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 02/29/2020

Month EndAs of 02/29/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 04/03/1985
Fund without Sales Charge (%) (NAV) 8.82 4.35 3.16 3.74 5.65
Fund with Sales Charge (%) (POP) 4.75 3.03 2.38 3.34 5.54
Bloomberg Barclays Municipal Bond Index (%) 9.46 5.32 4.01 4.51 6.54
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 04/03/1985
Fund without Sales Charge (%) (NAV) 6.76 3.64 2.66 3.57 5.59
Fund with Sales Charge (%) (POP) 2.74 2.32 1.88 3.18 5.47
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 6.48

After-Tax Average Annual Total Returns [further-information] As of 02/29/2020

Month EndAs of 02/29/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 8.82 4.35 3.16 3.74
Fund without Sales Charge (%) (NAV) After Shares Sold 6.32 3.99 3.09 3.63
Fund with Sales Charge (%) (POP) Before Shares Sold 4.74 3.03 2.38 3.34
Fund with Sales Charge (%) (POP) After Shares Sold 3.87 2.95 2.48 3.30
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.76 3.64 2.66 3.57
Fund without Sales Charge (%) (NAV) After Shares Sold 5.15 3.46 2.72 3.51
Fund with Sales Charge (%) (POP) Before Shares Sold 2.74 2.31 1.88 3.18
Fund with Sales Charge (%) (POP) After Shares Sold 2.73 2.43 2.11 3.19

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 02/29/2020

Month EndAs of 02/29/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 3.24 3.02 8.82 13.64 16.85 44.35 581.63
Fund with Sales Charge (%) (POP) -0.66 -0.87 4.75 9.36 12.51 38.89 556.04
Bloomberg Barclays Municipal Bond Index (%) 3.42 3.11 9.46 16.83 21.75 55.38 812.79
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 0.39 6.76 6.76 11.32 14.02 42.04 561.65
Fund with Sales Charge (%) (POP) -3.39 2.74 2.74 7.11 9.78 36.73 536.82
Bloomberg Barclays Municipal Bond Index (%) 0.74 7.54 7.54 14.85 18.93 52.95 785.26

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 02/29/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.54 2.59 3.40
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 2.60 3.01 3.46
Sharpe Ratio 1.05 0.80 0.93
Information Ratio -2.23 -1.25 -1.19
Tracking Error 0.43 0.68 0.64

ADDITIONAL RISK STATISTICSAs of 02/29/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.99 0.94 1.05
Beta Bear 0.86 0.72 0.89
Bull Bear Capture Ratio 0.84 0.93 0.89
% of Positive Months 69.44 71.67 67.50
Gains/Losses 3.33 2.56 2.32
Maximum Drawdown
2.01 3.76 7.10

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 1.05
Standard Deviation 2.54

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index