Morningstar

T. Rowe Price Maryland Municipal Bond Fund I Class TFBIX

Morningstar Medalist Rating
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Medalist Rating as of See T. Rowe Price Investment Hub
  • NAV / 1-Day Return$9.81  /  −0.51%
  • Fund Size$2.5B
  • Adjusted Expense Ratio0.420%
  • Net Expense Ratio0.420%
  • Fee Level: DistributionLow
  • Share Class TypeInstitutional
  • Morningstar CategoryMuni Single State Long
  • Fixed-Income Style Box (Funds)—
  • Minimum Initial Investment$500,000
  • Investment StatusOpen
  • TTM Yield3.82%
  • Average Effective Duration8.01 yrs
NAV and 1-Day Return as of

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 Municipal 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 Holdings10.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MARYLAND ST STAD AUTH REV 5%

1.6940M
municipal

MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5.5%

1.3232M
municipal

Cash Offsets For Shorts & Derivatives

1.2430M
Cash and Equivalents

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329%

1.1828M
municipal

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

1.1127M
municipal

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

0.9824M
municipal

MARYLAND ST ECONOMIC DEV CORP PRIVATE ACTIVITY REV 5.25%

0.9322M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75%

0.9122M
municipal

MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5.25%

0.8520M
municipal

MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5.25%

0.8320M
municipal

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