1919 Maryland Tax-Free Income Fund (LMMDX)
The investment seeks a high level of current income exempt from federal and Maryland state and local income taxes, consistent with prudent investment risk and preservation of capital. The fund will normally 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.
Fund Info
US89832P7548
89832P754
Apr 29, 1991
$1,000
Expense Ratio
LMMDX features an expense ratio of 0.75%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in 1919 Maryland Tax-Free Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
LMMDX
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^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of LMMDX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.56% | -0.56% | |||||||||||
| 2023 | 2.34% | -2.03% | 1.74% | 0.01% | -0.72% | 0.77% | 0.22% | -1.06% | -2.53% | -0.96% | 5.57% | 2.43% | 5.64% |
| 2022 | -1.48% | -0.48% | -1.89% | -1.52% | 0.48% | -1.26% | 1.64% | -1.45% | -2.69% | -0.50% | 3.36% | -0.27% | -6.05% |
| 2021 | 0.28% | -1.24% | 0.27% | 0.64% | 0.39% | 0.13% | 0.56% | -0.28% | -0.54% | -0.09% | 0.48% | 0.04% | 0.62% |
| 2020 | 1.15% | 0.94% | -1.79% | -1.41% | 2.15% | 0.57% | 1.09% | -0.69% | -0.08% | 0.05% | 1.19% | 0.54% | 3.70% |
| 2019 | 0.50% | 0.29% | 1.09% | 0.30% | 0.95% | 0.29% | 0.52% | 1.03% | -0.44% | 0.01% | 0.12% | 0.13% | 4.89% |
| 2018 | -0.52% | -0.16% | 0.20% | -0.26% | 0.59% | 0.05% | 0.16% | 0.11% | -0.42% | -0.35% | 0.89% | 0.76% | 1.05% |
| 2017 | 0.46% | 0.43% | -0.23% | 0.39% | 0.28% | -0.33% | 0.15% | 0.27% | -0.28% | 0.04% | -0.41% | 0.57% | 1.35% |
| 2016 | 0.56% | 0.54% | 0.01% | 0.12% | 0.07% | 1.29% | 0.70% | 0.07% | -0.12% | -0.29% | -1.73% | 0.39% | 1.60% |
| 2015 | 1.11% | -0.32% | 0.07% | -0.36% | 0.02% | -0.42% | 0.19% | 0.13% | 0.80% | 0.32% | 0.18% | 0.19% | 1.90% |
| 2014 | 1.32% | 0.91% | 0.02% | 0.61% | 1.24% | -0.84% | 0.19% | 1.11% | 0.37% | 0.32% | 0.31% | 0.39% | 6.09% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for 1919 Maryland Tax-Free Income Fund (LMMDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
| Period | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.39 | $0.27 | $0.23 | $0.35 | $0.22 | $0.45 | $0.44 | $0.55 | $0.61 | $0.62 |
Dividend yield | 2.63% | 1.83% | 1.43% | 2.22% | 1.42% | 2.92% | 2.82% | 3.46% | 3.75% | 3.74% |
Monthly Dividends
The table displays the monthly dividend distributions for 1919 Maryland Tax-Free Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $14.88 | $0.00 | $14.88 | ||||||||||
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.39 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.27 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2019 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.02 | $0.02 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2016 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.55 |
| 2015 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.61 |
| 2014 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.62 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the 1919 Maryland Tax-Free Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the 1919 Maryland Tax-Free Income Fund was 10.35%, occurring on Oct 17, 2008. Recovery took 80 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -10.35% | Sep 12, 2008 | 26 | Oct 17, 2008 | 80 | Feb 12, 2009 | 106 |
| -9.6% | Aug 5, 2021 | 309 | Oct 25, 2022 | — | — | — |
| -7.64% | Feb 1, 1994 | 210 | Nov 21, 1994 | 68 | Feb 23, 1995 | 278 |
| -7.44% | Mar 10, 2020 | 9 | Mar 20, 2020 | 92 | Jul 31, 2020 | 101 |
| -6.83% | Oct 14, 2010 | 65 | Jan 14, 2011 | 135 | Jul 29, 2011 | 200 |
Volatility
Volatility Chart
The current 1919 Maryland Tax-Free Income Fund volatility is 0.04%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.