Franklin North Carolina Tax-Free Income Fund

New investors must invest in new Class A shares. This A1 share class is available only for existing investors as of 9/7/18.

New investors must invest in new Class A shares. This A1 share class is available only for existing investors as of 9/7/18.

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) 3.74 3.20 2.76 3.06 5.29
Fund with Sales Charge (%) (POP) -0.15 1.90 1.99 2.66 5.16
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) 3.74 3.20 2.76 3.06 5.29
Fund with Sales Charge (%) (POP) -0.15 1.90 1.99 2.66 5.16
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 3.75 3.20 2.76 3.06
Fund without Sales Charge (%) (NAV) After Shares Sold 3.28 3.13 2.84 3.15
Fund with Sales Charge (%) (POP) Before Shares Sold -0.15 1.90 1.99 2.66
Fund with Sales Charge (%) (POP) After Shares Sold 0.94 2.11 2.23 2.83
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.75 3.20 2.76 3.06
Fund without Sales Charge (%) (NAV) After Shares Sold 3.28 3.13 2.84 3.15
Fund with Sales Charge (%) (POP) Before Shares Sold -0.15 1.90 1.99 2.66
Fund with Sales Charge (%) (POP) After Shares Sold 0.94 2.11 2.23 2.83

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 5.97 1.27 1.56 1.15 1.55 8.67 -6.75 6.98 11.28 0.85
Fund with Sales Charge (%) (POP) 1.97 -2.56 -2.78 -3.15 -2.77 4.03 -10.69 2.40 6.56 -3.45
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) 2.02 2.12 3.74 9.91 14.61 35.13 442.46
Fund with Sales Charge (%) (POP) -1.82 -1.70 -0.15 5.80 10.35 30.02 422.14
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) 2.02 2.12 3.74 9.91 14.61 35.13 442.46
Fund with Sales Charge (%) (POP) -1.82 -1.70 -0.15 5.80 10.35 30.02 422.14
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) 3.15 2.87 3.75
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.88 3.75 3.81
Sharpe Ratio 0.50 0.58 0.66
Information Ratio -0.92 -0.88 -0.88
Tracking Error 1.10 1.32 1.31

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 0.65 0.83
Bull Bear Capture Ratio 0.95 0.95 0.84
% of Positive Months 66.67 71.67 69.17
Gains/Losses 2.18 2.15 1.89
Maximum Drawdown
3.80 3.80 9.03

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

Gross Expense Ratio 0.67%
Net Expense Ratio [further-information] 0.67%
Max Initial Sales Charge 3.75%
CDSC 1.00%

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

Sharpe Ratio 0.50
Standard Deviation 3.15

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index