Franklin Maryland Tax Free Income Fund Class A1 (FMDTX)

Fund Assets	307.08M
Expense Ratio	0.75%
Min. Investment	$1,000
Turnover	20.14%
Dividend (ttm)	0.34
Dividend Yield	3.57%
Dividend Growth	4.83%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	9.65
YTD Return	0.63%
1-Year Return	5.78%
5-Year Return	2.36%
52-Week Low	9.43
52-Week High	9.90
Beta (5Y)	0.29
Holdings	108
Inception Date	Oct 3, 1988

About FMDTX

Franklin Maryland Tax-Free Income Fund Class A1 is a mutual fund focused on providing federally and Maryland state tax-exempt income to investors. It primarily invests in municipal bonds issued by Maryland state and local governments, which finance public projects such as infrastructure, schools, and utilities. The fund targets securities whose interest payments are exempt from federal income taxes—including the federal alternative minimum tax—and, for Maryland residents, often exempt from state taxes as well. Classified under the muni single-state long category, it maintains a portfolio with longer durations and average maturities exceeding 12 years, focusing on generating stable, tax-advantaged income. The fund is managed by a dedicated team with experience in municipal credit selection and local market dynamics, though recent ratings indicate a below-average process relative to peers. With its targeted geographic exposure, the Franklin Maryland Tax-Free Income Fund Class A1 plays a specialized role for investors seeking tax-efficient income within the Maryland municipal bond market and greater diversification within their fixed income allocations.

• Fund Family: Franklin Templeton Investments
• Category: Muni Single State Long
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: FMDTX
• Share Class: Class A1
• Index: Bloomberg Municipal Bond TR

Performance

FMDTX had a total return of 5.78% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.20%.

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%
FQMDX	Class A	0.90%
FMDIX	Class C	1.30%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.03157	Jul 31, 2026
Jun 30, 2026	$0.0284	Jun 30, 2026
May 29, 2026	$0.02884	May 29, 2026
Apr 30, 2026	$0.02828	Apr 30, 2026
Mar 31, 2026	$0.02954	Mar 31, 2026
Feb 27, 2026	$0.02654	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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