T. Rowe Price Summit Municipal Inc Adv (PAIMX)
| Fund Assets | 3.15B |
| Expense Ratio | 0.70% |
| Min. Investment | $25,000 |
| Turnover | 16.20% |
| Dividend (ttm) | 0.37 |
| Dividend Yield | 3.35% |
| Dividend Growth | 9.71% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Nov 28, 2025 |
| Previous Close | 11.19 |
| YTD Return | 2.62% |
| 1-Year Return | 0.75% |
| 5-Year Return | 3.54% |
| 52-Week Low | 10.36 |
| 52-Week High | 11.23 |
| Beta (5Y) | n/a |
| Holdings | 915 |
| Inception Date | Aug 8, 2012 |
About PAIMX
T. Rowe Price Summit Municipal Income Fund Advisor Class is an open-end mutual fund designed to provide investors with a high level of income that is generally exempt from federal income taxes. The fund primarily invests at least 80% of its assets in investment-grade municipal securities, which includes bonds rated within the four highest credit categories or deemed comparable by the fund’s advisor. Up to 20% of assets may be allocated to below investment-grade municipal bonds, which offer higher yields but also carry increased credit risk. Most holdings are expected to be in long-term municipal securities, with maturities exceeding ten years, making the fund sensitive to changes in interest rates. Managed by T. Rowe Price since its inception in 2012, the fund distributes dividends monthly and is suitable for investors with a longer time horizon who seek stable, tax-advantaged income. It invests across various sectors such as healthcare, transportation, and utilities, which may add diversification as well as sector-specific risks. The fund's mandate embraces both general obligation and revenue bonds, reflecting the diverse funding needs of state and local governments across the United States. The Advisor Class requires a relatively high minimum investment, underscoring its focus on committed investors seeking municipal bond exposure in their portfolios.
Performance
PAIMX had a total return of 0.75% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.46%.
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 |
|---|---|---|
| PRIMX | -i Class | 0.35% |
Top 10 Holdings
6.91% of assets| Name | Symbol | Weight |
|---|---|---|
| Cash Offsets For Shorts & Derivatives | n/a | 1.04% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 5.25% | NY.NYTTRN 5.25 12.31.2054 | 0.79% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75% | PR.PRCGEN 4.75 07.01.2053 | 0.78% |
| PUERTO RICO COMWLTH 0.00001% | PR.PRC 11.01.2051 | 0.67% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 5% | GA.MAIUTL 05.01.2055 | 0.66% |
| ILLINOIS FIN AUTH REV 2.75% | IL.ILSGEN 11.15.2037 | 0.63% |
| NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV 5% | NC.NCSTRN 5 01.01.2058 | 0.61% |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5.25% | NY.NYCGEN 5.25 05.01.2047 | 0.61% |
| NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5% | NY.NYSGEN 5 03.15.2051 | 0.61% |
| TEXAS MUN GAS ACQUISITION & SUPPLY CORP V GAS SUPPLY REV 5% | TX.TXSUTL 01.01.2055 | 0.52% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 28, 2025 | $0.0297 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03453 | Oct 31, 2025 |
| Sep 30, 2025 | $0.03032 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03435 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03236 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02994 | Jun 30, 2025 |