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FMISX Franklin MA Tax-Free Income A

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Fund FMISX Franklin MA Tax-Free Income A VMATX Vanguard MA Tax-Exempt Inv  
100% 90%
Annual Fees
(0.66% Exp. Ratio)
(0.16% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.08% annual return
$15,197.73 $17,668.15
Est. savings over 30 yrs +$2,470.43
As of 9/30/16
1 YR RETURN 5.49%
3 YR 5.95%
5 YR 4.14%
10 YR 4.04%
1 YR RETURN 6.19%
3 YR 6.25%
5 YR 4.65%
10 YR 4.59%
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.
The investment seeks a high level of current income that is exempt from both federal and Massachusetts personal income taxes. The fund invests primarily in high-quality municipal bonds issued by Massachusetts state and local governments, as well as by regional governmental and public financing authorities. Under normal circumstances, at least 80% of its assets will be invested in securities whose income is exempt from federal and Massachusetts state taxes. Although the fund has no limitations on the maturities of individual securities, its dollar-weighted average maturity is expected to be between 10 and 25 years. It is non-diversified.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

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Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.


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