Franklin Massachusetts Tax-Free Income Fund C (FMAIX)
10.62
+0.03
(+0.28%)
USD |
May 27 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 1.29% | 334.91M | -- | 21.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -15.20M | 5.81% |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide a high level of income exempt from federal income taxes and Massachusetts state personal income taxes. Under normal market conditions, each Fund invests at least 80% of its total assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | Massachusetts Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Massachusetts Municipal Debt Funds |
| Fund Owner Firm Name | Franklin Templeton |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
63
-5.602M
Peer Group Low
78.75M
Peer Group High
1 Year
% Rank:
66
-15.20M
-157.83M
Peer Group Low
550.40M
Peer Group High
3 Months
% Rank:
76
-171.94M
Peer Group Low
182.44M
Peer Group High
3 Years
% Rank:
66
-425.05M
Peer Group Low
961.73M
Peer Group High
6 Months
% Rank:
76
-135.57M
Peer Group Low
303.59M
Peer Group High
5 Years
% Rank:
66
-690.77M
Peer Group Low
977.20M
Peer Group High
YTD
% Rank:
76
-139.36M
Peer Group Low
182.44M
Peer Group High
10 Years
% Rank:
76
-834.16M
Peer Group Low
1.909B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of May 28, 2026.
Asset Allocation
As of December 31, 2025.
| Type | % Net |
|---|---|
| Cash | 0.04% |
| Stock | 0.00% |
| Bond | 98.77% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 1.19% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| MASSACHUSETTS ST TRANSN FD REV MA 5.000 06/01/2048 | 4.52% | 101.77 | 0.04% |
| MASSACHUSETTS ST SPL OBLIG DEDICATED TAX REV MA 5.500 01/01/2034 | 4.15% | 115.49 | 0.10% |
| MASSACHUSETTS ST MA 5.000 01/01/2049 | 3.10% | 103.83 | 0.13% |
| MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV MA 5.500 06/01/2035 | 3.03% | 115.62 | -0.02% |
| MASSACHUSETTS ST DEV FIN AGY REV MA 5.250 07/01/2045 | 2.78% | 107.77 | 0.15% |
| MASSACHUSETTS ST DEV FIN AGY REV MA 5.000 12/01/2046 | 2.06% | 100.26 | 0.01% |
| MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV MA 1.500 07/01/2031 | 2.02% | 100.00 | 0.00% |
| MASSACHUSETTS ST DEV FIN AGY REV MA 5.250 07/01/2050 | 1.99% | 102.37 | 0.14% |
| MASSACHUSETTS ST DEV FIN AGY REV MA 5.500 08/15/2050 | 1.85% | 104.65 | 0.15% |
| MASSACHUSETTS ST DEV FIN AGY REV MA 4.000 07/01/2044 | 1.78% | 98.02 | 0.25% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | 0.65% |
| Actual Management Fee | 0.51% |
| Administration Fee | -- |
| Maximum Front Load | 0.00% |
| Maximum Deferred Load | 1.00% |
| Maximum Redemption Fee | 0.00% |
| General Availability | |
| Available for Insurance Product | -- |
| Available for RRSP | -- |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 1000.00 None |
| Minimum Subsequent Investment | 0.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide a high level of income exempt from federal income taxes and Massachusetts state personal income taxes. Under normal market conditions, each Fund invests at least 80% of its total assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | Massachusetts Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Massachusetts Municipal Debt Funds |
| Fund Owner Firm Name | Franklin Templeton |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (5-26-26) | 2.57% |
| 30-Day SEC Yield (4-30-26) | 2.64% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 114 |
| Bond | |
| Yield to Maturity (12-31-25) | 3.84% |
| Effective Duration | 7.38 |
| Average Coupon | 4.80% |
| Calculated Average Quality | 2.413 |
| Effective Maturity | 12.29 |
| Nominal Maturity | 18.45 |
| Number of Bond Holdings | 112 |
As of December 31, 2025
Fund Details
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:FMAIX", "name") |
| Broad Asset Class: =YCI("M:FMAIX", "broad_asset_class") |
| Broad Category: =YCI("M:FMAIX", "broad_category_group") |
| Prospectus Objective: =YCI("M:FMAIX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |