T. Rowe Price Virginia Tax-Free Bond Fund (PRVAX)
| Fund Assets | 1.41B |
| Expense Ratio | 0.55% |
| Min. Investment | $500,000 |
| Turnover | 19.10% |
| Dividend (ttm) | 0.37 |
| Dividend Yield | 3.26% |
| Dividend Growth | 2.17% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 11.29 |
| YTD Return | 1.27% |
| 1-Year Return | 4.71% |
| 5-Year Return | 3.73% |
| 52-Week Low | 10.25 |
| 52-Week High | 11.29 |
| Beta (5Y) | 0.32 |
| Holdings | 394 |
| Inception Date | Apr 30, 1991 |
About PRVAX
T. Rowe Price Virginia Tax-Free Bond Fund is a municipal bond mutual fund designed to provide investors with income exempt from both federal and Virginia state income taxes. Its primary function is to invest at least 80% of its net assets in investment-grade municipal bonds issued within Virginia, focusing on securities rated in one of the four highest credit categories or equivalents assessed by the adviser. The fund maintains a portfolio concentrated in sectors such as healthcare, transportation, and utilities, and may invest up to 10% in lower-quality bonds. While the fund typically seeks longer-term maturities, it possesses a weighted average maturity of over 18 years and an effective duration around 7.7 years. Managed by T. Rowe Price Associates since its inception in 1991, the fund seeks to offer tax-advantaged fixed-income exposure for residents of Virginia. It plays a significant role in the state-specific municipal bond market and is often considered by investors seeking tax-efficient income and diversification within the municipal fixed income sector.
Performance
PRVAX had a total return of 4.71% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.80%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| TFBVX | -i Class | 0.42% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.03159 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03296 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02859 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03352 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02928 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03229 | Aug 29, 2025 |