T. Rowe Price Core Municipal Bond I (TFILX)

Fund Assets	2.08B
Expense Ratio	0.361%
Min. Investment	$500,000
Turnover	31.40%
Dividend (ttm)	0.36
Dividend Yield	4.03%
Dividend Growth	4.79%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	8.92
YTD Return	-1.98%
1-Year Return	-1.64%
5-Year Return	0.58%
52-Week Low	8.72
52-Week High	9.53
Beta (5Y)	0.05
Holdings	641
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.

• Fund Family: T. Rowe Price
• Category: Muni National Long
• Performance Rating: High
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: TFILX
• Share Class: T. Rowe Price Tax-free Income Fund-i Class
• Index: Bloomberg Municipal Bond TR

Performance

TFILX had a total return of -1.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.79%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
VWALX	Vanguard	Vanguard High-Yield Tax-Exempt Adm	0.09%
VWLUX	Vanguard	Vanguard Long-Term Tax-Exempt Adm	0.09%

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	0.76%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03017	Sep 30, 2026
Aug 31, 2026	$0.02891	Aug 31, 2026
Jul 31, 2026	$0.03287	Jul 31, 2026
Jun 30, 2026	$0.0298	Jun 30, 2026
May 29, 2026	$0.0305	May 29, 2026
Apr 30, 2026	$0.02947	Apr 30, 2026

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 23, 2026

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