T. Rowe Price Virginia Municipal Bond I (TFBVX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

10.62

+0.10 (0.95%)

At close: Oct 15, 2026

Fund Assets	1.41B
Expense Ratio	0.427%
Min. Investment	$500,000
Turnover	23.40%
Dividend (ttm)	0.39
Dividend Yield	3.69%
Dividend Growth	3.07%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	10.52
YTD Return	-3.96%
1-Year Return	-2.93%
5-Year Return	-2.48%
52-Week Low	10.34
52-Week High	11.36
Beta (5Y)	0.05
Holdings	412
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.

Fund Family T. Rowe Price

Category VA Municipal Debt

Performance Rating Above Average

Risk Rating Average

Stock Exchange Nasdaq

Ticker Symbol TFBVX

Share Class -i Class

Index Bloomberg Municipal Bond TR

Performance

TFBVX had a total return of -2.93% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.43%.

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03292	Sep 30, 2026
Aug 31, 2026	$0.03154	Aug 31, 2026
Jul 31, 2026	$0.03562	Jul 31, 2026
Jun 30, 2026	$0.03259	Jun 30, 2026
May 29, 2026	$0.03316	May 29, 2026
Apr 30, 2026	$0.032	Apr 30, 2026

Full Dividend History