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 12/31/2019

Month EndAs of 02/29/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 7.66 3.46 2.71 3.32 5.36
Fund with Sales Charge (%) (POP) 3.63 2.14 1.93 2.93 5.23
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) 5.97 2.91 2.28 3.14 5.30
Fund with Sales Charge (%) (POP) 1.97 1.62 1.51 2.75 5.18
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.91

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 5.97 1.27 1.56 1.15 1.55 8.67 -6.75 6.98 11.28 0.85
Fund with Sales Charge (%) (POP) 1.97 -2.56 -2.78 -3.15 -2.77 4.03 -10.69 2.40 6.56 -3.45
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45 0.25 3.30 9.05 -2.55 6.78 10.70 2.38

Cumulative Total Returns [further-information] As of 12/31/2019

Month EndAs of 02/29/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 2.65 7.66 10.74 14.31 38.58 445.28
Fund with Sales Charge (%) (POP) -1.19 3.63 6.55 10.05 33.42 424.85
Bloomberg Barclays Municipal Bond Index (%) 3.11 9.46 16.83 21.75 55.38 560.45
Quarter EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 5.97 5.97 8.98 11.95 36.21 431.22
Fund with Sales Charge (%) (POP) 1.97 1.97 4.93 7.79 31.12 411.32
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 540.53

After-Tax Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 02/29/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.67 3.46 2.71 3.32
Fund without Sales Charge (%) (NAV) After Shares Sold 5.69 3.34 2.81 3.37
Fund with Sales Charge (%) (POP) Before Shares Sold 3.63 2.14 1.93 2.92
Fund with Sales Charge (%) (POP) After Shares Sold 3.26 2.31 2.19 3.05
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.97 2.91 2.28 3.14
Fund without Sales Charge (%) (NAV) After Shares Sold 4.73 2.95 2.50 3.24
Fund with Sales Charge (%) (POP) Before Shares Sold 1.97 1.62 1.51 2.75
Fund with Sales Charge (%) (POP) After Shares Sold 2.32 1.94 1.89 2.92

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 1.00%

Volatility Measures [further-information] As of 02/29/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.85
Standard Deviation 2.10

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index