Franklin Maryland Tax Free Income Fund Class A (FQMDX)

Fund Assets	307.08M
Expense Ratio	0.90%
Min. Investment	$1,000
Turnover	20.14%
Dividend (ttm)	0.33
Dividend Yield	3.42%
Dividend Growth	5.02%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	9.65
YTD Return	0.53%
1-Year Return	5.62%
5-Year Return	1.30%
52-Week Low	9.43
52-Week High	9.90
Beta (5Y)	0.02
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.

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

Performance

FQMDX had a total return of 5.62% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.74%.

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%
FMDIX	Class C	1.30%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.03024	Jul 31, 2026
Jun 30, 2026	$0.02719	Jun 30, 2026
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

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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