T. Rowe Price Virginia Tax Free Bond I (TFBVX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
10.77
+0.03 (0.28%)
Aug 22, 2025, 9:30 AM EDT
0.28%
Fund Assets1.29B
Expense Ratio0.42%
Min. Investment$500,000
Turnover19.10%
Dividend (ttm)0.38
Dividend Yield3.51%
Dividend Growth3.60%
Payout FrequencyMonthly
Ex-Dividend DateJul 31, 2025
Previous Close10.74
YTD Return-3.49%
1-Year Return-3.16%
5-Year Return-1.87%
52-Week Low10.55
52-Week High11.48
Beta (5Y)n/a
Holdings372
Inception DateJul 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.

Fund Family T. Rowe Price
Category Muni Single State Long
Stock Exchange NASDAQ
Ticker Symbol TFBVX
Share Class -i Class
Index Bloomberg Municipal Bond TR

Performance

TFBVX had a total return of -3.16% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.30%.

Top 10 Holdings

12.89% of assets
NameSymbolWeight
HAMPTON RDS VA TRANSN ACCOUNTABILITY COMMN REV 5%VA.HRDTRN 5 07.01.20482.08%
METROPOLITAN WASH D C ARPTS AUTH ARPT SYS REV 5%DC.METAPT 5 10.01.20461.61%
METROPOLITAN WASH D C ARPTS AUTH DULLES TOLL RD REV 5%DC.METAPT 5 10.01.20441.39%
VIRGINIA PORT AUTH COMWLTH PORT FD REV 5.25%VA.VASTRN 5.25 07.01.20481.26%
VIRGINIA SMALL BUSINESS FING AUTH PRIVATE ACTIVITY REV 5%VA.VASDEV 5 12.31.20561.20%
FARMVILLE VA INDL DEV AUTH EDL FACS REV 5.375%VA.FARIDA 5.38 07.01.20531.20%
PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75%PR.PRCGEN 4.75 07.01.20531.08%
VIRGINIA COLLEGE BLDG AUTH VA EDL FACS REV 5%VA.VACHGR 5 03.01.20541.06%
VIRGINIA SMALL BUSINESS FING AUTH REV 4%VA.VASDEV 4 01.01.20481.04%
VIRGINIA SMALL BUSINESS FING AUTH REV 5%VA.VASDEV 5 12.31.20570.98%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Jul 31, 2025$0.03234Jul 31, 2025
Jun 30, 2025$0.03058Jun 30, 2025
May 30, 2025$0.03358May 30, 2025
Apr 30, 2025$0.03178Apr 30, 2025
Mar 31, 2025$0.03039Mar 31, 2025
Feb 28, 2025$0.02892Feb 28, 2025
Full Dividend History