T. Rowe Price Summit Municipal Intermediate Fund I Class (PRTMX)
| Fund Assets | 4.93B |
| Expense Ratio | 0.29% |
| Min. Investment | $500,000 |
| Turnover | 23.60% |
| Dividend (ttm) | 0.38 |
| Dividend Yield | 3.31% |
| Dividend Growth | 10.97% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2026 |
| Previous Close | 11.39 |
| YTD Return | -0.09% |
| 1-Year Return | 4.58% |
| 5-Year Return | 4.74% |
| 52-Week Low | 10.89 |
| 52-Week High | 11.65 |
| Beta (5Y) | n/a |
| Holdings | 899 |
| Inception Date | Mar 1, 2019 |
About PRTMX
T. Rowe Price Summit Municipal Intermediate Fund I Class is an actively managed municipal bond mutual fund focused on generating income that is exempt from federal income taxes while maintaining moderate price fluctuation. The fund primarily invests in investment‑grade, tax‑exempt municipal securities, typically targeting a weighted average effective maturity between three and ten years to balance interest rate sensitivity and income generation. It tracks its results against the Bloomberg Municipal 1–15 Year Blend (1–17) Bond Index as a reference benchmark and emphasizes diversified exposure across state and local issuers, including general obligation, revenue, and essential‑service bonds. Key characteristics recently reported include a modified duration to worst near five years and a sizable asset base, underscoring its scale within the national intermediate muni category. The I Class structure is designed for institutional or large‑balance investors with a lower expense profile relative to the fund’s investor class. The strategy seeks to provide federally tax‑exempt income within an intermediate interest‑rate posture, complemented by disciplined credit research and broad portfolio diversification across hundreds of holdings.
Performance
PRTMX had a total return of 4.58% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.02%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VWIUX | Vanguard | Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares | 0.09% |
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| PAIFX | -advisor Class | 0.65% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 27, 2026 | $0.02925 | Feb 27, 2026 |
| Jan 30, 2026 | $0.03202 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03412 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02916 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03418 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02993 | Sep 30, 2025 |