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FMNIX Franklin MN Tax-Free Inc C

  • Fund
  • FMNIX
  • Price as of: Dec 02, 2016
  • $12.24
  • + $0.01
  • + 0.08%
  • Category
  • Single State Municipal Bonds

FMNIX - Profile

Vitals

  • YTD Return -3.5%
  • 3 Yr Annualized Return 3.4%
  • 5 Yr Annualized Return 2.9%
  • Net Assets $1.12 B
  • Holdings in Top 10 21.2%

52 WEEK LOW AND HIGH

$12.24
$12.23
$12.93

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.19%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 8.61%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

N/A

Investment Themes

CATEGORY

Single State Municipal Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Muni Minnesota

Distributions

  • YTD Total Return -3.5%
  • 3 Yr Annualized Total Return 3.4%
  • 5 Yr Annualized Total Return 2.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.61%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Franklin Minnesota Tax-Free Income Fund
  • Fund Family Name Franklin Templeton Investments
  • Inception Date May 01, 1995
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager John Pomeroy

FMNIX - Performance

Return Ranking - Trailing

Period FMNIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.5% -22.9% 2.7% 29.97% 3
1 Yr 2.1% -2.0% 11.9% 86.50% 5
3 Yr 3.4% * -0.7% 10.7% 76.60% 4
5 Yr 2.9% * 0.0% 9.5% 79.11% 5
10 Yr 3.4% * -0.1% 5.6% 63.44% 4

* Annualized


Return Ranking - Calendar

Period FMNIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.0% -7.9% 1.8% 50.35% 5
2014 4.7% -0.2% 15.6% 50.59% 4
2013 -6.7% -20.2% 0.0% 29.73% 3
2012 3.1% -0.9% 13.5% 43.16% 3
2011 6.9% -0.8% 10.2% 12.09% 1

Total Return Ranking - Trailing

Period FMNIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.5% -22.9% 2.7% 32.52% 3
1 Yr 1.1% -4.6% 9.5% 60.76% 4
3 Yr 3.4% * -0.4% 10.7% 63.58% 4
5 Yr 2.9% * 0.0% 9.5% 68.36% 4
10 Yr 3.4% * -0.1% 5.6% 55.90% 3

* Annualized


Total Return Ranking - Calendar

Period FMNIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.0% -7.9% 4.1% 55.86% 5
2014 4.7% -0.2% 17.8% 54.01% 4
2013 -6.7% -20.2% 0.7% 32.17% 3
2012 3.1% -0.6% 13.5% 48.16% 4
2011 6.9% -0.8% 15.9% 16.58% 2

NAV & Total Return History

FMNIX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

FMNIX Category Low Category High FMNIX % Rank Quintile
Net Assets 1.12 B 2.11 M 16.6 B 4.26% 1
Number of Holdings 217 15 3582 7.46% 2
Net Assets in Top 10 238 M 2.4 M 2.29 B 2.81% 1
Weighting of Top 10 21.2% 4.1% 76.7% 17.93% 3

Top 10 Holdings

  1. Minneapolis Minn Health Care S Rev 6.5% 2.91%
  2. St Cloud Minn Health Care Rev Rev B 5.5% 2.73%
  3. Rochester Minn Health Care Fac Rev 4.5% 2.35%
  4. Hennepin Cnty Minn Sales Tax R Sal 4.75% 2.32%
  5. Rochester Minn Health Care Fac Rev Bd 5% 2.00%
  6. Minnesota Agric & Econ Dev Rev Bds 5% 1.92%
  7. Minnesota Pub Facs Auth 5% 1.91%
  8. Duluth Minn Indpt Sch Dist 5% 1.84%
  9. Minnesota Pub Facs Auth 5% 1.67%
  10. Minnesota St Go St Var 4% 1.56%

Asset Allocation

Weighting Category Low Category High FMNIX % Rank Quintile
Bonds
101.44% 0.00% 101.50% 0.19% 1
Other
0.00% -0.58% 23.51% 5.43% 4
Preferred Stocks
0.00% 0.00% 0.00% 0.10% 4
Stocks
0.00% 0.00% 0.73% 0.97% 4
Convertible Bonds
0.00% 0.00% 0.00% 0.10% 4
Cash
-1.44% -1.55% 99.63% 22.58% 5

Bond Sector Breakdown

Weighting Category Low Category High FMNIX % Rank Quintile
Municipal
101.44% 0.00% 106.80% 0.68% 1
Securitized
0.00% 0.00% 0.00% 0.10% 4
Government
0.00% -10.86% 5.02% 5.33% 4
Derivative
0.00% -0.13% 0.00% 0.10% 4
Corporate
0.00% 0.00% 10.46% 1.36% 4
Cash & Equivalents
-1.44% -1.55% 99.63% 22.48% 5

Bond Geographic Breakdown

Weighting Category Low Category High FMNIX % Rank Quintile
US
101.44% 0.00% 101.50% 0.19% 1
Non US
0.00% 0.00% 0.00% 0.10% 4

FMNIX - Expenses

Operational Fees

FMNIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.19% 0.12% 5.19% 9.59% 4
Management Fee 0.47% 0.00% 0.80% 1.65% 3
12b-1 Fee 0.65% 0.00% 1.00% 1.53% 3
Administrative Fee 0.15% 0.00% 0.33% 2.61% 5

Sales Fees

FMNIX Fees (% of AUM) Category Low Category High FMNIX Rank Quintile
Front Load N/A 1.00% 5.75% N/A N/A
Deferred Load 1.00% 0.50% 5.50% 1.65% 3

Trading Fees

FMNIX Fees (% of AUM) Category Low Category High FMNIX Rank Quintile
Max Redemption Fee N/A 0.50% 2.00% N/A N/A

Turnover 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 Low Category High FMNIX Rank Quintile
Turnover 8.61% 0.00% 219.00% 8.69% 2

FMNIX - Distributions

Dividend Yield Analysis

FMNIX Category Low Category High FMNIX % Rank Quintile
Dividend Yield 0.3% 0.00% 0.99% 17.97% 3

Dividend Distribution Analysis

FMNIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FMNIX Category Low Category High FMNIX % Rank Quintile
Net Income Ratio 2.61% 0.00% 7.39% 18.31% 4

Capital Gain Distribution Analysis

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

FMNIX - Managers

John Pomeroy

Lead Manager

Start Date

Dec 31, 1989

Tenure

26.85

Tenure Rank

0.5%

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

Manager

Start Date

Dec 31, 1999

Tenure

16.85

Tenure Rank

2.6%

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.


Tenure Analysis

Category Low

0.0

Category High

37.1

Category Average

9.21

Category Mode

4.8