T. Rowe Price Summit Municipal Income Fund Investor Class (PRINX)

11.74
Net Asset Value
-0.09%
1 Day
-1.84%
Year-to-Date
Overall Morningstar Rating
Muni national long
Style or Category
No Load
Sales Expenses
0.50%
Expense Ratio
Average
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 rating categories assigned by established credit rating agencies) by at least one major credit rating agency or- if unrated- deemed to be of comparable quality by T. Rowe Price. The fund may invest up to 20% of its total assets in noninvestment-grade bonds- known as "junk" bonds- including those with the lowest credit ratings.

Performance

1 month+0.70% 3 years+3.18%
3 months+0.88% 5 years+4.25%
1 year+1.57% Since inception+5.21%
Data through --

Peer Comparisonvs. Muni national long

 PRINXCategory
Performance 5-yr return+4.25%+2.65%
Expense ratio0.50%0.92%
Risk 5 year sharpe ratio0.730.61
Net assets$1.7B$2.1B
Average market cap--$20.4B
Average P/E--12.0
Portfolio turnover10%10%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyT. Rowe Price
Fund manager & tenureKonstantine Mallas / 19 Years
Minimal initial investment$25,000.00
Minimum IRA investment--

Holdings

Fixed income99.96%
Cash0.04%
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
-- 1.11%
-- 1.05%
-- 1.03%
-- 1.03%
-- 0.96%
-- 0.87%
-- 0.87%
-- 0.87%
-- 0.80%
-- 0.77%