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Name

As of 01/30/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

1919 Maryland Tax-Free Income Fund

LMMDX | Fund

$14.88

$61.3 M

0.00%

1.10%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$61.3 M

Holdings in Top 10

39.5%

52 WEEK LOW AND HIGH

$14.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.10%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 01/30/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

1919 Maryland Tax-Free Income Fund

LMMDX | Fund

$14.88

$61.3 M

0.00%

1.10%

LMMDX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    1919 Maryland Tax-Free Income Fund
  • Fund Family Name
    N/A
  • Inception Date
    Jan 03, 1994
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

The Maryland Fund invests primarily in debt instruments issued by or on behalf of the State of Maryland, its political subdivisions, municipalities, agencies, instrumentalities or public authorities, the interest on which, in the opinion of counsel to the issuers of those instruments, is exempt from federal and Maryland state and local income taxes. Securities considered for investment must be investment grade (that is securities rated in the Baa/BBB categories or above, or if unrated, determined to be of comparable credit quality by the Adviser). The Maryland Fund may invest 25% or more of its total assets in a particular segment of the municipal securities market, such as hospital revenue bonds, housing agency bonds, private activity bonds or airport bonds, or in securities the interest on which is paid from revenues of a similar type of project. Under normal circumstances, the Maryland Fund will invest at least 80% of its net assets in municipal obligations, the interest of which is exempt from Maryland state and local taxes and is not considered an item of tax preference for the purpose of the federal alternative minimum tax (“AMT”).
The Maryland Fund may invest in securities of any maturity. The portfolio managers anticipate that the dollar‑weighted average maturity for the Maryland Fund will be in the long-intermediate-term to long-term range (generally from 7 to 20 years) although, at times, depending on the portfolio managers’ market outlook, the average maturity may be somewhat longer or shorter than this. The tax consequences of trading activity are always considered.
The portfolio managers analyze each sector and issuer under consideration for the portfolio to determine its credit fundamentals and outlook. Issuers are scrutinized not only for their ability to make timely interest and principal payments, but for the stability of their financial position and ratings.
Securities may be sold because their credit fundamentals have changed or in order to buy a security that the portfolio managers believe will produce greater risk-adjusted returns.
The Maryland Fund is classified as “non-diversified” under the Investment Company Act of 1940 (the “1940 Act”), which means it may invest a larger percentage of its assets in a smaller number of issuers than a diversified fund. However, the Maryland Fund intends to satisfy the asset diversification requirements for qualification as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The Maryland Fund may also use other strategies and invest in other securities that are described, along with their risks, in the SAI. However, the Maryland Fund might not make use of all of the strategies and techniques or invest in all of the types of securities described in this Prospectus or in the SAI.
Read More

LMMDX - Performance

Return Ranking - Trailing

Period LMMDX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period LMMDX Return Category Return Low Category Return High Rank in Category (%)
2023 2.8% N/A N/A N/A
2022 -7.7% N/A N/A N/A
2021 -0.8% N/A N/A N/A
2020 1.4% N/A N/A N/A
2019 2.2% N/A N/A N/A

Total Return Ranking - Trailing

Period LMMDX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period LMMDX Return Category Return Low Category Return High Rank in Category (%)
2023 5.9% N/A N/A N/A
2022 -6.0% N/A N/A N/A
2021 0.8% N/A N/A N/A
2020 3.7% N/A N/A N/A
2019 2.2% N/A N/A N/A

NAV & Total Return History

LMMDX - Holdings

Concentration Analysis

LMMDX Category Low Category High LMMDX % Rank
Net Assets 61.3 M N/A N/A N/A
Number of Holdings 55 N/A N/A N/A
Net Assets in Top 10 24.2 M N/A N/A N/A
Weighting of Top 10 39.50% N/A N/A N/A

Top 10 Holdings

  1. Maryland Health Higher Educational Facilities Authority 4.99%
  2. State of Maryland Department of Transportation 4.98%
  3. Maryland Health Higher Educational Facilities Authority 4.08%
  4. Montgomery County Housing Opportunities Commission 4.08%
  5. Maryland Health Higher Educational Facilities Authority 4.07%
  6. County of Prince George's MD 3.71%
  7. Maryland Community Development Administration 3.54%
  8. County of Montgomery MD 3.49%
  9. Maryland Stadium Authority 3.31%
  10. Maryland Health Higher Educational Facilities Authority 3.24%

Asset Allocation

Weighting Return Low Return High LMMDX % Rank
Bonds 		99.19% N/A N/A N/A
Cash 		0.81% N/A N/A N/A
Stocks 		0.00% N/A N/A N/A
Preferred Stocks 		0.00% N/A N/A N/A
Other 		0.00% N/A N/A N/A
Convertible Bonds 		0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High LMMDX % Rank
Derivative 		0.00% N/A N/A N/A
Cash & Equivalents 		0.00% N/A N/A N/A
Securitized 		0.00% N/A N/A N/A
Corporate 		0.00% N/A N/A N/A
Municipal 		0.00% N/A N/A N/A
Government 		0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High LMMDX % Rank
US 		99.19% N/A N/A N/A
Non US 		0.00% N/A N/A N/A

LMMDX - Expenses

Operational Fees

LMMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.10% N/A N/A N/A
Management Fee 0.55% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

LMMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

LMMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

LMMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

LMMDX - Distributions

Dividend Yield Analysis

LMMDX Category Low Category High LMMDX % Rank
Dividend Yield 0.00% N/A N/A N/A

Dividend Distribution Analysis

LMMDX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly

Net Income Ratio Analysis

LMMDX Category Low Category High LMMDX % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

LMMDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

LMMDX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A

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