T. Rowe Price Tax-Free Income’s seasoned team plies a straightforward and disciplined approach that has served investors well over the long term. The fund’s cheapest share classes earns a Morningstar Analyst Rating of Silver, while its more expensive share class receives a Neutral rating.
Will PATAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillar’s below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PATAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PATAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PATAX’s parent organization’s priorities and whether they’re in line with investors’ interests.