T. Rowe Price Tax-Free Income Fund Advisor Class (PATAX)
| Fund Assets | 2.31B |
| Expense Ratio | 0.75% |
| Min. Investment | $500,000 |
| Turnover | 25.80% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.36% |
| Dividend Growth | 9.97% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 9.47 |
| YTD Return | 1.25% |
| 1-Year Return | 4.83% |
| 5-Year Return | 3.48% |
| 52-Week Low | 8.62 |
| 52-Week High | 9.48 |
| Beta (5Y) | 0.29 |
| Holdings | 636 |
| Inception Date | Oct 26, 1976 |
About PATAX
T. Rowe Price Tax-Free Income Fund Advisor Class is an open-end mutual fund focused on generating a high level of income that is exempt from federal income taxes. The fund primarily invests in long-term, investment-grade municipal securities, targeting a weighted average maturity greater than 15 years and adjusting portfolio duration in response to changing interest rate environments. It employs a broad diversification approach, allocating assets geographically and across various sectors while emphasizing high-quality bond holdings. The fund typically avoids securities subject to the alternative minimum tax, maintaining an average duration near seven years and a substantial allocation to municipal bonds. Its role in the financial market is to serve as a core tax-advantaged fixed income holding for investors seeking federally tax-exempt income while maintaining a focus on credit quality and interest rate management within the municipal bond segment.
Performance
PATAX had a total return of 4.83% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.05%.
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 |
|---|---|---|
| TFILX | T. Rowe Price Tax-free Income Fund-i Class | 0.35% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.02714 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03127 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02433 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02839 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02494 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02947 | Aug 29, 2025 |