PRTAX: T. Rowe Price Tax Free Income Fund - MutualFunds.com

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T. Rowe Price Tax-Free Income Inv

PRTAX - Snapshot

Vitals

  • YTD Return 1.1%
  • 3 Yr Annualized Return 3.5%
  • 5 Yr Annualized Return 3.3%
  • Net Assets $2.67 B
  • Holdings in Top 10 7.8%

52 WEEK LOW AND HIGH

$10.36
$9.32
$10.55

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.53%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 10.60%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Long

Compare PRTAX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.79

-0.07%

$78.56 B

-

$0.00

2.21%

-

$11.24

0.00%

$32.48 B

-

$0.00

1.44%

-

$13.56

0.00%

$24.26 B

-

$0.00

1.73%

-

$15.94

0.00%

$20.00 B

-

$0.00

0.57%

-

$116.79

-0.08%

$18.20 B

-

-

2.55%

-

PRTAX - Profile

Distributions

  • YTD Total Return 1.1%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return 3.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.24%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    T. Rowe Price Tax Free Income Fund
  • Fund Family Name
    T. Rowe Price
  • Inception Date
    Oct 26, 1976
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Konstantine Mallas

Fund Description

Normally, at least 80% of the fund's income will be exempt from federal income taxes. Although the fund may purchase securities of any maturity, the fund generally seeks longer-term municipal securities. Most investments are in investment-grade securities, which are securities rated in one of the four highest credit rating categories by at least one major credit rating agency or, if unrated, deemed to be of comparable quality by T. Rowe Price.


PRTAX - Performance

Return Ranking - Trailing

Period PRTAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -6.7% 307.0% 54.99%
1 Yr 2.4% -5.4% 5.8% 46.66%
3 Yr 3.5%* -0.6% 8.2% 35.78%
5 Yr 3.3%* -0.3% 6.9% 31.88%
10 Yr 3.9%* -0.1% 8.1% 26.90%

* Annualized

Return Ranking - Calendar

Period PRTAX Return Category Return Low Category Return High Rank in Category (%)
2019 3.7% -0.3% 15.4% 49.62%
2018 -2.9% -10.3% 97.2% 79.12%
2017 1.4% -100.0% 7.6% 54.19%
2016 -3.3% -7.9% 96.8% 74.43%
2015 -0.7% -4.8% 3.0% 76.41%

Total Return Ranking - Trailing

Period PRTAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -6.7% 307.0% 54.99%
1 Yr 2.4% -8.3% 5.8% 32.34%
3 Yr 3.5%* -2.5% 8.2% 29.67%
5 Yr 3.3%* -1.5% 6.9% 27.09%
10 Yr 3.9%* -0.4% 8.1% 24.50%

* Annualized

Total Return Ranking - Calendar

Period PRTAX Return Category Return Low Category Return High Rank in Category (%)
2019 3.7% -0.3% 15.4% 51.03%
2018 -2.9% -10.3% 11.0% 80.57%
2017 1.4% -100.0% 7.6% 58.31%
2016 -3.3% -7.9% 3.0% 78.51%
2015 -0.7% -4.8% 4.0% 78.70%

NAV & Total Return History


PRTAX - Holdings

Concentration Analysis

PRTAX Category Low Category High PRTAX % Rank
Net Assets 2.67 B 611 K 78.6 B 13.46%
Number of Holdings 581 1 10805 19.26%
Net Assets in Top 10 208 M -199 M 3.97 B 20.38%
Weighting of Top 10 7.84% 2.5% 100.0% 89.42%

Top 10 Holdings

  1. MARYLAND ST STAD AUTH REV 5% 0.91%
  2. NEW YORK LIBERTY DEV CORP LIBERTY REV 5.75% 0.89%
  3. REGIONAL TRANSN AUTH ILL 6% 0.81%
  4. IDAHO HEALTH FACS AUTH REV 5% 0.80%
  5. MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5% 0.80%
  6. MIAMI-DADE CNTY FLA EDL FACS AUTH REV 5% 0.79%
  7. BROOKHAVEN GA DEV AUTH REV 4% 0.78%
  8. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 0.71%
  9. METROPOLITAN TRANSN AUTH N Y REV 5.25% 0.69%
  10. ALACHUA CNTY FLA HEALTH FACS AUTH HEALTH FACS REV 5% 0.68%

Asset Allocation

Weighting Return Low Return High PRTAX % Rank
Bonds
99.96% 0.00% 147.66% 23.07%
Cash
0.04% -47.66% 100.00% 72.64%
Stocks
0.00% 0.00% 1.80% 19.92%
Preferred Stocks
0.00% -0.98% 1.07% 15.82%
Other
0.00% -1.46% 12.83% 18.58%
Convertible Bonds
0.00% 0.00% 1.64% 16.22%

Bond Sector Breakdown

Weighting Return Low Return High PRTAX % Rank
Municipal
99.96% 0.00% 100.00% 18.36%
Cash & Equivalents
0.04% 0.00% 100.00% 76.86%
Derivative
0.00% 0.00% 2.16% 15.65%
Securitized
0.00% 0.00% 6.06% 17.29%
Corporate
0.00% 0.00% 12.97% 28.89%
Government
0.00% 0.00% 49.72% 20.21%

Bond Geographic Breakdown

Weighting Return Low Return High PRTAX % Rank
US
98.48% 0.00% 141.34% 31.70%
Non US
1.48% 0.00% 27.62% 39.41%

PRTAX - Expenses

Operational Fees

PRTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.53% 0.01% 4.23% 81.07%
Management Fee 0.44% 0.00% 1.10% 46.71%
12b-1 Fee N/A 0.00% 1.00% 5.47%
Administrative Fee N/A 0.01% 0.47% 73.57%

Sales Fees

PRTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

PRTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

PRTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 10.60% 0.00% 235.00% 15.56%

PRTAX - Distributions

Dividend Yield Analysis

PRTAX Category Low Category High PRTAX % Rank
Dividend Yield 0.00% 0.00% 3.55% 20.87%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PRTAX Category Low Category High PRTAX % Rank
Net Income Ratio 3.24% 0.00% 6.48% 11.53%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

PRTAX - Fund Manager Analysis

Managers

Konstantine Mallas


Start Date

Tenure

Tenure Rank

Jul 01, 2007

13.35

13.4%

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
0.02 35.61 7.61 2.84