FMNIX: Franklin MN Tax-Free Inc C

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FMNIX Franklin MN Tax-Free Inc C


Profile

FMNIX - Profile

Vitals

  • YTD Return 1.4%
  • 3 Yr Annualized Return 0.6%
  • 5 Yr Annualized Return 0.3%
  • Net Assets $995 M
  • Holdings in Top 10 19.9%

52 WEEK LOW AND HIGH

$12.81
$11.57
$13.05

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.23%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 16.45%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 1.4%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return 0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.02%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Franklin Minnesota Tax-Free Income Fund
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    May 01, 1995
  • Shares Outstanding
    10236773
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Pomeroy

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Categories

Performance

FMNIX - Performance

Return Ranking - Trailing

Period FMNIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -36.3% 945.9% 39.67%
1 Yr 2.2% -35.4% 962.3% 40.43%
3 Yr 0.6%* -10.6% 120.2% 45.70%
5 Yr 0.3%* -5.1% 60.5% 51.65%
10 Yr 0.4%* -5.0% 3.6% 46.67%

* Annualized

Return Ranking - Calendar

Period FMNIX Return Category Return Low Category Return High Rank in Category (%)
2019 3.9% -1.7% 18.3% 53.56%
2018 -2.6% -12.4% 0.8% 52.30%
2017 1.1% -6.0% 20.3% 52.15%
2016 -2.7% -7.8% 8.6% 77.27%
2015 -1.0% -18.3% 3.0% 50.95%

Total Return Ranking - Trailing

Period FMNIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -36.3% 945.9% 39.67%
1 Yr 2.2% -35.4% 962.6% 40.50%
3 Yr 0.6%* -7.4% 120.2% 50.81%
5 Yr 0.3%* -5.1% 60.5% 60.31%
10 Yr 0.4%* -5.0% 6.9% 60.47%

* Annualized

Total Return Ranking - Calendar

Period FMNIX Return Category Return Low Category Return High Rank in Category (%)
2019 3.9% -1.7% 18.3% 54.43%
2018 -2.6% -11.7% 3.1% 60.18%
2017 1.1% -6.0% 27.0% 59.91%
2016 -2.7% -7.8% 10.7% 79.86%
2015 -1.0% -14.2% 4.2% 58.17%

NAV & Total Return History


Holdings

FMNIX - Holdings

Concentration Analysis

FMNIX Category Low Category High FMNIX % Rank
Net Assets 995 M 634 K 264 B 41.22%
Number of Holdings 214 1 17920 62.20%
Net Assets in Top 10 199 M -587 M 20.8 B 38.01%
Weighting of Top 10 19.91% 2.3% 100.0% 53.25%

Top 10 Holdings

  1. ALEXANDRIA MINN INDPT SCH DIST NO 206 3% 3.10%
  2. NORTH ST PAUL MAPLEWOOD MINN INDPT SCH DIST NO 622 3% 2.36%
  3. MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5% 2.24%
  4. ROCHESTER MINN HEALTH CARE FACS REV 5% 2.05%
  5. MINNESOTA PUB FACS AUTH ST REVOLVING FD REV 5% 1.97%
  6. DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5.25% 1.76%
  7. MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5% 1.75%
  8. MINNESOTA ST 4% 1.65%
  9. HENNEPIN CNTY MINN 5% 1.60%
  10. DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5.25% 1.43%

Asset Allocation

Weighting Return Low Return High FMNIX % Rank
Bonds
101.81% 71.08% 157.69% 6.82%
Stocks
0.00% -0.38% 18.10% 64.29%
Preferred Stocks
0.00% 0.00% 9.11% 67.86%
Other
0.00% -27.60% 53.37% 63.83%
Convertible Bonds
0.00% 0.00% 6.53% 80.15%
Cash
-1.81% -57.68% 27.48% 92.55%

Bond Sector Breakdown

Weighting Return Low Return High FMNIX % Rank
Municipal
100.00% 0.00% 100.11% 2.97%
Derivative
0.00% -0.83% 31.72% 66.69%
Cash & Equivalents
0.00% -26.49% 24.02% 97.46%
Securitized
0.00% 0.00% 98.72% 82.73%
Corporate
0.00% 0.00% 99.41% 84.99%
Government
0.00% -2.21% 100.00% 84.18%

Bond Geographic Breakdown

Weighting Return Low Return High FMNIX % Rank
US
101.81% 58.40% 150.78% 4.38%
Non US
0.00% -38.91% 29.50% 93.15%

Expenses

FMNIX - Expenses

Operational Fees

FMNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.23% 0.01% 34.57% 23.51%
Management Fee 0.47% 0.00% 1.25% 77.00%
12b-1 Fee 0.65% 0.00% 1.00% 72.29%
Administrative Fee 0.15% 0.00% 0.50% 79.29%

Sales Fees

FMNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load 1.00% 0.25% 5.50% 64.46%

Trading Fees

FMNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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 16.45% 0.00% 489.00% 20.38%

Distributions

FMNIX - Distributions

Dividend Yield Analysis

FMNIX Category Low Category High FMNIX % Rank
Dividend Yield 0.00% 0.00% 6.06% 69.45%

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 2.02% -0.71% 6.53% 78.78%

Capital Gain Distribution Analysis

FMNIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

FMNIX - Fund Manager Analysis

Managers

John Pomeroy


Start Date

Tenure

Tenure Rank

Dec 31, 1989

30.35

30.4%

John Pomeroy is senior vice president of Franklin Advisers, Inc. He provides research and advice on the purchases and sales of individual securities, and portfolio risk assessment. Mr. Pomeroy joined Franklin Templeton Investments in 1986.

James Conn


Start Date

Tenure

Tenure Rank

Dec 31, 1999

20.35

20.4%

Mr. Conn is a senior vice president and portfolio manager with Franklin Advisers, Inc, his employer since 1996. He has final authority over all aspects of the Fund's investment portfolio, including but not limited to, purchases and sales of individual securities, portfolio risk assessment, and the management of daily cash balances in accordance with anticipated management requirements. Mr. Conn holds the Chartered Financial Analyst designation.

Nicholas Bucklin


Start Date

Tenure

Tenure Rank

Mar 29, 2019

1.09

1.1%

Nicholas Bucklin is a Vice President and Portfolio Manager in the Municipal Bond department. He is a co-Portfolio Manager for the Franklin Massachusetts, Minnesota, Ohio, New York Intermediate, and Federal Limited Term Tax-Free Income Funds. Nick is also a lead Portfolio Manager for Franklin Separately Managed Accounts and a member of the investment committee for the Franklin Municipal SMA strategy. Nick also manages one of the firm's actively managed municipal bond exchange traded funds (ETFs). Mr. Bucklin joined Franklin Templeton in 2008. He holds an MBA from UC Berkeley, Haas School of Business (2016) and a B.A. degree in history from Boston College. He is a Chartered Financial Analyst (CFA) charterholder, a member of the CFA Institute, and a member of the CFA Society of San Francisco. He is also a member of the National Federation of Municipal Analysts and the Municipal Bond Club of San Francisco.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.44 7.44 0.33