Franklin New Jersey Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 05/12/1988
Fund without Sales Charge (%) (NAV) 7.44 2.62 2.99 3.40 5.44
Fund with Sales Charge (%) (POP) 7.44 2.62 2.99 3.40 5.44
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) 7.44 2.62 2.99 3.40 5.44
Fund with Sales Charge (%) (POP) 7.44 2.62 2.99 3.40 5.44
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 09/30/2019

Month EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.44 2.62 2.99 3.40
Fund without Sales Charge (%) (NAV) After Shares Sold 5.82 2.84 3.16 3.52
Fund with Sales Charge (%) (POP) Before Shares Sold 7.44 2.62 2.99 3.40
Fund with Sales Charge (%) (POP) After Shares Sold 5.82 2.84 3.16 3.52
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.44 2.62 2.99 3.40
Fund without Sales Charge (%) (NAV) After Shares Sold 5.82 2.84 3.16 3.52
Fund with Sales Charge (%) (POP) Before Shares Sold 7.44 2.62 2.99 3.40
Fund with Sales Charge (%) (POP) After Shares Sold 5.82 2.84 3.16 3.52

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 1.63 2.81 1.69 1.43 9.03 -5.40 6.25 10.88 1.54 15.33
Fund with Sales Charge (%) (POP) 1.63 2.81 1.69 1.43 9.03 -5.40 6.25 10.88 1.54 15.33
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 09/30/2019

Month 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) 1.62 6.26 7.44 8.08 15.86 39.72 427.01
Fund with Sales Charge (%) (POP) 1.62 6.26 7.44 8.08 15.86 39.72 427.01
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) 1.62 6.26 7.44 8.08 15.86 39.72 427.01
Fund with Sales Charge (%) (POP) 1.62 6.26 7.44 8.08 15.86 39.72 427.01
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) 2.47 2.35 3.54
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.42 3.03 3.42
Sharpe Ratio 0.50 0.82 0.86
Information Ratio -0.63 -0.54 -0.64
Tracking Error 1.30 1.20 1.30

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

3 YR 5 YR 10 YR
Beta Bull 0.64 0.70 0.98
Beta Bear 0.66 0.64 0.88
Bull Bear Capture Ratio 1.05 1.05 0.86
% of Positive Months 66.67 68.33 67.50
Gains/Losses 2.30 2.49 2.15
Maximum Drawdown
1.08 3.15 8.38

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 0.50
Standard Deviation 2.47

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index