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Morningstar

T. Rowe Price Virginia Tax Free Bond PRVAX

Morningstar Medalist Rating
Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 10.55  /  0.09 %
  • Total Assets 1.2 Bil
  • Adj. Expense Ratio
    0.560%
  • Expense Ratio 0.560%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 2.99%
  • Effective Duration 7.54 years

USD | NAV as of Sep 27, 2023 | 1-Day Return as of Sep 27, 2023, 10:17 PM GMT+0

Morningstar’s Analysis PRVAX

Will PRVAX 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 PRVAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the PRVAX 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 PRVAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A strong management team and sound investment process underpin T. Rowe Price Virginia Tax Free Bond's Morningstar Medalist Rating of Silver.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the least expensive fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PRVAX

More PRVAX Holdings
  • Current Portfolio Date
  • Equity Holdings 1
  • Bond Holdings 340
  • Other Holdings 3
  • % Assets in Top 10 Holdings 13.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

ROANOKE VA ECONOMIC DEV AUTH HOSP REV 5%

1.60
20,368,294
municipal

ARLINGTON CNTY VA INDL DEV AUTH HOSP FAC REV 3.75%

1.52
19,303,636
municipal

FAIRFAX CNTY VA INDL DEV AUTH REV 5%

1.45
18,449,590
municipal

HAMPTON RDS VA TRANSN ACCOUNTABILITY COMMN REV 5%

1.40
17,828,457
municipal

NORFOLK VA WTR REV 5.25%

1.39
17,594,731
municipal

ARLINGTON CNTY VA INDL DEV AUTH HOSP FAC REV 4%

1.35
17,198,255
municipal

FARMVILLE VA INDL DEV AUTH EDL FACS REV 5.375%

1.27
16,117,002
municipal

METROPOLITAN WASH D C ARPTS AUTH DULLES TOLL RD REV 5%

1.23
15,609,819
municipal

METROPOLITAN WASH D C ARPTS AUTH ARPT SYS REV 5%

1.14
14,529,823
municipal

VIRGINIA SMALL BUSINESS FING AUTH PRIVATE ACTIVITY REV 5%

1.13
14,316,500
municipal