T. Rowe Price Tax-Free Income's experienced team uses a research-intensive approach that has provided solid downside protection in rocky muni markets over the past decade. The strategy's cheapest share classes earn a Morningstar Analyst Rating of Silver, while its most expensive share class is rated Neutral.
T. Rowe Price Tax-Free Income Adv PATAX
NAV / 1-Day Return
10.38
/
0.07
%
Total Assets
2.9 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.850%
Expense Ratio
0.850%
Fee Level
High
Longest Manager Tenure
14.55
years
Category
Muni National Long
Credit Quality / Interest Rate Sensitivity
Medium / ModerateMin. Initial Investment
2,500
Status
Open
TTM Yield
2.10%
Effective Duration
5.88
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will PATAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
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.
People Pillar
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.
Parent Pillar
The Parent Pillar is our rating of PATAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
As solid choice.
