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

Fund Assets	280.15M
Expense Ratio	0.876%
Min. Investment	$1,000
Turnover	21.12%
Dividend (ttm)	0.32
Dividend Yield	3.22%
Dividend Growth	7.30%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.92
YTD Return	-2.52%
1-Year Return	-1.50%
5-Year Return	-2.78%
52-Week Low	9.78
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, Inc
• 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 -1.50% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.14%.

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%
FMAIX	Class C	1.30%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02716	Sep 30, 2026
Aug 31, 2026	$0.02596	Aug 31, 2026
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

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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