Franklin MN Tax-Free Inc Adv (FMNZX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

10.57

+0.10 (0.96%)

At close: Oct 15, 2026

Fund Assets	530.87M
Expense Ratio	0.593%
Min. Investment	$1,000
Turnover	5.26%
Dividend (ttm)	0.38
Dividend Yield	3.56%
Dividend Growth	2.90%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	10.47
YTD Return	-3.98%
1-Year Return	-2.83%
5-Year Return	-1.53%
52-Week Low	10.27
52-Week High	11.45
Beta (5Y)	0.02
Holdings	198
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.

Fund Family Franklin Templeton, Inc

Category Muni Minnesota

Performance Rating Average

Risk Rating Above Average

Stock Exchange Nasdaq

Ticker Symbol FMNZX

Share Class Advisor Class

Index Bloomberg Municipal Bond TR

Performance

FMNZX had a total return of -2.83% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.99%.

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	0.46%

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%
FMINX	Class A1	0.70%
FMNQX	Class A	0.85%
FMNIX	Class C	1.25%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03123	Sep 30, 2026
Aug 31, 2026	$0.03007	Aug 31, 2026
Jul 31, 2026	$0.03452	Jul 31, 2026
Jun 30, 2026	$0.03126	Jun 30, 2026
May 29, 2026	$0.03217	May 29, 2026
Apr 30, 2026	$0.03119	Apr 30, 2026

Full Dividend History