T. Rowe Price Tax-Free Income Adv (PATAX)
| Fund Assets | 2.22B |
| Expense Ratio | 0.75% |
| Min. Investment | $500,000 |
| Turnover | 25.80% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.28% |
| Dividend Growth | 10.69% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.32 |
| YTD Return | -0.01% |
| 1-Year Return | -0.78% |
| 5-Year Return | 0.99% |
| 52-Week Low | 8.88 |
| 52-Week High | 9.63 |
| Beta (5Y) | 0.27 |
| Holdings | 619 |
| 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 -0.78% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.99%.
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% |
Top 10 Holdings
8.25% of assets| Name | Symbol | Weight |
|---|---|---|
| Cash Offsets For Shorts & Derivatives | n/a | 1.11% |
| CALIFORNIA HEALTH FACS FING AUTH REV 5% | CA.CASMED 5 11.01.2047 | 1.06% |
| NEW YORK ST TWY AUTH GEN REV JR INDBT OBLIGS 4% | NY.NYSTRN 4 01.01.2040 | 0.93% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75% | PR.PRCGEN 4.75 07.01.2053 | 0.83% |
| DENVER COLO CONVENTION CTR HOTEL AUTH REV 5% | CO.DENFAC 5 12.01.2040 | 0.78% |
| REGIONAL TRANSN AUTH ILL 6% | IL.REGTRN 6 07.01.2033 | 0.77% |
| CHICAGO ILL O HARE INTL ARPT REV 4.5% | IL.CHITRN 4.5 01.01.2056 | 0.71% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329% | PR.PRCGEN 4.33 07.01.2040 | 0.69% |
| COLUMBIA CNTY GA HOSP AUTH REV 5.75% | GA.CLHMED 5.75 04.01.2053 | 0.69% |
| OKLAHOMA TRANSN AUTH OK F/K/A OKLAHOMA ST TPK AUTH 5.5% | OK.OKSTRN 5.5 01.01.2053 | 0.67% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.02947 | Aug 29, 2025 |
| Jul 31, 2025 | $0.0267 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02499 | Jun 30, 2025 |
| May 30, 2025 | $0.02727 | May 30, 2025 |
| Apr 30, 2025 | $0.02571 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02471 | Mar 31, 2025 |