T. Rowe Price Core Municipal Bond Fund Advisor Class (PATAX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

9.27

-0.01 (-0.11%)

At close: Aug 21, 2026

2.43% (1Y)

Fund Assets	2.28B
Expense Ratio	0.76%
Min. Investment	$500,000
Turnover	31.40%
Dividend (ttm)	0.33
Dividend Yield	3.52%
Dividend Growth	7.71%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	9.28
YTD Return	0.15%
1-Year Return	5.46%
5-Year Return	0.49%
52-Week Low	9.03
52-Week High	9.54
Beta (5Y)	0.28
Holdings	655
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.

Fund Family T. Rowe Price

Category Muni National Long

Performance Rating Average

Risk Rating Below Average

Stock Exchange NASDAQ

Ticker Symbol PATAX

Share Class T. Rowe Price Tax-free Income Fund-advisor Class

Index Bloomberg Municipal Bond TR

Performance

PATAX had a total return of 5.46% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.06%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
VWALX	Vanguard	Vanguard High-Yield Tax-Exempt Adm	0.09%
VWLUX	Vanguard	Vanguard Long-Term Tax-Exempt Adm	0.09%

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	0.36%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.02955	Jul 31, 2026
Jun 30, 2026	$0.02624	Jun 30, 2026
May 29, 2026	$0.02684	May 29, 2026
Apr 30, 2026	$0.02601	Apr 30, 2026
Mar 31, 2026	$0.0273	Mar 31, 2026
Feb 27, 2026	$0.0246	Feb 27, 2026

Full Dividend History