Franklin Maryland Tax-Free Income Fund R6 (FMDQX)
9.74
+0.01
(+0.10%)
USD |
Apr 02 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.61% | 317.01M | -- | 8.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -25.82M | 3.48% |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide a high level of income exempt from federal income taxes and Maryland state personal income taxes. Under normal market conditions, the Fund invests at least 80% of its total assets in securities whose interest is free from federal income taxes as well as Maryland state taxes. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | Maryland Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Maryland Municipal Debt Funds |
| Fund Owner Firm Name | Franklin Templeton |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
90
257636.0
Peer Group Low
5.050M
Peer Group High
1 Year
% Rank:
90
-25.82M
-25.82M
Peer Group Low
36.23M
Peer Group High
3 Months
% Rank:
90
-8.455M
Peer Group Low
51.98M
Peer Group High
3 Years
% Rank:
90
-32.47M
Peer Group Low
46.05M
Peer Group High
6 Months
% Rank:
90
-13.44M
Peer Group Low
79.64M
Peer Group High
5 Years
% Rank:
79
-202.91M
Peer Group Low
38.65M
Peer Group High
YTD
% Rank:
90
-1.365M
Peer Group Low
51.98M
Peer Group High
10 Years
% Rank:
90
-241.40M
Peer Group Low
65.40M
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of April 03, 2026.
Asset Allocation
As of December 31, 2025.
| Type | % Net |
|---|---|
| Cash | 0.14% |
| Stock | 0.00% |
| Bond | 98.90% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.96% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| MARYLAND ST STAD AUTH REV MD 5.000 05/01/2050 | 3.88% | 105.27 | 0.00% |
| MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV MD 5.000 07/01/2039 | 3.25% | 101.00 | -0.01% |
| HOWARD CNTY MD HSG COMMN REV MD 5.000 10/01/2028 | 3.19% | 100.14 | 0.00% |
| MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV MD 5.500 01/01/2046 | 3.14% | 100.61 | -0.01% |
| WASHINGTON SUBN SAN DIST MD MD 4.000 06/01/2049 | 2.91% | 95.02 | 0.30% |
| MARYLAND ST MD 5.000 06/01/2037 | 2.85% | 110.19 | -0.01% |
| MARYLAND ST ECONOMIC DEV CORP STUDENT HSG REV MD 5.000 07/01/2054 | 2.28% | 100.58 | 0.00% |
| MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV MD 5.250 07/01/2050 | 1.98% | 101.65 | 0.00% |
| MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV MD 5.500 07/01/2055 | 1.71% | 105.52 | -0.00% |
| MARYLAND ST DEPT TRANSN SPL TRANSN PROJ REV MD 5.250 08/01/2054 | 1.69% | 101.46 | -0.00% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.53% |
| Administration Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 1.00M None |
| Minimum Subsequent Investment | 0.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide a high level of income exempt from federal income taxes and Maryland state personal income taxes. Under normal market conditions, the Fund invests at least 80% of its total assets in securities whose interest is free from federal income taxes as well as Maryland state taxes. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | Maryland Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Maryland Municipal Debt Funds |
| Fund Owner Firm Name | Franklin Templeton |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (4-1-26) | 3.63% |
| 30-Day SEC Yield (2-28-26) | 3.39% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 107 |
| Bond | |
| Yield to Maturity (12-31-25) | 3.81% |
| Effective Duration | 7.76 |
| Average Coupon | 4.75% |
| Calculated Average Quality | 2.821 |
| Effective Maturity | 13.30 |
| Nominal Maturity | 19.71 |
| Number of Bond Holdings | 105 |
As of December 31, 2025
Fund Details
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:FMDQX", "name") |
| Broad Asset Class: =YCI("M:FMDQX", "broad_asset_class") |
| Broad Category: =YCI("M:FMDQX", "broad_category_group") |
| Prospectus Objective: =YCI("M:FMDQX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |