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 -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%

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