FMDIX: Franklin MD Tax Free Income C

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FMDIX Franklin MD Tax Free Income C


Profile

FMDIX - Profile

Vitals

  • YTD Return -1.1%
  • 3 Yr Annualized Return -0.2%
  • 5 Yr Annualized Return -0.9%
  • Net Assets $433 M
  • Holdings in Top 10 30.6%

52 WEEK LOW AND HIGH

$11.19
$10.62
$11.62

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.28%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 5.33%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -1.1%
  • 3 Yr Annualized Total Return -0.2%
  • 5 Yr Annualized Total Return -0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.55%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Franklin Maryland Tax Free Income Fund
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    May 01, 1995
  • Shares Outstanding
    3921164
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Pomeroy

Fund Description

The fund invests at least 80% of its total assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax. In addition, under normal market conditions, it invests at least 80% of its total assets in securities that pay interest free from the personal income taxes, if any, of Maryland. The fund also may invest up to 35% of its total assets in municipal securities issued by U.S. territories.


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Categories

Performance

FMDIX - Performance

Return Ranking - Trailing

Period FMDIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.1% -23.6% 195.6% 50.74%
1 Yr 0.4% -22.3% 190.1% 55.67%
3 Yr -0.2%* -7.3% 6.5% 72.24%
5 Yr -0.9%* -6.0% 11.8% 83.41%
10 Yr -0.2%* -5.4% 3.9% 83.12%

* Annualized

Return Ranking - Calendar

Period FMDIX Return Category Return Low Category Return High Rank in Category (%)
2019 3.2% -4.3% 18.3% 67.55%
2018 -1.9% -11.7% 4.6% 33.19%
2017 -0.4% -6.0% 8.3% 90.77%
2016 -2.3% -7.8% 7.7% 68.57%
2015 -2.4% -18.3% 3.0% 72.78%

Total Return Ranking - Trailing

Period FMDIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.1% -23.6% 195.6% 50.70%
1 Yr 0.4% -22.3% 190.1% 55.59%
3 Yr -0.2%* -7.3% 8.5% 76.94%
5 Yr -0.9%* -6.0% 11.8% 88.07%
10 Yr -0.2%* -5.4% 6.7% 89.93%

* Annualized

Total Return Ranking - Calendar

Period FMDIX Return Category Return Low Category Return High Rank in Category (%)
2019 3.2% -4.3% 18.3% 67.84%
2018 -1.9% -11.7% 6.5% 42.30%
2017 -0.4% -6.0% 10.4% 92.14%
2016 -2.3% -7.8% 10.7% 71.30%
2015 -2.4% -12.6% 4.2% 78.61%

NAV & Total Return History


Holdings

FMDIX - Holdings

Concentration Analysis

FMDIX Category Low Category High FMDIX % Rank
Net Assets 433 M 652 K 269 B 59.80%
Number of Holdings 82 1 17723 86.78%
Net Assets in Top 10 133 M -216 M 24.5 B 48.16%
Weighting of Top 10 30.60% 2.4% 100.0% 29.18%

Top 10 Holdings

  1. MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5% 3.79%
  2. BALTIMORE MD PROJ REV 5% 3.52%
  3. PRINCE GEORGES CNTY MD 4% 3.21%
  4. WASHINGTON D C MET AREA TRAN AUTH GROSS REV 5% 3.19%
  5. ANNE ARUNDEL CNTY MD 5% 3.09%
  6. MARYLAND ST STAD AUTH REV 5% 2.85%
  7. MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5% 2.82%
  8. MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5% 2.81%
  9. MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5% 2.67%
  10. HOWARD CNTY MD HSG COMMN REV 5% 2.64%

Asset Allocation

Weighting Return Low Return High FMDIX % Rank
Bonds
99.92% 80.16% 159.74% 17.58%
Cash
0.08% -59.74% 19.63% 79.79%
Stocks
0.00% -0.38% 24.73% 36.96%
Preferred Stocks
0.00% 0.00% 7.43% 42.29%
Other
0.00% -4.63% 28.26% 39.30%
Convertible Bonds
0.00% 0.00% 7.24% 62.10%

Bond Sector Breakdown

Weighting Return Low Return High FMDIX % Rank
Municipal
99.92% 0.00% 100.11% 9.73%
Cash & Equivalents
0.08% -29.57% 39.95% 87.14%
Derivative
0.00% -0.83% 31.05% 40.17%
Securitized
0.00% 0.00% 98.30% 68.19%
Corporate
0.00% 0.00% 99.29% 73.34%
Government
0.00% -2.21% 122.41% 71.11%

Bond Geographic Breakdown

Weighting Return Low Return High FMDIX % Rank
US
98.07% 61.81% 156.78% 25.76%
Non US
1.85% -17.15% 26.76% 58.90%

Expenses

FMDIX - Expenses

Operational Fees

FMDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.28% 0.01% 34.57% 21.65%
Management Fee 0.51% 0.00% 1.10% 90.56%
12b-1 Fee 0.65% 0.00% 1.00% 72.26%
Administrative Fee 0.15% 0.00% 0.50% 73.21%

Sales Fees

FMDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load 1.00% 0.25% 5.50% 38.79%

Trading Fees

FMDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FMDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 5.33% 0.00% 489.00% 3.03%

Distributions

FMDIX - Distributions

Dividend Yield Analysis

FMDIX Category Low Category High FMDIX % Rank
Dividend Yield 0.00% 0.00% 3.57% 55.87%

Dividend Distribution Analysis

FMDIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Semi-Annually Monthly Monthly

Net Income Ratio Analysis

FMDIX Category Low Category High FMDIX % Rank
Net Income Ratio 2.55% -0.20% 6.30% 51.24%

Capital Gain Distribution Analysis

FMDIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

FMDIX - Fund Manager Analysis

Managers

John Pomeroy


Start Date

Tenure

Tenure Rank

Dec 31, 1989

30.18

30.2%

Mr. Pomeroy is senior vice president of Franklin Advisers, Inc. He provides research and advice on the purchases and sales of individual securities, and portfolio risk assessment. Mr. Pomeroy joined Franklin Templeton Investments in 1986.

Michael Conn


Start Date

Tenure

Tenure Rank

Feb 28, 2010

10.01

10.0%

James Conn, CFA Senior Vice President and portfolio manager at Franklin Advisers, Inc. Mr. Conn has been an analyst or portfolio manager of the Kentucky, Louisiana, Maryland and Virginia Funds since February 2010. He joined Franklin Templeton Investments in 2001.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 33.27 7.41 0.16