Legg Mason MD Tax-Free Income Prim
100 Light Street 23rd Floor Baltimore MD 21202
Map
Phone: 800-822-5544
| Category: | Muni Single State Long | | Fund Family: | Legg Mason | | Net Assets: | 155.35M | | Year-to-Date Return: | 1.82% | | Yield: | 4.24% | | Morningstar Rating: |  | | Fund Inception Date: | 01-May-91 |
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Scott Pierce
Lead Manager since
01-Aug-01 | | | Perce is a portfolio manager of the fund. Prior to joining Legg Mason in 1994, he worked at T. Rowe Price Associates, Inc.. Perce holds the Charted Financial Analyst designation. |
| Min Initial Investment: | $1,000 | | Min Initial Investment, IRA: | $0 | | Min Initial Investment, AIP: | $50 | | Min Subsequent Investment: | $50 | | Min Subsequent Investment, IRA: | $0 | | Min Subsequent Investment, AIP: | $50 |
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| The investment seeks high current income exempt from federal and Maryland state and local income taxes, consistent with prudent investment risk and preservation of capital. The fund normally invests at least 80% of total assets in municipal obligations, the interest of which is exempt from Maryland state and local taxes and is not considered a tax preference item for the purpose of the alternative minimum tax. It may invest 25% or more of total assets in a particular segment of the municipal securities market. The fund may invest in securities of any maturity. It is nondiversified. |
| Last Dividend
(29-Aug-08):
| 0.05 | | Last Cap Gain
(15-Jun-07):
| 0.00 | | Annual Holdings Turnover
| 9.00% | | Average for Category:
| 20.08% |
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| Expense | LMMDX | Category
Avg | | Total Expense Ratio: | 0.70%
| 1.14% | | Max 12b1 Fee: | 0.25%
| N/A | | Max Front End Sales Load: | 0.00%
| 4.18% | | Max Deferred Sales Load: | 0.00%
| 2.71% | | 3 Yr Expense Projection*: |
$306 | $667 | | 5 Yr Expense Projection*: |
$531 | $954 | | 10 Yr Expense Projection*: |
$1,178 | $1,768 |
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1.49% Nasdaq 
0.27%
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