MDXBX – T. Rowe Price Maryland Municipal Bond Investment Strategy | Morningstar

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Strategy

The investment seeks to provide, consistent with prudent portfolio management, the highest level of income exempt from federal and Maryland state and local income taxes by investing primarily in investment-grade Maryland municipal bonds. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in bonds that pay interest exempt from federal and Maryland state and local income taxes, and at least 80% of the fund’s income is expected to be exempt from federal and Maryland state and local income taxes. It is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
MDXBX	T. Rowe Price Maryland Municipal Bond Fund	No Load	Open			Mar 31, 1987	$1.12B	0.490%	Below Average	$2,500	$98.73M
TFBIX	T. Rowe Price Maryland Municipal Bond Fund I Class	Institutional	Open			Jul 6, 2017	$1.28B	0.420%	Low	$500,000	$17.86M

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