Franklin Massachusetts Tax-Free Income Fund Class R6 (FKTMX)
| Fund Assets | 334.57M |
| Expense Ratio | 0.59% |
| Min. Investment | $1,000,000 |
| Turnover | 25.42% |
| Dividend (ttm) | 0.34 |
| Dividend Yield | 3.20% |
| Dividend Growth | 4.52% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.59 |
| YTD Return | 0.95% |
| 1-Year Return | 4.51% |
| 5-Year Return | 0.31% |
| 52-Week Low | 9.70 |
| 52-Week High | 10.59 |
| Beta (5Y) | n/a |
| Holdings | 113 |
| Inception Date | Aug 1, 2017 |
About FKTMX
Franklin Massachusetts Tax-Free Income Fund Class R6 is a municipal bond mutual fund designed to provide investors with a high level of income that is exempt from both federal income taxes and Massachusetts state personal income taxes. The fund primarily invests at least 80% of its assets in tax-exempt municipal securities issued by entities within Massachusetts, including various types of government and revenue-backed bonds. This focus makes it particularly relevant for Massachusetts residents seeking to maximize after-tax income. Managed by Franklin Advisers, Inc., the fund employs a diversified portfolio of over 100 holdings, aiming to balance income generation with credit quality and interest rate sensitivity. Its structure is tailored to institutional investors, reflected in its high minimum investment requirement. With monthly income distributions and a targeted mandate of tax efficiency, the fund plays a significant role in the municipal bond market by supporting local infrastructure projects while offering investors a tool for tax-advantaged income.
Performance
FKTMX had a total return of 4.51% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.46%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.02959 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03044 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02658 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03163 | Oct 31, 2025 |
| Sep 30, 2025 | $0.0275 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03086 | Aug 29, 2025 |