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 05/31/2020

Month EndAs of 05/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 04/03/1985
Fund without Sales Charge (%) (NAV) 4.69 3.44 3.09 3.53 5.59
Fund with Sales Charge (%) (POP) 0.78 2.15 2.30 3.13 5.48
Bloomberg Barclays Municipal Bond Index (%) 3.98 3.81 3.74 4.14 6.44
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 04/03/1985
Fund without Sales Charge (%) (NAV) 4.52 3.47 2.58 3.51 5.56
Fund with Sales Charge (%) (POP) 0.58 2.15 1.81 3.12 5.45
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 6.41

After-Tax Average Annual Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.69 3.44 3.09 3.53
Fund without Sales Charge (%) (NAV) After Shares Sold 3.79 3.28 3.04 3.46
Fund with Sales Charge (%) (POP) Before Shares Sold 0.78 2.14 2.30 3.13
Fund with Sales Charge (%) (POP) After Shares Sold 1.44 2.27 2.41 3.13
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.52 3.47 2.58 3.51
Fund without Sales Charge (%) (NAV) After Shares Sold 3.75 3.32 2.65 3.46
Fund with Sales Charge (%) (POP) Before Shares Sold 0.57 2.15 1.81 3.12
Fund with Sales Charge (%) (POP) After Shares Sold 1.38 2.29 2.04 3.13

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 05/31/2020

Month EndAs of 05/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) -0.68 2.32 4.69 10.69 16.43 41.42 576.99
Fund with Sales Charge (%) (POP) -4.41 -1.54 0.78 6.57 12.05 36.09 551.58
Bloomberg Barclays Municipal Bond Index (%) -1.81 1.24 3.98 11.87 20.17 49.98 796.27
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 0.49 0.49 4.52 10.76 13.60 41.23 564.91
Fund with Sales Charge (%) (POP) -3.30 -3.30 0.58 6.59 9.38 35.96 539.95
Bloomberg Barclays Municipal Bond Index (%) -0.63 -0.63 3.85 12.35 17.00 50.11 779.68

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
Gains/Losses 2.18 2.19 2.11

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