- What does PRMDX invest in?
- Under typical market conditions, this fund commits at least 80% of its total assets, including any leveraged capital, to municipal bonds whose interest earnings are exempt from federal, Maryland state, and local income taxes. Similarly, it is projected that a minimum of 80% of the fund's generated revenue will also be free from these federal and Maryland tax obligations. The portfolio employs a concentrated, rather than broadly diversified, investment approach.
- What is the expense ratio of PRMDX?
- T. Rowe Price Maryland Short-Term Municipal Bond Fund (PRMDX) charges an expense ratio of 0.53%. This is the annual fee deducted from fund assets to cover management and operations.
- What is PRMDX's dividend yield?
- PRMDX's trailing-twelve-month yield is 2.54%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of PRMDX?
- Effective duration measures PRMDX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PRMDX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of PRMDX?
- PRMDX'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 PRMDX?
- Yield to maturity (YTM) is the total return you'd earn from PRMDX if every bond in the portfolio is held to maturity at the current price. PRMDX'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.
