Franklin MD Tax Free Income Adv (FMDZX)

Fund Assets	307.08M
Expense Ratio	0.65%
Min. Investment	$1,000
Turnover	20.14%
Dividend (ttm)	0.35
Dividend Yield	3.67%
Dividend Growth	4.69%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	9.66
YTD Return	0.68%
1-Year Return	5.88%
5-Year Return	2.56%
52-Week Low	9.44
52-Week High	9.91
Beta (5Y)	0.03
Holdings	108
Inception Date	Jul 1, 2009

About FMDZX

Franklin Maryland Tax-Free Income Fund Advisor Class is a mutual fund designed to provide investors with income that is exempt from both regular federal income taxes and Maryland state personal income taxes. The fund primarily invests in municipal bonds issued by Maryland state and local governments, which are used to finance public projects such as schools, transportation infrastructure, and hospitals. By focusing on securities whose interest is generally free from federal and Maryland state taxation, this fund is particularly attractive to residents seeking tax-efficient income solutions. As part of the muni single-state long category, the fund maintains a portfolio with durations typically exceeding six years, favoring long-term municipal instruments to capture attractive tax benefits over time. Its holdings are diversified within the Maryland municipal bond market, placing a strong emphasis on capital preservation and appreciation through high-quality debt instruments. This specialized approach supports Maryland's public initiatives while offering investors a tool for minimizing their tax liabilities within the fixed-income segment of the financial market.

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

Performance

FMDZX had a total return of 5.88% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.31%.

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%
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	$0.03246	Jul 31, 2026
Jun 30, 2026	$0.02921	Jun 30, 2026
May 29, 2026	$0.02968	May 29, 2026
Apr 30, 2026	$0.02908	Apr 30, 2026
Mar 31, 2026	$0.03034	Mar 31, 2026
Feb 27, 2026	$0.02726	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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