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 05/31/2016
Volatility and Other Measures
as of 05/31/2016
Beta 1.22
0.98
Standard Deviation 4.01
Credit Quality Diversification1
as of 05/31/2016
% of Total Net Assets
AAA 3.4%
AA 24.5%
A 44.6%
BBB 15.4%
BB 3.1%
B 1.2%
CCC 0.2%
D 0.0%
Not Rated 7.6%
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 05/31/2016
4.83 years
Weighted Avg. Maturity
as of 06/28/2016
16.94 years
Sector Diversification
as of 05/31/2016
% of Total Net Assets
Tax-Free Revenue 82.0%
Tax-Free US Government 9.3%
Tax-Free Gen. Obligations 7.1%
Miscellaneous 0.1%
10 Largest Holdings
Represents 9.04 % of Total Net Assets
View Holdings as of:
Coupon % Maturity
CALIFORNIA ST VAR PURP 4.000 09/01/2034
CLARK CO NV ARPT B 5.750 07/01/2042
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 05/31/2016 the Summit Municipal Income Fund had a total of 446 holdings.
Bond Maturity Diversification2
  as of 05/31/2016
% of Total Net Assets
0 - 1 YRS 3.9%
1 - 5 YRS 11.8%
5 - 10 YRS 9.4%
10 + YRS 74.9%
2Total may not equal 100% due to rounding.
See Glossary for additional details on all data elements.