T. Rowe Price Summit Municipal Intermediate’s seasoned team plies a straightforward approach that’s resulted in impressive risk-adjusted returns over the longer term. The fund’s cheapest share class earns a Morningstar Analyst Rating of Silver, while its more expensive share classes receive Bronze and Neutral ratings.
Will PRSMX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PRSMX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PRSMX 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 PRSMX’s parent organization’s priorities and whether they’re in line with investors’ interests.