T. Rowe Price Summit Municipal Income Fund Investor Class (PRINX)
| Fund Assets | 2.80B |
| Expense Ratio | 0.45% |
| Min. Investment | $25,000 |
| Turnover | 30.10% |
| Dividend (ttm) | 0.41 |
| Dividend Yield | 3.60% |
| Dividend Growth | 8.04% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 11.30 |
| YTD Return | 1.30% |
| 1-Year Return | 4.97% |
| 5-Year Return | 4.61% |
| 52-Week Low | 10.27 |
| 52-Week High | 11.31 |
| Beta (5Y) | 0.30 |
| Holdings | 900 |
| Inception Date | Oct 29, 1993 |
About PRINX
T. Rowe Price Summit Municipal Income Fund Investor Class is a municipal bond mutual fund focused on providing 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 bonds, ranging from AAA to BBB credit quality, helping mitigate credit risk while aiming for attractive tax-advantaged yields. It may allocate up to 20% of assets to non-investment-grade bonds for additional yield potential. The portfolio's weighted average maturity typically exceeds 15 years, positioning it firmly within the national long-term municipal debt category. The fund is designed for investors seeking higher income than what money market or shorter-term bond funds typically offer, acknowledging that this comes with greater share price volatility due to interest rate and municipal market risks. Managed by T. Rowe Price, it maintains a comparatively low expense ratio and is suited for individuals with a long-term investment horizon who can tolerate fluctuations in bond values. The fund also distributes income monthly and provides exposure to a diversified pool of U.S. municipal issuers, adding a tax-efficient fixed income component to investor portfolios.
Performance
PRINX had a total return of 4.97% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.56%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.0354 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03693 | Dec 31, 2025 |
| Nov 28, 2025 | $0.03186 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03706 | Oct 31, 2025 |
| Sep 30, 2025 | $0.03252 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03672 | Aug 29, 2025 |