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Morningstar

Franklin MN Tax-Free Inc C FMNIX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 11.31  /  +0.02 %
  • Total Assets 686.6 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 2.42%
  • Effective Duration 6.88 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:12 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.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Franklin MN Tax-Free Inc C 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
Rated on Published on

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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 3%

4.04 27.8 Mil
municipal

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

3.18 21.9 Mil
municipal

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

2.73 18.8 Mil
municipal

FRIDLEY MINN MULTIFAMILY HSG REV 5.75%

2.37 16.3 Mil
municipal

DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5%

2.36 16.3 Mil
municipal

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

2.21 15.2 Mil
municipal

MINNESOTA MUN GAS AGY COMMODITY SUPPLY REV 4%

1.99 13.7 Mil
municipal

DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5.25%

1.99 13.7 Mil
municipal

ST PAUL MINN WTR REV 4%

1.95 13.4 Mil
municipal

MINNEAPOLIS MINN HEALTH CARE SYS REV 4.65%

1.75 12.0 Mil
municipal