Maryland Municipal Bond
| A | I | |
|---|---|---|
| CUSIP | 76628T736 | 76628T744 |
| Ticker | SMMAX | CMDTX |
| Share Class Inception | 4/13/2005 | 3/1/1996 |
| Exp Ratio | 0.79 | 0.66 |
| NAV | 10.91 | 10.91 |
| POP | 11.45 | 10.91 |
| NAV Change | 0.00 | 0.00 |
Performance inception and share class inception for this fund differs as performance inception includes the performance of other classes of the Fund and/or predecessors of the Fund.
Subadvisor
Complementary Fund
Morningstar Ratings as of 7/31/10
I Shares received a 5-star rating for overall performance, 5 stars for 3-year performance among 239 funds, 5 stars for 5-year performance among 232 funds and 5 stars for 10-year performance among 188 funds.
Peer Group Categories
Morningstar: Muni Single State Interm
Lipper: Maryland Municipal Debt Funds
Fund Resources
- Fact Sheet (PDF | 1 MB)
- Commentary (PDF | 1 MB)
- Prospectus (PDF | 698 KB)
- Annual Report (PDF | 2 MB)
- Semi-annual Report (PDF | 926 KB)
- SAI (PDF | 1 MB)
Maryland Municipal Bond Strategy
The Fund seeks to provide high current income exempt from federal and Maryland income tax in a manner consistent with the preservation of capital by investing in municipal bonds of investment-grade quality. There are no limits on the Fund's average weighted maturity or on the remaining maturities of individual securities.
Suitability
The Fund may be appropriate for conservative, income-oriented investors who are Maryland residents, have medium- to long-term time horizons, seek current tax-exempt income and are willing to tolerate a moderate degree of price fluctuation. Income from the Fund may be subject to the Alternative Minimum Tax.
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