The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PAIFX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the PAIFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of PAIFX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Solid over the long term.
Elizabeth Foos
Associate Director
Summary
T. Rowe Price Summit Municipal Intermediate’s standout team and compelling and repeatable process make it a strong pick.