{
  "page": "compare",
  "query": {
    "a": "FMDIX",
    "b": "FRALX"
  },
  "retrieved_at": "2026-07-07T18:50:46+00:00",
  "disclaimer": "Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them.",
  "attribution": "Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC.",
  "terms": {
    "notice": "Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed.",
    "url": "https://fundwatcher.app/terms/"
  },
  "fund_a": {
    "name": "Franklin Maryland Tax-Free Income Fund",
    "ticker": "FMDIX",
    "slug": "FMDIX",
    "series_id": "S000006917",
    "html_url": "https://fundwatcher.app/funds/FMDIX/"
  },
  "fund_b": {
    "name": "Franklin Alabama Tax-Free Income Fund",
    "ticker": "FRALX",
    "slug": "FRALX",
    "series_id": "S000006911",
    "html_url": "https://fundwatcher.app/funds/FRALX/"
  },
  "overlap": {
    "coverage_a_by_b": "0.03312565404953056618418168609",
    "coverage_b_by_a": "0.03312565404953056618418168609",
    "shared_count": 10,
    "as_of": {
      "a": "2026-02-28",
      "b": "2026-02-28"
    },
    "a_top": [
      {
        "name": "MARYLAND ST STADIUM AUTH REVENUE",
        "value": "12227922.32",
        "weight": "0.03912269",
        "shared": false
      },
      {
        "name": "Maryland Health & Higher Educational Facilities Authority, Series 2017 B",
        "value": "10208941.00",
        "weight": "0.03266305",
        "shared": false
      },
      {
        "name": "Howard County Housing Commission, Series 2013",
        "value": "9998397.13",
        "weight": "0.03198943",
        "shared": false
      },
      {
        "name": "MD HEFA 5.50% 1/1/2046",
        "value": "9837336.60",
        "weight": "0.03147412",
        "shared": false
      },
      {
        "name": "Washington Suburban Sanitary Commission, Series 2023",
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      },
      {
        "name": "State of Maryland, Series 2022 A",
        "value": "9034102.40",
        "weight": "0.02890421",
        "shared": false
      },
      {
        "name": "MD ECON DEV CORP",
        "value": "7142256.80",
        "weight": "0.02285133",
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      },
      {
        "name": "MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE",
        "value": "6284635.80",
        "weight": "0.02010741",
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      },
      {
        "name": "MD HLTH HGR EDL-C-REF",
        "value": "5388106.00",
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      },
      {
        "name": "State of Maryland Department of Transportation, Series 2024 A",
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      },
      {
        "name": "Maryland Economic Development Corp., Series 2022 A",
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      },
      {
        "name": "Maryland Economic Development Corp., Series 2024",
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      },
      {
        "name": "County of Frederick, Series 2025 A",
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      {
        "name": "Maryland (State of) Health & Higher Educational Facilities Authority (Loyola University Maryland, Inc.), Series 2025, Ref. RB",
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      },
      {
        "name": "MARYLAND ST ECON DEV CORP PRIV REGD B/E AMT 5.25000000",
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      },
      {
        "name": "Howard County Housing Commission, Series 2017",
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      {
        "name": "MD HEFA 5% 5/15/2045",
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      {
        "name": "Maryland Health & Higher Educational Facilities Authority, Series 2004",
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      {
        "name": "UNIV SYS OF MD AUXILIARY FAC & REGD B/E 4.00000000",
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      },
      {
        "name": "MD MDSDEV 5.25 06/30/2055",
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      {
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      {
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      {
        "name": "MD ECON DEV CORP -A",
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      {
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      {
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      {
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      {
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      {
        "name": "Maryland Health & Higher Educational Facilities Authority, Series 2016",
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      {
        "name": "Maryland (State of) Stadium Authority  (Built to Learn), Series 2024, RB",
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      {
        "name": "MD ST HLTH & HGR EDU",
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      {
        "name": "PORTS AMERICA CHESAPEAKE LLC 5.0% 06-01-49",
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      },
      {
        "name": "PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000",
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        "weight": "0.01123150",
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      },
      {
        "name": "Frederick County, Maryland, Special Obligation Bonds, Urbana Community Development Authority, Refunding Series 2020C",
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      {
        "name": "Maryland Department of Housing & Community Development, Series 2025 C",
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      {
        "name": "MD EDC STUD HSG 5% 6/1/43",
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      {
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      {
        "name": "Maryland Health & Higher Educational Facilities Authority, Series 2025 C-1",
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      {
        "name": "MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE",
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      {
        "name": "MARYLAND ST HLTH & HGR EDUCTNL MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AU",
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      {
        "name": "Washington Metropolitan Area Transit Authority, Series 2021A",
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      {
        "name": "State of Maryland Department of Transportation, Series 2021 B",
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      {
        "name": "Washington Metropolitan Area Transit Authority, Series 2025 A",
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      {
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      {
        "name": "Town of Chestertown, Series 2021 A",
        "value": "2878616.48",
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      {
        "name": "Maryland Community Development Administration Local Government Infrastructure, Series 2019 B-1",
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      {
        "name": "MD ST HLTH & HGR EDU",
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      {
        "name": "Washington Metropolitan Area Transit Authority, Series 2020 A, RB",
        "value": "2601582.00",
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      {
        "name": "NJ TRANSPRTN TRUST-BB",
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      {
        "name": "Town of Chestertown, Series 2021 A",
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      {
        "name": "City of Huntsville, Series 2018 B",
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      {
        "name": "Jefferson (County of), AL, Series 2024, Ref. Revenue Wts.",
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      {
        "name": "Madison Water & Wastewater Board, Series 2017",
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      {
        "name": "Jacksonville State University, Series 2020",
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      {
        "name": "Special Care Facilities Financing Authority of the City of Pell City Alabama, Series 2021 A",
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      {
        "name": "HUNTSVILLE HLTH-B",
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      {
        "name": "Black Belt Energy Gas District (The), Series 2023 B, RB",
        "value": "3286317.30",
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      {
        "name": "Bessemer Governmental Utility Services Corp., Series 2017",
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      {
        "name": "East Alabama Health Care Authority (The), Series 2018 A",
        "value": "3078876.90",
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      {
        "name": "City of Trussville, Series 2018 A",
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      {
        "name": "Madison City Board of Education, Series 2019",
        "value": "2954831.10",
        "weight": "0.01790231",
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      {
        "name": "Florence City Board of Education, Series 2022",
        "value": "2867772.00",
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      {
        "name": "Alexander City Board of Education, Series 2022",
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        "name": "Auburn University, Series 2025, RB",
        "value": "2794956.80",
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      {
        "name": "Mobile (City of), AL Infirmary Health System Special Care Facilities Financing Authority, Series 2021 A, Ref. RB",
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      {
        "name": "City of Bessemer, Series 2017",
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      },
      {
        "name": "Jacksonville State University, Series 2017",
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        "name": "University of Montevallo, Series 2017",
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        "name": "City of Lincoln, Series 2020",
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      {
        "name": "S E ENERGY-B-REV",
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      {
        "name": "DCH HLTH CARE -A-REV",
        "value": "2205889.69",
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      },
      {
        "name": "SOUTHEAST ENERGY AUTH VAR",
        "value": "2176945.80",
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      },
      {
        "name": "BLACK BELT ENRY GAS-A",
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      {
        "name": "Homewood Educational Building Authority, Series 2019 A",
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      {
        "name": "Public Finance Authority, Series 2025 A-2",
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      },
      {
        "name": "SOUTHEAST ENERGY AUTH VAR",
        "value": "2061317.00",
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      {
        "name": "Columbia Industrial Development Board, Series 2014 D",
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      {
        "name": "Water Works Board of the City of Birmingham (The), Series 2016B",
        "value": "2047475.00",
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      {
        "name": "UNIV SOUTH AL 5% 4/1/2049",
        "value": "2043205.20",
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      },
      {
        "name": "Talladega County Board of Education, Series 2017",
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      {
        "name": "Opelika Utilities Board, Series 2017",
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      },
      {
        "name": "DCH Healthcare Authority, Series 2015",
        "value": "2002266.60",
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      {
        "name": "Mobile (County of), AL (Gomessa), Series 2020, Revenue Wts.",
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      {
        "name": "Mobile County Board of School Commissioners, Series 2022, RB",
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      {
        "name": "HUNTSVILLE HLTH CARE",
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      },
      {
        "name": "LIMESTONE CO WTR SWR",
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      {
        "name": "City of Tuscaloosa, Series 2020 A",
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      {
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      {
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        "name": "Selma Industrial Development Board, Series 2020A",
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      },
      {
        "name": "Capital Trust Authority, Series 2024",
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      },
      {
        "name": "Public Finance Authority, Series 2024 A-2",
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      },
      {
        "name": "City of Tuscaloosa, Series 2025B",
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      },
      {
        "name": "Black Belt Energy Gas District, Series 2025, RB",
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      },
      {
        "name": "Homewood Educational Building Authority, Series 2021 A",
        "value": "1232100.35",
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    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0002071691-26-008598",
      "as_of": "2026-02-28",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/757010/000207169126008598/0002071691-26-008598-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0002071691-26-008606",
      "as_of": "2026-02-28",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/757010/000207169126008606/0002071691-26-008606-index.htm"
    }
  ]
}