T. Rowe Price Maryland Tax-Free Bond Fund (MDXBX)
| Fund Assets | 2.51B |
| Expense Ratio | 0.49% |
| Min. Investment | $500,000 |
| Turnover | 17.30% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 3.53% |
| Dividend Growth | 5.34% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2026 |
| Previous Close | 9.97 |
| YTD Return | -0.63% |
| 1-Year Return | 4.21% |
| 5-Year Return | 3.42% |
| 52-Week Low | 9.55 |
| 52-Week High | 10.24 |
| Beta (5Y) | 0.30 |
| Holdings | 656 |
| Inception Date | Mar 31, 1987 |
About MDXBX
T. Rowe Price Maryland Tax-Free Bond Fund is a municipal bond mutual fund designed to provide investors with a high level of income exempt from federal, Maryland state, and local income taxes. The fund invests at least 80% of its net assets in investment-grade municipal bonds issued within Maryland, with a primary focus on long-term securities to target higher yields. This particular emphasis makes it especially relevant to Maryland residents seeking tax-advantaged income solutions. The fund has a substantial asset base, exceeding $2.2 billion, and typically holds a diversified portfolio of nearly 600 municipal bond holdings spread across various sectors such as transportation, housing, and local government projects. With a competitive expense ratio and a reputation for prudent portfolio management, it has garnered recognition for its disciplined approach and cost-efficiency. The T. Rowe Price Maryland Tax-Free Bond Fund plays a significant role in the broader municipal bond market by channeling capital into essential infrastructure and community development within Maryland while offering investors a means of pursuing tax-exempt income.
Performance
MDXBX had a total return of 4.21% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.11%.
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% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 27, 2026 | $0.02775 | Feb 27, 2026 |
| Jan 30, 2026 | $0.03039 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0315 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02714 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03165 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02775 | Sep 30, 2025 |