Franklin MA Tax-Free Income R6 (FKTMX)
| Fund Assets | 340.86M |
| Expense Ratio | 0.60% |
| Min. Investment | $1,000,000 |
| Turnover | 21.12% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 3.30% |
| Dividend Growth | 7.58% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 10.59 |
| YTD Return | 1.95% |
| 1-Year Return | 6.73% |
| 5-Year Return | 1.79% |
| 52-Week Low | 10.07 |
| 52-Week High | 10.65 |
| Beta (5Y) | 0.03 |
| Holdings | 121 |
| 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 6.73% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.82%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.02919 | Jun 30, 2026 |
| May 29, 2026 | $0.02946 | May 29, 2026 |
| Apr 30, 2026 | $0.02905 | Apr 30, 2026 |
| Mar 31, 2026 | $0.03057 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02585 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02959 | Jan 30, 2026 |