3 / 5 Stars
2 2 2 4 4
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#12 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 -3.73 percent over the past year, 4.99 percent over the past three years, 4.91 percent over the past five years, and 3.57 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||2.0%|
|3 Years (Annualized)||5.0%|
|5 Years (Annualized)||4.9%|
|10 Years (Annualized)||3.6%|
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 0.65 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.