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 09/30/2014
Volatility and Other Measures
as of 11/30/2014
Beta 1.27
0.99
Standard Deviation 4.83
Credit Quality Diversification1
as of 09/30/2014
% of Total Net Assets
AAA 6.7%
AA 22.6%
A 43.6%
BBB 16.6%
BB 3.4%
B 1.5%
CCC 0.3%
D 0.0%
Not Rated 5.4%
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 11/30/2014
5.00 years
Weighted Avg. Maturity
as of 12/16/2014
17.00 years
10 Largest Holdings
Represents 9.20 % 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
MIAMI-DADE CO FL AVIATION SER A-1 5.375 10/01/2035
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
TX ST PUB FIN UNEMPLOY SR B 4.000 01/01/2018
As of 09/30/2014 the Summit Municipal Income Fund had a total of 393 holdings.
Bond Maturity Diversification2
  as of 11/30/2014
% of Total Net Assets
0 - 1 YRS 4.0%
1 - 5 YRS 9.8%
5 - 10 YRS 9.2%
10 + YRS 76.9%
2Total may not equal 100% due to rounding.
Sector Diversification
as of 11/30/2014
% of Total Net Assets
Tax-Free Revenue 84.9%
Tax-Free Gen. Obligations 6.6%
Tax-Free US Government 6.4%
See Glossary for additional details on all data elements.