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Morningstar

1919 Maryland Tax-Free Income C LMMCX

Morningstar Medalist Rating
Medalist Rating as of | See 1919 Funds Investment Hub
  • NAV / 1-Day Return 14.55  /  0.42 %
  • Total Assets 66.7 Mil
  • Adj. Expense Ratio
    1.300%
  • Expense Ratio 1.300%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Muni Single State Interm
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.63%
  • Effective Duration —

USD | NAV as of May 30, 2023 | 1-Day Return as of May 30, 2023, 10:26 PM GMT+0

Morningstar’s Analysis LMMCX

Will LMMCX 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 LMMCX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the LMMCX 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 LMMCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Strengths in its Parent and People Pillars aren't enough to overcome 1919 Maryland Tax-Free Income C's other weaknesses, limiting it to a Morningstar Medalist Rating of Neutral. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings LMMCX

More LMMCX Holdings
  • Current Portfolio Date Apr 30, 2023
  • Equity Holdings 0
  • Bond Holdings 54
  • Other Holdings 4
  • % Assets in Top 10 Holdings 38.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5.25%

5.06
3,320,376
municipal

MARYLAND ST DEPT TRANSN CONS TRANSN 4%

4.89
3,208,203
municipal

MONTGOMERY CNTY MD 3.65%

4.12
2,705,000
municipal

MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5%

4.03
2,645,807
municipal

PRINCE GEORGES CNTY MD CTFS PARTN 3%

3.83
2,510,200
municipal

BALTIMORE MD PROJ REV 5%

3.56
2,336,721
municipal

MONTGOMERY CNTY MD HSG OPPNTYS COMMN MULTIFAMILY REV 4%

3.51
2,300,000
municipal

MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 3.8%

3.51
2,300,000
municipal

MARYLAND ST STAD AUTH REV 5%

3.24
2,123,098
municipal

MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5%

3.19
2,090,386
municipal