Morningstar

Franklin Massachusetts Tax-Free Income Fund Class A1 FMISX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.54  /  −0.09 %
  • Total Assets 339.2M
  • Adj. Expense Ratio
    0.750%
  • Expense Ratio 0.750%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Muni Massachusetts
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Limited
  • TTM Yield 3.14%
  • Effective Duration 7.65 years

USD | NAV as of Jun 06, 2026 | 1-Day Return as of Jun 06, 2026, 2:22 AM GMT+0

Morningstar’s Analysis FMISX

Will FMISX 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 FMISX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FMISX 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 FMISX’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 A1 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.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings FMISX

More FMISX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 27.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MASSACHUSETTS ST TRANSN FD REV 5%

4.64 16M
municipal

MASSACHUSETTS ST SPL OBLIG DEDICATED TAX REV 5.5%

4.10 14M
municipal

MASSACHUSETTS ST 5%

3.16 11M
municipal

MASSACHUSETTS ST HEALTH & EDL FACS AUTH 5.5%

3.04 10M
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5.25%

2.90 10M
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

2.10 7M
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5.25%

2.02 7M
municipal

MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV 2.4%

1.91 6M
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5.5%

1.87 6M
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5.75%

1.81 6M
municipal

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