T. Rowe Price Summit Municipal Income Fund (PRINX)
Ticker Symbol:
PRINX
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Composition
Asset Allocation
as of 07/31/2016
Volatility and Other Measures
as of 07/31/2016
Beta 1.13
0.97
Standard Deviation 3.03
Credit Quality Diversification1
as of 07/31/2016
% of Total Net Assets
AAA 2.3%
AA 25.2%
A 44.9%
BBB 15.7%
BB 3.1%
B 1.3%
CCC 0.2%
D 0.0%
Not Rated 7.3%
1Sources: Moody's Investors Service; if Moody's does not rate a security, then Standard & Poor's (S&P) is used as a secondary source. When available, T. Rowe Price will use Fitch for securities that are not rated by Moody's or S&P. T. Rowe Price may deviate from this hierarchy for prerefunded securities, which are categorized using the most recent rating from Moody's, S&P, or Fitch when it reflects the issue's current prerefunded status.
Modified Duration to Worst
as of 07/31/2016
4.95 years
Weighted Avg. Maturity
as of 08/23/2016
17.08 years
Sector Diversification
as of 07/31/2016
% of Total Net Assets
Tax-Free Revenue 83.8%
Tax-Free US Government 9.0%
Tax-Free Gen. Obligations 7.0%
10 Largest Holdings
Represents 9.33 % of Total Net Assets
View Holdings as of:
Coupon % Maturity
ATLANTA GA DEV AUTH SNR LIEN REV SER A-1 5.250 07/01/2044
CALIFORNIA ST VAR PURP 4.000 09/01/2034
CO HLTH FACS AUTH CATHOLIC HLTH SR A 5.250 01/01/2045
DALLAS FORT WORTH ARP JT IMPT SR D AMT 5.000 11/01/2038
MD ST HHEFA UNI MD MED SYS SR A 5.000 07/01/2043
MD ST TRANS AUTH BWI ARPT PRJ AMT SR B 5.000 03/01/2027
MIAMI DADE CO FL FA UNIV MIAMI SER A 5.000 04/01/2040
NC ST MUNI PWR AGY #1 CATAWBA SR A 5.000 01/01/2028
NY ST LIBERTY DEV CORP 4 WTC PRJ 5.750 11/15/2051
PHILADELPHIA PA TEMPLE UNIV 2ND SER 2016 5.000 04/01/2034
As of 07/31/2016 the Summit Municipal Income Fund had a total of 453 holdings.
Bond Maturity Diversification2
  as of 07/31/2016
% of Total Net Assets
0 - 1 YRS 3.1%
1 - 5 YRS 10.8%
5 - 10 YRS 9.5%
10 + YRS 76.6%
2Total may not equal 100% due to rounding.
See Glossary for additional details on all data elements.