T. Rowe Price Virginia Tax Free Bond Fund I Class (TFBVX)
| Fund Assets | 1.39B |
| Expense Ratio | 0.42% |
| Min. Investment | $500,000 |
| Turnover | 19.10% |
| Dividend (ttm) | 0.38 |
| Dividend Yield | 3.41% |
| Dividend Growth | 2.23% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 11.23 |
| YTD Return | 0.74% |
| 1-Year Return | 3.64% |
| 5-Year Return | 4.15% |
| 52-Week Low | 10.24 |
| 52-Week High | 11.25 |
| Beta (5Y) | n/a |
| Holdings | 394 |
| Inception Date | Jul 6, 2017 |
About TFBVX
T. Rowe Price Virginia Tax-Free Bond Fund I Class is a municipal bond mutual fund focused on providing investors with a high level of income that is exempt from both federal and Virginia state income taxes. The fund primarily invests at least 80% of its assets in investment-grade Virginia municipal bonds, targeting longer-term securities with a weighted average maturity typically exceeding 10 years. It may also allocate a small portion to below investment-grade bonds and securities from sectors such as healthcare, transportation, and utilities, or other municipal securities when suitable Virginia bonds are seasonally scarce. The fund’s nondiversified structure allows it to concentrate holdings in select issuers or sectors more than diversified funds. Serving institutional investors, it aims to deliver stable, double tax-exempt income with monthly distributions. Its sizable asset base and cost-efficient fee structure, along with an experienced management team, underscore its significance for investors seeking tax-advantaged fixed income exposure within Virginia’s municipal market.
Performance
TFBVX had a total return of 3.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.39%.
Top 10 Holdings
12.32% of assets| Name | Symbol | Weight |
|---|---|---|
| METROPOLITAN WASH D C ARPTS AUTH DULLES TOLL RD REV 5% | DC.METAPT 5 10.01.2044 | 1.68% |
| FARMVILLE VA INDL DEV AUTH EDL FACS REV 5.375% | VA.FARIDA 5.38 07.01.2053 | 1.53% |
| VIRGINIA SMALL BUSINESS FING AUTH PRIVATE ACTIVITY REV 5% | VA.VASDEV 5 12.31.2056 | 1.41% |
| Cash Offsets For Shorts & Derivatives | n/a | 1.38% |
| VIRGINIA PORT AUTH COMWLTH PORT FD REV 5.25% | VA.VASTRN 5.25 07.01.2048 | 1.20% |
| HAMPTON RDS VA TRANSN ACCOUNTABILITY COMMN REV 5% | VA.HRDTRN 5 07.01.2048 | 1.15% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75% | PR.PRCGEN 4.75 07.01.2053 | 1.03% |
| VIRGINIA COLLEGE BLDG AUTH VA EDL FACS REV 5% | VA.VACHGR 5 03.01.2054 | 1.01% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329% | PR.PRCGEN 4.33 07.01.2040 | 0.99% |
| FAIRFAX CNTY VA SWR REV 5% | VA.FAIUTL 5 07.15.2046 | 0.93% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.03279 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03423 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02972 | Nov 28, 2025 |
| Oct 31, 2025 | $0.0348 | Oct 31, 2025 |
| Sep 30, 2025 | $0.03045 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03351 | Aug 29, 2025 |