LMMDX Performance — 1919 Maryland Tax-Free Income Fund, Class A
Data updated: 2024-03-15
LMMDX returned +5.63% over one year to Dec 2023. Over one year the fund trailed its Long-Term Municipal Bond category average: $100 grew to $106, against $107 for the category. Volatility over the past 12 months was 7.83% a year. In the 12 months to Dec 2023 the fund took in a net $33.6M, and assets reached $59.42M.
LMMDX Growth of $100
What $100 invested in 1919 Maryland Tax-Free Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | LMMDX | Category average |
|---|---|---|
| 1 year (Jan 2023 – Dec 2023) | $106 | $107 |
| 3 years (Jan 2021 – Dec 2023) | $100 | $97 |
| Since data start (Jan 2020 – Dec 2023) | $104 | $102 |
LMMDX Trailing Returns
Total returns to Dec 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +5.63% |
3- and 5-year figures withheld: not verified.
LMMDX Annual Returns
Calendar-year total returns of 1919 Maryland Tax-Free Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 | +5.63% |
| 2022 | −6.06% |
| 2021 | +0.61% |
| 2020 | +3.70% |
LMMDX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | +2.3% | −2.0% | +1.7% | 0.0% | −0.7% | +0.8% | +0.2% | −1.1% | −2.5% | −1.0% | +5.6% | +2.4% |
| 2022 | −1.5% | −0.5% | −1.9% | −1.5% | +0.5% | −1.3% | +1.6% | −1.4% | −2.7% | −0.5% | +3.4% | −0.3% |
| 2021 | +0.3% | −1.2% | +0.3% | +0.6% | +0.4% | +0.1% | +0.5% | −0.3% | −0.5% | −0.1% | +0.5% | 0.0% |
| 2020 | +1.1% | +0.9% | −1.8% | −1.4% | +2.1% | +0.6% | +1.1% | −0.7% | −0.1% | +0.1% | +1.2% | +0.5% |
LMMDX Risk
Risk measures from monthly returns over Jan 2023 – Dec 2023.
- 1-year volatility (annualised): 7.83%
- Best month: +5.56% (Nov 2023)
- Worst month: −2.53% (Sep 2023)
LMMDX Fund Flows
Monthly money in and out of 1919 Maryland Tax-Free Income Fund, from SEC Form N-PORT.
- 12-month net flow: $33.6M
- 12-month gross sales (incl. reinvestments): $12.4M
- Sales ÷ redemptions: -0.59×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Dec 2023 | $1.2M | −$4.7M | $5.9M |
| Nov 2023 | $530K | −$1.2M | $1.8M |
| Oct 2023 | $1.1M | −$2.4M | $3.6M |
| Sep 2023 | $868K | −$2.2M | $3.1M |
| Aug 2023 | $1.5M | −$1.2M | $2.7M |
| Jul 2023 | $437K | −$1.4M | $1.8M |
| Jun 2023 | $456K | −$1.4M | $1.8M |
| May 2023 | $2.5M | −$1.6M | $4.1M |
| Apr 2023 | $583K | −$831K | $1.4M |
| Mar 2023 | $1.2M | −$1.2M | $2.4M |
| Feb 2023 | $682K | −$517K | $1.2M |
| Jan 2023 | $1.4M | −$2.4M | $3.8M |
LMMDX Assets Under Management
Net assets of 1919 Maryland Tax-Free Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2023-12-31 | $59.42M |
| 2023-09-30 | $61.30M |
| 2023-06-30 | $65.86M |
| 2023-03-31 | $66.56M |
| 2022-12-31 | $66.50M |
| 2022-09-30 | $70.55M |
| 2022-06-30 | $76.21M |
| 2022-03-31 | $84.37M |
| 2021-12-31 | $88.39M |
| 2021-09-30 | $90.03M |
| 2021-06-30 | $90.99M |
| 2021-03-31 | $86.53M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.