{
  "page": "compare",
  "query": {
    "a": "FMAIX",
    "b": "PXMAX"
  },
  "retrieved_at": "2026-07-07T19:38:20+00:00",
  "disclaimer": "Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them.",
  "attribution": "Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC.",
  "terms": {
    "notice": "Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed.",
    "url": "https://fundwatcher.app/terms/"
  },
  "fund_a": {
    "name": "Franklin Massachusetts Tax-Free Income Fund",
    "ticker": "FMAIX",
    "slug": "FMAIX",
    "series_id": "S000006918",
    "html_url": "https://fundwatcher.app/funds/FMAIX/"
  },
  "fund_b": {
    "name": "Putnam Massachusetts Tax Exempt Income Fund",
    "ticker": "PXMAX",
    "slug": "PXMAX",
    "series_id": "S000006210",
    "html_url": "https://fundwatcher.app/funds/PXMAX/"
  },
  "overlap": {
    "coverage_a_by_b": "0.2262975199285427587000038108",
    "coverage_b_by_a": "0.2262975199285427587000038109",
    "shared_count": 33,
    "as_of": {
      "a": "2026-02-28",
      "b": "2025-08-31"
    },
    "a_top": [
      {
        "name": "MA ST TRANS REV 5% 6/1/48",
        "value": "15313150.50",
        "weight": "0.04622541",
        "shared": true
      },
      {
        "name": "Commonwealth of Massachusetts, Series 2005",
        "value": "14138770.80",
        "weight": "0.04268034",
        "shared": false
      },
      {
        "name": "MA ST 5% 1/1/2049",
        "value": "10570408.00",
        "weight": "0.03190862",
        "shared": false
      },
      {
        "name": "MASSACHUSETTS ST HLTH & EDUCTNL FACS AUTH REVENUE",
        "value": "10341601.48",
        "weight": "0.03121792",
        "shared": false
      },
      {
        "name": "Massachusetts Development Finance Agency, Series N",
        "value": "9633924.70",
        "weight": "0.02908168",
        "shared": true
      },
      {
        "name": "MASSACHUSETTS ST HLTH & EDUCTNL FACS AUTH",
        "value": "7300000.00",
        "weight": "0.02203632",
        "shared": true
      },
      {
        "name": "MA ST DEV FIN AGY-N",
        "value": "6928507.52",
        "weight": "0.02091491",
        "shared": false
      },
      {
        "name": "MASSACHUSETTS ST DEV FIN AGY REVENUE",
        "value": "6714680.70",
        "weight": "0.02026943",
        "shared": false
      },
      {
        "name": "MASSACHUSETTS ST DEV FIN AGY R REGD B/E 5.50000000",
        "value": "6327358.80",
        "weight": "0.01910023",
        "shared": true
      },
      {
        "name": "MASSACHUSETTS ST DEV FIN AGY",
        "value": "6151448.64",
        "weight": "0.01856922",
        "shared": true
      },
      {
        "name": "MA WTR RES REF-BEN-B",
        "value": "5917013.30",
        "weight": "0.01786153",
        "shared": false
      },
      {
        "name": "Massachusetts Housing Finance Agency, Series A",
        "value": "5806678.81",
        "weight": "0.01752847",
        "shared": false
      },
      {
        "name": "MBTA SLS TAX 5.25% 7/1/55",
        "value": "5374266.50",
        "weight": "0.01622316",
        "shared": true
      },
      {
        "name": "MASSACHUSETTS ST DEV FIN AGY R REGD B/E 5.00000000",
        "value": "5327912.00",
        "weight": "0.01608323",
        "shared": true
      },
      {
        "name": "MASS CMNWLTH-A",
        "value": "5221452.00",
        "weight": "0.01576186",
        "shared": false
      },
      {
        "name": "UNIV OF MASSACHUSETTS MA BLDGAUTH PROJ REVENUE",
        "value": "5144773.50",
        "weight": "0.01553039",
        "shared": false
      },
      {
        "name": "MASSACHUSETTS ST-A",
        "value": "5117526.00",
        "weight": "0.01544814",
        "shared": false
      },
      {
        "name": "MASSACHUSETTS ST",
        "value": "5110065.50",
        "weight": "0.01542562",
        "shared": false
      },
      {
        "name": "NATIONAL SENIOR COMMUNITIES INC OBLIGATED GROUP 5.125% 11-15-46",
        "value": "5078136.00",
        "weight": "0.01532924",
        "shared": false
      },
      {
        "name": "MA WTR RES AUTH-B-REF",
        "value": "5062065.00",
        "weight": "0.01528072",
        "shared": false
      },
      {
        "name": "MASSACHUSETTS ST DEV FIN AGY R REGD B/E 4.00000000",
        "value": "5013885.50",
        "weight": "0.01513529",
        "shared": false
      },
      {
        "name": "Commonwealth of Massachusetts, Series 2016 B",
        "value": "5000036.00",
        "weight": "0.01509348",
        "shared": false
      },
      {
        "name": "Massachusetts (Commonwealth of), Series 2017 A, Ref. RB",
        "value": "4963049.42",
        "weight": "0.01498183",
        "shared": false
      },
      {
        "name": "MA ST DFA 4% 10/1/2046",
        "value": "4929634.50",
        "weight": "0.01488096",
        "shared": false
      },
      {
        "name": "Massachusetts Port Authority, Series 2019 C",
        "value": "4738072.39",
        "weight": "0.01430270",
        "shared": false
      },
      {
        "name": "Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2007 A-1, Ref. RB",
        "value": "4543384.40",
        "weight": "0.01371500",
        "shared": false
      },
      {
        "name": "Massachusetts Development Finance Agency, Series 2021",
        "value": "4443757.50",
        "weight": "0.01341426",
        "shared": true
      },
      {
        "name": "MASSACHUSETTS ST DEV FIN AGY REVENUE",
        "value": "4399782.85",
        "weight": "0.01328151",
        "shared": true
      },
      {
        "name": "MASSACHUSETTS ST EDUCTNL FING AUTH",
        "value": "4322257.19",
        "weight": "0.01304749",
        "shared": false
      },
      {
        "name": "Massachusetts Water Resources Authority, Series 2024 B",
        "value": "4248347.60",
        "weight": "0.01282438",
        "shared": false
      },
      {
        "name": "MASS DEVEL FIN 5% 7/1/2050",
        "value": "4051779.43",
        "weight": "0.01223100",
        "shared": true
      },
      {
        "name": "MASS DEVEL FIN 4% 7/1/2044",
        "value": "4005704.00",
        "weight": "0.01209191",
        "shared": false
      },
      {
        "name": "MASSACHUSETTS ST DEV FIN AGY R REGD B/E 4.00000000",
        "value": "4001418.00",
        "weight": "0.01207898",
        "shared": false
      },
      {
        "name": "Massachusetts Development Finance Agency, Series 2024 U-1",
        "value": "4000000.00",
        "weight": "0.01207470",
        "shared": true
      },
      {
        "name": "MA ST DEV FIN AGY-M",
        "value": "3911320.24",
        "weight": "0.01180700",
        "shared": true
      },
      {
        "name": "Massachusetts Development Finance Agency, Series 2017 T",
        "value": "3823227.75",
        "weight": "0.01154108",
        "shared": false
      },
      {
        "name": "Commonwealth of Massachusetts, Series 2025 C",
        "value": "3690111.25",
        "weight": "0.01113924",
        "shared": true
      },
      {
        "name": "MA ST DEV FIN AGY-A-2",
        "value": "3640271.40",
        "weight": "0.01098879",
        "shared": false
      },
      {
        "name": "Massachusetts Bay Transportation Authority, Series 2024A",
        "value": "3619399.65",
        "weight": "0.01092579",
        "shared": true
      },
      {
        "name": "PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000",
        "value": "3592394.31",
        "weight": "0.01084427",
        "shared": false
      },
      {
        "name": "MASSACHUSETTS ST DEV FIN AGY R REGD N/C B/E 5.00000000",
        "value": "3582775.50",
        "weight": "0.01081523",
        "shared": true
      },
      {
        "name": "MASSACHUSETTS ST DEV FIN AGY R MASDEV 07/30 FIXED 5",
        "value": "3462099.42",
        "weight": "0.01045095",
        "shared": false
      },
      {
        "name": "MASSACHUSETTS ST",
        "value": "3148953.30",
        "weight": "0.00950566",
        "shared": false
      },
      {
        "name": "MASSACHUSETTS ST DEV FIN AGY REVENUE",
        "value": "3141450.60",
        "weight": "0.00948302",
        "shared": false
      },
      {
        "name": "NATIONAL SENIOR COMMUNITIES INC OBLIGATED GROUP 5.0% 11-15-38",
        "value": "3092943.90",
        "weight": "0.00933659",
        "shared": true
      },
      {
        "name": "MASS DEVEL FIN 4% 7/1/2050",
        "value": "3011473.02",
        "weight": "0.00909066",
        "shared": true
      },
      {
        "name": "MASSACHUSETTS ST DEV FIN AGY REVENUE",
        "value": "2943629.10",
        "weight": "0.00888586",
        "shared": false
      },
      {
        "name": "MASSACHUSETTS ST DEV",
        "value": "2858662.20",
        "weight": "0.00862937",
        "shared": true
      },
      {
        "name": "MASSACHUSETTS ST DEV FIN AGY REVENUE",
        "value": "2810753.64",
        "weight": "0.00848475",
        "shared": false
      },
      {
        "name": "MA WTR RES AUTH-B-GEN",
        "value": "2637500.37",
        "weight": "0.00796175",
        "shared": false
      }
    ],
    "b_top": [
      {
        "name": "Massachusetts Development Finance Agency, Series 2024 U-1",
        "value": "8000000.00",
        "weight": "0.03202028",
        "shared": true
      },
      {
        "name": "MASSACHUSETTS ST DEV FIN AGY",
        "value": "5559152.50",
        "weight": "0.02225070",
        "shared": true
      },
      {
        "name": "Commonwealth of Massachusetts, Series 2025 C",
        "value": "5088992.00",
        "weight": "0.02036887",
        "shared": true
      },
      {
        "name": "MA ST 5% 1/1/54",
        "value": "5061013.00",
        "weight": "0.02025688",
        "shared": false
      },
      {
        "name": "Massachusetts Bay Transportation Authority, Sales Tax Revenue Bonds, Subordinated Series 2017A-2",
        "value": "4478119.08",
        "weight": "0.01792383",
        "shared": false
      },
      {
        "name": "MASS DEVEL FIN 4% 10/1/2045",
        "value": "4052420.73",
        "weight": "0.01621996",
        "shared": false
      },
      {
        "name": "Massachusetts Housing Finance Agency",
        "value": "4039327.69",
        "weight": "0.01616755",
        "shared": false
      },
      {
        "name": "MASSACHUSETTS ST DEV FIN AGY R REGD B/E 5.50000000",
        "value": "4020268.40",
        "weight": "0.01609127",
        "shared": true
      },
      {
        "name": "MA ST TRANS REV 5% 6/1/50",
        "value": "3914577.42",
        "weight": "0.01566823",
        "shared": false
      },
      {
        "name": "Town of North Reading MA",
        "value": "3753862.88",
        "weight": "0.01502497",
        "shared": false
      },
      {
        "name": "City of Brockton MA",
        "value": "3439561.76",
        "weight": "0.01376697",
        "shared": false
      },
      {
        "name": "MBTA ASSMNT 5% 7/1/52",
        "value": "3382595.59",
        "weight": "0.01353896",
        "shared": false
      },
      {
        "name": "MASSACHUSETTS ST DEV FIN AGY REVENUE",
        "value": "3290109.93",
        "weight": "0.01316878",
        "shared": false
      },
      {
        "name": "MASS DEVEL FIN 4% 7/1/2051",
        "value": "3155444.55",
        "weight": "0.01262978",
        "shared": false
      },
      {
        "name": "MA ST DEV-FF",
        "value": "3132723.59",
        "weight": "0.01253884",
        "shared": false
      },
      {
        "name": "MASSACHUSETTS ST PORT AUTH SPL FACS REVENUE",
        "value": "3040637.25",
        "weight": "0.01217026",
        "shared": false
      },
      {
        "name": "MA ST 5% 1/1/2049",
        "value": "3014399.40",
        "weight": "0.01206524",
        "shared": false
      },
      {
        "name": "MA ST DEV FIN -J2",
        "value": "2904192.31",
        "weight": "0.01162413",
        "shared": false
      },
      {
        "name": "MASSACHUSETTS ST DEV FIN AGY R REGD N/C B/E 5.00000000",
        "value": "2869686.50",
        "weight": "0.01148602",
        "shared": true
      },
      {
        "name": "MA ST DEV FIN AGY-M",
        "value": "2778215.50",
        "weight": "0.01111991",
        "shared": true
      },
      {
        "name": "MASSACHUSETTS ST EDUCTNL FING AUTH",
        "value": "2753523.85",
        "weight": "0.01102108",
        "shared": false
      },
      {
        "name": "MASSACHUSETTS ST DEV",
        "value": "2692095.90",
        "weight": "0.01077521",
        "shared": true
      },
      {
        "name": "Territory of Guam, Series F",
        "value": "2664607.50",
        "weight": "0.01066519",
        "shared": false
      },
      {
        "name": "MBTA SLS TAX 5.25% 7/1/55",
        "value": "2595127.00",
        "weight": "0.01038709",
        "shared": true
      },
      {
        "name": "MA ST 5.25% 10/1/2052",
        "value": "2573135.50",
        "weight": "0.01029907",
        "shared": false
      },
      {
        "name": "MASSACHUSETTS ST DEV FIN AGY R REGD B/E 5.00000000",
        "value": "2562053.25",
        "weight": "0.01025471",
        "shared": true
      },
      {
        "name": "MA ST DFA 5% 10/1/2046",
        "value": "2522998.00",
        "weight": "0.01009839",
        "shared": false
      },
      {
        "name": "MASSACHUSETTS ST PORT AUTH",
        "value": "2519900.00",
        "weight": "0.01008599",
        "shared": false
      },
      {
        "name": "University of Massachusetts Building Authority",
        "value": "2441139.99",
        "weight": "0.00977075",
        "shared": false
      },
      {
        "name": "Massachusetts Bay Transportation Authority, Sales Tax Revenue Bonds, Subordinated Series 2017A-2",
        "value": "2402684.16",
        "weight": "0.00961683",
        "shared": false
      },
      {
        "name": "Massachusetts Development Finance Agency, Series N",
        "value": "2305097.10",
        "weight": "0.00922623",
        "shared": true
      },
      {
        "name": "Davis Joint Unified School District",
        "value": "2256326.34",
        "weight": "0.00903103",
        "shared": false
      },
      {
        "name": "TX WTR DEV BRD -REV",
        "value": "2165250.17",
        "weight": "0.00866649",
        "shared": false
      },
      {
        "name": "NATIONAL SENIOR COMMUNITIES INC OBLIGATED GROUP 5.0% 11-15-38",
        "value": "2138826.69",
        "weight": "0.00856073",
        "shared": true
      },
      {
        "name": "MASSACHUSETTS ST DEV FIN AGY REVENUE",
        "value": "2115628.70",
        "weight": "0.00846788",
        "shared": true
      },
      {
        "name": "MA ST TRANS REV 5% 6/1/48",
        "value": "2097228.03",
        "weight": "0.00839423",
        "shared": true
      },
      {
        "name": "MASSACHUSETTS ST DEV FIN AGY R REGD B/E 5.00000000",
        "value": "2043476.20",
        "weight": "0.00817909",
        "shared": true
      },
      {
        "name": "MA ST 5% 11/1/2048",
        "value": "2042091.47",
        "weight": "0.00817354",
        "shared": false
      },
      {
        "name": "MA ST 5% 9/1/2049",
        "value": "2019588.60",
        "weight": "0.00808347",
        "shared": false
      },
      {
        "name": "SHERMAN TX ISD 5% 2/15/2053",
        "value": "2018172.40",
        "weight": "0.00807781",
        "shared": false
      },
      {
        "name": "MASSACHUSETTS ST MAS 10/52 FIXED 5",
        "value": "2015595.80",
        "weight": "0.00806749",
        "shared": false
      },
      {
        "name": "MASSACHUSETTS ST DEV FIN AGY REVENUE",
        "value": "2009066.80",
        "weight": "0.00804136",
        "shared": false
      },
      {
        "name": "MASSACHUSETTS ST HLTH & EDUCTNL FACS AUTH",
        "value": "2000000.00",
        "weight": "0.00800507",
        "shared": true
      },
      {
        "name": "Massachusetts School Building Authority, Series 2016 A",
        "value": "1999905.80",
        "weight": "0.00800469",
        "shared": false
      },
      {
        "name": "MA ST DFA 4% 7/15/2036",
        "value": "1995552.40",
        "weight": "0.00798727",
        "shared": false
      },
      {
        "name": "Massachusetts Development Finance Agency",
        "value": "1984017.80",
        "weight": "0.00794110",
        "shared": false
      },
      {
        "name": "Massachusetts Housing Finance Agency",
        "value": "1929829.00",
        "weight": "0.00772421",
        "shared": false
      },
      {
        "name": "MASS DEVEL FIN 5% 7/1/2050",
        "value": "1922068.00",
        "weight": "0.00769314",
        "shared": true
      },
      {
        "name": "MASS DEVEL FIN(BOSTON MED CTR) 5.25% 7/1/52",
        "value": "1890580.20",
        "weight": "0.00756711",
        "shared": true
      },
      {
        "name": "Massachusetts Development Finance Agency",
        "value": "1882538.40",
        "weight": "0.00753493",
        "shared": false
      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0002071691-26-008617",
      "as_of": "2026-02-28",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/757010/000207169126008617/0002071691-26-008617-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0002071691-25-003379",
      "as_of": "2025-08-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/792288/000207169125003379/0002071691-25-003379-index.htm"
    }
  ]
}