Franklin Minnesota Tax-Free Income Fund Advisor Class (FMNZX)
| Fund Assets | 615.77M |
| Expense Ratio | 0.59% |
| Min. Investment | $1,000 |
| Turnover | 4.25% |
| Dividend (ttm) | 0.37 |
| Dividend Yield | 3.23% |
| Dividend Growth | 1.36% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 11.38 |
| YTD Return | 1.17% |
| 1-Year Return | 5.90% |
| 5-Year Return | 1.70% |
| 52-Week Low | 10.28 |
| 52-Week High | 11.39 |
| Beta (5Y) | n/a |
| Holdings | 188 |
| Inception Date | Jul 1, 2009 |
About FMNZX
Franklin Minnesota Tax-Free Income Fund Advisor Class is a municipal bond mutual fund designed to provide shareholders with income that is exempt from both federal and Minnesota state personal income taxes. The fund primarily invests in high-quality, tax-exempt municipal securities issued by entities within Minnesota, typically selecting bonds rated in the top four credit categories. Its portfolio spans a wide range of projects and municipalities, supporting infrastructure and public services throughout the state. With a focus on prudent investment management and capital preservation, the fund aims to maintain a competitive yield while seeking to mitigate unnecessary risk. It distributes income to shareholders on a monthly basis, which is particularly appealing to Minnesota residents seeking tax-efficient income. Widely followed within its category, this fund plays a vital role for investors looking for stable, tax-advantaged returns from municipal debt within Minnesota's borders.
Performance
FMNZX had a total return of 5.90% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.53%.
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% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.03142 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03301 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02831 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03328 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02918 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03219 | Aug 29, 2025 |