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 12/31/2019

Month EndAs of 02/29/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/12/1988
Fund without Sales Charge (%) (NAV) 8.78 4.36 3.29 3.67 5.44
Fund with Sales Charge (%) (POP) 4.73 3.02 2.50 3.27 5.32
Bloomberg Barclays Municipal Bond Index (%) 9.46 5.32 4.01 4.51 5.96
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/12/1988
Fund without Sales Charge (%) (NAV) 6.53 3.54 2.71 3.45 5.37
Fund with Sales Charge (%) (POP) 2.55 2.22 1.92 3.05 5.24
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.89

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 12/31/2019

Month EndAs of 02/29/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/12/1988
Fund without Sales Charge (%) (NAV) 3.22 8.78 13.65 17.59 43.40 439.41
Fund with Sales Charge (%) (POP) -0.69 4.73 9.35 13.14 37.99 419.16
Bloomberg Barclays Municipal Bond Index (%) 3.11 9.46 16.83 21.75 55.38 529.73
Quarter EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/12/1988
Fund without Sales Charge (%) (NAV) 6.53 6.53 11.01 14.28 40.32 422.59
Fund with Sales Charge (%) (POP) 2.55 2.55 6.80 9.97 35.01 402.98
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 510.74

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 8.78 4.36 3.30 3.67
Fund without Sales Charge (%) (NAV) After Shares Sold 6.43 4.12 3.34 3.70
Fund with Sales Charge (%) (POP) Before Shares Sold 4.73 3.03 2.50 3.27
Fund with Sales Charge (%) (POP) After Shares Sold 3.99 3.08 2.71 3.37
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.53 3.54 2.71 3.44
Fund without Sales Charge (%) (NAV) After Shares Sold 5.16 3.52 2.90 3.54
Fund with Sales Charge (%) (POP) Before Shares Sold 2.55 2.22 1.92 3.05
Fund with Sales Charge (%) (POP) After Shares Sold 2.75 2.49 2.28 3.21

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 1.24
Standard Deviation 2.16

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index