Franklin Massachusetts Tax-Free Income Fund Class A1 (FMISX)
| Fund Assets | 340.86M |
| Expense Ratio | 0.75% |
| Min. Investment | $1,000 |
| Turnover | 21.12% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.03% |
| Dividend Growth | 7.26% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 10.58 |
| YTD Return | 2.27% |
| 1-Year Return | 6.88% |
| 5-Year Return | 1.52% |
| 52-Week Low | 10.07 |
| 52-Week High | 10.64 |
| Beta (5Y) | 0.29 |
| Holdings | 121 |
| Inception Date | Apr 3, 1985 |
About FMISX
Franklin Massachusetts Tax-Free Income Fund Class A1 is a municipal bond mutual fund designed to provide investors with a high level of income that is exempt from both federal and Massachusetts state personal income taxes. The fund primarily invests—under normal market conditions—at least 80% of its assets in securities whose interest payments are free from regular federal income taxes, including the federal alternative minimum tax. Focusing on bonds issued by entities within Massachusetts, the fund plays a vital role in supporting state and municipal projects, with holdings spanning sectors such as education, water resources, transportation, and health facilities. Managed by Franklin Templeton, the fund features a moderate credit quality and interest rate sensitivity profile, making it suitable for investors seeking stable, tax-advantaged income. It is notably available only to existing Class A1 shareholders and emphasizes compliance with regulatory requirements for municipal debt funds. The fund contributes to state-level infrastructure and capital improvements while offering a specialized solution for Massachusetts residents aiming to optimize their after-tax income through municipal bond exposure.
Performance
FMISX had a total return of 6.88% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.00%.
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% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.02792 | Jun 30, 2026 |
| May 29, 2026 | $0.02812 | May 29, 2026 |
| Apr 30, 2026 | $0.02785 | Apr 30, 2026 |
| Mar 31, 2026 | $0.02929 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02582 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02817 | Jan 30, 2026 |