T. Rowe Price Tax-Free Income Fund (PRTAX)
| Fund Assets | 2.31B |
| Expense Ratio | 0.41% |
| Min. Investment | $500,000 |
| Turnover | 25.80% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 3.70% |
| Dividend Growth | 9.12% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 9.47 |
| YTD Return | 1.28% |
| 1-Year Return | 5.20% |
| 5-Year Return | 5.22% |
| 52-Week Low | 8.60 |
| 52-Week High | 9.47 |
| Beta (5Y) | n/a |
| Holdings | 636 |
| Inception Date | Oct 26, 1976 |
About PRTAX
T. Rowe Price Tax-Free Income Fund is a mutual fund that primarily targets high levels of income exempt from U.S. federal income taxes by investing in long-term, investment-grade municipal securities. The fund’s strategy focuses on holding a broadly diversified portfolio, both geographically and across sectors, with a notable emphasis on high-quality municipal bonds and a weighted average maturity exceeding 15 years. While it may allocate up to 10% of assets to below investment-grade bonds, the fund’s core holdings are investment-grade, aiming to mitigate credit risk. Notably, the fund generally avoids bonds subject to the federal alternative minimum tax. Income from the fund is distributed monthly, with at least 80% typically exempt from federal taxes, and capital gains, if any, may be taxable. The fund’s holdings often span sectors such as healthcare, transportation, utilities, and infrastructure. Managed by a seasoned team, the T. Rowe Price Tax-Free Income Fund serves as a tool for investors seeking federally tax-free income through exposure to the municipal bond market, contributing liquidity and stability to the broader tax-exempt investment landscape.
Performance
PRTAX had a total return of 5.20% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.22%.
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 | $0.02987 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03405 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0268 | Nov 28, 2025 |
| Oct 31, 2025 | $0.0313 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02749 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03222 | Aug 29, 2025 |