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T. Rowe Price Summit Municipal Inc Inv PRINX

Analyst rating as of
NAV / 1-Day Return
12.43  /  0.06 %
Total Assets
3.4 Bil
Adj. Expense Ratio
0.500%
Expense Ratio
0.500%
Fee Level
Below Average
Longest Manager Tenure
22.63 years
Category
Muni National Long
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Min. Initial Investment
25,000
Status
Open
TTM Yield
2.27%
Effective Duration
5.96 years
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Morningstar’s Analysis

Will PRINX outperform in future?

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T. Rowe Price’s New Entity Brings Opportunities and Trade-Offs

Senior Analyst

Analyst Note

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T. Rowe Price Group TROW announced on Nov. 19 that it plans to split its investment-research organization in two with the launch of T. Rowe Price Investment Management in 2022’s second quarter. Six existing strategies and supporting analytical resources will move to the new entity, and this cohort will remain entirely separate from the legacy T. Rowe Price Associates; the two teams will not share research or investment resources once divided.

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