Franklin Minnesota Tax-Free Income Fund Class C (FMNIX)
NASDAQ · Mutual Fund
· Delayed Price · Currency is USD
10.91
-0.02 (-0.18%)
Jun 6, 2025, 4:00 PM EDT
-2.50% (1Y)
| Fund Assets | 792.13M |
| Expense Ratio | 1.23% |
| Min. Investment | $1,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.29 |
| Dividend Yield | 2.63% |
| Dividend Growth | 4.82% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | May 30, 2025 |
| Previous Close | 10.93 |
| YTD Return | -2.46% |
| 1-Year Return | 0.19% |
| 5-Year Return | -5.92% |
| 52-Week Low | 10.68 |
| 52-Week High | 11.55 |
| Beta (5Y) | 0.29 |
| Holdings | 189 |
| Inception Date | May 1, 1995 |
About FMNIX
The Franklin Minnesota Tax-Free Income Fund Class C (FMNIX) seeks to provide as high a level of income exempt from federal income taxes as is consistent with prudent investment management and the preservation of shareholders' capital. FMNIX also tries to provide a maximum level of income exempt from personal income taxes for resident shareholders of Minnesota.
Fund Family Franklin C1
Category Muni Minnesota
Stock Exchange NASDAQ
Ticker Symbol FMNIX
Share Class Class C
Index Bloomberg Municipal Bond TR
Performance
FMNIX had a total return of 0.19% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.87%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FIMIX | Fidelity | Fidelity Minnesota Municipal Income Fund | 0.47% |
Top 10 Holdings
26.18% of assets| Name | Symbol | Weight |
|---|---|---|
| ALEXANDRIA MINN INDPT SCH DIST NO 206 3% | MN.ALESCD 3 02.01.2037 | 4.33% |
| MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5% | MN.MINAPT 5 01.01.2041 | 3.37% |
| NORTH ST PAUL MAPLEWOOD MINN INDPT SCH DIST NO 622 3% | MN.NSPSCD 3 02.01.2046 | 2.86% |
| FRIDLEY MINN MULTIFAMILY HSG REV 5.75% | MN.FRIMFH 5.75 06.01.2041 | 2.59% |
| DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5% | MN.DULDEV 5 02.15.2053 | 2.46% |
| MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5% | MN.MINAPT 5 01.01.2046 | 2.34% |
| MINNESOTA MUN GAS AGY COMMODITY SUPPLY REV 4% | MN.MGAUTL 12.01.2052 | 2.19% |
| DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5.25% | MN.DULDEV 5.25 02.15.2053 | 2.12% |
| ST PAUL MINN WTR REV 4% | MN.STPWTR 4 12.01.2046 | 2.01% |
| PRIOR LAKE MINN INDPT SCH DIST NO 719 0% | MN.PRRSCD 0 02.01.2028 | 1.89% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 30, 2025 | $0.02621 | May 30, 2025 |
| Apr 30, 2025 | $0.02433 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02308 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02239 | Feb 28, 2025 |
| Jan 31, 2025 | $0.0259 | Jan 31, 2025 |
| Dec 31, 2024 | $0.02433 | Dec 31, 2024 |