Franklin Maryland Tax Free Income Fund Class C (FMDIX)

Fund Assets	307.08M
Expense Ratio	1.30%
Min. Investment	$1,000
Turnover	20.14%
Dividend (ttm)	0.29
Dividend Yield	2.93%
Dividend Growth	5.75%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	9.85
YTD Return	0.18%
1-Year Return	5.07%
5-Year Return	-1.10%
52-Week Low	9.63
52-Week High	10.10
Beta (5Y)	0.03
Holdings	108
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.

• Fund Family: Franklin Templeton Investments
• Category: Muni Single State Long
• Performance Rating: Below Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: FMDIX
• Share Class: Class C
• Index: Bloomberg Municipal Bond TR

Performance

FMDIX had a total return of 5.07% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.01%.

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%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FMDQX	Class R6	0.60%
FMDZX	Advisor Class	0.65%
FMDTX	Class A1	0.75%
FQMDX	Class A	0.90%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.02656	Jul 31, 2026
Jun 30, 2026	$0.02384	Jun 30, 2026
May 29, 2026	$0.02416	May 29, 2026
Apr 30, 2026	$0.02374	Apr 30, 2026
Mar 31, 2026	$0.02499	Mar 31, 2026
Feb 27, 2026	$0.02227	Feb 27, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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