Franklin Massachusetts Tax-Free Income Fund Class C (FMAIX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

10.13

+0.09 (0.90%)

At close: Oct 15, 2026

Fund Assets	280.15M
Expense Ratio	1.30%
Min. Investment	$1,000
Turnover	21.12%
Dividend (ttm)	0.28
Dividend Yield	2.76%
Dividend Growth	8.50%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	10.04
YTD Return	-2.88%
1-Year Return	-1.88%
5-Year Return	-4.86%
52-Week Low	9.89
52-Week High	10.77
Beta (5Y)	0.04
Holdings	122
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.

Fund Family Franklin Templeton, Inc

Category Muni Massachusetts

Performance Rating Below Average

Risk Rating Above Average

Stock Exchange Nasdaq

Ticker Symbol FMAIX

Share Class Class C

Index Bloomberg Municipal Bond TR

Performance

FMAIX had a total return of -1.88% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.92%.

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%
FMAHX	Advisor Class	0.65%
FMISX	Class A1	0.75%
FMAQX	Class A	0.90%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02374	Sep 30, 2026
Aug 31, 2026	$0.02258	Aug 31, 2026
Jul 31, 2026	$0.02556	Jul 31, 2026
Jun 30, 2026	$0.02308	Jun 30, 2026
May 29, 2026	$0.02315	May 29, 2026
Apr 30, 2026	$0.02303	Apr 30, 2026

Full Dividend History