T. Rowe Price Maryland Tax-Free Bond Fund (MDXBX)
| Fund Assets | 2.34B |
| Expense Ratio | 0.49% |
| Min. Investment | $2,500 |
| Turnover | n/a |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.41% |
| Dividend Growth | 5.52% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2025 |
| Previous Close | 9.75 |
| YTD Return | -2.54% |
| 1-Year Return | 0.95% |
| 5-Year Return | 5.37% |
| 52-Week Low | 9.55 |
| 52-Week High | 10.29 |
| Beta (5Y) | 0.23 |
| Holdings | 595 |
| Inception Date | Mar 31, 1987 |
About MDXBX
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 will invest so that, under normal market conditions, at least 80% of its net assets (including any borrowings for investment purposes) are invested 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.
Performance
MDXBX had a total return of 0.95% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.06%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| SMDMX | Fidelity | Fidelity Maryland Municipal Income Fund | 0.55% |
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| TFBIX | -i Class | 0.41% |
Top 10 Holdings
12.69% of assets| Name | Symbol | Weight |
|---|---|---|
| MARYLAND ST STAD AUTH REV 5% | MD MDSFAC 5 05.01.2050 | 1.91% |
| BALTIMORE CNTY MD 5% | n/a | 1.53% |
| MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5% | MD MDSMED 5 07.01.2045 | 1.41% |
| MARYLAND ST ECONOMIC DEV CORP PRIVATE ACTIVITY REV 5.25% | MD MDSDEV 5.25 06.30.2055 | 1.29% |
| Cash Offsets For Shorts & Derivatives | n/a | 1.23% |
| MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV 3% | n/a | 1.17% |
| MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5.25% | MD MDSMED 5.25 07.01.2052 | 1.11% |
| MONTGOMERY CNTY MD HSG OPPNTYS COMMN MULTIFAMILY HSG & RECONSTR DEV REV 2.8 | n/a | 1.03% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR PRCGEN 5 07.01.2058 | 1.02% |
| MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5% | MD MDSMED 5 07.01.2040 | 1.00% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2025 | $0.0274 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02597 | Feb 28, 2025 |
| Jan 31, 2025 | $0.02933 | Jan 31, 2025 |
| Dec 31, 2024 | $0.0288 | Dec 31, 2024 |
| Nov 29, 2024 | $0.0283 | Nov 29, 2024 |
| Oct 31, 2024 | $0.02815 | Oct 31, 2024 |