Franklin Massachusetts Tax-Free Income Fund Advisor Class (FMAHX)
| Fund Assets | 334.57M |
| Expense Ratio | 0.64% |
| Min. Investment | $1,000 |
| Turnover | 25.42% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.15% |
| Dividend Growth | 3.84% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.58 |
| YTD Return | 0.94% |
| 1-Year Return | 4.46% |
| 5-Year Return | 0.01% |
| 52-Week Low | 9.69 |
| 52-Week High | 10.58 |
| Beta (5Y) | n/a |
| Holdings | 113 |
| Inception Date | Jul 1, 2009 |
About FMAHX
Franklin Massachusetts Tax-Free Income Fund Advisor Class is a municipal bond mutual fund designed to provide investors with a high level of income exempt from both regular federal income taxes and Massachusetts personal income taxes. Its primary function is to invest primarily in high-quality municipal securities issued within Massachusetts, ensuring that most of the income generated is tax-free for state residents. This fund typically holds a diversified portfolio of bonds serving public projects such as schools, infrastructure, and utilities across Massachusetts, making it particularly relevant for investors seeking tax-efficient income within the state. The fund appeals to individuals and institutions aiming to enhance after-tax returns through municipal bond exposure while potentially reducing portfolio volatility relative to other fixed income sectors. As part of the broader municipal bond market, this fund plays a key role in channeling capital into public sector development, supporting essential community services, and helping meet the income and tax management goals of eligible investors.
Performance
FMAHX had a total return of 4.46% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.67%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FDMMX | Fidelity | Fidelity Massachusetts Municipal Income Fund | 0.45% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.02907 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02987 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02612 | Nov 28, 2025 |
| Oct 31, 2025 | $0.0309 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02665 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03047 | Aug 29, 2025 |