Continue to site >
Trending ETFs
You have successfully subscribed to Advisor Access. Thank you!
Help us personalize your experience.
Which type of investor describes you best?
Help us personalize your experience.
What is your AUM?
Knowing your investable assets will help us build and prioritize features that will suit your investment needs.

Congratulations on personalizing your experience.

Email is verified. Thank you!

Name

As of 06/11/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

T. Rowe Price Summit Municipal Income Fund

PRINX | Fund

$11.26

$2.6 B

3.83%

$0.43

0.49%

Vitals

YTD Return

2.1%

1 yr return

7.6%

3 Yr Avg Return

4.2%

5 Yr Avg Return

0.8%

Net Assets

$2.6 B

Holdings in Top 10

6.9%

52 WEEK LOW AND HIGH

$11.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.49%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 23.80%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$25,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/11/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

T. Rowe Price Summit Municipal Income Fund

PRINX | Fund

$11.26

$2.6 B

3.83%

$0.43

0.49%

PRINX - Profile

Distributions

  • YTD Total Return 2.1%
  • 3 Yr Annualized Total Return 4.2%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.23%
DIVIDENDS
  • Dividend Yield 3.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    T. Rowe Price Summit Municipal Income Fund
  • Fund Family Name
    T. Rowe Price
  • Inception Date
    Oct 29, 1993
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Konstantine Mallas

Fund Description

The fund normally invests at least 80% of its total assets in investment-grade municipal securities, which are securities rated in one of the four highest rating categories by at least one credit rating agency or, if unrated, deemed by the adviser to be of comparable quality. The fund may invest up to 20% of its total assets in below investment-grade bonds, known as “junk” bonds, including those with the lowest credit ratings. While the fund may buy securities of any maturity, most of its investments are expected to be in long-term municipal securities (securities with maturities of more than 10 years).

Normally, at least 80% of the fund’s income will be exempt from federal income taxes. However, a significant portion of the fund’s income could be derived from securities subject to the alternative minimum tax.

Investment decisions generally reflect the portfolio manager’s outlook for interest rates and the economy, as well as the prices, yields, and credit quality of various securities in which the fund may invest.

From time to time, the fund may invest a significant portion of its assets in sectors with special risks, such as health care, transportation, utilities, or private activity bonds.

Read More

PRINX - Performance

Return Ranking - Trailing

Period PRINX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -0.8% 14.7% 20.75%
1 Yr 7.6% 2.0% 27.1% 13.58%
3 Yr 4.2%* 1.3% 22.4% 12.39%
5 Yr 0.8%* -3.6% 6.1% 37.47%
10 Yr 1.9%* 0.1% 250.3% 21.84%

* Annualized

Return Ranking - Calendar

Period PRINX Return Category Return Low Category Return High Rank in Category (%)
2025 -0.4% -26.4% 12.1% 75.17%
2024 -0.4% -5.5% 34.9% 20.88%
2023 4.1% -1.4% 41.0% 9.94%
2022 -13.3% -39.7% 0.3% 75.81%
2021 1.0% -5.6% 55.0% 9.74%

Total Return Ranking - Trailing

Period PRINX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -0.8% 14.7% 20.75%
1 Yr 7.6% 2.0% 27.1% 13.58%
3 Yr 4.2%* 1.3% 22.4% 12.39%
5 Yr 0.8%* -3.6% 6.1% 37.47%
10 Yr 1.9%* 0.1% 250.3% 21.84%

* Annualized

Total Return Ranking - Calendar

Period PRINX Return Category Return Low Category Return High Rank in Category (%)
2025 3.3% -2.1% 17.0% 66.96%
2024 2.9% -1.8% 34.9% 21.92%
2023 7.3% 2.1% 41.0% 16.44%
2022 -11.1% -39.7% 1.1% 75.28%
2021 3.2% -4.8% 23761504.0% 17.43%

NAV & Total Return History

PRINX - Holdings

Concentration Analysis

PRINX Category Low Category High PRINX % Rank
Net Assets 2.6 B 4.15 M 88.6 B 16.13%
Number of Holdings 863 4 15641 14.85%
Net Assets in Top 10 194 M -317 M 4.4 B 24.93%
Weighting of Top 10 6.93% 1.2% 130.7% 92.31%

Top 10 Holdings

  1. PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE 0.90%
  2. TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP 0.86%
  3. SAN FRANCISCO CITY COUNTY AIRPORT COMM-SAN FRANCISCO INTERNATIONAL AIRPORT 0.78%
  4. MAIN STREET NATURAL GAS INC 0.74%
  5. COMMONWEALTH OF PUERTO RICO 0.70%
  6. NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE 0.69%
  7. TEXAS MUNICIPAL GAS ACQUISITION SUPPLY CORP V 0.58%
  8. JEA WATER SEWER SYSTEM REVENUE 0.57%
  9. OKLAHOMA TURNPIKE AUTHORITY 0.56%
  10. TEXAS TRANSPORTATION FINANCE CORP 0.55%

Asset Allocation

Weighting Return Low Return High PRINX % Rank
Bonds 		100.39% 0.00% 150.86% 13.65%
Stocks 		0.00% 0.00% 100.20% 84.41%
Preferred Stocks 		0.00% 0.00% 0.07% 79.70%
Other 		0.00% -1.59% 51.23% 82.09%
Convertible Bonds 		0.00% 0.00% 0.93% 79.54%
Cash 		0.00% -50.86% 43.00% 95.07%

Bond Sector Breakdown

Weighting Return Low Return High PRINX % Rank
Municipal 		98.79% 44.39% 100.00% 42.35%
Derivative 		0.00% -0.35% 48.45% 86.79%
Cash & Equivalents 		0.00% 0.00% 43.00% 93.81%
Securitized 		0.00% 0.00% 5.93% 85.91%
Corporate 		0.00% 0.00% 9.41% 82.53%
Government 		0.00% 0.00% 52.02% 80.88%

Bond Geographic Breakdown

Weighting Return Low Return High PRINX % Rank
US 		100.39% 0.00% 135.36% 12.99%
Non US 		0.00% 0.00% 23.89% 81.27%

PRINX - Expenses

Operational Fees

PRINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.49% 0.03% 3.74% 82.56%
Management Fee 0.32% 0.00% 1.20% 21.77%
12b-1 Fee N/A 0.00% 1.00% 58.92%
Administrative Fee 0.15% 0.01% 0.44% 82.92%

Sales Fees

PRINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

PRINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PRINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 23.80% 0.00% 283.00% 69.13%

PRINX - Distributions

Dividend Yield Analysis

PRINX Category Low Category High PRINX % Rank
Dividend Yield 3.83% 0.00% 14.51% 32.29%

Dividend Distribution Analysis

PRINX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PRINX Category Low Category High PRINX % Rank
Net Income Ratio 2.23% -0.53% 5.32% 33.38%

Capital Gain Distribution Analysis

PRINX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

PRINX - Fund Manager Analysis

Managers

Konstantine Mallas

Start Date

Tenure

Tenure Rank

Feb 28, 1999

23.27

23.3%

Dino Mallas is a portfolio manager in the Fixed Income Division. Mr. Mallas is president and chairman of its Investment Advisory Committee. He is also executive vice president and chairman of the Investment Advisory Committee. Mr. Mallas is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc. He joined the firm in 1986 as a broker in the Discount Brokerage Department and, in 1991, transferred to the Municipal Department. Mr. Mallas began his fixed income responsibilities as a fixed income specialist and later transitioned into trading intermediate- and long-term state and national portfolios. He assumed portfolio management responsibilities in 1999. Mr. Mallas earned a B.S. from American University and an M.B.A. from Loyola University Maryland.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.27 1.58

Advertisement

×

Wait! Do you know all the important aspects of mutual funds?

×

Free Advisor Access newsletter emailed to you.

Receive free and exclusive email updates for financial advisors about best performers, news, CE accredited webcasts and more.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. The contents of this form are subject to the MutualFunds.com Privacy Policy. You can unsubscribe at any time.