Franklin Minnesota Tax Free Fund Quote
| FMNIX Fund | USD 11.06 0.01 0.09% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Franklin Minnesota is trading at 11.06 as of the 4th of June 2024; that is 0.09 percent up since the beginning of the trading day. The fund's open price was 11.05. Franklin Minnesota has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Franklin Minnesota Tax Free are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of March 2024 and ending today, the 4th of June 2024. Click here to learn more.
The fund invests at least 80 percent of its total assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax. It only buys municipal securities rated, at the time of purchase, in one of the top four ratings categories by one or more U.S. More on Franklin Minnesota Tax Free
Franklin Mutual Fund Highlights
| Fund Concentration | Franklin Templeton Investments Funds, Large Funds, Muni Minnesota Funds, Muni Minnesota, Franklin Templeton Investments (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 1st of July 2023 |
| Fiscal Year End | February |
Franklin Minnesota Tax Free [FMNIX] is traded in USA and was established 4th of June 2024. Franklin Minnesota is listed under Franklin Templeton Investments category by Fama And French industry classification. The fund is listed under Muni Minnesota category and is part of Franklin Templeton Investments family. This fund currently has accumulated 792.13 M in assets under management (AUM) with no minimum investment requirementsFranklin Minnesota Tax is currently producing year-to-date (YTD) return of 0.06% with the current yeild of 0.0%, while the total return for the last 3 years was -2.97%.
Check Franklin Minnesota Probability Of Bankruptcy
Instrument Allocation
Franklin Minnesota Tax Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Franklin Minnesota market risk premium is the additional return an investor will receive from holding Franklin Minnesota long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Franklin Minnesota. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Franklin Minnesota's alpha and beta are two of the key measurements used to evaluate Franklin Minnesota's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.1617 | |||
| Standard Deviation | 0.2173 | |||
| Variance | 0.0472 | |||
| Risk Adjusted Performance | (0.11) |
Franklin Minnesota Against Markets
Other Information on Investing in Franklin Mutual Fund
Franklin Minnesota financial ratios help investors to determine whether Franklin Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Franklin with respect to the benefits of owning Franklin Minnesota security.
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