Morningstar

Franklin Minnesota Tax-Free Income Fund Class R6 FKTDX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return $10.69  /  +0.94 %
  • Fund Size $530.7M
  • Adjusted Expense Ratio 0.550%
  • Net Expense Ratio 0.550%
  • Fee Level: Distribution Above Average
  • Share Class Type Retirement, Large
  • Morningstar Category Muni Minnesota
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $1M
  • Investment Status Open
  • TTM Yield 3.68%
  • Average Effective Duration 7.39 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FKTDX

Will FKTDX outperform in the 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Franklin MN Tax-Free Inc R6 holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

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Portfolio Holdings FKTDX

More FKTDX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 25.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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

3.95 21M
municipal

FRIDLEY MINN MULTIFAMILY HSG REV 5.75%

3.02 16M
municipal

ALEXANDRIA MINN INDPT SCH DIST NO 206 3%

2.86 15M
municipal

DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5%

2.80 15M
municipal

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

2.76 15M
municipal

DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5.25%

2.40 13M
municipal

MINNESOTA MUN GAS AGY COMMODITY SUPPLY REV 4%

2.20 12M
municipal

ST PAUL MINN WTR REV 4%

2.15 11M
municipal

ROCHESTER MINN HEALTH CARE FACS REV 5%

1.90 10M
municipal

ST CLOUD MINN HEALTH CARE REV 5%

1.80 10M
municipal

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