Franklin Minnesota 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 06/30/2020

Month EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 04/03/1985
Fund without Sales Charge (%) (NAV) 4.66 3.67 3.19 3.55 5.59
Fund with Sales Charge (%) (POP) 0.77 2.36 2.40 3.15 5.47
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 6.45
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 04/03/1985
Fund without Sales Charge (%) (NAV) 4.66 3.67 3.19 3.55 5.59
Fund with Sales Charge (%) (POP) 0.77 2.36 2.40 3.15 5.47
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 6.45

After-Tax Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.66 3.68 3.19 3.55
Fund without Sales Charge (%) (NAV) After Shares Sold 3.77 3.46 3.11 3.47
Fund with Sales Charge (%) (POP) Before Shares Sold 0.77 2.36 2.40 3.15
Fund with Sales Charge (%) (POP) After Shares Sold 1.42 2.43 2.48 3.14
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.66 3.68 3.19 3.55
Fund without Sales Charge (%) (NAV) After Shares Sold 3.77 3.46 3.11 3.47
Fund with Sales Charge (%) (POP) Before Shares Sold 0.77 2.36 2.40 3.15
Fund with Sales Charge (%) (POP) After Shares Sold 1.42 2.43 2.48 3.14

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 6.76 0.32 3.94 0.27 2.15 8.17 -3.77 6.61 10.92 1.20
Fund with Sales Charge (%) (POP) 2.74 -3.44 -0.46 -4.01 -2.17 3.56 -7.88 2.08 6.24 -3.12
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 06/30/2020

Month EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 2.16 2.67 4.66 11.43 16.98 41.78 579.31
Fund with Sales Charge (%) (POP) -1.70 -1.21 0.77 7.26 12.57 36.42 553.81
Bloomberg Barclays Municipal Bond Index (%) 2.72 2.08 4.45 13.20 21.26 51.12 803.64
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 2.16 2.67 4.66 11.43 16.98 41.78 579.31
Fund with Sales Charge (%) (POP) -1.70 -1.21 0.77 7.26 12.57 36.42 553.81
Bloomberg Barclays Municipal Bond Index (%) 2.72 2.08 4.45 13.20 21.26 51.12 803.64

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 06/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.69 3.33 3.71
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.88 3.75 3.81
Sharpe Ratio 0.55 0.63 0.80
Information Ratio -0.58 -0.79 -0.84
Tracking Error 0.93 0.93 0.78

ADDITIONAL RISK STATISTICSAs of 06/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 1.11 1.05 1.08
Beta Bear 0.62 0.66 0.81
Bull Bear Capture Ratio 0.95 0.95 0.92
% of Positive Months 66.67 73.33 66.67
Gains/Losses 2.18 2.19 2.11
Maximum Drawdown
4.14 4.14 7.10

SALES CHARGE, EXPENSES & FEES As of 07/01/2020 (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 06/30/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.55
Standard Deviation 3.69

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index