T. Rowe Price Intermediate High Yield Municipal Bond Fund (PRIHX)

Fund Assets	198.88M
Expense Ratio	0.454%
Min. Investment	$500,000
Turnover	11.40%
Dividend (ttm)	0.39
Dividend Yield	4.03%
Dividend Growth	6.29%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.58
YTD Return	-1.00%
1-Year Return	0.19%
5-Year Return	4.72%
52-Week Low	9.46
52-Week High	10.13
Beta (5Y)	0.09
Holdings	612
Inception Date	Jul 24, 2014

About PRIHX

T. Rowe Price Intermediate Tax‑Free High Yield Fund is an open‑end municipal bond fund focused on delivering a high level of income that is exempt from federal income taxes. The strategy primarily targets intermediate‑term municipal securities and normally invests at least 80% of net assets in bonds whose interest is federally tax‑free, while generally emphasizing higher‑yielding, below‑investment‑grade issues. The portfolio typically maintains a weighted average effective maturity of three to ten years, balancing income generation with moderate interest‑rate sensitivity. The fund may allocate to sectors such as health care, transportation, utilities, leasing, and private activity bonds, and can invest a limited portion in defaulted bonds within stated constraints. Managed by T. Rowe Price’s municipal team, the vehicle seeks diversified exposure across revenue and general obligation bonds and may include securities subject to the alternative minimum tax for a minority of income. With an intermediate duration profile and high yield muni orientation, the fund serves investors seeking tax‑advantaged income from municipal credit while occupying a niche between short‑duration tax‑free funds and long‑duration high yield muni strategies.

• Fund Family: T. Rowe Price
• Category: High Yield Muni
• Performance Rating: Above Average
• Risk Rating: Low
• Stock Exchange: Nasdaq
• Ticker Symbol: PRIHX
• Index: Index is not available on Lipper Database

Performance

PRIHX had a total return of 0.19% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.63%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
TFHAX	-i Class	0.41%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03251	Sep 30, 2026
Aug 31, 2026	$0.03117	Aug 31, 2026
Jul 31, 2026	$0.03504	Jul 31, 2026
Jun 30, 2026	$0.03242	Jun 30, 2026
May 29, 2026	$0.03298	May 29, 2026
Apr 30, 2026	$0.03203	Apr 30, 2026

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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