T. Rowe Price New York Municipal Bond Fund (PRNYX)

Fund Assets	437.88M
Expense Ratio	0.53%
Min. Investment	$500,000
Turnover	36.70%
Dividend (ttm)	0.39
Dividend Yield	3.70%
Dividend Growth	7.06%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	10.59
YTD Return	0.12%
1-Year Return	5.38%
5-Year Return	0.76%
52-Week Low	10.34
52-Week High	10.92
Beta (5Y)	0.30
Holdings	288
Inception Date	Aug 28, 1986

About PRNYX

The T. Rowe Price New York Tax-Free Bond Fund is a municipal bond mutual fund designed to provide investors with a high level of income that is exempt from federal, New York state, and New York City income taxes. The fund primarily invests in investment-grade municipal bonds issued within New York, ensuring that at least 80% of its net assets are allocated to bonds meeting these tax-exemption criteria. With a focus on prudent portfolio management, it predominantly holds longer-duration securities, resulting in an average portfolio duration around 8 years and a weighted average maturity exceeding 10 years. The fund’s portfolio includes a mix of general obligation bonds, revenue bonds, and securities from sectors like health care, transportation, and utilities. Its tax-advantaged income makes it particularly relevant for New York residents seeking to minimize their tax burden. Established in 1986, the fund has become a key vehicle in the municipal bond market for investors targeting tax efficiency and stable income through exposure to New York’s diverse municipal issuers.

• Fund Family: T. Rowe Price
• Category: Muni New York Long
• Performance Rating: Above Average
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: PRNYX
• Index: Bloomberg Municipal Bond TR

Performance

PRNYX had a total return of 5.38% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.10%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
TRYIX	-i Class	0.43%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.03563	Jul 31, 2026
Jun 30, 2026	$0.03242	Jun 30, 2026
May 29, 2026	$0.03333	May 29, 2026
Apr 30, 2026	$0.03266	Apr 30, 2026
Mar 31, 2026	$0.03259	Mar 31, 2026
Feb 27, 2026	$0.0303	Feb 27, 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:

Aug 27, 2026

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