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    T. Rowe Price Tax-Free Income Inv (PRTAX)

    10.63 0.00(0.00%) Jun 29

    Profile as of May 30, 2016Get Profile for:
    T. Rowe Price Tax-Free Income Inv
    T. Rowe Price Tax-free Income Fd, Inc100 East Pratt StreetBaltimore MD 21202
    Phone: 800-638-5660
    Fund Overview 
    Category:Muni National Long
    Fund Family:T. Rowe Price
    Net Assets:2.64B
    Year-to-Date Return:2.69%
    Morningstar Rating:4 stars
    Fund Inception Date:Oct 26, 1976
    Morningstar Style Box 
    Muni National Long
    [View Category Definition]
    View Top Muni National Long Funds
    About the Morningstar Style Box
    Management Information 
    Konstantine B. Mallas
    Lead Manager since Jul 1, 2007
    Konstantine B. (Dino) Mallas has been chairman of the committee since 2003 and he is a vice president of T. Rowe Price Associates, Inc., and a portfolio manager in the Fixed Income Division. Mr. Mallas also heads the Investment Advisory Committees for four tax-free bond strategies.He joined the firm in 1987 as a broker in the Discount Brokerage Department and in 1991 transferred to the Municipal Department. He began his fixed-income responsibilities as a fixed-income specialist and later transitioned into trading intermediate- and long-term state and national portfolios. Mr. Mallas assumed portfolio management responsibilities in 1999. Mr. Mallas earned a B.S. from American University and an M.B.A. from Loyola College in Baltimore, Maryland.
    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:100
    Min Subsequent Investment, AIP:100
    PRTAX can be purchased from 95 brokerages.

    Fund Summary 
    The investment seeks a high level of income exempt from federal income taxes. Normally, at least 80% of the fund's income will be exempt from federal income taxes. Although the fund may purchase securities of any maturity, the fund generally seeks longer-term municipal securities. Most investments are in investment-grade securities, which are securities rated in one of the four highest credit categories (AAA, AA, A, or 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.

    Fund Operations 
    Last Dividend (May 30, 2016) : 0.03
    Last Cap Gain : 0.00
    Annual Holdings Turnover (Jun 26, 2016) : 8.00%
    Average for Category:21.44%
    Fees & Expenses 
    ExpensePRTAXCategory Avg
    Annual Report Expense Ratio (net):0.52%0.86%
    Prospectus Net Expense Ratio:0.51%N/A
    Prospectus Gross Expense Ratio:0.51%N/A
    Max 12b1 Fee:0.00%N/A
    Max Front End Sales Load:N/A3.92%
    Max Deferred Sales Load: N/A2.35%
    3 Yr Expense Projection*:164455
    5 Yr Expense Projection*:285680
    10 Yr Expense Projection*:6401,305
    * Per $10,000 invested