T. Rowe Price Tax-Free Income Fund (PRTAX)
| Fund Assets | 2.31B |
| Expense Ratio | 0.41% |
| Min. Investment | $500,000 |
| Turnover | 31.40% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 3.75% |
| Dividend Growth | 7.46% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 9.48 |
| YTD Return | 2.64% |
| 1-Year Return | 7.89% |
| 5-Year Return | 3.12% |
| 52-Week Low | 8.96 |
| 52-Week High | 9.53 |
| Beta (5Y) | 0.06 |
| Holdings | 647 |
| 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 7.89% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.63%.
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 | $0.02952 | Jun 30, 2026 |
| May 29, 2026 | $0.03021 | May 29, 2026 |
| Apr 30, 2026 | $0.02934 | Apr 30, 2026 |
| Mar 31, 2026 | $0.0291 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02723 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02987 | Jan 30, 2026 |