Franklin Minnesota Tax-Free Income Fund Class A (FMNQX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

11.01

-0.02 (-0.18%)

At close: Aug 26, 2026

1.29% (1Y)

Fund Assets	583.31M
Expense Ratio	0.85%
Min. Investment	$1,000
Turnover	5.26%
Dividend (ttm)	0.35
Dividend Yield	3.16%
Dividend Growth	3.62%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	11.03
YTD Return	-0.52%
1-Year Return	4.48%
5-Year Return	-0.10%
52-Week Low	10.86
52-Week High	11.44
Beta (5Y)	0.02
Holdings	196
Inception Date	Sep 10, 2018

About FMNQX

Franklin Minnesota Tax-Free Income Fund Class A is a municipal bond mutual fund that focuses on providing shareholders with a high level of income exempt from both regular federal income taxes and Minnesota personal income taxes. The fund primarily invests at least 80% of its total assets in municipal securities, such as bonds issued by state and local governments within Minnesota, ensuring that the interest generated remains free from federal and Minnesota state income taxes, including the federal alternative minimum tax. This fund is particularly tailored to serve residents of Minnesota, aiming to maximize after-tax income for individuals subject to these tax codes. With a diversified portfolio comprising over 180 municipal bond holdings, the fund plays a valuable role in the financial market by channeling capital to public projects and infrastructure within the state, thereby supporting local economic development. Franklin Minnesota Tax-Free Income Fund Class A distributes income on a monthly basis and has an established track record, serving income-focused investors seeking tax efficiency alongside municipal bond market exposure.

Fund Family Franklin Templeton Investments

Category Muni Minnesota

Performance Rating Below Average

Risk Rating Above Average

Stock Exchange NASDAQ

Ticker Symbol FMNQX

Share Class Class A

Index Bloomberg Municipal Bond TR

Performance

FMNQX had a total return of 4.48% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.69%.

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%
FMNIX	Class C	1.25%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.03199	Jul 31, 2026
Jun 30, 2026	$0.02895	Jun 30, 2026
May 29, 2026	$0.0298	May 29, 2026
Apr 30, 2026	$0.02888	Apr 30, 2026
Mar 31, 2026	$0.02906	Mar 31, 2026
Feb 27, 2026	$0.02623	Feb 27, 2026

Full Dividend History