About FMINX
Franklin Minnesota Tax-Free Income Fund Class A1 is a municipal bond mutual fund designed to generate a high level of income exempt from both federal and Minnesota state income taxes. Its primary function is to invest at least 80% of its assets in municipal securities, with a focus on bonds issued by Minnesota municipalities, school districts, airports, utilities, and other public entities. The fund aims to provide investors, especially Minnesota residents, with tax-advantaged income while maintaining prudent investment management and capital preservation. Notable features include a broad portfolio of nearly 200 holdings, moderate interest rate sensitivity, and a monthly dividend payout structure. The fund is especially relevant for individuals seeking stable, tax-free income and greater diversification through fixed-income exposure to public sector entities in Minnesota. Managed by Franklin Templeton, it holds a significant position among state-specific municipal funds and plays a vital role in supporting local infrastructure, education, and community development projects through its investments.
Fund Family Franklin Templeton Investments
Category Muni Minnesota
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol FMINX
Share Class Class A1
Index Bloomberg Municipal Bond TR
FMINX had a total return of 5.58% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.28%.
