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 06/30/2015
Volatility and Other Measures
as of 07/31/2015
Beta 1.26
0.98
Standard Deviation 4.50
Credit Quality Diversification1
as of 06/30/2015
% of Total Net Assets
AAA 5.9%
AA 24.4%
A 43.8%
BBB 14.8%
BB 3.2%
B 1.4%
CCC 0.2%
D 0.0%
Not Rated 6.3%
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 07/31/2015
4.79 years
Weighted Avg. Maturity
as of 09/01/2015
15.76 years
10 Largest Holdings
Represents 8.80 % of Total Net Assets
View Holdings as of:
Coupon % Maturity
CLARK CO NV ARPT B 5.750 07/01/2042
CO HLTH FACS AUTH CATHOLIC HLTH SR A 5.250 01/01/2045
CO ST HLTH CATHOLIC HLTH SER A 5.250 01/01/2040
MD ST HHEFA UNI MD MED SYS SR A 5.000 07/01/2043
MD ST HLTH & HGR ED MEDSTAR HLTH 5.000 08/15/2033
MD ST TRANS AUTH BWI ARPT PRJ AMT SR B 5.000 03/01/2027
MO ST JT ELEC UTIL COMM PWR PROJ 5.000 01/01/2033
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
NY ST TWY AUTH JR SER A 5.000 05/01/2019
As of 08/31/2015 the Summit Municipal Income Fund had a total of 433 holdings.
Bond Maturity Diversification2
  as of 07/31/2015
% of Total Net Assets
0 - 1 YRS 6.0%
1 - 5 YRS 11.9%
5 - 10 YRS 8.3%
10 + YRS 73.9%
2Total may not equal 100% due to rounding.
Sector Diversification
as of 07/31/2015
% of Total Net Assets
Tax-Free Revenue 81.9%
Tax-Free US Government 8.3%
Tax-Free Gen. Obligations 6.2%
See Glossary for additional details on all data elements.