FMAHX

About FMAHX

Franklin Massachusetts Tax-Free Income Fund Advisor Class is a municipal bond mutual fund designed to provide investors with a high level of income exempt from both regular federal income taxes and Massachusetts personal income taxes. Its primary function is to invest primarily in high-quality municipal securities issued within Massachusetts, ensuring that most of the income generated is tax-free for state residents. This fund typically holds a diversified portfolio of bonds serving public projects such as schools, infrastructure, and utilities across Massachusetts, making it particularly relevant for investors seeking tax-efficient income within the state. The fund appeals to individuals and institutions aiming to enhance after-tax returns through municipal bond exposure while potentially reducing portfolio volatility relative to other fixed income sectors. As part of the broader municipal bond market, this fund plays a key role in channeling capital into public sector development, supporting essential community services, and helping meet the income and tax management goals of eligible investors.