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Morningstar

T. Rowe Price Maryland Tax-Free Bond MDXBX

Morningstar Medalist Rating
Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 9.92  /  −0.09 %
  • Total Assets 2.2 Bil
  • Adj. Expense Ratio
    0.490%
  • Expense Ratio 0.490%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.13%
  • Effective Duration 7.13 years

USD | NAV as of Apr 30, 2024 | 1-Day Return as of Apr 30, 2024, 10:13 PM GMT+0

Morningstar’s Analysis MDXBX

Will MDXBX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MDXBX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MDXBX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MDXBX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A strong management team and sound investment process underpin T. Rowe Price Maryland Tax-Free Bond's Morningstar Medalist Rating of Silver.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MDXBX

More MDXBX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 13.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MARYLAND ST STAD AUTH REV 5%

2.09 47.4 Mil
municipal

BALTIMORE CNTY MD 5%

1.83 41.5 Mil
municipal

MARYLAND ST ECONOMIC DEV CORP PRIVATE ACTIVITY REV 5.25%

1.74 39.5 Mil
municipal

MARYLAND ST DEPT TRANSN SPL TRANSN PROJ REV 4%

1.58 35.8 Mil
municipal

MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV 3%

1.30 29.4 Mil
municipal

MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5%

1.29 29.2 Mil
municipal

MONTGOMERY CNTY MD HSG OPPNTYS COMMN MULTIFAMILY HSG & RECONSTR DEV REV 2.8

1.10 25.0 Mil
municipal

Cash & Cash Equivalents

1.03 23.4 Mil
Cash and Equivalents

MARYLAND ST DEPT TRANSN SPL TRANSN PROJ REV 5%

0.97 22.0 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75%

0.95 21.5 Mil
municipal