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American Funds Tax-Exempt MD A (TMMDX) Fund Ranking and Research

Ranking, Research and Recommendation of American Funds Tax-Exempt MD A (TMMDX) Fund

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Graph of American Funds Tax-Exempt MD A Fund (TMMDX) ManagerFund Manager - Brenda S. Ellerin

Fund Manager Information

Fund Manager Tenure: 18.8 years
Similar Funds: TMMFX 
Fund Family: American Funds
Fund Category: Muni Single State Interm
Fund Performance: May 30, 2016
Fundmojo Fund Grade: B (Score: 0.6)     (What does this score mean?)
Ellerin is a vice president and portfolio manager with Capital Research Company, her employer since 1991.  Get more insights on Brenda S. Ellerin

 

Graph of American Funds Tax-Exempt MD A Fund (TMMDX) ProfileAmerican Funds Tax-Exempt MD A Fund (TMMDX) Profile

Fund Profile and Description

American Funds Tax-Exempt MD A Fund seeks a high level of current income exempt from both federal and Maryland income taxes, consistent with preservation of capital. American Funds Tax-Exempt MD A Fund invests 80% of assets in or deriving at least 80% of its income from, municipal bonds, lower quality bonds, issued by municipalities in Maryland and in municipal securities that are issued by jurisdictions outside the state provided such securities are exempt from federal and Maryland taxation. It may also invest up to 20% of assets in securities that may subject to federal alternative minimum taxes.

 

American Funds Tax-Exempt MD A (TMMDX) Fund Strength What we like about American Funds Tax-Exempt MD A (TMMDX) Fund

Data for American Funds Tax-Exempt MD A Fund (TMMDX) as of May 30, 2016

  • American Funds Tax-Exempt MD A Fund (TMMDX) management has been with American Funds Tax-Exempt MD A Fund for 18.8 years
  • American Funds Tax-Exempt MD A Fund (TMMDX) has good Long-term performance (5-year return 3.99% vs 3.54% Muni Single State Interm category median performance)
  • American Funds Tax-Exempt MD A Fund (TMMDX) ratio of up-years vs down years is greater than 2
  • American Funds Tax-Exempt MD A Fund (TMMDX) is less volatile than its peers as it has a 3-year Standard Deviation of 2.82, lower than category average of 3.11
  • American Funds Tax-Exempt MD A Fund (TMMDX) has a lower expense ratio than its Muni Single State Interm average: 0.69% vs 0.91%

American Funds Tax-Exempt MD A Fund (TMMDX) Weakness What we are cautious about American Funds Tax-Exempt MD A (TMMDX) Fund

Data for American Funds Tax-Exempt MD A Fund (TMMDX) as of May 30, 2016

  • American Funds Tax-Exempt MD A Fund (TMMDX) has a less-than-ideal short-term performance (1-year return 3.95% vs 4.21% Muni Single State Interm category median performance)
  • American Funds Tax-Exempt MD A Fund (TMMDX) has a less-than-ideal mid-term performance (3-year return 2.53% vs 2.77% Muni Single State Interm category median performance)
  • American Funds Tax-Exempt MD A Fund (TMMDX) has a Morningstar rating of 3 and below
  • American Funds Tax-Exempt MD A Fund (TMMDX) is less safe compared to its Muni Single State Interm peers
  • American Funds Tax-Exempt MD A Fund (TMMDX) has an annual stock turnover rate of 27.00% that is higher than the Muni Single State Interm average of 9.64%. This could mean American Funds Tax-Exempt MD A is more nimble, but also signal potential high tax impact and high trading fees
  • American Funds Tax-Exempt MD A Fund (TMMDX) carries a 3.75% load
See American Funds Tax-Exempt MD A Fund (TMMDX) performance details as of May 30, 2016

 

What do you think?

 

Compare American Funds Tax-Exempt MD A Fund (TMMDX)Compare with other top Muni Single State Interm category mutual funds

Aadditional top Muni Single State Interm mutual funds for your consideration

FundYear to Date1 Year3 year5 year
American Funds Tax-Exempt MD A2.083.952.533.99
Colorado BondShares A Tax-Exempt (HICOX)1.484.444.014.58Compare
Dupree AL Tax-Free Income (DUALX)2.194.793.834.99Compare
Aquila Tax-Free Fund For Utah A (UTAHX)2.314.744.085.08Compare

See top fund managers for Muni Single State Interm Category Funds

 

Graph of American Funds Tax-Exempt MD A Fund (TMMDX) Net Asset TrackingAmerican Funds Tax-Exempt MD A (TMMDX) Fund Net Asset

Track net asset change of American Funds Tax-Exempt MD A fund (TMMDX)

DateNet Asset
05/2016$308.09M
03/2016$318.17M
02/2016$316.50M
More historic net asset information on American Funds Tax-Exempt MD A Fund (TMMDX)

  

Graph of American Funds Tax-Exempt MD A Fund (TMMDX) Portfolio TrackingAmerican Funds Tax-Exempt MD A (TMMDX) Fund Portfolio Allocation

Track portfolio allocation change of American Funds Tax-Exempt MD A fund (TMMDX)

DateCashStockBondOther
03/20165.4%0%94.6%0%
12/20152.33%0%97.67%0%
09/20151.62%0%98.38%0%
Click here to see more historic asset allocation information on American Funds Tax-Exempt MD A Fund (TMMDX)

 

graph of American Funds Tax-Exempt MD A Fund (TMMDX) Top 10 Position TrackingTop 10 Holdings in American Funds Tax-Exempt MD A (TMMDX) Fund

Discover what American Funds Tax-Exempt MD A Fund (TMMDX) manager is buying

Mar 30, 2016
Prince Georges Cnty Md Spl Obl Spec 5.2% [1.75%]
Hyattsville Md Spl Obl Spl Oblig 5.75% [1.16%]
Maryland St Health & Higher Ed Rev 4.75% [1.16%]
Maryland St Cmnty Dev Admin De Resi 3.5% [1.13%]
Montgomery Cnty Md Rev Rev Bds 5% [1.11%]
Prince Georges Cnty Md Spl Tax Spe 5.25% [1.11%]
Washington Subn San Dist 3% [1.1%]
Maryland St Go Bds 5% [1.08%]
Maryland St Transn Auth 5% [1.08%]

Dec 30, 2015
Prince Georges Cnty Md Spl Obl Spec 5.2% [1.8%]
Maryland St Health & Higher Ed Rev Bd 5% [1.65%]
Baltimore Md Rev Rev Bds 5% [1.21%]
Hyattsville Md Spl Obl Spl Oblig 5.75% [1.2%]
Maryland St Health & Higher Ed Rev 4.75% [1.19%]
Maryland St Cmnty Dev Admin De Resi 3.5% [1.16%]
Prince Georges Cnty Md Spl Tax Spe 5.25% [1.15%]
Maryland St Go Bds 5% [1.12%]
Maryland St Transn Auth 5% [1.12%]

Sep 29, 2015
Maryland St Health & Higher Ed Rev Bd 5% [1.77%]
Prince Georges Cnty Md Spl Obl Spec 5.2% [1.77%]
Hyattsville Md Spl Obl Spl Oblig 5.75% [1.19%]
Maryland St Health & Higher Ed Rev 4.75% [1.18%]
Baltimore Md Rev Rev Bds 5% [1.17%]
Prince Georges Cnty Md Spl Tax Spe 5.25% [1.13%]
Maryland St Transn Auth 5% [1.12%]
Maryland St Go Bds 5% [1.11%]
Maryland St Econ Dev Corp Sr Stude 5.25% [1.1%]
Click here for Stock Holding Change Map in American Funds Tax-Exempt MD A Fund (TMMDX)

  

Latest News on American Funds Tax-Exempt MD A (TMMDX) Fund

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American Funds Tax-Exempt MD A Fund (TMMDX) Related ResourcesSee more information on American Funds Tax-Exempt MD A (TMMDX) Fund

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