T. Rowe Price Summit Municipal Intermediate Fund (PRSMX)
Ticker Symbol:
PRSMX
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Snapshot
Quick Stats
Current NAV as of 06/18/2013 $11.73
NAV Change -$0.01
Daily YTD Return as of 06/18/2013 -0.65%
NAV 12 Month Low-High $11.72 - $12.14
Net Assets as of 04/30/2013 $2,448.73 Million
Morningstar Ratings1
as of 04/30/2013
Overall
3 Year
5 Year
10 Year
Morningstar rated the Summit Municipal Intermediate Fund among 228, 228, 197 and 146 Muni National Interm funds for the overall rating and the 3-, 5-, and 10-year periods (as applicable) ending 04/30/2013, respectively. Morningstar Ratings™ are based on risk-adjusted returns. The Overall Morningstar Rating™ is derived from a weighted average of the performance figures associated with a fund's 3-, 5-, and 10-year (if applicable) Morningstar Rating™ metrics.
Performance Comparison
as of 04/30/2013
This chart shows the value of a hypothetical $25,000 investment in the fund over the past 10 years or since its inception (for funds lacking 10-year records) compared with its benchmark. Lipper averages consist of all the mutual funds in a particular category; Lipper indexes consist of a small number (10 or 30) of the largest funds in a category.
*Summit funds require a $25,000 Minimum Investment.
Benchmark Definitions
1 For funds with at least a 3-year history, a Morningstar Rating™ is based on a risk-adjusted return measure (including the effects of sales charges, loads, and redemption fees) with emphasis on downward variations and consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% 4 stars, the next 35% 3 stars, the next 22.5% 2 stars, and the bottom 10% 1 star. Each share class is counted as a fraction of 1 fund within this scale and rated separately. Morningstar Rating™ is for the retail share class only; other classes may have different performance characteristics.
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Average Annual Total Returns and Benchmarks
as of 03/31/2013
Benchmark Definitions
Investment Objective
The fund seeks the highest level of income exempt from federal income taxes consistent with moderate price fluctuation.
30-Day Yield2
Annualized Dividend as of (06/18/2013) 2.79%
SEC Dividend as of (06/09/2013) 1.36%
Average Annual Total Returns3
  Month
End
05/31/2013 		Quarter
End
03/31/2013
1 Year 2.60% 4.70%
3 Years 4.70% 5.37%
5 Years 5.14% 5.45%
10 Years 4.12% 4.44%
Since Inception 5.03% 5.09%
Inception Date October 29, 1993
Expense Ratio as of 10/31/2012 0.50%
Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, yield and return will vary and you may have a gain or loss when you sell your shares.
2 The 30-day dividend yield represents the average daily dividends for the 30-day period, annualized and divided by the net asset values per share at the end of the period; it is available the first quarter after the fund's inception. The SEC standardized yield is computed under an SEC standardized formula and reflects an estimated yield to maturity (assuming all portfolio securities are held to maturity); it is available the first month after the fund's inception.
3 Average annual total return figures include changes in principal value, reinvested dividends, and capital gain distributions. For funds less than one year old, the Since Inception return figure is not annualized and represents an aggregate total return.
See Glossary for additional details on all data elements.