Sales Charge (%) (POP) 1.31 5.81 6.96 6.37 13.41 36.23 435.35
Bloomberg Barclays Municipal Bond Index (%) 1.58 6.75 8.55 9.88 19.68 50.38 535.85

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.49 2.25 3.52
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.42 3.03 3.42
Sharpe Ratio 0.28 0.67 0.79
Information Ratio -1.05 -0.88 -0.84
Tracking Error 1.30 1.21 1.29

ADDITIONAL RISK STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.62 0.64 0.97
Beta Bear 0.64 0.64 0.95
Bull Bear Capture Ratio 0.89 0.95 0.83
% of Positive Months 63.89 70.00 70.00
Gains/Losses 1.93 2.26 2.08
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 10/31/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.28
Standard Deviation 2.49

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index