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

Net Asset Value
1 Day
Overall Morningstar Rating
Muni national long
Style or Category
No Load
Sales Expenses
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks a high level of income exempt from federal income taxes by investing primarily in long-term investment-grade municipal securities. Normally- at least 80% of the fund's income will be exempt from federal income taxes. Although the fund may purchase securities of any maturity- the fund generally seeks longer-term municipal securities. Most investments are in investment-grade securities- which are securities rated in one of the four highest credit rating categories by at least one major credit rating agency or- if unrated- deemed to be of comparable quality by T. Rowe Price.


1 month-0.20% 3 years+2.25%
3 months+0.01% 5 years+2.76%
1 year+3.81% Since inception+6.00%
Data through --

Peer Comparisonvs. Muni national long

Performance 5-yr return+2.76%+2.96%
Expense ratio0.52%0.87%
Risk 5 year sharpe ratio0.760.65
Net assets$2.7B$1.9B
Average market cap--$24.9B
Average P/E--13.1
Portfolio turnover12%12%

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Fund Management and Purchase Info

Fund familyT. Rowe Price
Fund manager & tenureKonstantine Mallas / 10 Years
Minimal initial investment$2,500.00
Minimum IRA investment$1,000.00


Fixed income99.81%
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
-- 1.15%
-- 0.79%
-- 0.79%
-- 0.79%
-- 0.78%
-- 0.78%
-- 0.77%
-- 0.75%
-- 0.73%
-- 0.72%