Franklin North Carolina Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 02/29/2020

Month EndAs of 02/29/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 7.90 3.58 2.83 3.43 5.40
Fund with Sales Charge (%) (POP) 7.90 3.58 2.83 3.43 5.40
Bloomberg Barclays Municipal Bond Index (%) 9.46 5.32 4.01 4.51 5.98
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 6.01 3.00 2.38 3.25 5.33
Fund with Sales Charge (%) (POP) 6.01 3.00 2.38 3.25 5.33
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.91

After-Tax Average Annual Total Returns [further-information] As of 02/29/2020

Month EndAs of 02/29/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.90 3.58 2.83 3.43
Fund without Sales Charge (%) (NAV) After Shares Sold 5.89 3.46 2.92 3.48
Fund with Sales Charge (%) (POP) Before Shares Sold 7.90 3.58 2.83 3.43
Fund with Sales Charge (%) (POP) After Shares Sold 5.89 3.46 2.92 3.48
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.01 3.00 2.38 3.25
Fund without Sales Charge (%) (NAV) After Shares Sold 4.81 3.04 2.60 3.36
Fund with Sales Charge (%) (POP) Before Shares Sold 6.01 3.00 2.38 3.25
Fund with Sales Charge (%) (POP) After Shares Sold 4.81 3.04 2.60 3.36

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 02/29/2020

Month EndAs of 02/29/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 2.91 2.76 7.90 11.13 14.95 40.13 451.53
Fund with Sales Charge (%) (POP) 2.91 2.76 7.90 11.13 14.95 40.13 451.53
Bloomberg Barclays Municipal Bond Index (%) 3.42 3.11 9.46 16.83 21.75 55.38 560.45
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 0.17 6.01 6.01 9.28 12.48 37.68 436.74
Fund with Sales Charge (%) (POP) 0.17 6.01 6.01 9.28 12.48 37.68 436.74
Bloomberg Barclays Municipal Bond Index (%) 0.74 7.54 7.54 14.85 18.93 52.95 540.53

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 02/29/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.17 2.28 3.54
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 2.60 3.01 3.46
Alpha -0.83 -0.34 -0.94
Beta 0.76 0.70 0.96
Sharpe Ratio 0.87 0.74 0.78
Information Ratio -1.71 -1.01 -0.91
Tracking Error 1.02 1.22 1.26
R-Squared 0.85 0.86 0.88

ADDITIONAL RISK STATISTICSAs of 02/29/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.76 0.71 0.98
Beta Bear 0.58 0.63 0.94
Bull Bear Capture Ratio 0.84 0.94 0.82
% of Positive Months 66.67 71.67 70.00
Gains/Losses 3.07 2.47 2.07
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 02/29/2020 Updated Monthly, based on a 3-year period

Beta 0.76
Sharpe Ratio 0.87
Standard Deviation 2.17

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index