T. Rowe Price Summit Municipal Intm Adv (PAIFX)
| Fund Assets | 5.30B |
| Expense Ratio | 0.65% |
| Min. Investment | $25,000 |
| Turnover | 23.60% |
| Dividend (ttm) | 0.34 |
| Dividend Yield | 2.95% |
| Dividend Growth | 8.38% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 11.50 |
| YTD Return | 1.48% |
| 1-Year Return | 5.70% |
| 5-Year Return | 2.88% |
| 52-Week Low | 11.10 |
| 52-Week High | 11.65 |
| Beta (5Y) | 0.05 |
| Holdings | 1057 |
| Inception Date | Aug 8, 2012 |
About PAIFX
T. Rowe Price Summit Municipal Intermediate Fund – Advisor Class is an open‑end municipal bond mutual fund focused on delivering income that is exempt from federal income taxes while maintaining moderate interest‑rate sensitivity. The strategy primarily invests in investment‑grade municipal securities, typically allocating at least 90% of total assets to bonds rated in the top four categories, and targets the intermediate portion of the yield curve to balance income generation with price stability. The portfolio spans essential public finance sectors such as transportation, utilities, and state or local revenue bonds, reflecting a diversified approach to municipal credit. The fund is actively managed by T. Rowe Price Associates, applying fundamental credit research and disciplined duration management, with recent materials noting leadership by James T. Lynch as sole portfolio manager and chair of the Investment Advisory Committee. Designed for investors seeking tax‑advantaged income, the Advisor Class carries institutional‑style minimums and a management framework oriented toward repeatable, risk‑aware execution within the national intermediate municipal category.
Performance
PAIFX had a total return of 5.70% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.89%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| PRTMX | -i Class | 0.29% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.02846 | Jun 30, 2026 |
| May 29, 2026 | $0.02902 | May 29, 2026 |
| Apr 30, 2026 | $0.02841 | Apr 30, 2026 |
| Mar 31, 2026 | $0.02787 | Mar 31, 2026 |
| Feb 27, 2026 | $0.026 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02845 | Jan 30, 2026 |