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 10/31/2019

Month EndAs of 10/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 05/12/1988
Fund without Sales Charge (%) (NAV) 7.76 2.69 2.80 3.46 5.38
Fund with Sales Charge (%) (POP) 3.69 1.39 2.01 3.07 5.25
Bloomberg Barclays Municipal Bond Index (%) 9.42 3.62 3.55 4.40 5.90
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 05/12/1988
Fund without Sales Charge (%) (NAV) 7.34 2.53 2.87 3.29 5.40
Fund with Sales Charge (%) (POP) 3.32 1.23 2.08 2.90 5.27
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 5.91

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 7.76 2.69 2.80 3.46
Fund without Sales Charge (%) (NAV) After Shares Sold 5.95 2.87 2.98 3.56
Fund with Sales Charge (%) (POP) Before Shares Sold 3.69 1.39 2.01 3.07
Fund with Sales Charge (%) (POP) After Shares Sold 3.49 1.85 2.36 3.23
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.34 2.52 2.87 3.29
Fund without Sales Charge (%) (NAV) After Shares Sold 5.72 2.75 3.05 3.42
Fund with Sales Charge (%) (POP) Before Shares Sold 3.32 1.23 2.08 2.90
Fund with Sales Charge (%) (POP) After Shares Sold 3.29 1.74 2.42 3.09

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 1.53 2.63 1.60 1.33 8.92 -5.50 6.14 10.88 1.35 15.22
Fund with Sales Charge (%) (POP) -2.77 -1.75 -2.73 -2.96 4.28 -9.52 1.60 6.21 -2.95 10.33
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 05/12/1988
Fund without Sales Charge (%) (NAV) 0.95 6.15 7.76 8.30 14.80 40.58 420.70
Fund with Sales Charge (%) (POP) -2.79 2.18 3.69 4.22 10.46 35.27 401.16
Bloomberg Barclays Municipal Bond Index (%) 0.94 6.94 9.42 11.24 19.08 53.88 507.36
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/12/1988
Fund without Sales Charge (%) (NAV) 1.59 6.19 7.34 7.77 15.21 38.26 420.89
Fund with Sales Charge (%) (POP) -2.19 2.22 3.32 3.74 10.86 33.03 401.33
Bloomberg Barclays Municipal Bond Index (%) 1.58 6.75 8.55 9.88 19.68 50.38 506.28

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.46 2.33 3.54
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.42 3.03 3.42
Sharpe Ratio 0.46 0.78 0.83
Information Ratio -0.72 -0.64 -0.73
Tracking Error 1.28 1.17 1.28

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

3 YR 5 YR 10 YR
Beta Bull 0.64 0.69 0.97
Beta Bear 0.66 0.64 0.89
Bull Bear Capture Ratio 1.02 1.02 0.84
% of Positive Months 66.67 66.67 66.67
Gains/Losses 2.25 2.44 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 10/31/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.46
Standard Deviation 2.46

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index