T. Rowe Price Summit Municipal Income
100 East Pratt Street Baltimore MD 21202
Map
Phone: 800-638-5660
| Category: | Muni National Long | | Fund Family: | T. Rowe Price | | Net Assets: | 380.98M | | Year-to-Date Return: | 19.42% | | Yield: | 4.29% | | Morningstar Rating: |  | | Fund Inception Date: | 29-Oct-93 |
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Konstantine B. Mallas
Lead Manager since
28-Feb-99 | | | Mallas is a vice president of T. Rowe Price Associates, Inc., and a portfolio manager in the Fixed Income Division. Mallas also heads the Investment Advisory Committees for four tax-free bond strategies. Mallas has 17 years of investment experience, all of which have been at T. Rowe Price. He joined the firm in 1987 as a broker in the Discount Brokerage Department and in 1991 transferred to the Municipal Department. |
| Min Initial Investment: | $25,000 | | Min Initial Investment, IRA: | $25,000 | | Min Initial Investment, AIP: | $0 | | Min Subsequent Investment: | $1,000 | | Min Subsequent Investment, IRA: | $1,000 | | Min Subsequent Investment, AIP: | $100 |
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| The investment seeks income exempt from federal income tax. The fund normally invests at least 80% of assets in investment-grade bonds rated from AAA to BBB or equivalent by at least one nationally recognized credit rating agency or, if unrated, deemed to be of comparable quality by T. Rowe Price. It invests at least 65% of assets in long-term, tax-exempt bonds. The fund may invest up to 20% of assets in non-investment-grade "junk" bonds. |
| Last Dividend
(30-Sep-09):
| 0.04 | | Last Cap Gain
(16-Dec-98):
| 0.05 | | Annual Holdings Turnover
| YFT_NOT_APPLICABLE_ABBREVIATION | | Average for Category:
| 51.03% |
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| Expense | PRINX | Category
Avg | | Total Expense Ratio: | 0.50%
| 1.02% | | Max 12b1 Fee: | %
| N/A | | Max Front End Sales Load: | %
| 4.27% | | Max Deferred Sales Load: | %
| 2.69% | | 3 Yr Expense Projection*: |
$ 160 | $548 | | 5 Yr Expense Projection*: |
$ 280 | $794 | | 10 Yr Expense Projection*: |
$ 628 | $1,491 |
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