Morningstar

Franklin Massachusetts Tax-Free Income Fund Class C FMAIX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return $10.20  /  +0.69 %
  • Fund Size $266.1M
  • Adjusted Expense Ratio 1.300%
  • Net Expense Ratio 1.290%
  • Fee Level: Distribution Low
  • Share Class Type Level Load
  • Morningstar Category Muni Massachusetts
  • Fixed-Income Style Box (Funds) Medium/Extensive
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 2.80%
  • Average Effective Duration 7.93 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FMAIX

Will FMAIX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FMAIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FMAIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FMAIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Franklin MA Tax-Free Income C holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

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Portfolio Holdings FMAIX

More FMAIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 24.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MASSACHUSETTS ST 5%

3.54 10M
municipal

MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV 5.5%

3.34 9M
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5.25%

3.20 9M
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5.25%

2.23 6M
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5.5%

2.15 6M
municipal

MASSACHUSETTS ST WTR RES AUTH 5.25%

2.03 6M
municipal

MASSACHUSETTS ST HSG FIN AGY 3.5%

2.01 6M
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5.75%

1.97 6M
municipal

MASSACHUSETTS ST 5.25%

1.83 5M
municipal

UNIVERSITY MASS BLDG AUTH PROJ REV 5.25%

1.83 5M
municipal

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