Franklin Massachusetts Tax-Free Income Fund Class A (FMAQX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

10.37

-0.01 (-0.10%)

At close: Aug 26, 2026

2.07% (1Y)

Fund Assets	331.41M
Expense Ratio	0.90%
Min. Investment	$1,000
Turnover	21.12%
Dividend (ttm)	0.32
Dividend Yield	3.10%
Dividend Growth	8.84%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	10.38
YTD Return	0.46%
1-Year Return	5.25%
5-Year Return	-0.85%
52-Week Low	10.15
52-Week High	10.65
Beta (5Y)	0.02
Holdings	122
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.

Fund Family Franklin Templeton Investments

Category Muni Massachusetts

Performance Rating Below Average

Risk Rating Above Average

Stock Exchange NASDAQ

Ticker Symbol FMAQX

Share Class Class A

Index Bloomberg Municipal Bond TR

Performance

FMAQX had a total return of 5.25% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.54%.

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	0.44%

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%
FMAIX	Class C	1.30%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.02944	Jul 31, 2026
Jun 30, 2026	$0.02662	Jun 30, 2026
May 29, 2026	$0.02679	May 29, 2026
Apr 30, 2026	$0.02656	Apr 30, 2026
Mar 31, 2026	$0.028	Mar 31, 2026
Feb 27, 2026	$0.02454	Feb 27, 2026

Full Dividend History