T. Rowe Price Summit Municipal Money Market Fund (TRSXX)
Ticker Symbol:
TRSXX
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Compare
Compare Summit Municipal Money Market with up to three additional T. Rowe Price Funds
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This compare function provides pertinent data to help you make your investment decisions. But there are other factors you will want to consider in your decision, such as the length of time you wish to maintain your investment and the amount of risk you are willing to take in pursuit of your goals. This compare function allows you to compare funds based on performance history, risk statistics, etc. Please be aware that funds within the same category may differ in investment strategy, portfolio holdings and risk level. For this reason, you should not make your investment decision based solely on a comparison of funds' past performance.
 
Performance Comparison Chart
03/31/2014  
This chart shows the value of a hypothetical $10,000 investment in the fund over the past 10 years or since its inception (for funds lacking 10-year records).
Fund Performance
03/31/2014  
 
Summit Municipal Money Market
30-Day SEC Dividend Yield
N/A
30-Day SEC Dividend Yield as of date
 
7-Day Yield1
0.01%
7-Day Yield w/o Waiver
-0.28%
7-Day Yield as of date
04/17/2014
1 Year Average Annual Return
0.01%
3 Year Average Annual Return
0.01%
5 Year Average Annual Return
0.03%
10 Year Average Annual Return
1.12%
Since Inception Average Annual Return
1.90%
Fees and Expenses
03/31/2014  
 
Summit Municipal Money Market
Load?
No Load
Expense Ratio
0.45%
Expense Ratio As of Date
10/31/2013
12b-1 Fee (Annual Sales Service Fee)
0%
Redemption Fee
0%
Redemption Fee on Shares Held
N/A
General Information
03/31/2014  
 
Summit Municipal Money Market
Ticker Symbol
TRSXX
Fund Type
Money Market
Inception Date
10/29/1993
Morningstar Fund Category
Overall Morningstar Rating™*,2
N/A
Asset Allocation, % of Total Net Assets
03/31/2014  
 
Summit Municipal Money Market
Domestic Stock
N/A
Cash
100.0%
Convertibles
N/A
Domestic Bond
N/A
Foreign Stock
N/A
Foreign Bond
N/A
Options
N/A
Preferreds
N/A
Other
N/A
Net Assets ($M)
$188.65
Turnover Ratio
N/A
Fund Management
03/31/2014  
 
Summit Municipal Money Market
Fund Advisor(s)
T. Rowe Price Associates
Fund Manager
Joseph K. Lynagh, CFA
Fund Manager Tenure
24 Yrs.
Fund Inception Date
10/29/1993
Volatility
03/31/2014  
 
Summit Municipal Money Market
R-Squared
N/A
Beta
N/A
Standard Deviation
N/A
Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, yield, and return will vary and you may have a gain or loss when you sell your shares. For up-to-date standardized total returns, please click here.
The performance information shown does not reflect the deduction of redemption fees, if it did, the performance would be lower.
An investment in a money market fund is not insured or guaranteed by the FDIC or any other government agency. Although it seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in a money market fund.
*Morningstar Ratings™ are based on risk-adjusted returns. The Overall Morningstar Rating™ is derived from a weighted average of the performance figures associated with a fund's 3-, 5-, and 10-year (if applicable) Morningstar Rating™ metrics.
Average annual total return figures include changes in principal value, reinvested dividends, and capital gain distributions. For funds less than one year old, the Since Inception return figure is not annualized and represents an aggregate total return.
1The yield quotation more closely reflects the current earnings of the money market fund than the total return.
† In an effort to maintain a zero or positive net yield for the fund, T. Rowe Price has voluntarily waived all or a portion of the management fee it is entitled to receive from the fund. A fee waiver has the effect of increasing the fund's net yield. The 7-day yield without waiver represents what the yield would have been if we were not waiving our management fee. This voluntary waiver is in addition to any contractual expense ratio limitation in effect for the fund and may be amended or terminated at any time without prior notice. Please see the prospectus for more details.
2 For funds with at least a 3-year history, a Morningstar Rating™ is based on a risk-adjusted return measure (including the effects of sales charges, loads, and redemption fees) with emphasis on downward variations and consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% 4 stars, the next 35% 3 stars, the next 22.5% 2 stars, and the bottom 10% 1 star. Each share class is counted as a fraction of one fund within this scale and rated separately. Morningstar Rating™ is for the retail share class only; other classes may have different performance characteristics.
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