• FirefoxTry Yahoo Finance on Firefox »
  •  Dow Up2.00% Nasdaq Up1.66%

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

    5.25 0.00(0.00%) Feb 12

    Profile as of Jan 30, 2016Get Profile for:
    T. Rowe Price MD Short-Term Tax-Free
    T. Rowe Price State Tax-free Inc Trust100 East Pratt StreetBaltimore MD 21202
    Phone: 800-638-5660
    Fund Overview 
    Category:Muni Single State Short
    Fund Family:T. Rowe Price
    Net Assets:206.60M
    Year-to-Date Return:0.43%
    Morningstar Rating:2 stars
    Fund Inception Date:Jan 29, 1993
    Morningstar Style Box 
    Muni Single State Short
    [View Category Definition]
    View Top Muni Single State Short Funds
    About the Morningstar Style Box
    Management Information 
    Charles B. Hill
    Lead Manager since Dec 31, 1996
    Hill is a chairman and portfolio manager with T. Rowe Price Associates, his employer since 1991. Prior to joining the firm, he was a portfolio manager with Riggs Investment Management from 1986 to 1991. Previously, he was an accountant with Johnston, Lemon & Co.
    Investment Information 
    Min Initial Investment:2,500
    Min Initial Investment, IRA:1,000
    Min Initial Investment, AIP:2,500
    Min Subsequent Investment:100
    Min Subsequent Investment, IRA:100
    Min Subsequent Investment, AIP:100
    PRMDX can be purchased from 85 brokerages.

    Fund 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. The fund is non-diversified.

    Fund Operations 
    Last Dividend (Jan 28, 2016) : 0.00
    Last Cap Gain : 0.00
    Annual Holdings Turnover (Feb 10, 2016) : 19.10%
    Average for Category:21.96%
    Fees & Expenses 
    ExpensePRMDXCategory Avg
    Annual Report Expense Ratio (net):0.53%0.86%
    Prospectus Net Expense Ratio:0.53%N/A
    Prospectus Gross Expense Ratio:0.53%N/A
    Max 12b1 Fee:0.00%N/A
    Max Front End Sales Load:N/A2.32%
    Max Deferred Sales Load: N/A1.86%
    3 Yr Expense Projection*:170341
    5 Yr Expense Projection*:296541
    10 Yr Expense Projection*:6651,094
    * Per $10,000 invested