T. Rowe Price MD Tax-Free Bond (MDXBX) a Zacks Rank #1 (Strong Buy) invests at least 80% of net assets in investment-grade Maryland municipal bonds. The fund's weighted average maturity is expected to exceed 15 years.
The T. Rowe Price MD Tax-Free Bond fund, managed by T. Rowe Price, carries an expense ratio of 0.45%. Moreover, MDXBX requires a minimal initial investment of $2,500.
MDXBX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 0.28%, 3 year 3.75% and 5 year 3.12%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here .
MDXBX’s performance, as of the last filing, when compared to funds in its category was in the top 14% in 1 year, top 22% over the past 3 years, and in the 5% over the past 5 years.
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