FMNIX — Franklin Minnesota Tax-Free Income Fund
Data updated: 2026-07-27
FMNIX — Franklin Minnesota Tax-Free Income Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $595.38M AUM · 1.25% expense ratio · 4.1% 1-yr return. From SEC regulatory filings.
FMNIX Fund Overview
FMNIX — Franklin Minnesota Tax-Free Income Fund is a US mutual fund managed by Franklin Tax Free Trust, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Franklin Tax Free Trust
- Category: Long Municipal - National Bond
- Assets under management: $595.38M
- 1-year return: 4.1%
- Ticker: FMNIX
- SEC CIK: 0000757010
- SEC series ID: S000006920
- Share class ID: C000018775
FMNIX Holdings
Top 10 holdings of Franklin Minnesota Tax-Free Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Alexandria Independent School District No. 206 | 4.88% |
| Minneapolis-St. Paul Metropolitan Airports Commission | 3.51% |
| City of Fridley MN | 2.81% |
| Duluth Economic Development Authority | 2.66% |
| North St. Paul-Maplewood-Oakdale Independent School District No. 622 | 2.53% |
| Minneapolis-St. Paul Metropolitan Airports Commission | 2.44% |
| Duluth Economic Development Authority | 2.21% |
| City of St Paul MN Water Revenue | 2.20% |
| Minnesota Municipal Gas Agency | 1.97% |
| City of Rochester MN | 1.80% |
FMNIX Portfolio Allocation
Asset-class allocation of Franklin Minnesota Tax-Free Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 99.3% |
| Cash & Equivalents | 0.6% |
FMNIX Performance
Total returns for FMNIX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.8% |
| 1 year | 4.1% |
| 3 years (annualised) | 3.8% |
| 5 years (annualised) | 0.2% |
FMNIX Risk Information
Risk metrics for FMNIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.3%
FMNIX Costs and Fees
FMNIX costs about $125 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.25%
- Gross expense ratio: 1.25%
- Portfolio turnover: 5%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
FMNIX Cashflows
Over the 12 months to 2026-02, Franklin Minnesota Tax-Free Income Fund had net outflows of $47.27M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | −$3.69M |
| 2026-01 | $4.77M |
| 2025-12 | −$20.25M |
| 2025-11 | −$2.11M |
| 2025-10 | −$2.78M |
| 2025-09 | −$2.54M |
FMNIX Debt Constituents
Largest debt holdings of Franklin Minnesota Tax-Free Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Alexandria Independent School District No. 206 | 4.88% |
| Minneapolis-St. Paul Metropolitan Airports Commission | 3.51% |
| City of Fridley MN | 2.81% |
| Duluth Economic Development Authority | 2.66% |
| North St. Paul-Maplewood-Oakdale Independent School District No. 622 | 2.53% |
| Minneapolis-St. Paul Metropolitan Airports Commission | 2.44% |
| Duluth Economic Development Authority | 2.21% |
| City of St Paul MN Water Revenue | 2.20% |
| Minnesota Municipal Gas Agency | 1.97% |
| City of Rochester MN | 1.80% |
FMNIX Prospectus and SEC Filings
Official Franklin Minnesota Tax-Free Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.