Franklin North Carolina 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 09/01/1987
Fund without Sales Charge (%) (NAV) 6.99 2.10 2.56 3.16 5.37
Fund with Sales Charge (%) (POP) 6.99 2.10 2.56 3.16 5.37
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) 6.99 2.10 2.56 3.16 5.37
Fund with Sales Charge (%) (POP) 6.99 2.10 2.56 3.16 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 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 6.99 2.10 2.56 3.16
Fund without Sales Charge (%) (NAV) After Shares Sold 5.44 2.35 2.75 3.28
Fund with Sales Charge (%) (POP) Before Shares Sold 6.99 2.10 2.56 3.16
Fund with Sales Charge (%) (POP) After Shares Sold 5.44 2.35 2.75 3.28
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.99 2.10 2.56 3.16
Fund without Sales Charge (%) (NAV) After Shares Sold 5.44 2.35 2.75 3.28
Fund with Sales Charge (%) (POP) Before Shares Sold 6.99 2.10 2.56 3.16
Fund with Sales Charge (%) (POP) After Shares Sold 5.44 2.35 2.75 3.28

Calendar Year Returns

2018 2017
Fund without Sales Charge (%) (NAV) 1.39 1.66
Fund with Sales Charge (%) (POP) 1.39 1.66
Bloomberg Barclays Municipal Bond Index (%) 1.28 5.45

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 09/01/1987
Fund without Sales Charge (%) (NAV) 1.41 5.84 6.99 6.44 13.47 36.45 435.85
Fund with Sales Charge (%) (POP) 1.41 5.84 6.99 6.44 13.47 36.45 435.85
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) 1.41 5.84 6.99 6.44 13.47 36.45 435.85
Fund with Sales Charge (%) (POP) 1.41 5.84 6.99 6.44 13.47 36.45 435.85
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) 2.52 2.27 3.52
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.42 3.03 3.42
Alpha -0.73 -0.32 -0.95
Beta 0.69 0.69 0.96
Sharpe Ratio 0.26 0.64 0.77
Information Ratio -1.05 -0.91 -0.91
Tracking Error 1.33 1.24 1.29
R-Squared 0.89 0.87 0.87

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

3 YR 5 YR 10 YR
Beta Bull 0.66 0.67 0.98
Beta Bear 0.62 0.63 0.94
Bull Bear Capture Ratio 0.87 0.93 0.82
% of Positive Months 63.89 70.00 70.00
Gains/Losses 1.88 2.19 2.04
Maximum Drawdown
1.56 3.21 9.03

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

Gross Expense Ratio 0.56%
Net Expense Ratio [further-information] 0.54%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 10/31/2019 Updated Monthly, based on a 3-year period

Beta 0.69
Sharpe Ratio 0.26
Standard Deviation 2.52

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index