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Nasdaq - Delayed Quote USD

T. Rowe Price MD Short-Term Tax-Free (PRMDX)

5.08
-0.01
(-0.20%)
As of 8:09:23 AM EDT. Market Open.

Fund Summary

The fund invests so that, under normal market conditions, at least 80% of its net assets (including any borrowings for investment purposes) are invested in bonds that pay interest exempt from federal and Maryland state and local income taxes, and at least 80% of the fund's income is expected to be exempt from federal and Maryland state and local income taxes. It is non-diversified.

T. Rowe Price MD Short-Term Tax-Free

Baltimore MD 21202
100 East Pratt Street

Fund Overview

Category Muni Single State Short
Fund Family T. Rowe Price
Net Assets 165.17M
YTD Return 0.81%
Yield 2.43%
Morningstar Rating
Inception Date Jan 29, 1993

Fund Operations

Last Dividend 0.03
Last Cap Gain -2.00
Holdings Turnover 45.80%
Average for Category --

Fees & Expenses

Expense PRMDX Category Average
Annual Report Expense Ratio (net) 0.53% 0.74%
Prospectus Net Expense Ratio 0.53% --
Prospectus Gross Expense Ratio 0.75% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 2.72%
Max Deferred Sales Load -- 0.89%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Charles B. Hill, Lead Manager since December 31, 1996
Mr. Hill, who joined T. Rowe Price in 1991, is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price Associates, Inc., and is a portfolio manager in the Fixed Income Division. He manages short- and intermediate- term municipal bond funds along with separately managed tax-exempt accounts, and best after-tax fixed-income accounts investing in both tax-exempt and taxable fixed-income securities. He earned a B.S. from Guilford College and also has earned his Chartered Financial Analyst designation.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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