T. Rowe Price Tax-Free Income Fund (PRTAX)

10.29
Net Asset Value
+0.10%
1 Day
+4.79%
Year-to-Date
Overall Morningstar Rating
Muni national long
Style or Category
No Load
Sales Expenses
0.52%
Expense Ratio
Average
Morningstar Risk Rating™
Investment Objective The investment seeks a high level of income exempt from federal income taxes. The fund invests in long-term municipal securities (securities with maturities of more than 10 years) and its weighted average maturity is expected to normally exceed 10 years. Most investments are in investment-grade securities, which are securities rated in one of the four highest credit categories 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 10% of its total assets in noninvestment-grade securities, known as "junk" bonds, including those with the lowest credit ratings.

Performance

1 month+0.61% 3 years+5.68%
3 months+1.86% 5 years+5.84%
1 year+8.92% Since inception+6.24%
Data through --

Peer Comparisonvs. Muni national long

 PRTAXCategory
Performance 5-yr return+5.84%+6.06%
Expense ratio0.52%0.97%
Risk 5 year sharpe ratio1.241.14
Net assets$2.5B$1.5B
Average market cap$16.6B$30.9B
Average P/E30.5--
Portfolio turnover14%14%

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Fund Management and Purchase Info

Fund familyT. Rowe Price
Fund manager & tenureKonstantine Mallas / 6 Years
Minimal initial investment$2,500.00
Minimum IRA investment$1,000.00

Holdings

Fixed income97.47%
Cash2.54%
U.S. stock0.00%
International stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- New York Liberty Dev Corp Libe Lib 5.75%1.16%
-- Texas St Pub Fin Auth 5%0.89%
-- Metropolitan Wash D C Arpts Au Re 5.625%0.86%
-- Orange Cnty Fla Health Facs Au Rev Bd 5%0.83%
-- Metropolitan Pier & Exposition Bds 5.5%0.83%
-- Regl Transn Auth 6%0.76%
-- New York St Twy Auth 5%0.72%
-- Metropolitan Transn Auth 5.25%0.72%
-- Foothill / Eastern Transn Corr Rev Bds0.71%
-- Tarrant Cnty Tex Cultural Ed F Hosp 5.5%0.71%

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