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American Funds Tax-Exempt MD A (TMMDX)

16.02 Up 0.01(0.06%) May 3
Prev Close:16.01
YTD Return*:1.34%
Net Assets*:318.17M

* As of 31-Mar-16

Quotes delayed, except where indicated otherwise. Currency in USD.

Top Holdings

Symbol% AssetsYTD Return %
Prince Georges Cnty Md Spl Obl Spec 5.2%1.75N/A
Hyattsville Md Spl Obl Spl Oblig 5.75%1.16N/A
Maryland St Health & Higher Ed Rev 4.75%1.16N/A
Maryland St Cmnty Dev Admin De Resi 3.5%1.13N/A
Montgomery Cnty Md Rev Rev Bds 5%1.11N/A

Fund Basics

Morningstar Overall Rating:
Total Assets:318.17M
Category:Muni Single State Interm
Annual Report Expense Ratio (net):0.69%

Performance & Risk

YTD Return:1.34%
5y Avg Return:4.51%
Rank in Category (ytd):64
% Rank in Category (ytd):29.49%
Beta (3y):0.85
Morningstar Risk Rating:4

Fund Summary

The investment seeks a high level of current income exempt from regular federal and Maryland state income taxes; preservation of capital is the secondary objective. Under normal circumstances, the fund will invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from both regular federal and Maryland income taxes and that do not subject the investors to federal alternative minimum tax. It may also invest up to 20% of its assets in securities that may subject the investors to federal alternative minimum tax. The fund will invest primarily in debt securities rated BBB- or better or Baa3 or better. View More
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