FMNIX

About FMNIX

Franklin Minnesota Tax-Free Income Fund Class C is a mutual fund focused on delivering income that is exempt from federal income taxes, with an additional emphasis on providing income free from Minnesota state personal income taxes for residents. This fund primarily invests in a portfolio of municipal bonds issued by entities within Minnesota, targeting securities that support local and state projects. Its strategy aims to balance prudent investment management with the objective of preserving shareholders’ capital. The fund features a monthly income distribution schedule, aligning with the needs of investors seeking regular tax-advantaged income. With assets approaching $800 million and over 190 holdings, it plays a notable role within the municipal bond fund category, offering exposure to both the stability of municipal debt and the unique tax benefits for Minnesota residents. Established in 1995, the fund appeals especially to investors with an interest in supporting Minnesota’s infrastructure and public development initiatives while seeking tax efficiency in their income streams.