3 / 5 Stars
3 3 2 4 5
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
#5 in Muni Massachusetts
U.S. News evaluated 18 Muni Massachusetts Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 6.55 percent over the past year, 4.86 percent over the past three years, 5.14 percent over the past five years, and 4.24 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||7.3%|
|3 Years (Annualized)||4.9%|
|5 Years (Annualized)||5.1%|
|10 Years (Annualized)||4.2%|
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.
Fees are Below Average compared to funds in the same category.
Franklin Massachusetts Tax-Free Income Fund has an expense ratio of 0.66 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.