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T. Rowe Price Tax-Free Income Inv (PRTAX)On Jan 6: 9.81   0.00 (0.00%)  
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Profile  As of 30-Nov-09Get Profile for:
T. Rowe Price Tax-Free Income Inv
100 East Pratt Street Baltimore MD 21202
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Phone: 800-225-5132
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FUND OVERVIEW 
Category:Muni National Long
Fund Family:T. Rowe Price
Net Assets:1.66B
Year-to-Date Return:15.03%
Yield:4.48%
Morningstar Rating:4 stars
Fund Inception Date:26-Oct-76
MORNINGSTAR STYLE BOX 
Muni National Long
[View Category Definition]
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About the Morningstar Style Box
MANAGEMENT INFORMATION 
Mary J. Miller
Lead Manager since 31-Mar-97
Miller is a portfolio manager and director of the municipal bond division at T. Rowe Price Associates, her employer since 1983. Previously, she spent one year as a legislative aide to Congressman Robert Young in the U.S. House of Representatives, and three years as a research associate at the Urban Institute. Miller holds the Chartered Financial Analyst designation.
INVESTMENT INFORMATION 
Min Initial Investment:$2,500
Min Initial Investment, IRA:$1,000
Min Initial Investment, AIP:$2,500
Min Subsequent Investment:$100
Min Subsequent Investment, IRA:$50
Min Subsequent Investment, AIP:$50
PRTAX can be purchased from brokerages.
FUND SUMMARY 
The investment seeks a high level of income exempt from federal income tax. The fund invests primarily in long-term investment grade municipal securities. The fund's weighted average maturity is expected to exceed 10 years. Most investments are in investment-grade securities, which means their ratings are within the four highest credit categories as determined by at least one nationally recognized credit rating agency or, if unrated, deemed to be of comparable quality by T. Rowe Price.
FUND OPERATIONS 
Last Dividend (30-Nov-09): 0.03
Last Cap Gain (29-Mar-99): 0.01
Annual Holdings Turnover 41.40%
Average for Category: 52.04%
FEES & EXPENSES 
ExpensePRTAXCategory
Avg
Total Expense Ratio:% 1.02%
Max 12b1 Fee:% N/A
Max Front End Sales Load:% 4.23%
Max Deferred Sales Load:% 2.68%
3 Yr Expense Projection*: $ YFT_NOT_APPLICABLE_ABBREVIATION$541
5 Yr Expense Projection*: $ YFT_NOT_APPLICABLE_ABBREVIATION$786
10 Yr Expense Projection*: $ YFT_NOT_APPLICABLE_ABBREVIATION$1,468
* Per $10,000 invested


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