Strategy

Investment Objective

The fund seeks to provide the highest level of income exempt from federal and Maryland state and local income taxes consistent with modest fluctuation in principal value.

US Mutual Fund Vendor Indices Disclaimers

For a complete list of the members of the fund's Investment Advisory Committee, please refer to the fund's prospectus.

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1

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2

'Fund Manager Tenure' refers to the number of years managing the fund.  In the case of co-portfolio management, the longer tenure is displayed.

3

'Net Assets' figure applies to all share classes.

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