FKTDX

About FKTDX

Franklin Minnesota Tax-Free Income Fund Class R6 is a municipal bond mutual fund that seeks to provide investors with a high level of income exempt from regular federal income taxes and Minnesota personal income taxes. Its primary function is to invest at least 80% of its assets in securities whose interest income is free from federal income taxes, including the federal alternative minimum tax, offering tax efficiency to investors—particularly Minnesota residents. This fund primarily focuses on debt securities issued by Minnesota state and local governments or agencies, thereby supporting infrastructure and public projects across the state. With a Class R6 share structure, it is designed for institutional investors and typically features lower expenses. The fund plays a crucial role in the municipal bond market by channeling capital into essential public endeavors while delivering steady, tax-advantaged monthly income for shareholders. Its portfolio generally holds a diversified mix of municipal bonds, balancing income generation and capital preservation within the tax-exempt investment space.