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    T. Rowe Price Summit Municipal Intm (PRSMX)

    11.97 0.00(0.00%) Apr 24

    Profile as of Mar 30, 2015Get Profile for:
    T. Rowe Price Summit Municipal Intm
    T. Rowe Price Summit Municipal Fds, Inc100 East Pratt StreetBaltimore MD 21202
    Map
    Phone: 800-638-5660
    Fund Overview 
    Category:Muni National Interm
    Fund Family:T. Rowe Price
    Net Assets:4.10B
    Year-to-Date Return:0.80%
    Yield:2.58%
    Morningstar Rating:4 stars
    Fund Inception Date:Oct 29, 1993
    Morningstar Style Box 
    Muni National Interm
    [View Category Definition]
    View Top Muni National Interm Funds
    About the Morningstar Style Box
    Management Information 
    Charles B. Hill
    Lead Manager since Oct 29, 1993
    Hill is a chairman and portfolio manager with T. Rowe Price Associates, his employer since 1991. Prior to joining the firm, he was a portfolio manager with Riggs Investment Management from 1986 to 1991. Previously, he was an accountant with Johnston, Lemon & Co.
    Investment Information 
    Min Initial Investment:25,000
    Min Initial Investment, IRA:25,000
    Min Initial Investment, AIP:25,000
    Min Subsequent Investment:1,000
    Min Subsequent Investment, IRA:1,000
    Min Subsequent Investment, AIP:100
    PRSMX can be purchased from 85 brokerages.

    Fund Summary 
    The investment seeks the highest level of income exempt from federal income taxes consistent with moderate price fluctuation. The fund will normally invest at least 90% of its total assets in investment-grade municipal securities rated in one of the four highest credit categories (AAA to BBB, or an equivalent rating) by at least one major credit rating agency or, if unrated, deemed to be of comparable quality by T. Rowe Price. It may invest up to 10% of the fund's total assets in below investment-grade bonds, known as "junk" bonds, including those with the lowest credit ratings.

    Fund Operations 
    Last Dividend (Mar 30, 2015) : 0.02
    Last Cap Gain : 0.00
    Annual Holdings Turnover (Apr 22, 2015) : 5.90%
    Average for Category:27.36%
    Fees & Expenses 
    ExpensePRSMXCategory Avg
    Annual Report Expense Ratio (net):0.50%0.82%
    Prospectus Net Expense Ratio:0.50%N/A
    Prospectus Gross Expense Ratio:0.50%N/A
    Max 12b1 Fee:0.00%N/A
    Max Front End Sales Load:N/A3.38%
    Max Deferred Sales Load: N/A1.94%
    3 Yr Expense Projection*:160398
    5 Yr Expense Projection*:280617
    10 Yr Expense Projection*:6281,241
    * Per $10,000 invested