FMDQX

About FMDQX

Franklin Maryland Tax-Free Income Fund Class R6 is an open-end municipal bond mutual fund that prioritizes providing investors with a high level of income exempt from both federal and Maryland state personal income taxes. The fund typically invests at least 80% of its assets in municipal securities, primarily those issued by the state of Maryland and its local authorities, which are rated in the top four credit categories by nationally recognized rating agencies or deemed of comparable quality. Additionally, up to 35% of its assets may be allocated to municipal securities from U.S. territories. The fund seeks to balance risk and return, employing a long-term investment approach while focusing on income generation through diversified municipal projects such as infrastructure and public services. This structure aims to appeal to investors—particularly Maryland residents—seeking tax-advantaged income within a disciplined, credit-focused process. The fund's portfolio decisions emphasize credit quality, duration management, and tax loss harvesting opportunities, positioning it as a specialized offering within the tax-exempt fixed-income segment of the financial market.