Franklin Minnesota Tax-Free Income Fund Advisor Class (FMNZX)
| Fund Assets | 619.21M |
| Expense Ratio | 0.59% |
| Min. Investment | $1,000 |
| Turnover | 4.25% |
| Dividend (ttm) | 0.37 |
| Dividend Yield | 3.31% |
| Dividend Growth | 3.16% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2026 |
| Previous Close | 11.13 |
| YTD Return | -0.63% |
| 1-Year Return | 4.70% |
| 5-Year Return | 2.61% |
| 52-Week Low | 10.57 |
| 52-Week High | 11.45 |
| Beta (5Y) | n/a |
| Holdings | 196 |
| 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 4.70% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.26%.
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 |
|---|---|---|
| Mar 31, 2026 | $0.03136 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02841 | Feb 27, 2026 |
| 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 |