Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.
Franklin MN Tax-Free Inc C FMNIX
- NAV / 1-Day Return 11.11 / −0.08 %
- Total Assets 689.9 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.220%
- Distribution Fee Level Low
- Share Class Type Level Load
- Category Muni Minnesota
- Credit Quality / Interest Rate Sensitivity High/Extensive
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 2.35%
- Effective Duration 7.23 years
USD | NAV as of Apr 25, 2024 | 1-Day Return as of Apr 25, 2024, 10:14 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.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 23.8
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
ALEXANDRIA MINN INDPT SCH DIST NO 206 3% | 3.98 | 28.1 Mil | municipal |
MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5% | 3.08 | 21.7 Mil | municipal |
NORTH ST PAUL MAPLEWOOD MINN INDPT SCH DIST NO 622 3% | 2.63 | 18.5 Mil | municipal |
FRIDLEY MINN MULTIFAMILY HSG REV 5.75% | 2.32 | 16.4 Mil | municipal |
DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5% | 2.28 | 16.1 Mil | municipal |
MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5% | 2.14 | 15.1 Mil | municipal |
MINNESOTA MUN GAS AGY COMMODITY SUPPLY REV 4% | 1.96 | 13.8 Mil | municipal |
ST PAUL MINN WTR REV 4% | 1.92 | 13.5 Mil | municipal |
DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5.25% | 1.91 | 13.5 Mil | municipal |
ROCHESTER MINN HEALTH CARE FACS REV 5% | 1.62 | 11.4 Mil | municipal |