FMINX: Franklin MN Tax-Free Inc A1

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Fixed income news, reports, video and more.

Municipal bonds news, reports, video and more.

Practice management news, reports, video and more.

Portfolio management news, reports, video and more.

Retirement news, reports, video and more.

Learn from industry thought leaders and expert market participants.

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

FMINX Franklin MN Tax-Free Inc A1


Profile

FMINX - Profile

Vitals

  • YTD Return 1.8%
  • 3 Yr Annualized Return 1.0%
  • 5 Yr Annualized Return 0.4%
  • Net Assets $1.04 B
  • Holdings in Top 10 19.3%

52 WEEK LOW AND HIGH

$12.72
$11.44
$12.90

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.68%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 16.45%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Sep 10, 2018
  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 1.8%
  • 3 Yr Annualized Total Return 1.0%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.57%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Franklin Minnesota Tax-Free Income Fund
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    Apr 03, 1985
  • Shares Outstanding
    46560239
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Pomeroy

Fund Description

The fund invests at least 80% of its total assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax. It only buys municipal securities rated, at the time of purchase, in one of the top four ratings categories by one or more U.S. nationally recognized rating services.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

FMINX - Performance

Return Ranking - Trailing

Period FMINX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -31.7% 956.2% 45.32%
1 Yr 2.3% -28.3% 969.8% 43.03%
3 Yr 1.0%* -9.7% 121.3% 49.78%
5 Yr 0.4%* -8.0% 61.0% 62.43%
10 Yr 0.4%* -5.0% 3.6% 53.16%

* Annualized

Return Ranking - Calendar

Period FMINX Return Category Return Low Category Return High Rank in Category (%)
2019 3.9% -1.7% 20.3% 52.84%
2018 -2.6% -24.9% 0.8% 53.36%
2017 1.0% -6.0% 17.1% 55.44%
2016 -2.7% -14.9% 15.0% 77.69%
2015 -1.0% -18.3% 3.0% 50.84%

Total Return Ranking - Trailing

Period FMINX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -31.7% 956.2% 45.32%
1 Yr 2.3% -28.3% 969.8% 42.99%
3 Yr 1.0%* -9.0% 121.3% 54.58%
5 Yr 0.4%* -7.8% 61.0% 67.51%
10 Yr 0.4%* -5.0% 6.8% 65.05%

* Annualized

Total Return Ranking - Calendar

Period FMINX Return Category Return Low Category Return High Rank in Category (%)
2019 3.9% -1.7% 20.3% 53.78%
2018 -2.6% -24.9% 3.1% 61.81%
2017 1.0% -6.0% 27.0% 63.14%
2016 -2.7% -14.8% 15.0% 80.49%
2015 -1.0% -12.6% 4.2% 58.36%

NAV & Total Return History


Holdings

FMINX - Holdings

Concentration Analysis

FMINX Category Low Category High FMINX % Rank
Net Assets 1.04 B 622 K 277 B 41.29%
Number of Holdings 216 1 18073 61.54%
Net Assets in Top 10 200 M -587 M 21.3 B 37.80%
Weighting of Top 10 19.31% 2.3% 100.0% 54.42%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High FMINX % Rank
Bonds
101.12% 71.08% 169.81% 7.29%
Stocks
0.00% -0.93% 19.79% 53.65%
Preferred Stocks
0.00% -0.14% 8.39% 56.96%
Other
0.00% -27.60% 28.63% 51.76%
Convertible Bonds
0.00% 0.00% 10.07% 72.98%
Cash
-1.12% -72.40% 27.48% 91.94%

Bond Sector Breakdown

Weighting Return Low Return High FMINX % Rank
Municipal
100.00% 0.00% 100.11% 2.41%
Derivative
0.00% -0.83% 24.19% 55.25%
Cash & Equivalents
0.00% -26.49% 41.51% 96.51%
Securitized
0.00% 0.00% 97.63% 75.95%
Corporate
0.00% 0.00% 99.89% 79.86%
Government
0.00% -2.21% 100.00% 77.98%

Bond Geographic Breakdown

Weighting Return Low Return High FMINX % Rank
US
101.12% 58.40% 150.78% 3.80%
Non US
0.00% -52.35% 33.81% 90.75%

Expenses

FMINX - Expenses

Operational Fees

FMINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.68% 0.01% 34.57% 58.60%
Management Fee 0.48% 0.00% 1.50% 78.51%
12b-1 Fee 0.10% 0.00% 1.00% 18.32%
Administrative Fee 0.15% 0.00% 0.50% 75.47%

Sales Fees

FMINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 0.50% 5.75% 46.86%
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

FMINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

FMINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.45% 0.00% 496.90% 20.46%

Distributions

FMINX - Distributions

Dividend Yield Analysis

FMINX Category Low Category High FMINX % Rank
Dividend Yield 0.00% 0.00% 5.95% 53.86%

Dividend Distribution Analysis

FMINX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

FMINX Category Low Category High FMINX % Rank
Net Income Ratio 2.57% -0.81% 6.02% 46.88%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FMINX - Fund Manager Analysis

Managers

John Pomeroy


Start Date

Tenure

Tenure Rank

Dec 31, 1989

30.52

30.5%

John Pomeroy is senior vice president of Franklin Advisers, Inc. He provides research and advice on the purchases and sales of individual securities, and portfolio risk assessment. Mr. Pomeroy joined Franklin Templeton Investments in 1986.

James Conn


Start Date

Tenure

Tenure Rank

Dec 31, 1999

20.51

20.5%

Mr. Conn is a senior 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. Mr. Conn holds the Chartered Financial Analyst designation.

Nicholas Bucklin


Start Date

Tenure

Tenure Rank

Mar 29, 2019

1.26

1.3%

Nicholas Bucklin is a Vice President and Portfolio Manager in the Municipal Bond department. He is a co-Portfolio Manager for the Franklin Massachusetts, Minnesota, Ohio, New York Intermediate, and Federal Limited Term Tax-Free Income Funds. Nick is also a lead Portfolio Manager for Franklin Separately Managed Accounts and a member of the investment committee for the Franklin Municipal SMA strategy. Nick also manages one of the firm's actively managed municipal bond exchange traded funds (ETFs). Mr. Bucklin joined Franklin Templeton in 2008. He holds an MBA from UC Berkeley, Haas School of Business (2016) and a B.A. degree in history from Boston College. He is a Chartered Financial Analyst (CFA) charterholder, a member of the CFA Institute, and a member of the CFA Society of San Francisco. He is also a member of the National Federation of Municipal Analysts and the Municipal Bond Club of San Francisco.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.14 33.6 7.53 0.5