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  • T. Rowe Price Tax-Free Income Fund (PRTAX)
    Ticker Symbol:
    PRTAX
    Fund Status:
    Open to new Retail investors  /  Open to subsequent Retail investments
    Fund Objective
    Quick Stats
    Fiscal Year End  February
    Morningstar Category  Muni National Long
    Inception Date 10/26/1976
    Tax ID 52-1067817
    Investment Objective
    The fund's objective is to seek a high level of income exempt from federal income taxes by investing primarily in long-term, investment-grade municipal securities.
    Strategy
    Invests primarily in long-term, investment-grade municipal securities; the fundís weighted average maturity is expected to exceed 10 years.
    Investor Profile
    Investors whose income tax level enables them to benefit from tax-exempt income. Not appropriate for tax-deferred retirement plans, such as IRAs. Some income may be subject to state and local taxes.
    Availability
    All States
    Risk/Reward Potential*
    Click on the risk/reward spectrum below to view the funds in that category
    Highest
    Higher
    Moderate
    Lower
    Lowest
    Moderately aggressive investors have the opportunity for an attractive level of federal tax-free income through this investment-grade bond fund. The fundís focus on longer-term bonds means it offers higher income potential than shorter-term, federal tax-free funds but with greater price volatility.

    Yield and share price will vary with interest rate changes. Investors should note that if interest rates rise significantly from current levels, bond fund total returns will decline and may even turn negative in the short term. There is also a chance that one of the fundís holdings will have its credit rating downgraded or will default.
    *Funds are placed in general risk/return categories based on their past performance or, for newer funds, the performance of the types of securities in which they invest. There is no assurance past trends will continue.
    See Glossary for additional details on all data elements.