Franklin Maryland Tax Free Income Fund Class A (FQMDX)
| Fund Assets | 315.19M |
| Expense Ratio | 0.90% |
| Min. Investment | $1,000 |
| Turnover | 20.14% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.18% |
| Dividend Growth | 4.20% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | May 29, 2026 |
| Previous Close | 9.82 |
| YTD Return | 1.92% |
| 1-Year Return | 6.87% |
| 5-Year Return | 2.78% |
| 52-Week Low | 9.35 |
| 52-Week High | 9.90 |
| Beta (5Y) | n/a |
| Holdings | 108 |
| Inception Date | Sep 10, 2018 |
About FQMDX
Franklin Maryland Tax-Free Income Fund Class A is a municipal bond mutual fund designed to provide investors with a high level of income that is exempt from both regular federal income taxes and Maryland personal income taxes. The fund primarily invests at least 80% of its total assets in municipal securities issued by the state of Maryland or its local governments, targeting interest payments that are generally free from federal income tax, including the federal alternative minimum tax. Managed with a focus on prudent investment practices and capital preservation, this fund is tailored for participants seeking tax-advantaged income within the Maryland region. Notable features include a diversified portfolio of Maryland municipal bonds, a weighted average maturity approaching 18.5 years, and monthly dividend distributions. The fund plays a significant role in the local fixed-income landscape, offering investors access to the Maryland municipal bond market and helping to finance public projects within the state while aiming to deliver steady, tax-efficient income.
Performance
FQMDX had a total return of 6.87% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.97%.
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 |
|---|---|---|
| May 29, 2026 | $0.0276 | May 29, 2026 |
| Apr 30, 2026 | $0.02707 | Apr 30, 2026 |
| Mar 31, 2026 | $0.02833 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02539 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02774 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02855 | Dec 31, 2025 |