About TTSIX
T. Rowe Price Tax-Free Short-Intermediate Fund I Class is a mutual fund that seeks to provide a high level of income exempt from federal income taxes, while maintaining modest price fluctuation. It invests primarily in short- and intermediate-term investment-grade municipal securities, with a weighted average maturity normally ranging from two to five years. The portfolio emphasizes sectors such as transportation, health care, state general obligations, local general obligations, and industrial development or pollution control revenue bonds. At least 80% of the fund's income is derived from tax-exempt municipal securities, though up to 20% may come from securities subject to the federal alternative minimum tax. Managed through fundamental research, the fund balances sector allocations, issuer selection, and duration management to pursue higher yields within a risk-conscious framework. This I Class share is designed for institutional and advisory investors seeking tax-efficient, low-volatility income in the municipal bond market.
Fund Family T. Rowe Price
Category Muni National Short
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol TTSIX
Share Class T. Rowe Price Tax-free Short-intermediate Fund-i Class
Index Bloomberg 1-5 Y Muni Blend (1-6) TR USD
TTSIX had a total return of 4.67% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.05%.
