FMDIX Fees and Costs — Franklin Maryland Tax-Free Income Fund, Class C
Data updated: 2026-07-27
The net expense ratio is 1.30%: a 0.53% management fee, a 0.65% 12b-1 fee plus 0.13% other expenses, less a 0.01% fee waiver. This share class carries a deferred sales charge of up to 1.00%. Portfolio turnover was 20%.
FMDIX Fees and Expenses
Annual operating expenses and sales charges of FMDIX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.53% |
| 12b-1 fee | 0.65% |
| Other expenses | 0.13% |
| Gross expense ratio | 1.31% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.30% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FMDIX Costs Over Time
On $10,000 invested in FMDIX, assuming 5% a year before costs, total costs come to $808 over 5 years, cutting the return by 1.36% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $104 | $0 | $0 |
| Fund expenses (net expense ratio 1.30%) | $136 | $425 | $734 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $240 | $446 | $808 |
| Value after costs | $10,260 | $11,131 | $11,955 |
| Impact on return, per year | 2.40% | 1.36% | 1.36% |
FMDIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $133.1M
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
FMDIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $70.6M | 53.99% |
| J.P. Morgan Securities LLC | $16.4M | 12.55% |
| Wells Fargo Securities, LLC | $8.4M | 6.39% |
| Truist Securities, Inc. | $7.5M | 5.75% |
| Loop Capital Markets LLC | $6.8M | 5.22% |
| Jefferies LLC | $5.9M | 4.55% |
| Keybanc Capital Markets Inc. | $5.3M | 4.08% |
| Janney Montgomery Scott LLC | $3.8M | 2.93% |
| FMSBONDS, INC. | $3.0M | 2.30% |
| Morgan Stanley & Co. LLC | $2.9M | 2.25% |
Franklin Maryland Tax-Free Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FMDQX | Class R6 | 0.60% | none |
| FMDZX | Advisor Class | 0.65% | none |
| FMDTX | Class A1 | 0.75% | 3.75% |
| FQMDX | Class A | 0.90% | 3.75% |
| FMDIX | Class C | 1.30% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.