Maryland Municipal Bond
Fund Resources
- Fact Sheet (PDF | 1 MB)
- Commentary (PDF | 144 KB)
- Prospectus - A, C & I Shares(PDF | 817 KB)
- Annual Report (PDF | 2 MB)
- Semi-annual Report (PDF | 1 MB)
- SAI (PDF | 2 MB)
| Class | CUSIP | Ticker |
|---|---|---|
| A | 76628T736 | SMMAX |
| C | 76628T728 | CMDBX |
| I | 76628T744 | CMDTX |
Subadvisor
Objective
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.
Investment Risks
This Fund has some share-price volatility and, correspondingly, has more risk tied to it than more conservative investments.
Investing in regional funds may involve additional risk since investments are concentrated in one geographic area. Bond Funds will tend to experience smaller fluctuations in value than stock funds. However, investors in any bond fund should anticipate fluctuations in price, especially for longer-term issues and in environments of rising interest rates.