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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 10.76  /  +0.11 %
  • Total Assets 283.9 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 Medium/Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.23%
  • Effective Duration 6.50 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:12 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.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Franklin MA Tax-Free Income C to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FMAIX

More FMAIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 25.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MASSACHUSETTS ST SPL OBLIG DEDICATED TAX REV 5.5%

4.92 14.1 Mil
municipal

MASSACHUSETTS ST HEALTH & EDL FACS AUTH 5.5%

3.60 10.3 Mil
municipal

MASSACHUSETTS ST DEV FIN AGY REV 4%

2.63 7.5 Mil
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

2.45 7.0 Mil
municipal

MASSACHUSETTS ST DEV FIN AGY REV 4%

2.21 6.3 Mil
municipal

MASSACHUSETTS ST WTR RES AUTH 5.25%

2.13 6.1 Mil
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

2.07 5.9 Mil
municipal

MASSACHUSETTS ST HSG FIN AGY 3.5%

1.98 5.7 Mil
municipal

MASSACHUSETTS ST TRANSN FD REV 5%

1.90 5.4 Mil
municipal

MASSACHUSETTS ST 5.25%

1.85 5.3 Mil
municipal