FMDZX

About FMDZX

Franklin Maryland Tax-Free Income Fund Advisor Class is a mutual fund designed to provide investors with income that is exempt from both regular federal income taxes and Maryland state personal income taxes. The fund primarily invests in municipal bonds issued by Maryland state and local governments, which are used to finance public projects such as schools, transportation infrastructure, and hospitals. By focusing on securities whose interest is generally free from federal and Maryland state taxation, this fund is particularly attractive to residents seeking tax-efficient income solutions. As part of the muni single-state long category, the fund maintains a portfolio with durations typically exceeding six years, favoring long-term municipal instruments to capture attractive tax benefits over time. Its holdings are diversified within the Maryland municipal bond market, placing a strong emphasis on capital preservation and appreciation through high-quality debt instruments. This specialized approach supports Maryland's public initiatives while offering investors a tool for minimizing their tax liabilities within the fixed-income segment of the financial market.