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 12/31/2016
Volatility and Other Measures
as of 12/31/2016
Beta 1.06
0.99
Standard Deviation 3.03
Credit Quality Diversification1
as of 12/31/2016
% of Total Net Assets
AAA 10.6%
AA 42.7%
A 34.2%
BBB 7.7%
BB 1.8%
B 1.0%
D 0.0%
Not Rated 2.0%
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 12/31/2016
4.31 years
Weighted Avg. Maturity
as of 01/17/2017
8.80 years
Sector Diversification
as of 12/31/2016
% of Total Net Assets
Tax-Free Revenue 72.2%
Tax-Free Gen. Obligations 13.5%
Tax-Free US Government 9.6%
10 Largest Holdings
Represents 7.39 % of Total Net Assets
View Holdings as of:
Coupon % Maturity
CA ST GO 5.000 11/01/2027
NJ ST TRNPK AUTH SR A 5.000 01/01/2028
NY ST DORM SALES TAX REV SER A 5.000 03/15/2034
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 12/31/2016 the Summit Municipal Intermediate Fund had a total of 774 holdings.
Bond Maturity Diversification2
  as of 12/31/2016
% of Total Net Assets
0 - 1 YRS 10.0%
1 - 5 YRS 20.2%
5 - 10 YRS 22.2%
10 + YRS 47.6%
2Total may not equal 100% due to rounding.
See Glossary for additional details on all data elements.