Franklin Massachusetts Tax-Free Income Fund Class A (FMAQX)
| Fund Assets | 334.57M |
| Expense Ratio | 0.89% |
| Min. Investment | $1,000 |
| Turnover | 25.42% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 2.79% |
| Dividend Growth | 4.53% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.58 |
| YTD Return | 0.98% |
| 1-Year Return | 4.03% |
| 5-Year Return | -1.70% |
| 52-Week Low | 10.11 |
| 52-Week High | 11.00 |
| Beta (5Y) | n/a |
| Holdings | 113 |
| Inception Date | Sep 10, 2018 |
About FMAQX
Franklin Massachusetts Tax-Free Income Fund Class A is a municipal bond mutual fund designed to provide shareholders with a high level of income that is exempt from both regular federal income taxes and Massachusetts personal income taxes. The fund primarily invests at least 80% of its assets in municipal securities issued within Massachusetts, whose interest payments are free from federal income taxation, including the federal alternative minimum tax. Its portfolio is concentrated in high-quality municipal bonds issued to finance essential public projects, such as transportation, infrastructure, healthcare, and educational facilities across the state. The fund serves individual investors seeking tax-advantaged income, particularly those residing in Massachusetts, making it notable for its role in supporting local public financing while helping investors manage their tax liabilities. With a diversified mix of municipal bonds and a focus on income stability, the Franklin Massachusetts Tax-Free Income Fund Class A represents a specialized tool within the fixed income landscape for investors prioritizing tax efficiency and local investment exposure.
Performance
FMAQX had a total return of 4.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.82%.
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 | $0.02682 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02759 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0241 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02852 | Oct 31, 2025 |
| Sep 30, 2025 | $0.0246 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02824 | Aug 29, 2025 |