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

10.51
Net Asset Value
0.00%
1 Day
-0.57%
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 tax. 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 total assets in noninvestment-grade securities, known as "junk" bonds in the taxable bond market, including those with the lowest credit ratings.

Performance

1 month-0.33% 3 years+6.02%
3 months+0.19% 5 years+5.74%
1 year+4.83% Since inception+6.40%
Data through --

Peer Comparisonvs. Muni national long

 PRTAXCategory
Performance 5-yr return+5.74%+5.79%
Expense ratio0.52%0.98%
Risk 5 year sharpe ratio1.080.94
Net assets$3.2B$1.8B
Average market cap$10.6B$324.8M
Average P/E----
Portfolio turnover10%10%

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Fund Management and Purchase Info

Fund familyT. Rowe Price
Fund manager & tenureKonstantine Mallas / 5 Years
Minimal initial investment$2,500.00
Minimum IRA investment$1,000.00

Holdings

Other100.00%
U.S. stock--
International stock--
Fixed income--
Cash--
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%1.37%
-- Miami-Dade Cnty Fla Aviation R Av 5.375%0.97%
-- Utah Tran Auth 5%0.84%
-- Texas St Pub Fin Auth 5%0.75%
-- Orange Cnty Fla Health Facs Au Rev Bd 5%0.73%
-- Metropolitan Wash D C Arpts Au Re 5.625%0.72%
-- Metropolitan Pier & Exposition Bds 5.5%0.71%
-- Connecticut St Health & Edl Fa Rev Bd 5%0.71%
-- California St Dept Wtr Res Pwr Rev Bd 5%0.67%
-- Regl Transn Auth 6%0.63%

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