T. Rowe Price Maryland Short-Term Tax-Free Bond Fund I Class (TRMUX)
| Fund Assets | 170.83M |
| Expense Ratio | 0.43% |
| Min. Investment | $500,000 |
| Turnover | 41.00% |
| Dividend (ttm) | 0.13 |
| Dividend Yield | 2.58% |
| Dividend Growth | 14.42% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 5.18 |
| YTD Return | 1.61% |
| 1-Year Return | 2.31% |
| 5-Year Return | 5.56% |
| 52-Week Low | 5.07 |
| 52-Week High | 5.18 |
| Beta (5Y) | n/a |
| Holdings | 166 |
| Inception Date | Jul 6, 2017 |
About TRMUX
T. Rowe Price Maryland Short-Term Tax-Free Bond Fund is a municipal bond mutual fund designed to provide investors with income exempt from both federal and Maryland state and local income taxes. Its primary function is to invest at least 80% of its net assets in high-quality, investment-grade municipal bonds issued by the state of Maryland and its local government entities. The fund targets a short-term profile, maintaining a weighted average maturity typically between one and three years, which helps to limit interest rate risk and contribute to modest fluctuations in principal value. Key sectors impacted include public infrastructure, transportation, housing, and various local government projects across Maryland, as reflected in the fund's diversified municipal holdings. The fund pays monthly dividends, appealing to investors seeking regular tax-advantaged income, and operates with a below-average risk profile compared to peers in its category. T. Rowe Price Maryland Short-Term Tax-Free Bond Fund plays a significant role for Maryland-based investors or those with Maryland tax exposure seeking preservation of capital and stable tax-exempt cash flow through municipal fixed income.
Performance
TRMUX had a total return of 2.31% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.22%.
Top 10 Holdings
18.69% of assets| Name | Symbol | Weight |
|---|---|---|
| MARYLAND ST DEPT TRANSN CONS TRANSN 5% | MD.MDSTRN 5 09.01.2029 | 2.64% |
| PUERTO RICO COMWLTH 5.625% | PR.PRC 5.62 07.01.2027 | 2.20% |
| MARYLAND ST 5% | MD.MDS 5 03.15.2027 | 1.90% |
| MARYLAND ST 5% | MD.MDS 5 08.01.2029 | 1.89% |
| MARYLAND ST DEPT TRANSN CONS TRANSN 5% | MD.MDSTRN 5 09.01.2028 | 1.83% |
| PRINCE GEORGES CNTY MD 5% | MD.PRI 5 07.15.2027 | 1.82% |
| MARYLAND ST DEPT TRANSN CONS TRANSN 5% | MD.MDSTRN 5 10.01.2027 | 1.74% |
| MARYLAND ST STAD AUTH REV 5% | MD.MDSFAC 5 05.01.2046 | 1.62% |
| MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5% | MD.MDSMED 07.01.2045 | 1.61% |
| HOWARD CNTY MD 5% | MD.HOW 5 08.15.2026 | 1.44% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.0116 | Jul 31, 2025 |
| Jun 30, 2025 | $0.01087 | Jun 30, 2025 |
| May 30, 2025 | $0.01204 | May 30, 2025 |
| Apr 30, 2025 | $0.01117 | Apr 30, 2025 |
| Mar 31, 2025 | $0.01077 | Mar 31, 2025 |
| Feb 28, 2025 | $0.01035 | Feb 28, 2025 |