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 10/31/2016
Volatility and Other Measures
as of 10/31/2016
Beta 1.08
0.97
Standard Deviation 2.17
Credit Quality Diversification1
as of 10/31/2016
% of Total Net Assets
AAA 7.4%
AA 45.9%
A 33.8%
BBB 8.1%
BB 1.7%
B 1.1%
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 10/31/2016
4.48 years
Weighted Avg. Maturity
as of 11/29/2016
8.83 years
Sector Diversification
as of 10/31/2016
% of Total Net Assets
Tax-Free Revenue 74.6%
Tax-Free Gen. Obligations 14.3%
Tax-Free US Government 10.0%
10 Largest Holdings
Represents 7.91 % 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 11/30/2016 the Summit Municipal Intermediate Fund had a total of 762 holdings.
Bond Maturity Diversification2
  as of 10/31/2016
% of Total Net Assets
0 - 1 YRS 6.8%
1 - 5 YRS 20.7%
5 - 10 YRS 21.5%
10 + YRS 51.0%
2Total may not equal 100% due to rounding.
See Glossary for additional details on all data elements.