FKTMX Fees and Costs — Franklin Massachusetts Tax-Free Income Fund, Class R6
Data updated: 2026-07-27
The net expense ratio is 0.60%: a 0.53% management fee plus 0.07% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 21%.
FKTMX Fees and Expenses
Annual operating expenses and sales charges of FKTMX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.53% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.60% |
| Fee waiver | — |
| Net expense ratio | 0.60% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FKTMX Costs Over Time
On $10,000 invested in FKTMX, assuming 5% a year before costs, total costs come to $378 over 5 years, cutting the return by 0.63% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.60%) | $63 | $197 | $344 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $63 | $207 | $378 |
| Value after costs | $10,437 | $11,369 | $12,384 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
FKTMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $173.9M
- Portfolio turnover (prospectus): 21%
- Securities lending: none during the year
FKTMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $67.7M | 41.77% |
| Goldman Sachs & Co. LLC | $20.6M | 12.69% |
| J.P. Morgan Securities LLC | $13.6M | 8.39% |
| Wells Fargo Securities, LLC | $12.9M | 7.94% |
| Barclays Capital, Inc. | $12.1M | 7.46% |
| Piper Sandler & Co. | $8.0M | 4.91% |
| RBC Capital Markets, LLC | $7.5M | 4.66% |
| Raymond James & Associates, Inc. | $7.1M | 4.38% |
| BofA Securities, Inc. | $6.9M | 4.28% |
| Mesirow Financial, Inc. | $5.7M | 3.52% |
Franklin Massachusetts Tax-Free Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FKTMX | Class R6 | 0.60% | none |
| FMAHX | Advisor Class | 0.65% | none |
| FMISX | Class A1 | 0.75% | 3.75% |
| FMAQX | Class A | 0.90% | 3.75% |
| FMAIX | Class C | 1.30% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.