Franklin North Carolina Tax-Free Income Fund

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) 3.88 3.33 2.90 3.18 5.32
Fund with Sales Charge (%) (POP) 3.88 3.33 2.90 3.18 5.32
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) 3.88 3.33 2.90 3.18 5.32
Fund with Sales Charge (%) (POP) 3.88 3.33 2.90 3.18 5.32
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 3.88 3.33 2.90 3.18
Fund without Sales Charge (%) (NAV) After Shares Sold 3.42 3.25 2.97 3.27
Fund with Sales Charge (%) (POP) Before Shares Sold 3.88 3.33 2.90 3.18
Fund with Sales Charge (%) (POP) After Shares Sold 3.42 3.25 2.97 3.27
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.88 3.33 2.90 3.18
Fund without Sales Charge (%) (NAV) After Shares Sold 3.42 3.25 2.97 3.27
Fund with Sales Charge (%) (POP) Before Shares Sold 3.88 3.33 2.90 3.18
Fund with Sales Charge (%) (POP) After Shares Sold 3.42 3.25 2.97 3.27

Calendar Year Returns

2019 2018 2017
Fund without Sales Charge (%) (NAV) 6.01 1.39 1.66
Fund with Sales Charge (%) (POP) 6.01 1.39 1.66
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45

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) 2.05 2.27 3.88 10.32 15.36 36.72 448.93
Fund with Sales Charge (%) (POP) 2.05 2.27 3.88 10.32 15.36 36.72 448.93
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) 2.05 2.27 3.88 10.32 15.36 36.72 448.93
Fund with Sales Charge (%) (POP) 2.05 2.27 3.88 10.32 15.36 36.72 448.93
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) 3.20 2.90 3.77
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.88 3.75 3.81
Alpha -0.36 -0.34 -0.82
Beta 0.80 0.74 0.93
Sharpe Ratio 0.53 0.60 0.67
Information Ratio -0.82 -0.83 -0.85
Tracking Error 1.08 1.31 1.31
R-Squared 0.94 0.91 0.88

ADDITIONAL RISK STATISTICSAs of 06/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.90 0.82 0.98
Beta Bear 0.65 0.65 0.83
Bull Bear Capture Ratio 0.97 0.96 0.84
% of Positive Months 66.67 71.67 69.17
Gains/Losses 2.20 2.17 1.89
Maximum Drawdown
3.78 3.78 9.03

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

Gross Expense Ratio 0.55%
Net Expense Ratio [further-information] 0.54%
Max Initial Sales Charge 0.00%
CDSC

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

Beta 0.80
Sharpe Ratio 0.53
Standard Deviation 3.20

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index