T Rowe Price Maryland Tax-Free Bond Fund I (TFBIX)
10.16
-0.01
(-0.10%)
USD |
Feb 11 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.41% | 2.473B | -- | 17.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 45.85M | 4.37% |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide the highest level of income exempt from federal and Maryland State and local income taxes by investing primarily in investment grade Maryland municipal bonds. The Fund's dollar-weighted average maturity will usually exceed 15 years. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | Maryland Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Maryland Municipal Debt Funds |
| Fund Owner Firm Name | T. Rowe Price |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
8
-1.622M
Peer Group Low
26.45M
Peer Group High
1 Year
% Rank:
8
45.85M
-34.77M
Peer Group Low
45.85M
Peer Group High
3 Months
% Rank:
8
-10.85M
Peer Group Low
48.16M
Peer Group High
3 Years
% Rank:
8
-33.40M
Peer Group Low
16.31M
Peer Group High
6 Months
% Rank:
8
-17.94M
Peer Group Low
49.89M
Peer Group High
5 Years
% Rank:
98
-211.76M
Peer Group Low
40.54M
Peer Group High
YTD
% Rank:
10
-1.622M
Peer Group Low
26.45M
Peer Group High
10 Years
% Rank:
45
-238.66M
Peer Group Low
63.20M
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of February 12, 2026.
Asset Allocation
As of December 31, 2025.
| Type | % Net |
|---|---|
| Cash | 0.00% |
| Stock | 0.00% |
| Bond | 99.30% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.70% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| MARYLAND ST STAD AUTH REV MD 5.000 05/01/2050 | 1.86% | -- | -- |
| MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV MD 5.500 01/01/2046 | 1.25% | 100.93 | -0.00% |
| MARYLAND ST ECONOMIC DEV CORP PRIVATE ACTIVITY REV MD 5.250 06/30/2055 | 1.24% | 99.59 | 0.00% |
| MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV MD 3.000 09/01/2051 | 1.24% | -- | -- |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV PR 4.329 07/01/2040 | 1.02% | 99.79 | 0.00% |
| MONTGOMERY CNTY MD HSG OPPTYS COMMN MULTIFAMILY HSG DEV REV MD 2.850 01/01/2051 | 1.00% | -- | -- |
| MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV MD 2.350 07/01/2041 | 0.87% | 100.00 | 0.00% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV PR 4.750 07/01/2053 | 0.86% | 95.98 | 0.00% |
| WASHINGTON D C MET AREA TRAN AUTH DEDICATED REV DC 5.250 07/15/2053 | 0.85% | 104.48 | -0.00% |
| MONTGOMERY CNTY MD REV MD 4.000 12/01/2044 | 0.85% | 94.29 | 0.00% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.38% |
| Administration Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 500000.0 None |
| Minimum Subsequent Investment | 0.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide the highest level of income exempt from federal and Maryland State and local income taxes by investing primarily in investment grade Maryland municipal bonds. The Fund's dollar-weighted average maturity will usually exceed 15 years. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | Maryland Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Maryland Municipal Debt Funds |
| Fund Owner Firm Name | T. Rowe Price |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (2-10-26) | 3.51% |
| 30-Day SEC Yield (12-31-25) | 3.75% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 637 |
| Bond | |
| Yield to Maturity (12-31-25) | 4.15% |
| Effective Duration | -- |
| Average Coupon | 4.62% |
| Calculated Average Quality | 2.594 |
| Effective Maturity | 12.06 |
| Nominal Maturity | 18.57 |
| Number of Bond Holdings | 632 |
As of December 31, 2025
Fund Details
| Key Dates | |
| Inception Date | 7/6/2017 |
| Share Classes | |
| MDXBX | Direct Sold |
| Attributes | |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:TFBIX", "name") |
| Broad Asset Class: =YCI("M:TFBIX", "broad_asset_class") |
| Broad Category: =YCI("M:TFBIX", "broad_category_group") |
| Prospectus Objective: =YCI("M:TFBIX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |