Morningstar

Franklin MN Tax-Free Inc C FMNIX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 11.50  /  +0.09 %
  • Total Assets 692.8 Mil
  • Adj. Expense Ratio
    1.230%
  • Expense Ratio 1.230%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Muni Minnesota
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.46%
  • Effective Duration 6.88 years

USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 10:09 PM GMT+0

Morningstar’s Analysis FMNIX

Will FMNIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FMNIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FMNIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FMNIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Franklin MN Tax-Free Inc C's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings FMNIX

More FMNIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 24.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

ALEXANDRIA MINN INDPT SCH DIST NO 206

4.07 28.1 Mil
municipal

MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV

3.12 21.6 Mil
municipal

NORTH ST PAUL MAPLEWOOD MINN INDPT SCH DIST NO 622

2.74 19.0 Mil
municipal

FRIDLEY MINN MULTIFAMILY HSG REV

2.39 16.5 Mil
municipal

DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV

2.33 16.1 Mil
municipal

MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV

2.16 15.0 Mil
municipal

MINNESOTA MUN GAS AGY COMMODITY SUPPLY REV

2.00 13.8 Mil
municipal

DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV

1.95 13.5 Mil
municipal

ST PAUL MINN WTR REV

1.94 13.4 Mil
municipal

MINNEAPOLIS MINN HEALTH CARE SYS REV

1.84 12.7 Mil
municipal

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