Franklin Maryland Tax Free Income Fund Class C (FMDIX)
| Fund Assets | 317.01M |
| Expense Ratio | 1.29% |
| Min. Investment | $1,000 |
| Turnover | 8.30% |
| Dividend (ttm) | 0.26 |
| Dividend Yield | 2.61% |
| Dividend Growth | 5.44% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2026 |
| Previous Close | 9.92 |
| YTD Return | -0.24% |
| 1-Year Return | 2.69% |
| 5-Year Return | 0.25% |
| 52-Week Low | 9.49 |
| 52-Week High | 10.10 |
| Beta (5Y) | n/a |
| Holdings | 105 |
| Inception Date | May 1, 1995 |
About FMDIX
Franklin Maryland Tax-Free Income Fund Class C is a mutual fund focused on providing investors with a high level of income that is generally exempt from both federal income tax and Maryland state personal income tax. As part of the municipal bond sector, the fund invests primarily in bonds issued by Maryland state and local governments, which are used to finance public projects such as infrastructure, education, and transportation. The targeted approach of holding bonds from a single state makes it especially relevant for Maryland residents seeking to maximize local tax efficiencies. Classified in the muni single-state long category, the fund maintains a portfolio with longer durations, typically of more than six years, and average maturities beyond twelve years. The fund's strategy reflects a balance between income generation and prudent risk management, aligning with the needs of investors prioritizing tax-advantaged income. Its performance, fees, and risk profile should be evaluated in the context of other municipal bond funds and broader market benchmarks.
Performance
FMDIX had a total return of 2.69% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.04%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| SMDMX | Fidelity | Fidelity Maryland Municipal Income Fund | 0.55% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2026 | $0.02499 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02227 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02427 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02498 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02147 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02513 | Oct 31, 2025 |