FRANKLIN MINNESOTA TAX-FREE INCOME FUND
Name
As of 02/11/2025Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.8%
1 yr return
2.6%
3 Yr Avg Return
-0.6%
5 Yr Avg Return
-0.5%
Net Assets
$707 M
Holdings in Top 10
24.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.23%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 19.81%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 02/11/2025Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FMNIX - Profile
Distributions
- YTD Total Return 0.8%
- 3 Yr Annualized Total Return -0.6%
- 5 Yr Annualized Total Return -0.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.36%
- Dividend Yield 2.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFRANKLIN MINNESOTA TAX-FREE INCOME FUND
-
Fund Family NameFranklin Templeton Investments
-
Inception DateJul 11, 1997
-
Shares Outstanding5980738
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Conn
FMNIX - Performance
Return Ranking - Trailing
Period | FMNIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.8% | -0.5% | 10.4% | 26.70% |
1 Yr | 2.6% | -5.1% | 36.1% | 72.70% |
3 Yr | -0.6%* | -9.5% | 13.0% | 88.39% |
5 Yr | -0.5%* | -7.8% | 1104.1% | 91.09% |
10 Yr | 0.8%* | -1.1% | 249.0% | 86.55% |
* Annualized
Return Ranking - Calendar
Period | FMNIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2024 | -1.7% | -6.2% | 34.9% | 81.45% |
2023 | 2.7% | -1.4% | 41.0% | 54.58% |
2022 | -12.9% | -39.7% | 0.3% | 70.29% |
2021 | -1.3% | -5.6% | 6.9% | 87.07% |
2020 | 2.9% | -2.6% | 310.0% | 7.78% |
Total Return Ranking - Trailing
Period | FMNIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.8% | -0.5% | 10.4% | 26.70% |
1 Yr | 2.6% | -5.1% | 36.1% | 72.70% |
3 Yr | -0.6%* | -9.5% | 13.0% | 88.39% |
5 Yr | -0.5%* | -7.8% | 1104.1% | 91.09% |
10 Yr | 0.8%* | -1.1% | 249.0% | 86.55% |
* Annualized
Total Return Ranking - Calendar
Period | FMNIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2024 | 1.1% | -6.2% | 34.9% | 84.41% |
2023 | 5.3% | -1.3% | 41.0% | 60.11% |
2022 | -11.2% | -39.7% | 1.1% | 76.23% |
2021 | 0.2% | -4.8% | 23761504.0% | 83.98% |
2020 | 4.3% | -1.5% | 17057.9% | 32.24% |
NAV & Total Return History
FMNIX - Holdings
Concentration Analysis
FMNIX | Category Low | Category High | FMNIX % Rank | |
---|---|---|---|---|
Net Assets | 707 M | 3.22 M | 71.9 B | 38.67% |
Number of Holdings | 198 | 4 | 14014 | 58.47% |
Net Assets in Top 10 | 169 M | -317 M | 3.09 B | 27.35% |
Weighting of Top 10 | 24.49% | 1.5% | 100.3% | 25.15% |
Top 10 Holdings
- Alexandria Independent School District No. 206, Series 2017 A 4.07%
- Minneapolis-St. Paul Metropolitan Airports Commission, Series 2016 C 3.10%
- North St. Paul-Maplewood-Oakdale Independent School District No. 622, Series 2019 A 2.74%
- City of Fridley, Series 2023 A 2.37%
- Duluth Economic Development Authority, Series 2018 A 2.34%
- Minneapolis-St. Paul Metropolitan Airports Commission, Series 2016 C 2.15%
- Minnesota Municipal Gas Agency, Series 2022 A 1.99%
- Duluth Economic Development Authority, Series 2018 A 1.96%
- City of St. Paul, Series 2023 A 1.93%
- City of Minneapolis, Series 2018 C 1.84%
Asset Allocation
Weighting | Return Low | Return High | FMNIX % Rank | |
---|---|---|---|---|
Bonds | 97.75% | 0.00% | 150.86% | 71.59% |
Cash | 2.25% | -50.86% | 44.62% | 29.91% |
Stocks | 0.00% | 0.00% | 99.77% | 71.93% |
Preferred Stocks | 0.00% | 0.00% | 0.07% | 69.35% |
Other | 0.00% | -3.69% | 53.54% | 68.48% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 68.89% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FMNIX % Rank | |
---|---|---|---|---|
Municipal | 98.72% | 44.39% | 100.00% | 43.93% |
Cash & Equivalents | 1.84% | 0.00% | 44.41% | 26.28% |
Derivative | 0.00% | -3.69% | 53.54% | 67.88% |
Securitized | 0.00% | 0.00% | 5.93% | 68.96% |
Corporate | 0.00% | 0.00% | 9.41% | 74.29% |
Government | 0.00% | 0.00% | 52.02% | 71.73% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FMNIX % Rank | |
---|---|---|---|---|
US | 97.75% | 0.00% | 142.23% | 69.02% |
Non US | 0.00% | 0.00% | 23.89% | 71.30% |
FMNIX - Expenses
Operational Fees
FMNIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.23% | 0.01% | 3.85% | 24.41% |
Management Fee | 0.48% | 0.00% | 1.20% | 75.62% |
12b-1 Fee | 0.65% | 0.00% | 1.00% | 69.33% |
Administrative Fee | 0.15% | 0.01% | 0.44% | 77.64% |
Sales Fees
FMNIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | 1.00% | 0.25% | 5.00% | 72.73% |
Trading Fees
FMNIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
FMNIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 19.81% | 0.00% | 283.00% | 57.32% |
FMNIX - Distributions
Dividend Yield Analysis
FMNIX | Category Low | Category High | FMNIX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.74% | 0.00% | 14.51% | 73.47% |
Dividend Distribution Analysis
FMNIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
FMNIX | Category Low | Category High | FMNIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.36% | -0.53% | 5.33% | 77.07% |
Capital Gain Distribution Analysis
FMNIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jan 31, 2025 | $0.026 | OrdinaryDividend |
Dec 31, 2024 | $0.024 | OrdinaryDividend |
Nov 29, 2024 | $0.024 | OrdinaryDividend |
Oct 31, 2024 | $0.024 | OrdinaryDividend |
Sep 30, 2024 | $0.022 | OrdinaryDividend |
Aug 30, 2024 | $0.025 | OrdinaryDividend |
Jul 31, 2024 | $0.024 | OrdinaryDividend |
Apr 30, 2024 | $0.023 | OrdinaryDividend |
Mar 28, 2024 | $0.024 | OrdinaryDividend |
Feb 29, 2024 | $0.024 | OrdinaryDividend |
Jan 31, 2024 | $0.024 | OrdinaryDividend |
Dec 29, 2023 | $0.023 | OrdinaryDividend |
Nov 30, 2023 | $0.022 | OrdinaryDividend |
Oct 31, 2023 | $0.022 | OrdinaryDividend |
Sep 29, 2023 | $0.021 | OrdinaryDividend |
Aug 31, 2023 | $0.022 | OrdinaryDividend |
Jul 31, 2023 | $0.021 | OrdinaryDividend |
Jun 30, 2023 | $0.023 | OrdinaryDividend |
May 31, 2023 | $0.022 | OrdinaryDividend |
Apr 28, 2023 | $0.019 | OrdinaryDividend |
Mar 31, 2023 | $0.023 | OrdinaryDividend |
Feb 28, 2023 | $0.020 | OrdinaryDividend |
Jan 31, 2023 | $0.021 | OrdinaryDividend |
Dec 30, 2022 | $0.021 | OrdinaryDividend |
Nov 30, 2022 | $0.019 | OrdinaryDividend |
Oct 31, 2022 | $0.020 | OrdinaryDividend |
Sep 30, 2022 | $0.021 | OrdinaryDividend |
Aug 31, 2022 | $0.019 | OrdinaryDividend |
Jul 29, 2022 | $0.019 | OrdinaryDividend |
Jun 30, 2022 | $0.018 | OrdinaryDividend |
May 31, 2022 | $0.018 | OrdinaryDividend |
Apr 29, 2022 | $0.017 | OrdinaryDividend |
Mar 31, 2022 | $0.017 | OrdinaryDividend |
Feb 28, 2022 | $0.014 | OrdinaryDividend |
Jan 31, 2022 | $0.015 | OrdinaryDividend |
Dec 31, 2021 | $0.017 | OrdinaryDividend |
Nov 30, 2021 | $0.014 | OrdinaryDividend |
Oct 29, 2021 | $0.013 | OrdinaryDividend |
Sep 30, 2021 | $0.014 | OrdinaryDividend |
Aug 31, 2021 | $0.015 | OrdinaryDividend |
Jul 30, 2021 | $0.014 | OrdinaryDividend |
Jun 30, 2021 | $0.015 | OrdinaryDividend |
May 28, 2021 | $0.013 | OrdinaryDividend |
Apr 30, 2021 | $0.014 | OrdinaryDividend |
Mar 31, 2021 | $0.016 | OrdinaryDividend |
Feb 26, 2021 | $0.013 | OrdinaryDividend |
Jan 29, 2021 | $0.015 | OrdinaryDividend |
Dec 31, 2020 | $0.016 | OrdinaryDividend |
Nov 30, 2020 | $0.016 | OrdinaryDividend |
Oct 30, 2020 | $0.016 | OrdinaryDividend |
Sep 30, 2020 | $0.016 | OrdinaryDividend |
Jul 31, 2020 | $0.017 | OrdinaryDividend |
Jun 30, 2020 | $0.017 | OrdinaryDividend |
May 29, 2020 | $0.017 | OrdinaryDividend |
Apr 30, 2020 | $0.018 | OrdinaryDividend |
Feb 28, 2020 | $0.017 | OrdinaryDividend |
Dec 31, 2019 | $0.021 | OrdinaryDividend |
Nov 29, 2019 | $0.019 | OrdinaryDividend |
Oct 31, 2019 | $0.021 | OrdinaryDividend |
Sep 30, 2019 | $0.022 | OrdinaryDividend |
Aug 30, 2019 | $0.020 | OrdinaryDividend |
Jul 31, 2019 | $0.023 | OrdinaryDividend |
Dec 21, 2009 | $0.020 | CapitalGainShortTerm |
Jun 18, 1999 | $0.024 | CapitalGainLongTerm |
Dec 23, 1998 | $0.018 | CapitalGainLongTerm |
Jun 24, 1998 | $0.002 | CapitalGainShortTerm |
Jun 24, 1998 | $0.004 | CapitalGainLongTerm |
Dec 22, 1997 | $0.831 | CapitalGainLongTerm |
FMNIX - Fund Manager Analysis
Managers
Michael Conn
Start Date
Tenure
Tenure Rank
Nov 02, 2020
1.58
1.6%
Mr. Conn has been a portfolio manager of Franklin Advisers, Inc since November 2020. He joined Franklin Templeton in 2006.
John Bonelli
Start Date
Tenure
Tenure Rank
Nov 02, 2020
1.58
1.6%
Mr. Bonelli is a Portfolio Manager and Research Analyst of Franklin Advisers, Inc. He joined Franklin Templeton Investments in 2010.
John Wiley
Start Date
Tenure
Tenure Rank
Nov 02, 2020
1.58
1.6%
John Wiley, Senior Vice President, has been a lead portfolio manager since 1993. Wiley has been an analyst or portfolio manager with Franklin Templeton Investments, his employer since 1989. He holds the Chartered Financial Analyst designation.
Christopher Sperry
Start Date
Tenure
Tenure Rank
Nov 02, 2020
1.58
1.6%
Sperry has been an analyst or portfolio manager of Franklin Templeton Investments, his employer since 1996. Sperry holds the Chartered Financial Analyst designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.36 | 1.58 |