FMAIX — Franklin Massachusetts Tax-Free Income Fund
Data updated: 2026-07-27
FMAIX — Franklin Massachusetts Tax-Free Income Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $338.38M AUM · 1.30% expense ratio · 3.2% 1-yr return. From SEC regulatory filings.
FMAIX Fund Overview
FMAIX — Franklin Massachusetts Tax-Free Income Fund is a US mutual fund managed by Franklin Tax Free Trust, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Franklin Tax Free Trust
- Category: Long Municipal - National Bond
- Assets under management: $338.38M
- 1-year return: 3.2%
- Ticker: FMAIX
- SEC CIK: 0000757010
- SEC series ID: S000006918
- Share class ID: C000018770
FMAIX Holdings
Top 10 holdings of Franklin Massachusetts Tax-Free Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Commonwealth of Massachusetts Transportation Fund | 4.52% |
| Commonwealth of Massachusetts | 4.00% |
| Commonwealth of Massachusetts | 3.10% |
| Massachusetts Health & Educational Facilities Authority | 2.95% |
| Massachusetts Development Finance Agency | 2.84% |
| Massachusetts Development Finance Agency | 1.97% |
| Massachusetts Health & Educational Facilities Authority | 1.95% |
| Massachusetts Development Finance Agency | 1.88% |
| Massachusetts Development Finance Agency | 1.77% |
| Massachusetts Water Resources Authority | 1.72% |
FMAIX Portfolio Allocation
Asset-class allocation of Franklin Massachusetts Tax-Free Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 94.5% |
| Cash & Equivalents | 3.1% |
FMAIX Performance
Total returns for FMAIX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.6% |
| 1 year | 3.2% |
| 3 years (annualised) | 3.1% |
| 5 years (annualised) | -0.1% |
FMAIX Risk Information
Risk metrics for FMAIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.1%
FMAIX Costs and Fees
FMAIX costs about $130 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.30%
- Gross expense ratio: 1.32%
- Portfolio turnover: 21%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
FMAIX Cashflows
Over the 12 months to 2026-02, Franklin Massachusetts Tax-Free Income Fund had net inflows of $9.52M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | $972.93K |
| 2026-01 | −$3.03M |
| 2025-12 | $1.75M |
| 2025-11 | −$3.29M |
| 2025-10 | −$1.67M |
| 2025-09 | −$2.15M |
FMAIX Debt Constituents
Largest debt holdings of Franklin Massachusetts Tax-Free Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Commonwealth of Massachusetts Transportation Fund | 4.52% |
| Commonwealth of Massachusetts | 4.00% |
| Commonwealth of Massachusetts | 3.10% |
| Massachusetts Health & Educational Facilities Authority | 2.95% |
| Massachusetts Development Finance Agency | 2.84% |
| Massachusetts Development Finance Agency | 1.97% |
| Massachusetts Development Finance Agency | 1.88% |
| Massachusetts Development Finance Agency | 1.77% |
| Massachusetts Water Resources Authority | 1.72% |
| Massachusetts Housing Finance Agency | 1.72% |
FMAIX Prospectus and SEC Filings
Official Franklin Massachusetts Tax-Free Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.