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

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Franklin MN Tax-Free Inc C

FMNIX - Snapshot

Vitals

  • YTD Return 2.6%
  • 3 Yr Annualized Return 3.0%
  • 5 Yr Annualized Return 2.4%
  • Net Assets $1.07 B
  • Holdings in Top 10 18.7%

52 WEEK LOW AND HIGH

$12.96
$11.57
$13.05

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.23%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 16.45%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni Minnesota

Compare FMNIX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.80

+0.07%

$78.56 B

-

$0.00

2.28%

-

$11.24

0.00%

$32.48 B

-

$0.00

1.44%

-

$13.56

0.00%

$24.26 B

-

$0.00

1.73%

-

$15.94

0.00%

$20.00 B

-

$0.00

0.57%

-

$116.89

+0.07%

$18.20 B

-

-

2.62%

-

FMNIX - Profile

Distributions

  • YTD Total Return 2.6%
  • 3 Yr Annualized Total Return 3.0%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.02%
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
    May 01, 1995
  • Shares Outstanding
    9010581
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States

FMNIX - Performance

Return Ranking - Trailing

Period FMNIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -4.4% 307.0% 7.16%
1 Yr 2.9% -5.4% 5.8% 25.76%
3 Yr 3.0%* -0.6% 8.2% 62.65%
5 Yr 2.4%* -0.3% 6.9% 73.52%
10 Yr 2.8%* -0.1% 8.1% 73.77%

* Annualized

Return Ranking - Calendar

Period FMNIX Return Category Return Low Category Return High Rank in Category (%)
2019 3.9% -0.3% 15.4% 45.15%
2018 -2.6% -10.3% 97.2% 68.02%
2017 1.1% -100.0% 7.6% 62.56%
2016 -2.7% -7.9% 96.8% 43.98%
2015 -1.0% -4.8% 3.0% 86.46%

Total Return Ranking - Trailing

Period FMNIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -4.4% 307.0% 7.16%
1 Yr 1.9% -8.3% 5.8% 44.43%
3 Yr 3.0%* -2.5% 8.2% 48.71%
5 Yr 2.4%* -1.5% 6.9% 62.10%
10 Yr 2.8%* -0.4% 8.1% 69.88%

* Annualized

Total Return Ranking - Calendar

Period FMNIX Return Category Return Low Category Return High Rank in Category (%)
2019 3.9% -0.3% 15.4% 46.63%
2018 -2.6% -10.3% 11.0% 70.04%
2017 1.1% -100.0% 7.6% 66.14%
2016 -2.7% -7.9% 3.0% 49.07%
2015 -1.0% -4.8% 4.0% 87.80%

NAV & Total Return History


FMNIX - Holdings

Concentration Analysis

FMNIX Category Low Category High FMNIX % Rank
Net Assets 1.07 B 611 K 78.6 B 27.58%
Number of Holdings 232 1 10805 49.49%
Net Assets in Top 10 202 M -199 M 3.97 B 21.36%
Weighting of Top 10 18.71% 2.5% 100.0% 46.72%

Top 10 Holdings

  1. ALEXANDRIA MINN INDPT SCH DIST NO 206 3% 2.99%
  2. NORTH ST PAUL MAPLEWOOD MINN INDPT SCH DIST NO 622 3% 2.37%
  3. MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5% 2.18%
  4. MINNESOTA PUB FACS AUTH ST REVOLVING FD REV 5% 1.84%
  5. DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5.25% 1.75%
  6. MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5% 1.70%
  7. MINNESOTA ST 4% 1.55%
  8. HENNEPIN CNTY MINN 5% 1.53%
  9. DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5.25% 1.43%
  10. ROCHESTER MINN HEALTH CARE FACS REV 5% 1.39%

Asset Allocation

Weighting Return Low Return High FMNIX % Rank
Bonds
101.20% 0.00% 147.66% 3.15%
Stocks
0.00% 0.00% 1.80% 68.73%
Preferred Stocks
0.00% -0.98% 1.07% 66.80%
Other
0.00% -1.46% 12.83% 67.59%
Convertible Bonds
0.00% 0.00% 1.64% 67.25%
Cash
-1.20% -47.66% 100.00% 96.73%

Bond Sector Breakdown

Weighting Return Low Return High FMNIX % Rank
Municipal
100.00% 0.00% 100.00% 9.36%
Derivative
0.00% 0.00% 2.16% 66.91%
Cash & Equivalents
0.00% 0.00% 100.00% 95.55%
Securitized
0.00% 0.00% 6.06% 67.42%
Corporate
0.00% 0.00% 12.97% 72.66%
Government
0.00% 0.00% 49.72% 69.05%

Bond Geographic Breakdown

Weighting Return Low Return High FMNIX % Rank
US
101.04% 0.00% 141.34% 1.92%
Non US
0.16% 0.00% 27.62% 67.98%

FMNIX - Expenses

Operational Fees

FMNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.23% 0.01% 4.23% 26.80%
Management Fee 0.48% 0.00% 1.10% 69.07%
12b-1 Fee 0.65% 0.00% 1.00% 66.95%
Administrative Fee 0.15% 0.01% 0.47% 74.82%

Sales Fees

FMNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load 1.00% 0.25% 5.50% 71.14%

Trading Fees

FMNIX 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.

FMNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.45% 0.00% 233.00% 39.58%

FMNIX - Distributions

Dividend Yield Analysis

FMNIX Category Low Category High FMNIX % Rank
Dividend Yield 0.00% 0.00% 3.55% 69.20%

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 2.02% 0.00% 6.48% 71.38%

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

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 35.61 7.61 2.84
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