T. Rowe Price Maryland Municipal Bond Fund (MDXBX)

Fund Assets	2.39B
Expense Ratio	0.486%
Min. Investment	$500,000
Turnover	26.10%
Dividend (ttm)	0.36
Dividend Yield	3.78%
Dividend Growth	5.62%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.51
YTD Return	-3.74%
1-Year Return	-2.59%
5-Year Return	-1.78%
52-Week Low	9.37
52-Week High	10.24
Beta (5Y)	0.30
Holdings	667
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.

• Fund Family: T. Rowe Price
• Category: MD Municipal Debt
• Performance Rating: High
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: MDXBX
• Index: Bloomberg Municipal Bond TR

Performance

MDXBX had a total return of -2.59% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.97%.

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
Sep 30, 2026	$0.0308	Sep 30, 2026
Aug 31, 2026	$0.02942	Aug 31, 2026
Jul 31, 2026	$0.03326	Jul 31, 2026
Jun 30, 2026	$0.03025	Jun 30, 2026
May 29, 2026	$0.03077	May 29, 2026
Apr 30, 2026	$0.02971	Apr 30, 2026

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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