Should You Buy T. Rowe Price MD Tax-Free Bond Fund (MDXBX)? - Best of Funds

T. Rowe Price MD Tax-Free Bond (MDXBX) a Zacks Ranked #2 (Buy) was incepted in March 1987 and is managed by the T.Rowe Price Associates. The objective of MDXBX is to provide, consistent with prudent portfolio management, the highest level of income exempt from federal and Maryland state and local income taxes by investing primarily in investment-grade Maryland municipal bonds. MDXBX invests a lion’s share of net assets in investment-grade Maryland municipal bonds. MDXBX's weighted average maturity is expected to exceed 15 years.

The T. Rowe Price MD Tax-Free Bond, 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 3.54%, 3 year 3.30%, and 5 year 4.62%. To see how this fund performed compared in its category, please click here.

MDXBX’s performance, as of the last filing, when compared to funds in its category was in the top 19% in 1 year, top 7% over the past 3 years, and in the 8% over the past 5 years.

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