FMNQX

About FMNQX

Franklin Minnesota Tax-Free Income Fund Class A is a municipal bond mutual fund that focuses on providing shareholders with a high level of income exempt from both regular federal income taxes and Minnesota personal income taxes. The fund primarily invests at least 80% of its total assets in municipal securities, such as bonds issued by state and local governments within Minnesota, ensuring that the interest generated remains free from federal and Minnesota state income taxes, including the federal alternative minimum tax. This fund is particularly tailored to serve residents of Minnesota, aiming to maximize after-tax income for individuals subject to these tax codes. With a diversified portfolio comprising over 180 municipal bond holdings, the fund plays a valuable role in the financial market by channeling capital to public projects and infrastructure within the state, thereby supporting local economic development. Franklin Minnesota Tax-Free Income Fund Class A distributes income on a monthly basis and has an established track record, serving income-focused investors seeking tax efficiency alongside municipal bond market exposure.