Franklin Maryland Tax Free Income Fund Class A1
FMDTX
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Fund Information
Fund Type
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Open/Closed to New Investors
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Cash
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Company Information
Provider
Franklin Templeton Investments
Manager/Tenure
(Years)
(Years)
Michael J. Conn (15), John Bonelli (4), Christopher S. Sperry (4), 1 other
Website
Address
Franklin Templeton Investments
San Mateo CA - 94403
San Mateo CA - 94403
Country
United States
Phone Number
650-312-2000
Investment Strategy
The investment seeks to provide investors with as high a level of income exempt from federal income taxes as is consistent with prudent investment management and the preservation of shareholders' capital. 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.