MDXBX

About MDXBX

T. Rowe Price Maryland Tax-Free Bond Fund is a municipal bond mutual fund designed to provide investors with a high level of income exempt from federal, Maryland state, and local income taxes. The fund invests at least 80% of its net assets in investment-grade municipal bonds issued within Maryland, with a primary focus on long-term securities to target higher yields. This particular emphasis makes it especially relevant to Maryland residents seeking tax-advantaged income solutions. The fund has a substantial asset base, exceeding $2.2 billion, and typically holds a diversified portfolio of nearly 600 municipal bond holdings spread across various sectors such as transportation, housing, and local government projects. With a competitive expense ratio and a reputation for prudent portfolio management, it has garnered recognition for its disciplined approach and cost-efficiency. The T. Rowe Price Maryland Tax-Free Bond Fund plays a significant role in the broader municipal bond market by channeling capital into essential infrastructure and community development within Maryland while offering investors a means of pursuing tax-exempt income.