Maryland municipal bond funds offer exposure to municipal bonds that is exempt from federal, state and local taxes for Maryland residents.
The T. Rowe Price Maryland Tax-Free Bond Fund (MDXBX) is currently the best option with the lowest expense ratio and most assets under management.
| Ticker | Description | Type | Expense Ratio | Load | Transaction Fee | Assets | Min. Investment | Availability |
|---|---|---|---|---|---|---|---|---|
MDXBX |
T. Rowe Price Maryland Tax-Free Bond Fund |
MF |
0.48% |
None |
$0 |
$2.5B |
$2,500 |
ML, TDA |
BIAMX |
Brown Advisory Maryland Bond Fund |
MF |
0.49% |
None |
$19.95 |
$178M |
$100 |
ML, TDA |
SMDMX |
Fidelity Maryland Municipal Income Fund |
MF |
0.55% |
None |
$223M |
$0 |
TDA |
|
NMMDX |
Nuveen Maryland Municipal Bond Fund (I) |
MF |
0.61% |
None |
$271M |
$100,000 |
||
FMDTX |
Franklin Maryland Tax-Free Income Fund (A1) |
MF |
0.73% |
$425M |
$1,000 |
TDA |
||
ETMDX |
EatonVance Maryland Municipal Income Fund (A) |
MF |
0.73% |
$76M |
$1,000 |
ML, TDA |
||
NMDAX |
Nuveen Maryland Municipal Bond Fund (A) |
MF |
0.81% |
Yes |
$271M |
$3,000 |
ML, TDA |
|
FQMDX |
Franklin Maryland Tax-Free Income Fund (A) |
MF |
0.88% |
Yes |
$425M |
$1,000 |
TDA |
|
FMDIX |
Franklin Maryland Tax-Free Income Fund (C) |
MF |
1.28% |
Yes |
$0 |
$425M |
$1,000 |
ML, TDA |
NACCX |
Nuveen Maryland Municipal Bond Fund (C) |
MF |
1.61% |
$271M |
$3,000 |
TDA |
||
BZM |
BlackRock Maryland Municipal Bond Trust |
ETF |
3.11% |
N/A |
$32.10M |
$0 |
TDA |
Updated 12/22/2020