|
Overall Morningstar
Rating™ |
| What is this? |
 |
 |
| As of 2009-10-31 |
|
Out of
Muni Minnesota Funds |
|
| Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance. |
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|
Morningstar®
Style Box™ |
| What is this? |
|
 |
|
Avg Duration |
|
|
--- |
|
|
|
Avg Credit Quality |
|
|
AA |
|
| As of
2009-09-30 |
|
|
| Day Change |
| $ 0.01 |
|
|
| NAV (2009-11-20) |
| $ 12.13 |
|
|
| YTD Return % (2009-11-20) |
| 10.33% |
|
|
| Total Assets ($ mil) |
| 894 |
|
| Growth of $10,000 |
 |
Fund: |
Franklin MN Tax-Free Inc A |
| (from
1999-01-01
to 2009-10-31) |
 |
Category: |
Muni Minnesota |
|
 |
Index: |
BarCap Municipal TR USD |
| Total Annualized Returns % |
1yr, 3yr and 5yr Returns as of 2009-11-20 |
| Inception date: 1985-04-03 |
10yr and Inception Returns as of 2009-10-31 |
|
YTD Returns as of 2009-11-20 |
|
|
YTD |
1 Year |
3 Year |
5 Year |
10 Year |
Since Inception |
| Fund |
10.33 |
10.78 |
4.14 |
4.18 |
5.32 |
6.43 |
| +/- Category |
-4.08 |
-3.05 |
0.92 |
0.74 |
0.52 |
--- |
| +/- BarCap Municipal TR USD |
-1.81 |
-0.89 |
-0.11 |
-0.18 |
--- |
--- |
|
|
| Standardized Annual Returns % more on standardized returns |
| Quarter-End (as of
2009-09-30) |
7.04 |
9.48 |
3.38 |
3.65 |
4.89 |
6.34 |
| Month-End (as of 2009-10-31) |
5.14 |
7.89 |
2.59 |
3.10 |
4.87 |
6.24 |
|
|
| After Tax Returns % (as of
2009-09-30
)
|
| On Distribution |
--- |
7.91 |
2.59 |
3.10 |
4.87 |
--- |
| On Distribution & Sale of Shares |
--- |
6.62 |
2.80 |
3.23 |
4.83 |
--- |
|
|
| Morningstar Rating |
--- |
--- |
 |
|
 |
--- |
|
| # of compared funds covered (3 yrs : out of 56 funds), (5 yrs : out of 53 funds), (10 yrs : out of 52 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is
4.25%,
the maximum deferred sales fee is
none,
and the maximum redemption sales fee is
2.00%.
|
|
| The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein. |
|
|
|
|
| Sector Breakdown % |
|
| General Obligations |
34.47 |
| Advance Refunded |
3.91 |
| State Appropriated Tobacco |
---
|
| Non-state Appropriated Tobacco |
---
|
| Education |
0.72 |
| Health |
5.41 |
| Housing |
6.07 |
| Industrial |
0.29 |
| Transportation |
8.83 |
| Utilities |
11.54 |
| Water/Sewer |
3.67 |
| Misc. Revenue |
25.09 |
|
| Bond Quality |
% of Bonds |
| AAA |
49.5 |
| AA |
27.4 |
| A |
14.6 |
| BBB |
0.4 |
| BB |
0.0 |
| B |
0.0 |
| Below B |
0.0 |
| Not Rated |
8.1 |
|
|
|
|
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| |
|
|
| Asset Allocation |
|
 |
|
| % of Net Assets |
 |
Cash |
0.8 |
 |
Stocks |
0.0 |
|
Bonds |
99.2 |
 |
Other |
0.0 |
|
|
|
Foreign Stocks |
0.0 |
|
(as a % of Assets) |
|
|
| Data through 2009-09-30 |
Data through 2009-09-30 |
 |
| Holding Status |
|
| Total Number of Stock Holdings |
|
|
Turnover % |
22 |
| Total Number of Bond Holdings |
192 |
|
30 Day SEC Yield % |
2.81 |
| % of Assets in Top 10 Holdings |
25.09 |
|
ending as of
2009-09-30 |
|
|
|
|
View Data Definitions |
| Top 10 Holdings |
Maturity
Date |
Amount
$000 |
Value
$000 |
% of Net
Assets |
|
|
|
|
|
|
|
Minneapolis Minn Health Care S Rev 6.5% |
2038-11-15 |
35,000 |
40,014 |
4.52 |
 |
ST CLOUD MINN HEALTH CARE REV REV BDS |
2039-05-01 |
27,200 |
28,732 |
3.25 |
|
Hennepin Cnty Minn Sales Tax R Sal 4.75% |
2037-12-15 |
25,000 |
26,405 |
2.98 |
|
MINNESOTA AGRIC & ECONOMIC DEV REV BDS |
2037-02-15 |
20,600 |
21,677 |
2.45 |
|
Duluth Minn Indpt Sch Dist 5% |
2028-02-01 |
18,890 |
20,810 |
2.35 |
|
 |
|
St Cloud Minn Health Care Rev Rev 5.875% |
2030-05-01 |
17,785 |
18,191 |
2.06 |
|
FARMINGTON MINN INDPT SCH DIST GO SCH BL |
2027-02-01 |
16,075 |
17,309 |
1.96 |
|
Minnesota St Go Bds 4.5% |
2028-12-01 |
15,540 |
16,913 |
1.91 |
|
Minneapolis & St Paul Minn Met Sr Rev 5% |
2023-01-01 |
14,800 |
16,149 |
1.82 |
|
Chaska Minn Indpt Sch Dist 4.5% |
2028-02-01 |
15,000 |
15,861 |
1.79 |
|
|
 |
Data through 2009-09-30 |
|
|
| Fund Inception: 1985-04-03 |
|
Portfolio Manager (Start Date) |
|
|
|
|
|
John Pomeroy (1989-03-01) |
|
|
|
Pomeroy is vice president of Franklin Advisers, Inc. He provides research and advice on the purchases and sales of individual securities, and portfolio risk assessment. Pomeroy joined Franklin Templeton Investments in 1986. |
|
|
|
|
|
James Patrick Conn (1999-12-01) |
|
|
|
Conn is a vice president and portfolio manager with Franklin Advisers, Inc, his employer since 1996. He has final authority over all aspects of the Fund's investment portfolio, including but not limited to, purchases and sales of individual securities, portfolio risk assessment, and the management of daily cash balances in accordance with anticipated management requirements.
Conn holds the Chartered Financial Analyst designation. |
|
|
|
|
Sales Charge %
(taken from prospectus dated 2009-08-31) |
| Front: |
4.25 |
| Deferred: |
None |
|
| Expense Ratio % |
0.66 |
based on net assets
(taken from annual report dated 2009-02-28)
|
|
| Correspondence Information |
One Franklin Parkway
San Mateo,
CA
94403-1906
United States |
|
|
|
| Telephone: |
| 800-632-2301 |
| 650-312-2000 |
|
|
