TMMDX: American Funds Tax Exempt Maryland Fund - MutualFunds.com
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Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Vitals

YTD Return

N/A

1 yr return

3.9%

3 Yr Avg Return

2.5%

5 Yr Avg Return

4.0%

Net Assets

$309 M

Holdings in Top 10

12.1%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.69%

SALES FEES

Front Load 3.75%

Deferred Load N/A

TRADING FEES

Turnover 27.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Muni Single State Interm


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

TMMDX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return 1.2%
  • 5 Yr Annualized Total Return 3.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.23%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    American Funds Tax Exempt Maryland Fund
  • Fund Family Name
    American Funds
  • Inception Date
    Aug 14, 1986
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Chad M. Rach

Fund Description

Under normal circumstances, the fund will invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from both regular federal and Maryland income taxes and that do not subject the investors to federal alternative minimum tax. It may also invest up to 20% of its assets in securities that may subject the investors to federal alternative minimum tax. The fund will invest primarily in debt securities rated BBB- or better or Baa3 or better.


TMMDX - Performance

Return Ranking - Trailing

Period TMMDX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -2.8% 8.1% N/A
1 Yr 3.9% -4.5% 7.5% N/A
3 Yr 2.5%* -2.2% 2.6% N/A
5 Yr 4.0%* -1.1% 2.3% N/A
10 Yr 3.6%* -1.1% 3.6% N/A

* Annualized

Return Ranking - Calendar

Period TMMDX Return Category Return Low Category Return High Rank in Category (%)
2020 N/A -7.2% 11.0% N/A
2019 N/A -10.1% 6.8% N/A
2018 N/A -4.9% 0.0% N/A
2017 N/A -5.6% 1.8% N/A
2016 N/A -34.8% 15.6% N/A

Total Return Ranking - Trailing

Period TMMDX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -2.8% 8.1% N/A
1 Yr 0.0% -4.5% 7.5% N/A
3 Yr 1.2%* -2.2% 2.6% N/A
5 Yr 3.2%* -1.1% 4.3% N/A
10 Yr 3.2%* -1.1% 5.6% N/A

* Annualized

Total Return Ranking - Calendar

Period TMMDX Return Category Return Low Category Return High Rank in Category (%)
2020 N/A -7.2% 11.0% N/A
2019 N/A -10.1% 6.9% N/A
2018 N/A -4.9% 1.0% N/A
2017 N/A -5.6% 4.0% N/A
2016 N/A -34.8% 16.3% N/A

TMMDX - Holdings

Concentration Analysis

TMMDX Category Low Category High TMMDX % Rank
Net Assets 309 M 6.42 M 20.6 B N/A
Number of Holdings 200 31 4231 N/A
Net Assets in Top 10 38.1 M 261 K 2.92 B N/A
Weighting of Top 10 12.07% 2.5% 57.1% N/A

Top 10 Holdings

  1. Prince Georges Cnty Md Spl Obl Spec 5.2% 1.75%
  2. Maryland St Transn Auth 5% 1.38%
  3. Hyattsville Md Spl Obl Spl Oblig 5.75% 1.16%
  4. Maryland St Health & Higher Ed Rev 4.75% 1.16%
  5. Maryland St Cmnty Dev Admin De Resi 3.5% 1.13%
  6. Prince Georges Cnty Md Spl Tax Spe 5.25% 1.11%
  7. Montgomery Cnty Md Rev Rev Bds 5% 1.11%
  8. Washington Subn San Dist 3% 1.10%
  9. Maryland St Transn Auth 5% 1.08%
  10. Maryland St Go Bds 5% 1.08%

Asset Allocation

Weighting Return Low Return High TMMDX % Rank
Bonds
94.60% -0.60% 102.82% N/A
Cash
5.40% -2.82% 92.17% N/A
Stocks
0.00% 0.00% 0.24% N/A
Preferred Stocks
0.00% 0.00% 0.00% N/A
Other
0.00% -2.39% 8.43% N/A
Convertible Bonds
0.00% 0.00% 0.00% N/A

Bond Sector Breakdown

Weighting Return Low Return High TMMDX % Rank
Municipal
94.60% 0.00% 103.29% N/A
Cash & Equivalents
5.40% -2.82% 92.17% N/A
Derivative
0.00% -0.20% 0.00% N/A
Securitized
0.00% 0.00% 0.00% N/A
Corporate
0.00% 0.00% 4.72% N/A
Government
0.00% -12.23% 5.93% N/A

Bond Geographic Breakdown

Weighting Return Low Return High TMMDX % Rank
US
94.60% -0.60% 102.38% N/A
Non US
0.00% 0.00% 22.38% N/A

TMMDX - Expenses

Operational Fees

TMMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.69% 0.09% 2.11% N/A
Management Fee 0.34% 0.08% 1.30% N/A
12b-1 Fee 0.25% 0.00% 1.00% N/A
Administrative Fee 0.01% 0.00% 0.33% N/A

Sales Fees

TMMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 1.00% 5.75% N/A
Deferred Load N/A 0.50% 5.00% N/A

Trading Fees

TMMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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.

TMMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 27.00% 3.00% 293.00% N/A

TMMDX - Distributions

Dividend Yield Analysis

TMMDX Category Low Category High TMMDX % Rank
Dividend Yield 0.00% 0.00% 3.02% N/A

Dividend Distribution Analysis

TMMDX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

TMMDX Category Low Category High TMMDX % Rank
Net Income Ratio 3.23% -0.21% 4.62% N/A

Capital Gain Distribution Analysis

TMMDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

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TMMDX - Fund Manager Analysis

Managers

Chad M. Rach


Start Date

Tenure

Tenure Rank

Jun 01, 2012

4.0

4.0%

Primary title with Capital Research and Management Company, Senior Vice President and Capital Fixed Income Investors. Rach is a portfolio manager with Strong, where he started in March 2000 as a fixed income analyst. Prior to this, he was assistant vice president with both Robert W. Baird & Co. and Miller & Schroeder Financial. He also worked as Director of Community Development for the city of Glendale, WI.

Brenda S. Ellerin


Start Date

Tenure

Tenure Rank

Oct 01, 1999

16.68

16.7%

Ellerin is a vice president and portfolio manager with Capital Research Company, her employer since 1991.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 39.77 9.01 1.5