FMAQX – Franklin MA Tax-Free Income A Investment Strategy | Morningstar

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Strategy

The investment seeks to provide investors with as high a level of income exempt from federal income taxes as is consistent with prudent investment management and the preservation of shareholders' capital. The 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. In addition, under normal market conditions, it invests at least 80% of its total assets in securities that pay interest free from the personal income taxes, if any, of Massachusetts. The fund also may invest up to 35% of its total assets in municipal securities issued by U.S. territories.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FMAHX	Franklin Massachusetts Tax-Free Income Fund Advisor Class	No Load	Open			Jul 1, 2009	$109.33M	0.650%	Above Average	$0	−$29.30M
FMISX	Franklin Massachusetts Tax-Free Income Fund Class A1	Front Load	Limited			Apr 3, 1985	$98.97M	0.750%	Below Average	$1,000	−$16.85M
FMAQX	Franklin Massachusetts Tax-Free Income Fund Class A	Front Load	Open			Sep 10, 2018	$39.62M	0.900%	High	$1,000	−$747,608.20
FMAIX	Franklin Massachusetts Tax-Free Income Fund Class C	Level Load	Open			May 1, 1995	$2.87M	1.300%	Low	$1,000	−$1.28M
FKTMX	Franklin Massachusetts Tax-Free Income Fund Class R6	Retirement, Large	Open			Aug 1, 2017	$25.02M	0.600%	High	$0	$2.07M

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