T. Rowe Price Maryland Short-Term Tax-Free Bond Fund

Class No Load (PRMDX)
Scorecard
2 / 5 Stars
Lipper
1 1 5 5 4
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
3 / 5 Stars
TheStreet.com
C (Hold)

#14 in Muni Single State Short

U.S. News evaluated 19 Muni Single State Short Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

See all T. Rowe Price funds

See full Muni Single State Short rankings

See more fund rankings

Performance

The fund has returned 0.10 percent over the past year, 0.82 percent over the past three years, 1.10 percent over the past five years, and 1.84 percent over the past decade.

Trailing Returns Updated 03.31.2014
Year to date -0.0%
1 Year 0.1%
3 Years (Annualized) 0.8%
5 Years (Annualized) 1.1%
10 Years (Annualized) 1.8%

See more PRMDX performance

Summary

The investment seeks to provide the highest level of income exempt from federal and Maryland state and local income taxes consistent with modest fluctuation in principal value. The fund will invest 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 may invest up to 10% of its total assets in noninvestment-grade securities. The fund is non-diversified.

Fees

Fees are Below Average compared to funds in the same category.
T. Rowe Price Maryland Short-Term Tax-Free Bond Fund has an expense ratio of 0.53 percent.

See more PRMDX fees

Risk

Risk is Below Average compared to funds in the same category according to Morningstar.

See more PRMDX risk