PRSMX : T. Rowe Price Summit Municipal Intermediate Fund Investor Class

PRSMX is a Bond Market Municipal Bond with LOW fees.

PRSMX

T. Rowe Price Summit Municipal Intermediate Fund Investor Class

FI Score

77 /100

Expense Ratio Rating

8 /10

Expense Rating

5 /10

Market Score

9 /10

Category Score

8 /10

Market Size

9 /10

77% FI Score
  • prsmx
  • Mutual Fund
  • Bond
  • Municipal Bond

T. Rowe Price Summit Municipal Intermediate Fund Investor Class

Expenses: 0.50% (Better than 1% of similar funds)

This is an OK choice for a Municipal Bond Bond fund. See why ยป

Fund Summary

The investment seeks the highest level of income exempt from federal income taxes consistent with moderate price fluctuation. The fund will normally invest at least 90% 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 10% of the fund's total assets in below investment-grade bonds, known as "junk" bonds, including those with the lowest credit ratings.

Largest Holdings

Amount Holding
0.72% METROPOLITAN TRANSN AUTH N Y REV 5%
0.64% TRIBOROUGH BRDG & TUNL AUTH N Y REVS 5%
0.62% TEXAS MUN GAS ACQUISITION & SUPPLY CORP I GAS SUPPLY REV 6.25%
0.62% PORT AUTH N Y & N J 5%
0.58% GRAND PARKWAY TRANSN CORP TEX SYS TOLL REV 4%
0.55% TEXAS MUN GAS ACQUISITION & SUPPLY CORP III GAS SUPPLY REV 5%
0.55% ILLINOIS ST 5%
0.53% VIRGINIA SMALL BUSINESS FING AUTH REV 5%
0.52% LOS ANGELES CNTY CALIF MET TRANSN AUTH SALES TAX REV 5%
0.51% NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5%

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