About TTSIX
T. Rowe Price Tax-Free Short-Intermediate Fund I Class is a municipal bond mutual fund designed to provide a high level of income that is exempt from federal income taxes, while seeking to maintain modest price fluctuation. The fund primarily invests in **short- and intermediate-term investment-grade municipal securities**, generally with maturities under ten years and a typical weighted average maturity between two and five years. Its portfolio focuses on bonds rated in the four highest credit rating categories or deemed of comparable quality, emphasizing capital preservation and credit quality within the tax-exempt market. The strategy uses active management, grounded in fundamental credit research, sector allocation, and duration management to balance yield and interest rate risk. The fund may allocate assets across sectors such as health care, transportation, utilities, and private activity bonds, reflecting the breadth of the U.S. municipal market. Positioned within the short-intermediate municipal category, T. Rowe Price Tax-Free Short-Intermediate Fund I Class plays a role as a tax-efficient fixed income option for investors seeking federally tax-exempt income and relatively lower interest rate sensitivity compared with longer-duration municipal bond funds.
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 5.42% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.05%.
