T. Rowe Price Tax Free Income I
- TFILX
- Price as of: Jan 22, 2021
-
$10.45
N/A N/A
- Primary Theme
- Municipal Bond
- Fund Company
- T. Rowe Price
- Share Class
TFILX - Snapshot
Vitals
- YTD Return 0.1%
- 3 Yr Annualized Return 4.3%
- 5 Yr Annualized Return 3.7%
- Net Assets $2.76 B
- Holdings in Top 10 7.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.45%
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) $1,000,000
- IRA N/A
Fund Classification
-
Primary Theme
Municipal Bond
- Fund Type Open End Mutual Fund
- Investment Style Muni National Long
TFILX - Profile
Distributions
- YTD Total Return 0.1%
- 3 Yr Annualized Total Return 4.3%
- 5 Yr Annualized Total Return 3.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.30%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameT. Rowe Price Tax Free Income Fund
-
Fund Family NameT. Rowe Price
-
Inception DateJul 06, 2017
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerKonstantine 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.
TFILX - Performance
Return Ranking - Trailing
Period | TFILX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.1% | -0.6% | 1.4% | 47.99% |
1 Yr | 4.9% | -1.0% | 10.1% | 21.36% |
3 Yr | 4.3%* | -0.4% | 9.8% | 26.22% |
5 Yr | 3.7%* | -0.3% | 7.8% | 25.84% |
10 Yr | 4.7%* | -0.1% | 10.2% | 26.21% |
* Annualized
Return Ranking - Calendar
Period | TFILX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 1.9% | -2.8% | 310.0% | 41.20% |
2019 | 3.7% | -0.3% | 15.4% | 49.61% |
2018 | -2.9% | -10.3% | 97.2% | 79.38% |
2017 | N/A | -100.0% | 7.6% | N/A |
2016 | N/A | -7.9% | 96.8% | N/A |
Total Return Ranking - Trailing
Period | TFILX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.1% | -0.6% | 1.4% | 47.99% |
1 Yr | 4.9% | -5.0% | 10.1% | 16.79% |
3 Yr | 4.3%* | -2.4% | 9.8% | 22.57% |
5 Yr | 3.7%* | -1.4% | 7.8% | 22.49% |
10 Yr | 4.7%* | -0.1% | 10.2% | 24.27% |
* Annualized
Total Return Ranking - Calendar
Period | TFILX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 1.9% | -2.8% | 310.0% | 41.20% |
2019 | 3.7% | -0.3% | 15.4% | 51.04% |
2018 | -2.9% | -10.3% | 11.0% | 80.84% |
2017 | N/A | -100.0% | 7.6% | N/A |
2016 | N/A | -7.9% | 3.0% | N/A |
NAV & Total Return History
TFILX - Holdings
Concentration Analysis
TFILX | Category Low | Category High | TFILX % Rank | |
---|---|---|---|---|
Net Assets | 2.76 B | 582 K | 81.8 B | 13.42% |
Number of Holdings | 604 | 3 | 10805 | 18.88% |
Net Assets in Top 10 | 200 M | -199 M | 4.06 B | 21.65% |
Weighting of Top 10 | 7.30% | 2.4% | 100.0% | 90.81% |
Top 10 Holdings
- MARYLAND ST STAD AUTH REV 5% 0.91%
- NEW YORK LIBERTY DEV CORP LIBERTY REV 5.75% 0.89%
- REGIONAL TRANSN AUTH ILL 6% 0.79%
- BROOKHAVEN GA DEV AUTH REV 4% 0.78%
- IDAHO HEALTH FACS AUTH REV 5% 0.78%
- MIAMI-DADE CNTY FLA EDL FACS AUTH REV 5% 0.77%
- BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 0.73%
- METROPOLITAN TRANSN AUTH N Y REV 5.25% 0.68%
- WASHINGTON D C MET AREA TRAN AUTH GROSS REV 5% 0.67%
- TARRANT CNTY TEX CULTURAL ED FACS FIN CORP HOSP REV 4% 0.67%
Asset Allocation
Weighting | Return Low | Return High | TFILX % Rank | |
---|---|---|---|---|
Bonds | 99.81% | 15.80% | 147.66% | 28.93% |
Cash | 0.19% | -47.66% | 84.20% | 69.19% |
Stocks | 0.00% | 0.00% | 2.07% | 84.12% |
Preferred Stocks | 0.00% | -0.96% | 1.04% | 82.87% |
Other | 0.00% | -13.14% | 13.72% | 82.82% |
Convertible Bonds | 0.00% | 0.00% | 1.44% | 83.32% |
Bond Sector Breakdown
Weighting | Return Low | Return High | TFILX % Rank | |
---|---|---|---|---|
Municipal | 99.81% | 15.02% | 100.00% | 27.81% |
Cash & Equivalents | 0.19% | 0.00% | 84.20% | 71.28% |
Derivative | 0.00% | 0.00% | 0.85% | 83.27% |
Securitized | 0.00% | 0.00% | 6.51% | 83.38% |
Corporate | 0.00% | 0.00% | 15.75% | 84.34% |
Government | 0.00% | 0.00% | 84.56% | 84.51% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | TFILX % Rank | |
---|---|---|---|---|
US | 98.61% | 15.80% | 141.34% | 29.11% |
Non US | 1.20% | 0.00% | 28.07% | 42.57% |
TFILX - Expenses
Operational Fees
TFILX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.45% | 0.01% | 16.95% | 89.53% |
Management Fee | 0.44% | 0.00% | 1.10% | 48.28% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.47% | N/A |
Sales Fees
TFILX 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
TFILX 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.
TFILX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 10.60% | 0.00% | 299.40% | 16.26% |
TFILX - Distributions
Dividend Yield Analysis
TFILX | Category Low | Category High | TFILX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 2.98% | 84.07% |
Dividend Distribution Analysis
TFILX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
TFILX | Category Low | Category High | TFILX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.30% | -1.65% | 6.48% | 9.23% |
Capital Gain Distribution Analysis
TFILX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
Date | Amount |
---|---|
Mar 29, 2019 | $0.031 |
Feb 28, 2019 | $0.028 |
Jan 31, 2019 | $0.030 |
Dec 31, 2018 | $0.030 |
Nov 30, 2018 | $0.031 |
Oct 31, 2018 | $0.030 |
Aug 31, 2018 | $0.034 |
Jul 31, 2018 | $0.030 |
Jun 29, 2018 | $0.031 |
May 31, 2018 | $0.031 |
Apr 30, 2018 | $0.030 |
Mar 29, 2018 | $0.031 |
Feb 28, 2018 | $0.031 |
Jan 31, 2018 | $0.030 |
Dec 29, 2017 | $0.031 |
Nov 30, 2017 | $0.031 |
Oct 31, 2017 | $0.030 |
Sep 29, 2017 | $0.032 |
Aug 31, 2017 | $0.031 |
Jul 31, 2017 | $0.025 |
TFILX - Fund Manager Analysis
Managers
Konstantine Mallas
Start Date
Tenure
Tenure Rank
Jul 01, 2007
13.51
13.5%
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 |
---|---|---|---|
0.06 | 35.78 | 6.92 | 0.16 |