Franklin Minnesota Tax-Free Income Fund Class C (FMNIX)

-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	-6.13%
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%.

Chart

Bar chart with 6 bars.

The chart has 1 X axis displaying categories.

The chart has 1 Y axis displaying values. Data ranges from -2.4586499776486397 to 2.871.

End of interactive chart.

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%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FKTDX	Class R6	0.54%
FMNZX	Advisor Class	0.59%
FMINX	Class A1	0.69%
FMNQX	Class A	0.84%

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