Franklin Minnesota Tax-Free Income Fund

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) 8.22 2.73 2.97 3.54 5.65
Fund with Sales Charge (%) (POP) 8.22 2.73 2.97 3.54 5.65
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) 8.22 2.73 2.97 3.54 5.65
Fund with Sales Charge (%) (POP) 8.22 2.73 2.97 3.54 5.65
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 8.22 2.73 2.97 3.54
Fund without Sales Charge (%) (NAV) After Shares Sold 6.11 2.78 2.99 3.50
Fund with Sales Charge (%) (POP) Before Shares Sold 8.22 2.73 2.97 3.54
Fund with Sales Charge (%) (POP) After Shares Sold 6.11 2.78 2.99 3.50
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 8.22 2.73 2.97 3.54
Fund without Sales Charge (%) (NAV) After Shares Sold 6.11 2.78 2.99 3.50
Fund with Sales Charge (%) (POP) Before Shares Sold 8.22 2.73 2.97 3.54
Fund with Sales Charge (%) (POP) After Shares Sold 6.11 2.78 2.99 3.50

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 0.50 4.04 0.37 2.25 8.27 -3.60 6.71 11.03 1.30 10.68
Fund with Sales Charge (%) (POP) 0.50 4.04 0.37 2.25 8.27 -3.60 6.71 11.03 1.30 10.68
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) 1.66 6.41 8.22 8.42 15.76 41.56 566.67
Fund with Sales Charge (%) (POP) 1.66 6.41 8.22 8.42 15.76 41.56 566.67
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) 1.66 6.41 8.22 8.42 15.76 41.56 566.67
Fund with Sales Charge (%) (POP) 1.66 6.41 8.22 8.42 15.76 41.56 566.67
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) 2.96 2.61 3.39
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.42 3.03 3.42
Sharpe Ratio 0.48 0.72 0.95
Information Ratio -0.85 -1.06 -1.05
Tracking Error 0.73 0.66 0.64

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

3 YR 5 YR 10 YR
Beta Bull 0.94 0.91 1.06
Beta Bear 0.70 0.73 0.90
Bull Bear Capture Ratio 0.94 0.94 0.91
% of Positive Months 72.22 73.33 68.33
Gains/Losses 2.09 2.29 2.33
Maximum Drawdown
1.84 3.74 7.03

SALES CHARGE, EXPENSES & FEES As of 07/01/2019 (updated annually)

Gross Expense Ratio 0.58%
Net Expense Ratio [further-information] 0.58%
Max Initial Sales Charge 0.00%
CDSC

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

Sharpe Ratio 0.48
Standard Deviation 2.96

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index