TRMUX Fees and Costs — T. Rowe Price Maryland Short-Term Tax-Free Bond Fund, I Class
Data updated: 2026-07-28
The net expense ratio is 0.43%: a 0.38% management fee plus 0.21% other expenses, less a 0.16% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 23%.
TRMUX Fees and Expenses
Annual operating expenses and sales charges of TRMUX. Prospectus, as of April 24, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | — |
| Other expenses | 0.21% |
| Gross expense ratio | 0.59% |
| Fee waiver | −0.16% |
| Net expense ratio | 0.43% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
TRMUX Costs Over Time
On $10,000 invested in TRMUX, assuming 5% a year before costs, total costs come to $272 over 5 years, cutting the return by 0.45% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.43%) | $45 | $142 | $247 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $45 | $149 | $272 |
| Value after costs | $10,455 | $11,428 | $12,491 |
| Impact on return, per year | 0.45% | 0.45% | 0.45% |
TRMUX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $203.1M
- Portfolio turnover (prospectus): 23%
- Securities lending: none during the year
TRMUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TD Securities Ltd. | $56.1M | 30.69% |
| J.P. MORGAN SECURITIES LLC | $46.3M | 25.32% |
| WELLS FARGO SECURITIES, LLC | $23.5M | 12.87% |
| BARCLAYS CAPITAL INC. | $16.0M | 8.77% |
| MORGAN STANLEY & CO. LLC | $9.8M | 5.36% |
| Truist Securities, Inc. | $8.7M | 4.78% |
| BOFA SECURITIES, INC. | $8.6M | 4.72% |
| RBC Capital Markets, LLC | $8.6M | 4.71% |
| GOLDMAN SACHS & CO. LLC | $3.1M | 1.71% |
| TRADEWEB EUROPE LIMITED | $2.0M | 1.08% |
T. Rowe Price Maryland Short-Term Tax-Free Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TRMUX | I Class | 0.43% | — |
| PRMDX | T. Rowe Price Maryland Short-Term Tax-Free Bond Fund | 0.53% | — |
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.