Franklin MD Tax Free Income R6 (FMDQX)

Fund Assets	307.08M
Expense Ratio	0.60%
Min. Investment	$1,000,000
Turnover	20.14%
Dividend (ttm)	0.36
Dividend Yield	3.72%
Dividend Growth	4.69%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	9.66
YTD Return	0.71%
1-Year Return	5.93%
5-Year Return	2.92%
52-Week Low	9.45
52-Week High	9.92
Beta (5Y)	0.03
Holdings	108
Inception Date	Aug 1, 2017

About FMDQX

Franklin Maryland Tax-Free Income Fund Class R6 is an open-end municipal bond mutual fund that prioritizes providing investors with a high level of income exempt from both federal and Maryland state personal income taxes. The fund typically invests at least 80% of its assets in municipal securities, primarily those issued by the state of Maryland and its local authorities, which are rated in the top four credit categories by nationally recognized rating agencies or deemed of comparable quality. Additionally, up to 35% of its assets may be allocated to municipal securities from U.S. territories. The fund seeks to balance risk and return, employing a long-term investment approach while focusing on income generation through diversified municipal projects such as infrastructure and public services. This structure aims to appeal to investors—particularly Maryland residents—seeking tax-advantaged income within a disciplined, credit-focused process. The fund's portfolio decisions emphasize credit quality, duration management, and tax loss harvesting opportunities, positioning it as a specialized offering within the tax-exempt fixed-income segment of the financial market.

• Fund Family: Franklin Templeton Investments
• Category: Muni Single State Long
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: FMDQX
• Share Class: Class R6
• Index: Bloomberg Municipal Bond TR

Performance

FMDQX had a total return of 5.93% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.82%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
FMDZX	Advisor Class	0.65%
FMDTX	Class A1	0.75%
FQMDX	Class A	0.90%
FMDIX	Class C	1.30%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.03299	Jul 31, 2026
Jun 30, 2026	$0.02957	Jun 30, 2026
May 29, 2026	$0.03017	May 29, 2026
Apr 30, 2026	$0.02945	Apr 30, 2026
Mar 31, 2026	$0.03078	Mar 31, 2026
Feb 27, 2026	$0.02706	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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