T. Rowe Price Tax Free Income Fund I Class (TFILX)
| Fund Assets | 2.31B |
| Expense Ratio | 0.35% |
| Min. Investment | $500,000 |
| Turnover | 25.80% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 3.75% |
| Dividend Growth | 8.64% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 9.46 |
| YTD Return | 1.29% |
| 1-Year Return | 5.26% |
| 5-Year Return | 5.56% |
| 52-Week Low | 8.59 |
| 52-Week High | 9.47 |
| Beta (5Y) | n/a |
| Holdings | 636 |
| Inception Date | Jul 6, 2017 |
About TFILX
T. Rowe Price Tax-Free Income Fund I Class is a municipal bond mutual fund designed to provide investors with a high level of income that is generally exempt from federal income taxes. The fund primarily invests in long-term, investment-grade municipal securities issued by state and local governments or their agencies across the United States. While the majority of its holdings are in securities rated within the four highest credit categories, the fund may allocate up to 10% of assets to below investment-grade bonds, allowing selective participation in higher-yielding segments of the municipal market. Noteworthy features include diversified exposure across geographic regions and municipal sectors, such as healthcare, transportation, and utilities. The fund actively manages its interest rate risk by adjusting portfolio duration according to prevailing market conditions, with a typical weighted average maturity greater than 15 years. By emphasizing credit research and risk management, the T. Rowe Price Tax-Free Income Fund I Class seeks to deliver stable, tax-exempt income and serves as a core holding for investors aiming to manage tax liabilities while accessing the municipal bond market’s income and diversification benefits.
Performance
TFILX had a total return of 5.26% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.93%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| PATAX | T. Rowe Price Tax-free Income Fund-advisor Class | 0.75% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.03029 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03449 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02717 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03174 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02786 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03263 | Aug 29, 2025 |