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 12/31/2014
Volatility and Other Measures
as of 12/31/2014
Beta 1.29
0.99
Standard Deviation 4.74
Credit Quality Diversification1
as of 12/31/2014
% of Total Net Assets
AAA 5.4%
AA 23.0%
A 46.0%
BBB 14.9%
BB 3.1%
B 1.5%
CCC 0.3%
D 0.0%
Not Rated 5.9%
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 12/31/2014
4.92 years
Weighted Avg. Maturity
as of 01/27/2015
16.87 years
10 Largest Holdings
Represents 9.41 % 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
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
MO ST JT ELEC UTIL COMM PWR PROJ 5.000 01/01/2033
NY DORM PERS INC TAX SR B 5.000 03/15/2032
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
PA ECON FING SLD WST DISP AMT SR A PUT .370 01/02/2015
TX ST PUB FIN UNEMPLOY SR B 4.000 01/01/2018
As of 12/31/2014 the Summit Municipal Income Fund had a total of 413 holdings.
Bond Maturity Diversification2
  as of 12/31/2014
% of Total Net Assets
0 - 1 YRS 4.4%
1 - 5 YRS 9.7%
5 - 10 YRS 9.3%
10 + YRS 76.6%
2Total may not equal 100% due to rounding.
Sector Diversification
as of 12/31/2014
% of Total Net Assets
Tax-Free Revenue 84.6%
Tax-Free Gen. Obligations 6.5%
Tax-Free US Government 6.4%
See Glossary for additional details on all data elements.