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 09/30/2019

Month EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 04/03/1985
Fund without Sales Charge (%) (NAV) 8.04 2.63 2.86 3.42 5.62
Fund with Sales Charge (%) (POP) 4.03 1.34 2.08 3.03 5.50
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 04/03/1985
Fund without Sales Charge (%) (NAV) 8.04 2.63 2.86 3.42 5.62
Fund with Sales Charge (%) (POP) 4.03 1.34 2.08 3.03 5.50
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 6.50

After-Tax Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 8.04 2.63 2.86 3.42
Fund without Sales Charge (%) (NAV) After Shares Sold 5.96 2.68 2.88 3.39
Fund with Sales Charge (%) (POP) Before Shares Sold 4.02 1.34 2.08 3.03
Fund with Sales Charge (%) (POP) After Shares Sold 3.53 1.67 2.27 3.07
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 8.04 2.63 2.86 3.42
Fund without Sales Charge (%) (NAV) After Shares Sold 5.96 2.68 2.88 3.39
Fund with Sales Charge (%) (POP) Before Shares Sold 4.02 1.34 2.08 3.03
Fund with Sales Charge (%) (POP) After Shares Sold 3.53 1.67 2.27 3.07

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 0.32 3.94 0.27 2.15 8.17 -3.77 6.61 10.92 1.20 10.62
Fund with Sales Charge (%) (POP) -3.96 -0.46 -4.01 -2.17 3.56 -7.88 2.08 6.24 -3.12 5.88
Bloomberg Barclays Municipal Bond Index (%) 1.28 5.45 0.25 3.30 9.05 -2.55 6.78 10.70 2.38 12.91

Cumulative Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 1.55 6.35 8.04 8.11 15.12 39.98 559.10
Fund with Sales Charge (%) (POP) -2.23 2.34 4.03 4.07 10.82 34.75 534.36
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 1.55 6.35 8.04 8.11 15.12 39.98 559.10
Fund with Sales Charge (%) (POP) -2.23 2.34 4.03 4.07 10.82 34.75 534.36
Bloomberg Barclays Municipal Bond Index (%) 1.58 6.75 8.55 9.88 19.68 50.38 778.79

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.97 2.61 3.37
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.42 3.03 3.42
Sharpe Ratio 0.44 0.67 0.92
Information Ratio -1.01 -1.21 -1.22
Tracking Error 0.74 0.68 0.64

ADDITIONAL RISK STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.96 0.93 1.05
Beta Bear 0.69 0.73 0.89
Bull Bear Capture Ratio 0.92 0.91 0.89
% of Positive Months 66.67 70.00 66.67
Gains/Losses 2.04 2.23 2.28
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 0.75%

Volatility Measures [further-information] As of 10/31/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.44
Standard Deviation 2.97

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index