Franklin MN Tax-Free Inc Adv (FMNZX)
| Fund Assets | 595.38M |
| Expense Ratio | 0.60% |
| Min. Investment | $1,000 |
| Turnover | 5.26% |
| Dividend (ttm) | 0.37 |
| Dividend Yield | 3.30% |
| Dividend Growth | 3.05% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 11.30 |
| YTD Return | 1.75% |
| 1-Year Return | 7.18% |
| 5-Year Return | 3.48% |
| 52-Week Low | 10.73 |
| 52-Week High | 11.45 |
| Beta (5Y) | 0.02 |
| Holdings | 197 |
| 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 7.18% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.37%.
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 |
|---|---|---|
| Jun 30, 2026 | $0.03126 | Jun 30, 2026 |
| May 29, 2026 | $0.03217 | May 29, 2026 |
| Apr 30, 2026 | $0.03119 | Apr 30, 2026 |
| Mar 31, 2026 | $0.03136 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02841 | Feb 27, 2026 |
| Jan 30, 2026 | $0.03142 | Jan 30, 2026 |