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T. Rowe Price MD Short-Term Tax-Free (PRMDX)On Nov 17: 5.18   0.00 (0.00%)  
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Profile  As of 31-Oct-08Get Profile for:
T. Rowe Price MD Short-Term Tax-Free
100 East Pratt Street Baltimore MD 21202
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Phone: 800-638-5660
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FUND OVERVIEW 
Category:Muni Single State Short
Fund Family:T. Rowe Price
Net Assets:169.53M
Year-to-Date Return:2.29%
Yield:3.01%
Morningstar Rating:3 stars
Fund Inception Date:29-Jan-93
MORNINGSTAR STYLE BOX 
Muni Single State Short
[View Category Definition]
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About the Morningstar Style Box
MANAGEMENT INFORMATION 
Charles B. Hill
Lead Manager since 31-Jan-95
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:$0
Min Subsequent Investment:$100
Min Subsequent Investment, IRA:$50
Min Subsequent Investment, AIP:$50
PRMDX can be purchased from 53 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 normally invests at least 80% of assets 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 exempt from federal and Maryland state and local income taxes. Its weighted average maturity does not exceed three years, but there is no maturity limit on individual securities. It is nondiversified.
FUND OPERATIONS 
Last Dividend (31-Oct-08): 0.01
Last Cap Gain N/A
Annual Holdings Turnover 29.00%
Average for Category: 22.37%
FEES & EXPENSES 
ExpensePRMDXCategory
Avg
Total Expense Ratio:0.59% 1.07%
Max 12b1 Fee:0.00% N/A
Max Front End Sales Load:0.00% 4.45%
Max Deferred Sales Load:0.00% 3.20%
3 Yr Expense Projection*: $189$605
5 Yr Expense Projection*: $329$912
10 Yr Expense Projection*: $738$1,809
* Per $10,000 invested


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