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Morningstar

Franklin MA Tax-Free Income C FMAIX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.50  /  0.02 %
  • Total Assets 357.4 Mil
  • Adj. Expense Ratio
    1.280%
  • Expense Ratio 1.280%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Muni Massachusetts
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.81%
  • Effective Duration 6.61 years

USD | NAV as of May 26, 2023 | 1-Day Return as of May 26, 2023, 10:14 PM GMT+0

Morningstar’s Analysis FMAIX

Will FMAIX outperform in 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 Manager Research

Morningstar Manager Research

Summary

Weakness in Franklin MA Tax-Free Income C's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FMAIX

More FMAIX Holdings
  • Current Portfolio Date Apr 30, 2023
  • Equity Holdings 0
  • Bond Holdings 134
  • Other Holdings 2
  • % Assets in Top 10 Holdings 23.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MASSACHUSETTS ST SPL OBLIG DEDICATED TAX REV 5.5%

3.99
14,532,215
municipal

MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV 2.8%

3.63
13,220,487
municipal

MASSACHUSETTS ST HEALTH & EDL FACS AUTH 5.5%

2.96
10,799,475
municipal

MASSACHUSETTS ST DEV FIN AGY REV 4%

2.06
7,506,268
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

1.98
7,210,870
municipal

MASSACHUSETTS ST TRANSN FD REV 4%

1.97
7,192,904
municipal

MASSACHUSETTS ST DEV FIN AGY REV 4%

1.95
7,093,838
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

1.87
6,798,915
municipal

MASSACHUSETTS ST WTR RES AUTH 5.25%

1.74
6,328,619
municipal

MASSACHUSETTS ST DEV FIN AGY REV 4%

1.72
6,256,423
municipal