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 03/31/2014
Volatility and Other Measures
as of 03/31/2014
Beta 1.09
0.98
Standard Deviation 3.37
Credit Quality Diversification1
as of 03/31/2014
% of Total Net Assets
AAA 14.4%
AA 39.2%
A 34.5%
BBB 8.8%
BB 1.2%
B 0.2%
D 0.0%
Not Rated 1.8%
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 03/31/2014
4.35 years
Weighted Avg. Maturity
as of 04/22/2014
8.46 years
10 Largest Holdings
Represents 8.20 % 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 TWY AUTH JR SER A 5.000 05/01/2019
NYC SR I 5.000 08/01/2020
PHILA PA ARPT REV D AMT 5.250 06/15/2023
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 ST TRANS COMMN 1ST TIER 5.000 04/01/2026
VA CMWTH TRANS US ROUTE 58 SER B 5.000 05/15/2018
As of 03/31/2014 the Summit Municipal Intermediate Fund had a total of 642 holdings.
Bond Maturity Diversification2
  as of 03/31/2014
% of Total Net Assets
0 - 1 YRS 10.1%
1 - 5 YRS 22.8%
5 - 10 YRS 24.3%
10 + YRS 42.8%
2Total may not equal 100% due to rounding.
Sector Diversification
as of 03/31/2014
% of Total Net Assets
Tax-Free Revenue 73.7%
Tax-Free Gen. Obligations 13.9%
Tax-Free US Government 4.9%
See Glossary for additional details on all data elements.