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 06/30/2016
Volatility and Other Measures
as of 06/30/2016
Beta 1.10
0.98
Standard Deviation 2.35
Credit Quality Diversification1
as of 06/30/2016
% of Total Net Assets
AAA 7.0%
AA 45.6%
A 34.0%
BBB 8.4%
BB 1.6%
B 1.2%
D 0.0%
Not Rated 2.1%
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 06/30/2016
4.54 years
Weighted Avg. Maturity
as of 07/26/2016
9.07 years
Sector Diversification
as of 06/30/2016
% of Total Net Assets
Tax-Free Revenue 77.8%
Tax-Free Gen. Obligations 14.2%
Tax-Free US Government 7.3%
10 Largest Holdings
Represents 7.84 % 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 TWY AUTH JR SER A 5.000 05/01/2019
NY ST UDC REV ST PERS INC TAX SER A 5.000 03/15/2021
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
UNIV CA REV LTD PRJ SR G 5.000 05/15/2037
As of 06/30/2016 the Summit Municipal Intermediate Fund had a total of 734 holdings.
Bond Maturity Diversification2
  as of 06/30/2016
% of Total Net Assets
0 - 1 YRS 3.8%
1 - 5 YRS 21.9%
5 - 10 YRS 22.0%
10 + YRS 52.4%
2Total may not equal 100% due to rounding.
See Glossary for additional details on all data elements.