T. Rowe Price Summit Municipal Income Fund Investor Class (PRINX)
| Fund Assets | 2.62B |
| Expense Ratio | 0.45% |
| Min. Investment | $25,000 |
| Turnover | 30.10% |
| Dividend (ttm) | 0.42 |
| Dividend Yield | 3.69% |
| Dividend Growth | 8.29% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 11.34 |
| YTD Return | 2.65% |
| 1-Year Return | 7.78% |
| 5-Year Return | 2.69% |
| 52-Week Low | 10.69 |
| 52-Week High | 11.38 |
| Beta (5Y) | 0.29 |
| Holdings | 818 |
| 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 7.78% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.43%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.03519 | Jun 30, 2026 |
| May 29, 2026 | $0.03604 | May 29, 2026 |
| Apr 30, 2026 | $0.03515 | Apr 30, 2026 |
| Mar 31, 2026 | $0.03466 | Mar 31, 2026 |
| Feb 27, 2026 | $0.03254 | Feb 27, 2026 |
| Jan 30, 2026 | $0.0354 | Jan 30, 2026 |