T. Rowe Price New York Tax-Free Bond Fund (PRNYX)
| Fund Assets | 443.29M |
| Expense Ratio | 0.53% |
| Min. Investment | $500,000 |
| Turnover | 36.70% |
| Dividend (ttm) | 0.39 |
| Dividend Yield | 3.57% |
| Dividend Growth | 6.61% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 10.87 |
| YTD Return | 2.46% |
| 1-Year Return | 7.97% |
| 5-Year Return | 2.64% |
| 52-Week Low | 10.22 |
| 52-Week High | 10.92 |
| Beta (5Y) | 0.30 |
| Holdings | 283 |
| 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.
Performance
PRNYX had a total return of 7.97% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.18%.
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 |
|---|---|---|
| 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 |
| Jan 30, 2026 | $0.03314 | Jan 30, 2026 |