T. Rowe Price Summit Municipal Income Fund (PRINX)

Net Asset Value
1 Day
Overall Morningstar Rating
Muni national long
Style or Category
No Load
Sales Expenses
Expense Ratio
Morningstar Risk Rating™
Investment Objective The investment seeks a high level of income exempt from federal income taxes. The fund will normally invest at least 80% of its total assets in investment-grade municipal securities rated in one of the four highest credit categories (AAA to BBB, or an equivalent rating) by at least one major credit rating agency or, if unrated, deemed to be of comparable quality by T. Rowe Price. It may invest up to 20% of its total assets in noninvestment-grade bonds, known as "junk" bonds in the taxable bond market, including those with the lowest credit ratings. Normally, at least 80% of the fund's income will be exempt from federal income taxes.


1 month+2.18% 3 years+5.40%
3 months+2.95% 5 years+6.29%
1 year+11.24% Since inception+5.61%
Data through --

Peer Comparisonvs. Muni national long

Performance 5-yr return+6.29%+5.32%
Expense ratio0.50%0.98%
Risk 5 year sharpe ratio1.271.15
Net assets$966.2M$1.5B
Average market cap--$38.2B
Average P/E--60.0
Portfolio turnover9%9%

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Fund Management and Purchase Info

Fund familyT. Rowe Price
Fund manager & tenureKonstantine Mallas / 15 Years
Minimal initial investment$25,000.00
Minimum IRA investment$25,000.00


Fixed income99.54%
U.S. stock0.00%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- Colorado Health Facs Auth 5.25%1.21%
-- New York Liberty Dev Corp Libe Lib 5.75%1.03%
-- New York St Twy Auth 5%1.01%
-- Maryland St Health & Higher Ed Rev Bd 5%1.01%
-- Maryland St Transn Auth 5%0.98%
-- Clark Cnty Nev Arpt Rev Subordina 5.75%0.97%
-- New York St Dorm Auth 5%0.78%
-- Texas St Pub Fin Auth 4%0.75%
-- Miami-Dade Cnty Fla Aviation R Av 5.375%0.72%
-- Idaho Health Facs Auth 5%0.72%

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