The Franklin Minnesota Insured Tax-Free Income Fund Class C (FMNIX) is a mutual fund that focuses on providing tax-free income to investors in the state of Minnesota. This fund is designed to invest in a variety of municipal bonds that are issued by local governments and agencies within the state. These bonds are backed by the full faith and credit of the state, providing a level of security for investors. The Class C shares of this fund have a lower expense ratio compared to other share classes, making it a more cost-effective option for investors. Overall, the Franklin Minnesota Insured Tax-Free Income Fund Class C offers a tax-efficient way for investors to generate income while also supporting the local economy.