Franklin North Carolina 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 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) 6.85 1.98 2.45 3.04 5.34
Fund with Sales Charge (%) (POP) 2.82 0.69 1.67 2.65 5.21
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) 6.85 1.98 2.45 3.04 5.34
Fund with Sales Charge (%) (POP) 2.82 0.69 1.67 2.65 5.21
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 5.94

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 1.27 1.56 1.15 1.55 8.67 -6.75 6.98 11.28 0.85 17.01
Fund with Sales Charge (%) (POP) -3.05 -2.78 -3.15 -2.77 4.03 -10.69 2.40 6.56 -3.45 12.04
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 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 5.74 6.85 6.07 12.85 34.90 430.06
Fund with Sales Charge (%) (POP) 1.75 2.82 2.09 8.65 29.85 410.21
Quarter EndAs of 09/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 5.74 6.85 6.07 12.85 34.90 430.06
Fund with Sales Charge (%) (POP) 1.75 2.82 2.09 8.65 29.85 410.21
Bloomberg Barclays Municipal Bond Index (%) 6.75 8.55 9.88 19.68 50.38 535.85

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 6.85 1.98 2.45 3.04
Fund without Sales Charge (%) (NAV) After Shares Sold 5.30 2.24 2.64 3.16
Fund with Sales Charge (%) (POP) Before Shares Sold 2.82 0.69 1.67 2.65
Fund with Sales Charge (%) (POP) After Shares Sold 2.86 1.23 2.02 2.84
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.85 1.98 2.45 3.04
Fund without Sales Charge (%) (NAV) After Shares Sold 5.30 2.24 2.64 3.16
Fund with Sales Charge (%) (POP) Before Shares Sold 2.82 0.69 1.67 2.65
Fund with Sales Charge (%) (POP) After Shares Sold 2.86 1.23 2.02 2.84

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 0.24
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