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T. Rowe Price Tax-Free Income Inv PRTAX

Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 8.92  /  0.21 %
  • Total Assets 2.2 Bil
  • Adj. Expense Ratio
    0.530%
  • Expense Ratio 0.530%
  • Distribution Fee Level Average
  • Share Class Type No Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.08%
  • Effective Duration 6.93 years

Morningstar’s Analysis PRTAX

Will PRTAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Longtime Muni Manager Dino Mallas to Retire; No Change to Current Morningstar Analyst Ratings

null Elizabeth Foos

Elizabeth Foos

Analyst Note

T. Rowe Price announced that longtime municipal-bond manager Dino Mallas will retire from the firm on Dec. 31, 2023. Among other duties, Mallas has managed the T. Rowe Price Summit Municipal Income Fund since 1999 and T. Rowe Price Tax Free Income Fund since 2007. Both strategies currently earn People Pillar ratings of High and Morningstar Analyst ratings of Silver on their cheapest share classes, while their more expense shares earn Bronze and Neutral ratings.

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Portfolio Holdings PRTAX

  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 598
  • Other Holdings 2
  • % Assets in Top 10 Holdings 8.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash & Cash Equivalents

1.11
25,651,798
Cash and Equivalents

CHICAGO ILL O HARE INTL ARPT REV 4.5%

0.97
22,475,374
municipal

NEW YORK ST TWY AUTH GEN REV JR INDBT OBLIGS 4%

0.96
22,041,668
municipal

SALT RIV PROJ AGRIC IMPT & PWR DIST ARIZ ELEC SYS REV 5%

0.83
19,151,422
municipal

MIAMI-DADE CNTY FLA EDL FACS AUTH REV 5%

0.82
19,032,882
municipal

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

0.81
18,659,996
municipal

REGIONAL TRANSN AUTH ILL 6%

0.80
18,352,454
municipal

DENVER COLO CONVENTION CTR HOTEL AUTH REV 5%

0.76
17,551,522
municipal

METROPOLITAN TRANSN AUTH N Y REV 5.25%

0.69
16,003,052
municipal

NEW YORK ST DORM AUTH REVS ST SUPPORTED DEBT 5%

0.67
15,534,591
municipal