Morningstar

T. Rowe Price Maryland Short-Term Tax-Free Bond Fund I Class TRMUX

Morningstar Medalist Rating
Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 5.16  /  0.00
  • Total Assets 179.9M
  • Adj. Expense Ratio
    0.430%
  • Expense Ratio 0.430%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Muni Single State Short
  • Credit Quality / Interest Rate Sensitivity High/Limited
  • Min. Initial Investment 500,000
  • Status Open
  • TTM Yield 2.65%
  • Effective Duration 1.60 years

USD | NAV as of Jun 09, 2026 | 1-Day Return as of Jun 09, 2026, 12:11 AM GMT+0

Morningstar’s Analysis TRMUX

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

  • People Pillar

    The People Pillar is our evaluation of the TRMUX 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 TRMUX’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 S-T Tax-Fr I holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings TRMUX

More TRMUX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MARYLAND ST DEPT TRANSN CONS TRANSN 5%

2.37 4M
municipal

BALTIMORE CNTY MD 5%

2.32 4M
municipal

PUERTO RICO COMWLTH 5.625%

1.95 4M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%

1.74 3M
municipal

MARYLAND ST 5%

1.70 3M
municipal

MARYLAND ST DEPT TRANSN CONS TRANSN 5%

1.69 3M
municipal

MARYLAND ST 5%

1.67 3M
municipal

MARYLAND ST DEPT TRANSN CONS TRANSN 5%

1.57 3M
municipal

PUERTO RICO COMWLTH 5.625%

1.50 3M
municipal

MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5%

1.48 3M
municipal

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