FMISX

About FMISX

Franklin Massachusetts Tax-Free Income Fund Class A1 is a municipal bond mutual fund designed to provide investors with a high level of income that is exempt from both federal and Massachusetts state personal income taxes. The fund primarily invests—under normal market conditions—at least 80% of its assets in securities whose interest payments are free from regular federal income taxes, including the federal alternative minimum tax. Focusing on bonds issued by entities within Massachusetts, the fund plays a vital role in supporting state and municipal projects, with holdings spanning sectors such as education, water resources, transportation, and health facilities. Managed by Franklin Templeton, the fund features a moderate credit quality and interest rate sensitivity profile, making it suitable for investors seeking stable, tax-advantaged income. It is notably available only to existing Class A1 shareholders and emphasizes compliance with regulatory requirements for municipal debt funds. The fund contributes to state-level infrastructure and capital improvements while offering a specialized solution for Massachusetts residents aiming to optimize their after-tax income through municipal bond exposure.