# Portfolio overlap — FMDZX vs MFSMX

Comparing **Franklin Maryland Tax-Free Income Fund** (2026-02-28) and **MFS Maryland Municipal Bond Fund** (2026-03-31).

- Shared positions: 20
- Franklin Maryland Tax-Free Income Fund covered by MFS Maryland Municipal Bond Fund: 0.1046499643202117615086296225
- MFS Maryland Municipal Bond Fund covered by Franklin Maryland Tax-Free Income Fund: 0.1046499643202117615086296225

## Franklin Maryland Tax-Free Income Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| MARYLAND ST STADIUM AUTH REVENUE | 0.039123 |  |
| Maryland Health & Higher Educational Facilities Authority, Series 2017 B | 0.032663 |  |
| Howard County Housing Commission, Series 2013 | 0.031989 |  |
| MD HEFA 5.50% 1/1/2046 | 0.031474 |  |
| Washington Suburban Sanitary Commission, Series 2023 | 0.029946 |  |
| State of Maryland, Series 2022 A | 0.028904 |  |
| MD ECON DEV CORP | 0.022851 |  |
| MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE | 0.020107 | ✓ |
| MD HLTH HGR EDL-C-REF | 0.017239 |  |
| State of Maryland Department of Transportation, Series 2024 A | 0.016923 | ✓ |
| Maryland Economic Development Corp., Series 2022 A | 0.016565 |  |
| Maryland Economic Development Corp., Series 2024 | 0.016551 |  |
| County of Frederick, Series 2025 A | 0.016477 |  |
| Maryland (State of) Health & Higher Educational Facilities Authority (Loyola University Maryland, Inc.), Series 2025, Ref. RB | 0.016330 | ✓ |
| MARYLAND ST ECON DEV CORP PRIV REGD B/E AMT 5.25000000 | 0.016240 |  |
| Howard County Housing Commission, Series 2017 | 0.016174 |  |
| MD HEFA 5% 5/15/2045 | 0.016151 |  |
| Maryland Health & Higher Educational Facilities Authority, Series 2004 | 0.016125 | ✓ |
| UNIV SYS OF MD AUXILIARY FAC & REGD B/E 4.00000000 | 0.016056 |  |
| MD MDSDEV 5.25 06/30/2055 | 0.016032 |  |
| MARYLAND ST ECON DEV CORP STUDENT HSG REVENUE | 0.016007 |  |
| Montgomery (County of), MD, Series 2017, GO Bonds | 0.015997 | ✓ |
| Washington Suburban Sanitary Commission, Series 2025 | 0.015761 | ✓ |
| MD ECON DEV CORP -A | 0.015680 |  |
| MD HLTH & HGR ED FAC | 0.015296 |  |
| MD HEFA 4% 7/1/2048 | 0.014657 | ✓ |
| Maryland (State of) Health & Higher Educational Facilities Authority, Series 2016 A, Ref. RB | 0.013373 | ✓ |
| Maryland (State of) Stadium Authority (Baltimore City Public Schools), Series 2016, RB | 0.013131 |  |
| Maryland Health & Higher Educational Facilities Authority, Series 2016 | 0.012825 |  |
| Maryland (State of) Stadium Authority  (Built to Learn), Series 2024, RB | 0.011753 |  |
| MD ST HLTH & HGR EDU | 0.011505 |  |
| PORTS AMERICA CHESAPEAKE LLC 5.0% 06-01-49 | 0.011288 | ✓ |
| PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.011232 | ✓ |
| Frederick County, Maryland, Special Obligation Bonds, Urbana Community Development Authority, Refunding Series 2020C | 0.011125 |  |
| Maryland Department of Housing & Community Development, Series 2025 C | 0.010871 |  |
| MD EDC STUD HSG 5% 6/1/43 | 0.010604 |  |
| Town of Chestertown, Series 2021 A | 0.010603 |  |
| Maryland Health & Higher Educational Facilities Authority, Series 2025 C-1 | 0.010558 |  |
| MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE | 0.010148 |  |
| MARYLAND ST HLTH & HGR EDUCTNL MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AU | 0.010116 | ✓ |
| Washington Metropolitan Area Transit Authority, Series 2021A | 0.010007 |  |
| State of Maryland Department of Transportation, Series 2021 B | 0.009996 |  |
| Washington Metropolitan Area Transit Authority, Series 2025 A | 0.009939 |  |
| City of Baltimore, Series 2016 | 0.009614 |  |
| Town of Chestertown, Series 2021 A | 0.009210 |  |
| Maryland Community Development Administration Local Government Infrastructure, Series 2019 B-1 | 0.009004 |  |
| MD ST HLTH & HGR EDU | 0.008939 |  |
| Washington Metropolitan Area Transit Authority, Series 2020 A, RB | 0.008324 |  |
| NJ TRANSPRTN TRUST-BB | 0.008210 |  |
| Town of Chestertown, Series 2021 A | 0.008166 |  |

## MFS Maryland Municipal Bond Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| MFS Institutional Money Market Portfolio, Class A | 0.032878 |  |
| MARYLAND ST ECON DEV CORP LEASE REVENUE | 0.013277 |  |
| Maryland Economic Development Corp., Series 2024 | 0.012570 |  |
| Montgomery (County of), MD, Series 2017, GO Bonds | 0.012208 | ✓ |
| MARYLAND ST STD 5% 5/1/2035 | 0.011470 |  |
| PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000 | 0.011098 | ✓ |
| County of Prince George's, Series 2025 A | 0.010330 |  |
| Washington Metropolitan Area Transit Authority Dedicated | 0.010326 |  |
| Maryland Stadium Authority, Series 2024 | 0.010099 |  |
| County of Anne Arundel, Series 2025 | 0.010040 |  |
| MD HLTH & HGR EDL-A | 0.010035 |  |
| Maryland Health & Higher Educational Facilities Authority | 0.009986 | ✓ |
| PRINCE GEO COP 5% 10/1/48 | 0.009796 |  |
| Maryland Community Development Administration, Series 2025 F-1 | 0.009679 |  |
| MARYLAND STADIUM AUTHORITY | 0.009589 |  |
| WASHINGTON SUBURBAN SANITARY COMMISSION | 0.009393 |  |
| COUNTY OF BALTIMORE MD | 0.009367 |  |
| County of Howard | 0.009150 |  |
| MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE | 0.009039 |  |
| Maryland Health & Higher Educational Facilities Authority, Series 2004 | 0.008971 | ✓ |
| County of Anne Arundel, Series 2023 | 0.008952 |  |
| City of Baltimore, Series 2019 A | 0.008944 |  |
| Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Taxable Series 2019D | 0.008944 |  |
| MARYLAND ST STA 4% 6/1/2046 | 0.008446 |  |
| MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY | 0.008276 |  |
| Maryland Health & Higher Educational Facilities Authority | 0.008100 |  |
| MONTGOMERY CNTY MD REVENUE REGD B/E 5.00000000 | 0.007969 |  |
| Maryland Community Development Administration Local Government Infrastructure | 0.007904 |  |
| MD CMNTY DEV-D-1 | 0.007651 |  |
| Washington Metropolitan Area Transit Authority, Series 2018, RB | 0.007425 |  |
| MD HEFA 4% 7/1/2048 | 0.007121 | ✓ |
| County of Montgomery | 0.007114 |  |
| MD CMNTY DEPT ADMIN-B | 0.007054 |  |
| Maryland Health & Higher Educational Facilities Authority | 0.007032 |  |
| CALIFORNIA COMMUNITY VAR | 0.006952 |  |
| MD TRANSPRTN-A-REF | 0.006941 |  |
| Montgomery County Housing Opportunities Commission, Series 2023 C | 0.006918 |  |
| Maryland Department of Housing & Community Development, Series 2024 E | 0.006917 |  |
| MD ECON DEV CORP-A | 0.006890 |  |
| County of Prince George's | 0.006685 |  |
| MARYLAND ST ECON DEV CORP AIR CARGO REVENUE | 0.006683 |  |
| Washington Metropolitan Area Transit Authority, Series 2025, RB | 0.006673 |  |
| Maryland Stadium Authority Sports Entertainment Facilities Revenue, Series 2023 A | 0.006646 |  |
| State of Maryland Department of Transportation, Series 2024 A | 0.006637 |  |
| MARYLAND ST HLTH & HGR EDUCTNL MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AU | 0.006626 | ✓ |
| MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE | 0.006592 | ✓ |
| Maryland Department of Housing & Community Development, Series 2025 D | 0.006580 |  |
| State of Maryland Department of Transportation, Series 2024 A | 0.006577 | ✓ |
| MARYLAND ST STA 4% 6/1/2036 | 0.006569 |  |
| Montgomery County Housing Opportunities Commission, Series 2025A | 0.006561 |  |


## Sources

- N-PORT (fund A) — accession `0002071691-26-008598` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/757010/000207169126008598/0002071691-26-008598-index.htm>
- N-PORT (fund B) — accession `0002071691-26-011429` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/751656/000207169126011429/0002071691-26-011429-index.htm>

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