T. Rowe Price Maryland Municipal Bond I (TFBIX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

9.51

0.00 (0.00%)

At close: Oct 14, 2026

Fund Assets	2.39B
Expense Ratio	0.417%
Min. Investment	$500,000
Turnover	26.10%
Dividend (ttm)	0.37
Dividend Yield	3.88%
Dividend Growth	5.25%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.51
YTD Return	-3.71%
1-Year Return	-2.54%
5-Year Return	-0.95%
52-Week Low	9.37
52-Week High	10.24
Beta (5Y)	0.03
Holdings	667
Inception Date	Jul 6, 2017

About TFBIX

T. Rowe Price Maryland Tax‑Free Bond Fund I Class is an open‑end municipal bond mutual fund designed to generate income that is generally exempt from federal and Maryland state and local income taxes. The fund normally invests at least 80% of net assets in investment‑grade Maryland municipal bonds, with a focus on longer‑term securities to enhance tax‑exempt income potential. It targets sectors tied to the state’s public finance ecosystem—such as transportation, housing, health and higher education, and local government issuers—reflecting the revenue base of Maryland’s economy. The portfolio’s interest‑rate profile is positioned in the intermediate‑to‑long range, as indicated by its effective/moderate duration and weighted average maturity metrics, aligning it with the muni single‑state long category. Managed by T. Rowe Price, the I Class emphasizes cost efficiency for institutional or large investors through a lower expense structure relative to other share classes. The fund serves investors seeking state‑specific tax efficiency and municipal market exposure, while concentrating credit and economic risk in Maryland’s municipal market under a disciplined, research‑driven process.

Fund Family T. Rowe Price

Category MD Municipal Debt

Performance Rating High

Risk Rating Below Average

Stock Exchange Nasdaq

Ticker Symbol TFBIX

Share Class -i Class

Index Bloomberg Municipal Bond TR

Performance

TFBIX had a total return of -2.54% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.58%.

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03126	Sep 30, 2026
Aug 31, 2026	$0.02989	Aug 31, 2026
Jul 31, 2026	$0.0338	Jul 31, 2026
Jun 30, 2026	$0.03074	Jun 30, 2026
May 29, 2026	$0.03128	May 29, 2026
Apr 30, 2026	$0.03002	Apr 30, 2026

Full Dividend History