FMNIX: Franklin Minnesota Tax-Free Income Fund - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$12.87

-

4.66%

$0.60

1.23%

Vitals

YTD Return

-1.0%

1 yr return

1.5%

3 Yr Avg Return

3.9%

5 Yr Avg Return

2.2%

Net Assets

$1.16 B

Holdings in Top 10

17.5%

52 WEEK LOW AND HIGH

$12.89
$12.76
$13.05

Expenses

OPERATING FEES

Expense Ratio 1.23%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 9.45%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Muni Minnesota


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$12.87

-

4.66%

$0.60

1.23%

FMNIX - Profile

Distributions

  • YTD Total Return -1.0%
  • 3 Yr Annualized Total Return 3.9%
  • 5 Yr Annualized Total Return 2.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.57%
DIVIDENDS
  • Dividend Yield 4.7%
  • 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
    7057620
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Conn

FMNIX - Performance

Return Ranking - Trailing

Period FMNIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.0% -88.5% 9.4% 80.64%
1 Yr 1.5% -20.5% 20.4% 80.91%
3 Yr 3.9%* -6.2% 10.9% 63.18%
5 Yr 2.2%* -3.5% 7.1% 69.59%
10 Yr 2.7%* -0.2% 9.3% 78.85%

* Annualized

Return Ranking - Calendar

Period FMNIX Return Category Return Low Category Return High Rank in Category (%)
2020 2.9% -91.1% 310.0% 7.18%
2019 3.9% -79.8% 15.4% 40.20%
2018 -2.6% -72.6% 97.2% 54.93%
2017 1.1% -100.0% 7.6% 58.88%
2016 -2.7% -35.9% 96.8% 42.20%

Total Return Ranking - Trailing

Period FMNIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.0% -88.5% 9.9% 80.68%
1 Yr 0.5% -24.2% 24.2% 64.02%
3 Yr 3.9%* -7.0% 11.7% 50.19%
5 Yr 2.2%* -4.0% 7.1% 55.28%
10 Yr 2.7%* -0.6% 9.3% 76.63%

* Annualized

Total Return Ranking - Calendar

Period FMNIX Return Category Return Low Category Return High Rank in Category (%)
2020 2.9% -91.1% 310.0% 7.18%
2019 3.9% -79.8% 15.4% 41.35%
2018 -2.6% -72.6% 11.0% 56.31%
2017 1.1% -100.0% 7.6% 61.39%
2016 -2.7% -35.9% 3.0% 45.85%

NAV & Total Return History


FMNIX - Holdings

Concentration Analysis

FMNIX Category Low Category High FMNIX % Rank
Net Assets 1.16 B 882 K 88.1 B 28.30%
Number of Holdings 290 1 12437 31.59%
Net Assets in Top 10 203 M -308 M 3.93 B 16.00%
Weighting of Top 10 17.49% 2.4% 100.0% 63.19%

Top 10 Holdings

  1. ALEXANDRIA MINN INDPT SCH DIST NO 206 3% 2.79%
  2. NORTH ST PAUL MAPLEWOOD MINN INDPT SCH DIST NO 622 3% 2.20%
  3. MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5% 2.05%
  4. MINNESOTA PUB FACS AUTH ST REVOLVING FD REV 5% 1.68%
  5. DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5.25% 1.67%
  6. MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5% 1.61%
  7. MINNEAPOLIS & ST PAUL MINN HSG & REDEV AUTH HEALTH CARE SYS 0.01% 1.46%
  8. MINNESOTA ST 4% 1.41%
  9. HENNEPIN CNTY MINN 5% 1.41%
  10. DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5.25% 1.37%

Asset Allocation

Weighting Return Low Return High FMNIX % Rank
Bonds
98.78% 46.14% 145.79% 55.00%
Cash
1.23% -45.79% 53.86% 44.33%
Stocks
0.00% -0.15% 2.80% 90.29%
Preferred Stocks
0.00% -3.40% 1.05% 89.27%
Other
0.00% -9.70% 30.00% 89.47%
Convertible Bonds
0.00% -0.02% 1.09% 90.69%

Bond Sector Breakdown

Weighting Return Low Return High FMNIX % Rank
Municipal
98.77% 46.14% 100.00% 50.82%
Cash & Equivalents
1.23% 0.00% 53.86% 48.37%
Derivative
0.00% 0.00% 0.09% 90.61%
Securitized
0.00% 0.00% 8.03% 90.86%
Corporate
0.00% 0.00% 11.97% 92.20%
Government
0.00% 0.00% 50.63% 91.84%

Bond Geographic Breakdown

Weighting Return Low Return High FMNIX % Rank
US
97.58% 0.00% 141.11% 46.65%
Non US
1.20% 0.00% 100.00% 40.65%

FMNIX - Expenses

Operational Fees

FMNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.23% 0.04% 4.23% 18.53%
Management Fee 0.48% 0.00% 1.60% 71.49%
12b-1 Fee 0.65% 0.00% 1.00% 68.77%
Administrative Fee 0.15% 0.01% 0.47% 78.18%

Sales Fees

FMNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load 1.00% 0.25% 5.50% 87.02%

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 9.45% 0.00% 299.40% 16.72%

FMNIX - Distributions

Dividend Yield Analysis

FMNIX Category Low Category High FMNIX % Rank
Dividend Yield 4.66% 0.00% 35.27% 90.86%

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 1.57% -1.65% 24.00% 78.33%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FMNIX - Fund Manager Analysis

Managers

Michael Conn


Start Date

Tenure

Tenure Rank

Nov 02, 2020

0.83

0.8%

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

0.83

0.8%

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

0.83

0.8%

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

0.83

0.8%

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
0.01 36.44 7.22 0.83