FMINX

About FMINX

Franklin Minnesota Tax-Free Income Fund Class A1 is a municipal bond mutual fund designed to generate a high level of income exempt from both federal and Minnesota state income taxes. Its primary function is to invest at least 80% of its assets in municipal securities, with a focus on bonds issued by Minnesota municipalities, school districts, airports, utilities, and other public entities. The fund aims to provide investors, especially Minnesota residents, with tax-advantaged income while maintaining prudent investment management and capital preservation. Notable features include a broad portfolio of nearly 200 holdings, moderate interest rate sensitivity, and a monthly dividend payout structure. The fund is especially relevant for individuals seeking stable, tax-free income and greater diversification through fixed-income exposure to public sector entities in Minnesota. Managed by Franklin Templeton, it holds a significant position among state-specific municipal funds and plays a vital role in supporting local infrastructure, education, and community development projects through its investments.