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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 9.46  /  0.35 %
  • Total Assets 2.1 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 3.06%
  • Effective Duration 7.32 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:17 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 sound investment process and strong management team 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 0
  • Bond Holdings 570
  • Other Holdings 9
  • % Assets in Top 10 Holdings 13.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MARYLAND ST STAD AUTH REV 5%

2.08
46,273,080
municipal

MARYLAND ST ECONOMIC DEV CORP PRIVATE ACTIVITY REV 5.25%

1.76
39,045,133
municipal

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

1.51
33,650,744
municipal

MARYLAND ST DEPT TRANSN SPL TRANSN PROJ REV 4%

1.44
32,097,984
municipal

MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5%

1.42
31,600,979
municipal

ANNE ARUNDEL CNTY MD 5%

1.35
29,992,814
municipal

MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5%

1.23
27,273,401
municipal

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

1.07
23,862,774
municipal

MONTGOMERY CNTY MD 1.35%

1.05
23,350,000
municipal

UNIVERSITY MD SYS AUXILIARY FAC & TUIT REV 4%

1.00
22,258,903
municipal