T. Rowe Price Virginia Municipal Bond Fund (PRVAX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

11.04

-0.01 (-0.09%)

Aug 27, 2026, 8:10 AM EST

2.51% (1Y)

Fund Assets	1.49B
Expense Ratio	0.56%
Min. Investment	$500,000
Turnover	23.40%
Dividend (ttm)	0.38
Dividend Yield	3.40%
Dividend Growth	3.17%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	11.05
YTD Return	0.14%
1-Year Return	5.42%
5-Year Return	-0.12%
52-Week Low	10.77
52-Week High	11.36
Beta (5Y)	0.30
Holdings	411
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.

Fund Family T. Rowe Price

Category Muni Single State Long

Performance Rating Above Average

Risk Rating Above Average

Stock Exchange NASDAQ

Ticker Symbol PRVAX

Index Bloomberg Municipal Bond TR

Performance

PRVAX had a total return of 5.42% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.29%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
TFBVX	-i Class	0.43%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.03433	Jul 31, 2026
Jun 30, 2026	$0.03099	Jun 30, 2026
May 29, 2026	$0.03142	May 29, 2026
Apr 30, 2026	$0.03045	Apr 30, 2026
Mar 31, 2026	$0.03108	Mar 31, 2026
Feb 27, 2026	$0.02879	Feb 27, 2026

Full Dividend History