Morningstar

T. Rowe Price Summit Municipal Inc Inv PRINX

Morningstar Medalist Rating
Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 11.50  /  −0.08 %
  • Total Assets 3.0 Bil
  • Adj. Expense Ratio
    0.500%
  • Expense Ratio 0.500%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 25,000
  • Status Open
  • TTM Yield 3.16%
  • Effective Duration 7.40 years

USD | NAV as of Oct 02, 2024 | 1-Day Return as of Oct 02, 2024, 10:28 PM GMT+0

Morningstar’s Analysis PRINX

Will PRINX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PRINX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PRINX 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 PRINX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Still a strong offering.

Associate Director Elizabeth Foos

Elizabeth Foos

Associate Director

Summary

T. Rowe Price Summit Municipal Income’s seasoned team is well-prepared for a pending manager departure. The team’s strong collaboration and compelling, repeatable process still make this strategy a standout.

by Elizabeth Foos
Rated on Published on

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Portfolio Holdings PRINX

More PRINX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

AUSTIN TEX WTR & WASTEWATER SYS REV 5%

0.92 27.0 Mil
municipal

NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV 5%

0.80 23.4 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75%

0.78 23.0 Mil
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5.25%

0.70 20.5 Mil
municipal

WASHINGTON D C MET AREA TRAN AUTH DEDICATED REV 5.25%

0.66 19.5 Mil
municipal

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

0.64 18.9 Mil
municipal

PUBLIC FIN AUTH WIS HEALTH CARE SYS REV 2.9%

0.64 18.7 Mil
municipal

SALT RIV PROJ AGRIC IMPT & PWR DIST ARIZ ELEC SYS REV 5.25%

0.57 16.7 Mil
municipal

PORT SEATTLE WASH REV 5.25%

0.57 16.7 Mil
municipal

NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5%

0.56 16.3 Mil
municipal

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