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 03/31/2020

Month EndAs of 05/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.56 2.93 2.56 3.00 5.28
Fund with Sales Charge (%) (POP) -0.32 1.64 1.78 2.60 5.16
Bloomberg Barclays Municipal Bond Index (%) 3.98 3.81 3.74 4.14 5.87
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.73 2.70 2.18 3.02 5.26
Fund with Sales Charge (%) (POP) -0.12 1.41 1.41 2.63 5.14
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.85

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 03/31/2020

Month EndAs of 05/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 1.64 3.56 9.06 13.48 34.34 439.96
Fund with Sales Charge (%) (POP) -2.16 -0.32 5.01 9.20 29.29 419.73
Bloomberg Barclays Municipal Bond Index (%) 1.24 3.98 11.87 20.17 49.98 548.50
Quarter EndAs of 03/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 0.10 3.73 8.32 11.41 34.71 431.74
Fund with Sales Charge (%) (POP) -3.65 -0.12 4.28 7.25 29.69 411.82
Bloomberg Barclays Municipal Bond Index (%) -0.63 3.85 12.35 17.00 50.11 536.49

After-Tax Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 05/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.57 2.93 2.56 3.00
Fund without Sales Charge (%) (NAV) After Shares Sold 3.17 2.93 2.69 3.11
Fund with Sales Charge (%) (POP) Before Shares Sold -0.32 1.64 1.78 2.60
Fund with Sales Charge (%) (POP) After Shares Sold 0.83 1.92 2.07 2.78
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.72 2.70 2.18 3.02
Fund without Sales Charge (%) (NAV) After Shares Sold 3.34 2.77 2.41 3.14
Fund with Sales Charge (%) (POP) Before Shares Sold -0.13 1.40 1.41 2.63
Fund with Sales Charge (%) (POP) After Shares Sold 1.02 1.76 1.80 2.82

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

Gross Expense Ratio 0.67%
Net Expense Ratio [further-information] 0.67%
Max Initial Sales Charge 3.75%
CDSC 1.00%

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

Sharpe Ratio 0.50
Standard Deviation 3.15

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index