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%
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%
View More Holdings

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
Full Dividend History