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 10/31/2016
Volatility and Other Measures
as of 10/31/2016
Beta 1.09
0.96
Standard Deviation 2.69
Credit Quality Diversification1
as of 10/31/2016
% of Total Net Assets
AAA 4.8%
AA 27.7%
A 42.0%
BBB 15.7%
BB 2.6%
B 1.1%
CCC 0.1%
D 0.0%
Not Rated 5.8%
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 10/31/2016
4.89 years
Weighted Avg. Maturity
as of 11/29/2016
17.20 years
Sector Diversification
as of 10/31/2016
% of Total Net Assets
Tax-Free Revenue 82.5%
Tax-Free US Government 8.4%
Tax-Free Gen. Obligations 6.4%
10 Largest Holdings
Represents 9.49 % 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
CA ST HLTH FAC SUTTER HLTH SR A 5.000 08/15/2052
CA ST HLTH FACS PROVIDENCE ST JOS SER A 4.000 10/01/2047
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
GAINESVILLE & HALL GA NE HLTH A 5.250 08/15/2049
MIAMI DADE CO FL FA UNIV MIAMI SER A 5.000 04/01/2040
MTA HUDSON RAIL YRD TRUST OB REV SER A 5.000 11/15/2046
NY ST LIBERTY DEV CORP 4 WTC PRJ 5.750 11/15/2051
As of 11/30/2016 the Summit Municipal Income Fund had a total of 472 holdings.
Bond Maturity Diversification2
  as of 10/31/2016
% of Total Net Assets
0 - 1 YRS 5.4%
1 - 5 YRS 9.9%
5 - 10 YRS 8.0%
10 + YRS 76.8%
2Total may not equal 100% due to rounding.
See Glossary for additional details on all data elements.