Morningstar

T. Rowe Price Maryland Tax Free Bond Fund I Class TFBIX

Morningstar Medalist Rating
Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 10.17  /  −0.10 %
  • Total Assets 2.6B
  • Adj. Expense Ratio
    0.420%
  • Expense Ratio 0.420%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 500,000
  • Status Open
  • TTM Yield 3.56%
  • Effective Duration 7.86 years

USD | NAV as of Jul 11, 2026 | 1-Day Return as of Jul 11, 2026, 12:11 AM GMT+0

Morningstar’s Analysis TFBIX

Will TFBIX outperform in the 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 TFBIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

T. Rowe Price Maryland Tax-Free Bond I holds a quantitatively derived Gold Morningstar Medalist Rating. The rating reflects that it has scored particularly well on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings TFBIX

More TFBIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MARYLAND ST STAD AUTH REV 5%

1.77 44M
municipal

MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5.5%

1.20 30M
municipal

MARYLAND ST ECONOMIC DEV CORP PRIVATE ACTIVITY REV 5.25%

1.15 29M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329%

1.14 28M
municipal

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

1.07 27M
municipal

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

0.97 24M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75%

0.83 21M
municipal

MONTGOMERY CNTY MD REV 4%

0.83 21M
municipal

WASHINGTON D C MET AREA TRAN AUTH DEDICATED REV 5.25%

0.82 21M
municipal

MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5.25%

0.82 20M
municipal

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