PRFSX – T. Rowe Price Short-Itmt Muncpl Bd Investment Strategy | Morningstar

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Strategy

The investment seeks to provide, consistent with modest price fluctuation, a high level of income exempt from federal income taxes by investing primarily in short- and intermediate-term investment-grade municipal securities. The fund normally invests at least 80% of its net assets in municipal bonds whose income is exempt from regular federal income taxes. It invests in various types of municipal securities that are exempt from regular federal income taxes, including private activity bonds, which are issued by a government agency on behalf of a private sector company and typically are not backed by the credit of the issuing municipality.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PRFSX	T. Rowe Price Short-Intermediate Municipal Bond Fund	No Load	Open			Dec 23, 1983	$427.78M	0.390%	Below Average	$2,500	−$240.76M
PATIX	T. Rowe Price Short-Intermediate Municipal Bond Fund Advisor Class	No Load	Open			Aug 8, 2012	$875,602.00	0.800%	High	$2,500	−$63,014.44
TTSIX	T. Rowe Price Short-Intermediate Municipal Bond Fund I Class	Institutional	Open			Nov 29, 2016	$724.01M	0.240%	Low	$500,000	$15.35M

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