Franklin New Jersey 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 05/12/1988
Fund without Sales Charge (%) (NAV) 1.12 2.66 2.57 3.00 5.26
Fund with Sales Charge (%) (POP) -2.64 1.38 1.79 2.61 5.13
Bloomberg Barclays Municipal Bond Index (%) 3.98 3.81 3.74 4.14 5.85
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/12/1988
Fund without Sales Charge (%) (NAV) 2.65 2.89 2.38 3.18 5.28
Fund with Sales Charge (%) (POP) -1.22 1.59 1.61 2.79 5.15
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.82

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 6.53 1.53 2.63 1.60 1.33 8.92 -5.50 6.14 10.88 1.35
Fund with Sales Charge (%) (POP) 2.55 -2.27 -1.75 -2.73 -2.96 4.28 -9.52 1.60 6.21 -2.95
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 05/12/1988
Fund without Sales Charge (%) (NAV) -1.10 1.12 8.21 13.55 34.45 416.84
Fund with Sales Charge (%) (POP) -4.84 -2.64 4.19 9.27 29.43 397.44
Bloomberg Barclays Municipal Bond Index (%) 1.24 3.98 11.87 20.17 49.98 518.34
Quarter EndAs of 03/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/12/1988
Fund without Sales Charge (%) (NAV) -1.28 2.65 8.91 12.47 36.81 415.88
Fund with Sales Charge (%) (POP) -5.02 -1.22 4.86 8.29 31.64 396.51
Bloomberg Barclays Municipal Bond Index (%) -0.63 3.85 12.35 17.00 50.11 506.89

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 1.12 2.66 2.57 3.00
Fund without Sales Charge (%) (NAV) After Shares Sold 1.79 2.82 2.79 3.18
Fund with Sales Charge (%) (POP) Before Shares Sold -2.64 1.38 1.79 2.61
Fund with Sales Charge (%) (POP) After Shares Sold -0.48 1.81 2.17 2.86
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.65 2.89 2.38 3.18
Fund without Sales Charge (%) (NAV) After Shares Sold 2.78 3.00 2.65 3.33
Fund with Sales Charge (%) (POP) Before Shares Sold -1.22 1.59 1.60 2.79
Fund with Sales Charge (%) (POP) After Shares Sold 0.44 2.00 2.03 3.00

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 0.35
Standard Deviation 4.16

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index