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Morningstar

Franklin MN Tax-Free Inc R6 FKTDX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 11.12  /  −0.35 %
  • Total Assets 686.4 Mil
  • Adj. Expense Ratio
    0.520%
  • Expense Ratio 0.520%
  • Distribution Fee Level Below Average
  • Share Class Type Retirement, Large
  • Category Muni Minnesota
  • Credit Quality / Interest Rate Sensitivity High/Extensive
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 3.14%
  • Effective Duration 7.29 years

USD | NAV as of Jul 01, 2024 | 1-Day Return as of Jul 01, 2024, 10:18 PM GMT+0

Morningstar’s Analysis FKTDX

Will FKTDX 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 FKTDX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FKTDX 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 FKTDX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Franklin MN Tax-Free Inc R6 to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FKTDX

More FKTDX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 24.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

ALEXANDRIA MINN INDPT SCH DIST NO 206 3%

3.90 26.5 Mil
municipal

MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5%

3.19 21.7 Mil
municipal

NORTH ST PAUL MAPLEWOOD MINN INDPT SCH DIST NO 622 3%

2.64 17.9 Mil
municipal

FRIDLEY MINN MULTIFAMILY HSG REV 5.75%

2.41 16.4 Mil
municipal

DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5%

2.38 16.2 Mil
municipal

MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5%

2.21 15.1 Mil
municipal

MINNESOTA MUN GAS AGY COMMODITY SUPPLY REV 4%

2.03 13.8 Mil
municipal

DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5.25%

1.98 13.5 Mil
municipal

ST PAUL MINN WTR REV 4%

1.96 13.3 Mil
municipal

PRIOR LAKE MINN INDPT SCH DIST NO 719 0%

1.64 11.1 Mil
municipal