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Trending ETFs

FRANKLIN MINNESOTA TAX-FREE INCOME FUND

mutual fund
FMNIX
Payout Change
Pending
Price as of:
$11.44 -0.03 -0.26%
primary theme
Municipal Bond
share class
Adv (FMNZX) A (FMNQX) R6 (FKTDX) A1 (FMINX) C (FMNIX)
FMNIX (Mutual Fund)

FRANKLIN MINNESOTA TAX-FREE INCOME FUND

Payout Change
Pending
Price as of:
$11.44 -0.03 -0.26%
primary theme
Municipal Bond
share class
Adv (FMNZX) A (FMNQX) R6 (FKTDX) A1 (FMINX) C (FMNIX)
FMNIX (Mutual Fund)

FRANKLIN MINNESOTA TAX-FREE INCOME FUND

Payout Change
Pending
Price as of:
$11.44 -0.03 -0.26%
primary theme
Municipal Bond
share class
Adv (FMNZX) A (FMNQX) R6 (FKTDX) A1 (FMINX) C (FMNIX)

Name

As of 10/08/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

FRANKLIN MINNESOTA TAX-FREE INCOME FUND

FMNIX | Fund

$11.44

$707 M

2.26%

$0.26

1.23%

Vitals

YTD Return

1.9%

1 yr return

11.0%

3 Yr Avg Return

-1.5%

5 Yr Avg Return

-0.3%

Net Assets

$707 M

Holdings in Top 10

24.0%

52 WEEK LOW AND HIGH

$11.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.23%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 19.81%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 10/08/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

FRANKLIN MINNESOTA TAX-FREE INCOME FUND

FMNIX | Fund

$11.44

$707 M

2.26%

$0.26

1.23%

FMNIX - Profile

Distributions

  • YTD Total Return 1.9%
  • 3 Yr Annualized Total Return -1.5%
  • 5 Yr Annualized Total Return -0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.36%
DIVIDENDS
  • Dividend Yield 2.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    FRANKLIN MINNESOTA TAX-FREE INCOME FUND
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    Jul 11, 1997
  • Shares Outstanding
    5980738
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Conn

FMNIX - Performance

Return Ranking - Trailing

Period FMNIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -1.9% 24.7% 82.28%
1 Yr 11.0% 2.4% 34.3% 37.23%
3 Yr -1.5%* -9.9% 3.4% 91.90%
5 Yr -0.3%* -6.7% 1104.6% 92.10%
10 Yr 1.0%* -0.8% 248.9% 85.58%

* Annualized

Return Ranking - Calendar

Period FMNIX Return Category Return Low Category Return High Rank in Category (%)
2023 2.7% -1.4% 41.0% 54.62%
2022 -12.9% -39.7% 0.3% 70.24%
2021 -1.3% -5.6% 6.9% 86.96%
2020 2.9% -2.6% 310.0% 7.99%
2019 3.9% 0.0% 26.0% 45.82%

Total Return Ranking - Trailing

Period FMNIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -1.9% 24.7% 82.28%
1 Yr 11.0% 2.4% 34.3% 37.23%
3 Yr -1.5%* -9.9% 3.4% 91.90%
5 Yr -0.3%* -6.7% 1104.6% 92.10%
10 Yr 1.0%* -0.8% 248.9% 85.58%

* Annualized

Total Return Ranking - Calendar

Period FMNIX Return Category Return Low Category Return High Rank in Category (%)
2023 5.3% -1.3% 41.0% 60.21%
2022 -11.2% -39.7% 1.1% 76.11%
2021 0.2% -4.8% 23761504.0% 84.17%
2020 4.3% -1.5% 17057.9% 32.36%
2019 6.3% 0.2% 3514.6% 56.60%

NAV & Total Return History

FMNIX - Holdings

Concentration Analysis

FMNIX Category Low Category High FMNIX % Rank
Net Assets 707 M 3.22 M 71.9 B 38.25%
Number of Holdings 200 4 13418 57.66%
Net Assets in Top 10 163 M -317 M 3.45 B 26.81%
Weighting of Top 10 24.03% 1.9% 100.1% 24.63%

Top 10 Holdings

  1. Alexandria Independent School District No. 206, Series 2017 A 3.87%
  2. Minneapolis-St. Paul Metropolitan Airports Commission, Series 2016 C 3.14%
  3. North St. Paul-Maplewood-Oakdale Independent School District No. 622, Series 2019 A 2.61%
  4. City of Fridley, Series 2023 A 2.35%
  5. Duluth Economic Development Authority, Series 2018 A 2.35%
  6. Minneapolis-St. Paul Metropolitan Airports Commission, Series 2016 C 2.18%
  7. Minnesota Municipal Gas Agency, Series 2022 A 2.00%
  8. Duluth Economic Development Authority, Series 2018 A 1.96%
  9. City of St. Paul, Series 2023 A 1.93%
  10. Prior Lake-Savage Independent School District No. 719, Series 2018 B 1.64%

Asset Allocation

Weighting Return Low Return High FMNIX % Rank
Bonds 		98.76% 0.00% 150.86% 56.23%
Cash 		1.24% -50.86% 43.45% 42.80%
Stocks 		0.00% 0.00% 99.89% 68.50%
Preferred Stocks 		0.00% 0.00% 0.08% 64.43%
Other 		0.00% -3.72% 51.88% 65.23%
Convertible Bonds 		0.00% 0.00% 0.93% 64.16%

Bond Sector Breakdown

Weighting Return Low Return High FMNIX % Rank
Municipal 		98.72% 44.39% 100.00% 44.17%
Cash & Equivalents 		0.46% 0.00% 43.45% 39.42%
Derivative 		0.00% -3.72% 51.88% 63.44%
Securitized 		0.00% 0.00% 5.93% 64.82%
Corporate 		0.00% 0.00% 9.41% 70.62%
Government 		0.00% 0.00% 52.02% 67.49%

Bond Geographic Breakdown

Weighting Return Low Return High FMNIX % Rank
US 		98.76% 0.00% 142.23% 53.95%
Non US 		0.00% 0.00% 23.89% 66.36%

FMNIX - Expenses

Operational Fees

FMNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.23% 0.01% 8.02% 23.97%
Management Fee 0.48% 0.00% 1.20% 75.73%
12b-1 Fee 0.65% 0.00% 1.00% 69.52%
Administrative Fee 0.15% 0.01% 0.44% 76.73%

Sales Fees

FMNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load 1.00% 0.25% 5.00% 64.81%

Trading Fees

FMNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FMNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 19.81% 0.00% 283.00% 57.41%

FMNIX - Distributions

Dividend Yield Analysis

FMNIX Category Low Category High FMNIX % Rank
Dividend Yield 2.26% 0.00% 14.51% 73.74%

Dividend Distribution Analysis

FMNIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FMNIX Category Low Category High FMNIX % Rank
Net Income Ratio 1.36% -0.53% 5.33% 77.17%

Capital Gain Distribution Analysis

FMNIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

FMNIX - Fund Manager Analysis

Managers

Michael Conn

Start Date

Tenure

Tenure Rank

Nov 02, 2020

1.58

1.6%

Mr. Conn has been a portfolio manager of Franklin Advisers, Inc since November 2020. He joined Franklin Templeton in 2006.

John Bonelli

Start Date

Tenure

Tenure Rank

Nov 02, 2020

1.58

1.6%

Mr. Bonelli is a Portfolio Manager and Research Analyst of Franklin Advisers, Inc. He joined Franklin Templeton Investments in 2010.

John Wiley

Start Date

Tenure

Tenure Rank

Nov 02, 2020

1.58

1.6%

John Wiley, Senior Vice President, has been a lead portfolio manager since 1993. Wiley has been an analyst or portfolio manager with Franklin Templeton Investments, his employer since 1989. He holds the Chartered Financial Analyst designation.

Christopher Sperry

Start Date

Tenure

Tenure Rank

Nov 02, 2020

1.58

1.6%

Sperry has been an analyst or portfolio manager of Franklin Templeton Investments, his employer since 1996. Sperry holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.33 1.58

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