Franklin MA Tax-Free Income Adv (FMAHX)

Fund Assets	280.15M
Expense Ratio	0.663%
Min. Investment	$1,000
Turnover	21.12%
Dividend (ttm)	0.35
Dividend Yield	3.48%
Dividend Growth	6.80%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.91
YTD Return	-3.32%
1-Year Return	-2.14%
5-Year Return	-2.39%
52-Week Low	9.77
52-Week High	10.64
Beta (5Y)	0.04
Holdings	122
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.

• Fund Family: Franklin Templeton, Inc
• Category: Muni Massachusetts
• Performance Rating: Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FMAHX
• Share Class: Advisor Class
• Index: Bloomberg Municipal Bond TR

Performance

FMAHX had a total return of -2.14% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.77%.

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%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FKTMX	Class R6	0.60%
FMISX	Class A1	0.75%
FMAQX	Class A	0.90%
FMAIX	Class C	1.30%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02922	Sep 30, 2026
Aug 31, 2026	$0.02803	Aug 31, 2026
Jul 31, 2026	$0.03182	Jul 31, 2026
Jun 30, 2026	$0.02879	Jun 30, 2026
May 29, 2026	$0.02901	May 29, 2026
Apr 30, 2026	$0.02871	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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