Franklin New Jersey 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 12/31/2019

Month EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/12/1988
Fund without Sales Charge (%) (NAV) 6.53 3.54 2.71 3.45 5.37
Fund with Sales Charge (%) (POP) 2.55 2.22 1.92 3.05 5.24
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.89
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/12/1988
Fund without Sales Charge (%) (NAV) 6.53 3.54 2.71 3.45 5.37
Fund with Sales Charge (%) (POP) 2.55 2.22 1.92 3.05 5.24
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.89

After-Tax Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.53 3.54 2.71 3.44
Fund without Sales Charge (%) (NAV) After Shares Sold 5.16 3.52 2.90 3.54
Fund with Sales Charge (%) (POP) Before Shares Sold 2.55 2.22 1.92 3.05
Fund with Sales Charge (%) (POP) After Shares Sold 2.75 2.49 2.28 3.21
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.53 3.54 2.71 3.44
Fund without Sales Charge (%) (NAV) After Shares Sold 5.16 3.52 2.90 3.54
Fund with Sales Charge (%) (POP) Before Shares Sold 2.55 2.22 1.92 3.05
Fund with Sales Charge (%) (POP) After Shares Sold 2.75 2.49 2.28 3.21

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 6.53 1.53 2.63 1.60 1.33 8.92 -5.50 6.14 10.88 1.35
Fund with Sales Charge (%) (POP) 2.55 -2.77 -1.75 -2.73 -2.96 4.28 -9.52 1.60 6.21 -2.95
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 12/31/2019

Month EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/12/1988
Fund without Sales Charge (%) (NAV) 0.33 6.53 6.53 11.01 14.28 40.32 422.59
Fund with Sales Charge (%) (POP) -3.46 2.55 2.55 6.80 9.97 35.01 402.98
Bloomberg Barclays Municipal Bond Index (%) 0.74 7.54 7.54 14.85 18.93 52.95 510.74
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/12/1988
Fund without Sales Charge (%) (NAV) 0.33 6.53 6.53 11.01 14.28 40.32 422.59
Fund with Sales Charge (%) (POP) -3.46 2.55 2.55 6.80 9.97 35.01 402.98
Bloomberg Barclays Municipal Bond Index (%) 0.74 7.54 7.54 14.85 18.93 52.95 510.74

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 1.89 2.32 3.54
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 2.44 3.03 3.42
Sharpe Ratio 1.02 0.72 0.82
Information Ratio -1.24 -0.70 -0.71
Tracking Error 0.95 1.17 1.25

ADDITIONAL RISK STATISTICSAs of 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.68 0.70 0.98
Beta Bear 0.75 0.64 0.89
Bull Bear Capture Ratio 1.03 1.00 0.85
% of Positive Months 69.44 66.67 67.50
Gains/Losses 3.65 2.40 2.11
Maximum Drawdown
1.10 3.18 8.53

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

Gross Expense Ratio 0.68%
Net Expense Ratio [further-information] 0.68%
Max Initial Sales Charge 3.75%
CDSC 0.75%

Volatility Measures [further-information] As of 12/31/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 1.02
Standard Deviation 1.89

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index