T. Rowe Price Summit Municipal Intermediate’s experienced team uses a research-intensive approach that has resulted in appealing risk-adjusted returns over the longer term. The strategy’s cheapest share class earns a Morningstar Analyst Rating of Silver, while its more expensive share classes are rated Bronze and Neutral.
T. Rowe Price Summit Municipal Intm Inv PRSMX
NAV / 1-Day Return
11.36
/
0.34
%
Total Assets
5.8 Bil
Adj. Expense Ratio
0.500%
Expense Ratio
0.500%
Fee Level
Below Average
Longest Manager Tenure
28.80
years
Category
Muni National Interm
Credit Quality / Interest Rate Sensitivity
Medium / ModerateMin. Initial Investment
2,500
Status
Open
TTM Yield
2.15%
Effective Duration
5.30
years
Morningstar’s Fund Analysis PRSMX
Will PRSMX 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 PRSMX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
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.
Parent Pillar
The Parent Pillar is our rating of PRSMX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A strong risk/reward profile over the long-term.
