T. Rowe Price Summit Municipal Intermediate Fund (PRSMX)
Ticker Symbol:
PRSMX
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 01/31/2015
Beta 1.11
0.99
Standard Deviation 3.09
Credit Quality Diversification1
as of 12/31/2014
% of Total Net Assets
AAA 12.4%
AA 42.5%
A 32.8%
BBB 8.5%
BB 1.2%
B 0.7%
D 0.0%
Not Rated 1.9%
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 01/31/2015
4.46 years
Weighted Avg. Maturity
as of 02/24/2015
8.67 years
10 Largest Holdings
Represents 7.53 % of Total Net Assets
View Holdings as of:
Coupon % Maturity
CA ST GO 5.000 11/01/2027
MASSACHUSETTS ST SR F 5.000 11/01/2024
NJ ST TRNPK AUTH SR A 5.000 01/01/2028
NY ST DORM AUTH ST PERS INC TAX SR A 5.000 03/15/2027
NY ST TWY AUTH JR SER A 5.000 05/01/2019
PHILADELPHIA PA ARPT D AMT 5.250 06/15/2024
TRIBORO BRDG & TNL REV SR B 5.000 11/15/2026
TX MUN GAS ACQ & SUPPLY SR LIEN D 6.250 12/15/2026
TX MUNI GAS ACQ & SPLY CORP III 5.000 12/15/2028
TX ST TRANS COMMN 1ST TIER PRE 5.000 04/01/2026
As of 12/31/2014 the Summit Municipal Intermediate Fund had a total of 728 holdings.
Bond Maturity Diversification2
  as of 01/31/2015
% of Total Net Assets
0 - 1 YRS 6.8%
1 - 5 YRS 25.6%
5 - 10 YRS 22.6%
10 + YRS 45.0%
2Total may not equal 100% due to rounding.
Sector Diversification
as of 01/31/2015
% of Total Net Assets
Tax-Free Revenue 74.0%
Tax-Free Gen. Obligations 15.6%
Tax-Free US Government 6.8%
See Glossary for additional details on all data elements.