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

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

11.13

-0.03 (-0.27%)

At close: Aug 26, 2026

1.27% (1Y)

Fund Assets	583.31M
Expense Ratio	1.25%
Min. Investment	$1,000
Turnover	5.26%
Dividend (ttm)	0.30
Dividend Yield	2.71%
Dividend Growth	3.92%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	11.16
YTD Return	-0.84%
1-Year Return	4.01%
5-Year Return	-2.23%
52-Week Low	10.98
52-Week High	11.56
Beta (5Y)	0.32
Holdings	196
Inception Date	May 1, 1995

About FMNIX

Franklin Minnesota Tax-Free Income Fund Class C is a mutual fund focused on delivering income that is exempt from federal income taxes, with an additional emphasis on providing income free from Minnesota state personal income taxes for residents. This fund primarily invests in a portfolio of municipal bonds issued by entities within Minnesota, targeting securities that support local and state projects. Its strategy aims to balance prudent investment management with the objective of preserving shareholders’ capital. The fund features a monthly income distribution schedule, aligning with the needs of investors seeking regular tax-advantaged income. With assets approaching $800 million and over 190 holdings, it plays a notable role within the municipal bond fund category, offering exposure to both the stability of municipal debt and the unique tax benefits for Minnesota residents. Established in 1995, the fund appeals especially to investors with an interest in supporting Minnesota’s infrastructure and public development initiatives while seeking tax efficiency in their income streams.

Fund Family Franklin Templeton Investments

Category Muni Minnesota

Performance Rating Below Average

Risk Rating Above Average

Stock Exchange NASDAQ

Ticker Symbol FMNIX

Share Class Class C

Index Bloomberg Municipal Bond TR

Performance

FMNIX had a total return of 4.01% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.96%.

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	0.55%
FMNZX	Advisor Class	0.60%
FMINX	Class A1	0.70%
FMNQX	Class A	0.85%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.02786	Jul 31, 2026
Jun 30, 2026	$0.02515	Jun 30, 2026
May 29, 2026	$0.0259	May 29, 2026
Apr 30, 2026	$0.0251	Apr 30, 2026
Mar 31, 2026	$0.02528	Mar 31, 2026
Feb 27, 2026	$0.02266	Feb 27, 2026

Full Dividend History