Morningstar

T. Rowe Price Intermediate Municipal Bond Fund Investor Class PRSMX

Morningstar Medalist Rating
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Medalist Rating as of See T. Rowe Price Investment Hub
  • NAV / 1-Day Return $10.87  /  +0.46 %
  • Fund Size $5.0B
  • Adjusted Expense Ratio 0.400%
  • Net Expense Ratio 0.410%
  • Fee Level: Distribution Below Average
  • Share Class Type No Load
  • Morningstar Category Muni National Interm
  • Fixed-Income Style Box (Funds) Medium/Moderate
  • Minimum Initial Investment $25,000
  • Investment Status Open
  • TTM Yield 3.43%
  • Average Effective Duration 5.49 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis PRSMX

Will PRSMX outperform in the 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.

Lead manager Charlie Hill retires, but a comanager and a compelling approach remains.

Associate Director Elizabeth Foos

Elizabeth Foos

Associate Director

Summary

T. Rowe Price Summit Municipal Intermediate’s approach remains thoughtful and collaborative despite several team changes over the past three years.

by Elizabeth Foos
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Portfolio Holdings PRSMX

More PRSMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329%

1.04 54M
municipal

PUERTO RICO COMWLTH 5.75%

1.02 53M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%

0.72 37M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV 4%

0.64 33M
municipal

SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 4%

0.57 30M
municipal

PUERTO RICO COMWLTH 0.00001%

0.52 27M
municipal

CHICAGO ILL MIDWAY ARPT REV 5%

0.51 27M
municipal

NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5%

0.50 26M
municipal

CHANDLER ARIZ INDL DEV AUTH INDL DEV REV 5%

0.48 25M
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%

0.46 24M
municipal

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