Franklin Massachusetts Tax-Free Income Fund Class C (FMAIX)
| Fund Assets | 334.57M |
| Expense Ratio | 1.28% |
| Min. Investment | $1,000 |
| Turnover | 25.42% |
| Dividend (ttm) | 0.26 |
| Dividend Yield | 2.47% |
| Dividend Growth | 5.97% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.71 |
| YTD Return | 0.88% |
| 1-Year Return | 3.73% |
| 5-Year Return | -3.38% |
| 52-Week Low | 9.87 |
| 52-Week High | 10.71 |
| Beta (5Y) | n/a |
| Holdings | 113 |
| Inception Date | May 1, 1995 |
About FMAIX
Franklin Massachusetts Tax-Free Income Fund Class C is a municipal bond mutual fund focused on generating a high level of income that is exempt from both federal and Massachusetts state personal income taxes. Its primary strategy is to invest at least 80% of its total assets in municipal securities whose interest payments are free from these taxes. Launched in 1995 and actively managed by Franklin Templeton Investments, the fund primarily serves investors seeking tax-advantaged income, particularly those residing in Massachusetts. The portfolio consists of a diversified basket of municipal bonds, supporting critical infrastructure and public projects within the state. This fund typically appeals to individuals seeking tax-exempt yield, with monthly income distributions reflecting the ongoing interest collected from its holdings. As a specialty municipal bond fund, it plays a significant role in the fixed-income marketplace by connecting investor capital with municipal development while allowing shareholders to benefit from its targeted tax-exempt income approach.
Performance
FMAIX had a total return of 3.73% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.31%.
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 | $0.02315 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0238 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02081 | Nov 28, 2025 |
| Oct 31, 2025 | $0.0246 | Oct 31, 2025 |
| Sep 30, 2025 | $0.0212 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02461 | Aug 29, 2025 |