Morningstar

Franklin Maryland Tax Free Income Fund Class A1 FMDTX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return $9.17  /  +0.66 %
  • Fund Size $271.4M
  • Adjusted Expense Ratio 0.750%
  • Net Expense Ratio 0.750%
  • Fee Level: Distribution Below Average
  • Share Class Type Front Load
  • Morningstar Category Muni Single State Long
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $1,000
  • Investment Status Limited
  • TTM Yield 3.78%
  • Average Effective Duration 7.96 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FMDTX

Will FMDTX outperform in the 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 FMDTX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FMDTX 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 FMDTX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Franklin MD Tax Free Income A1 holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

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Portfolio Holdings FMDTX

More FMDTX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 27.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MARYLAND ST STAD AUTH REV 5%

3.80 12M
municipal

HOWARD CNTY MD HSG COMMN REV 5%

3.36 10M
municipal

MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5%

3.31 10M
municipal

MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5.5%

3.21 10M
municipal

WASHINGTON SUBN SAN DIST MD 4%

2.88 9M
municipal

MARYLAND ST 5%

2.83 9M
municipal

MARYLAND ST ECONOMIC DEV CORP STUDENT HSG REV 5%

2.28 7M
municipal

MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5.25%

2.01 6M
municipal

MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5.5%

1.71 5M
municipal

MONTGOMERY CNTY MD 2.8%

1.70 5M
municipal

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