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 11/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 04/03/1985
Fund without Sales Charge (%) (NAV) 7.87 3.88 2.73 3.55 5.60
Fund with Sales Charge (%) (POP) 3.85 2.57 1.95 3.16 5.48
Bloomberg Barclays Municipal Bond Index (%) 8.49 5.03 3.57 4.34 6.48
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 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

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 11/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 6.53 7.87 12.09 14.43 41.72 560.23
Fund with Sales Charge (%) (POP) 2.52 3.85 7.92 10.16 36.44 535.45
Bloomberg Barclays Municipal Bond Index (%) 7.21 8.49 15.84 19.17 53.00 782.56
Quarter EndAs of 09/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 6.35 8.04 8.11 15.12 39.98 559.10
Fund with Sales Charge (%) (POP) 2.34 4.03 4.07 10.82 34.75 534.36
Bloomberg Barclays Municipal Bond Index (%) 6.75 8.55 9.88 19.68 50.38 778.79

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

Month EndAs of 11/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.87 3.88 2.73 3.55
Fund without Sales Charge (%) (NAV) After Shares Sold 5.83 3.65 2.78 3.49
Fund with Sales Charge (%) (POP) Before Shares Sold 3.85 2.57 1.95 3.16
Fund with Sales Charge (%) (POP) After Shares Sold 3.41 2.63 2.17 3.17
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

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 11/30/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.96
Standard Deviation 2.38

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index