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Morningstar

Franklin MD Tax Free Income C FMDIX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 9.98  /  −0.09 %
  • Total Assets 304.3 Mil
  • Adj. Expense Ratio
    1.270%
  • Expense Ratio 1.270%
  • Distribution Fee Level Below Average
  • Share Class Type Level Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.64%
  • Effective Duration 7.12 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:16 PM GMT+0

Morningstar’s Analysis FMDIX

Will FMDIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FMDIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FMDIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FMDIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Franklin MD Tax Free Income C to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FMDIX

More FMDIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 29.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MARYLAND ST STAD AUTH REV 5%

4.21 13.0 Mil
municipal

MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5%

3.40 10.5 Mil
municipal

HOWARD CNTY MD HSG COMMN REV 5%

3.33 10.3 Mil
municipal

MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5.5%

3.25 10.0 Mil
municipal

WASHINGTON SUBN SAN DIST MD 4%

3.06 9.4 Mil
municipal

MARYLAND ST 5%

3.03 9.4 Mil
municipal

MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5%

2.83 8.7 Mil
municipal

MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5%

2.46 7.6 Mil
municipal

BALTIMORE CNTY MD 5%

2.14 6.6 Mil
municipal

MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5%

2.00 6.2 Mil
municipal