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Morningstar

Franklin MD Tax Free Income A1 FMDTX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 9.78  /  −0.09 %
  • Total Assets 302.6 Mil
  • Adj. Expense Ratio
    0.730%
  • Expense Ratio 0.730%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Limited
  • TTM Yield 3.25%
  • Effective Duration 7.12 years

USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 11:49 PM GMT+0

Morningstar’s Analysis FMDTX

Will FMDTX 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 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.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Franklin MD Tax Free Income A1 to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FMDTX

More FMDTX 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