- What does MDXBX invest in?
- This fund endeavors to generate the highest possible income that is exempt from federal, Maryland state, and local income taxes, all while adhering to sound portfolio management principles. It primarily achieves this objective by investing in high-quality municipal bonds issued within Maryland. Under normal market circumstances, the fund is committed to ensuring that a minimum of 80% of its net assets (including any funds borrowed for investment) are allocated to bonds that offer interest free from federal, Maryland state, and local income taxes. Similarly, at least 80% of the income produced by the fund is expected to be exempt from these same federal, state, and local taxes. This portfolio is considered non-diversified.
- What is the expense ratio of MDXBX?
- T. Rowe Price Maryland Tax-Free Bond Fund (MDXBX) charges an expense ratio of 0.49%. This is the annual fee deducted from fund assets to cover management and operations.
- What is MDXBX's dividend yield?
- MDXBX's trailing-twelve-month yield is 3.62%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of MDXBX?
- Effective duration measures MDXBX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. MDXBX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of MDXBX?
- MDXBX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of MDXBX?
- Yield to maturity (YTM) is the total return you'd earn from MDXBX if every bond in the portfolio is held to maturity at the current price. MDXBX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
