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Fixed Income

BZM

Maryland Municipal Bond Trust

Overview

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Performance

Performance

  • Returns

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.


Returns are shown net of advisory fees paid by the fund and net of the fund’s operating fees and expenses. Investors who purchase shares of the fund through an investment adviser or other financial professional may separately pay a fee to that service provider. Past performance is not indicative of future results.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

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Distributions

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Key Facts

Key Facts

Net Assets as of Aug 19, 2019 $32,419,302
Managed Assets as of Aug 19, 2019 $51,418,366.59
Share Class launch date Apr 30, 2002
Exchange New York Stock Exchange Inc.
Asset Class Fixed Income
Morningstar Category Muni Single State Long
Lipper Classification Other States Muni Debt
CUSIP 09249L105
Management Fee 0.96%
Gross Expense Ratio 2.75%
Shares Outstanding as of Aug 19, 2019 2,081,608
Number of Holdings as of Jul 31, 2019 75

Portfolio Characteristics

Portfolio Characteristics

Average Coupon as of Jul 31, 2019 4.78%
WAL to Maturity as of Jul 31, 2019 27.90 yrs

Ratings

Holdings

Holdings

as of Jul 31, 2019
Name Weight (%)
TOB 5 938782FT1 DCTGEN 144A 4.92
ANNE ARUNDEL CNTY MD 5 10/01/2043 4.28
MARYLAND ST TRANSN AUTH PASSEN 4 06/01/2029 4.11
TOB 5 574296BV0 MDSFAC 144A 3.60
MARYLAND ST HEALTH & HIGHER ED 5 07/01/2034 3.37
Name Weight (%)
MARYLAND ST ECON DEV CORP STUDENT 5 06/01/2043 3.20
DRIVER 3.6 BAL 05922KZS1 3.00
PRINCE GEORGES CNTY NATL HARBOR 5.2 07/01/2034 2.58
MARYLAND ST HEALTH & HIGHER ED 4 07/01/2038 2.56
MARYLAND ST CMNTY DEV ADMIN DE 4.05 07/01/2042 2.47

Exposure Breakdowns

Exposure Breakdowns

Type Fund
Type Fund
Type Fund
Type Fund
Type Fund
Type Fund
The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

as of Jul 31, 2019
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