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T. Rowe Price Summit Municipal Inc (PRINX) Fund Ranking and Research

Ranking, Research and Recommendation of T. Rowe Price Summit Municipal Inc (PRINX) Fund

    Last Trade: $11.96 on 10/20/2017, Change: -0.02 (-0.17%)

 

Graph of T. Rowe Price Summit Municipal Inc Fund (PRINX) ManagerFund Manager - Konstantine B. Mallas

Fund Manager Information

Fund Manager Tenure: 18.7 years
Fund Family: T. Rowe Price
Fund Category: Muni National Long
Fund Performance: May 30, 2016
Fundmojo Fund Grade: A (Score: 0.74)     (What does this score mean?)
Konstantine B. (Dino) Mallas has been chairman of the committee since 2003 and he is a vice president of T. Rowe Price Associates, Inc., and a portfolio manager in the Fixed Income Division. Mr. Mallas also heads the Investment Advisory Committees for four tax-free bond strategies.He joined the firm in 1987 as a broker in the Discount Brokerage Department and in 1991 transferred to the Municipal Department. He began his fixed-income responsibilities as a fixed-income specialist and later transitioned into trading intermediate- and long-term state and national portfolios. Mr. Mallas assumed portfolio management responsibilities in 1999. Mr. Mallas earned a B.S. from American University and an M.B.A. from Loyola College in Baltimore, Maryland.  Get more insights on Konstantine B. Mallas

 

Graph of T. Rowe Price Summit Municipal Inc Fund (PRINX) ProfileT. Rowe Price Summit Municipal Inc Fund (PRINX) Profile

Fund Profile and Description

T. Rowe Price Summit Municipal Inc Fund seeks income exempt from federal income tax. T. Rowe Price Summit Municipal Inc Fund normally invests at least 80% of assets in investment-grade bonds rated from AAA to BBB or equivalent by at least one nationally recognized credit rating agency or, if unrated, deemed to be of comparable quality by T. Rowe Price. It invests at least 65% of assets in long-term, tax-exempt bonds. T. Rowe Price Summit Municipal Inc Fund may invest up to 20% of assets in non-investment-grade "junk" bonds.

 

T. Rowe Price Summit Municipal Inc (PRINX) Fund Strength What we like about T. Rowe Price Summit Municipal Inc (PRINX) Fund

Data for T. Rowe Price Summit Municipal Inc Fund (PRINX) as of May 30, 2016

  • T. Rowe Price Summit Municipal Inc Fund (PRINX) management has been with T. Rowe Price Summit Municipal Inc Fund for 18.7 years
  • T. Rowe Price Summit Municipal Inc Fund (PRINX) has good short-term performance (1-year return 6.56% vs 5.73% Muni National Long category median performance)
  • T. Rowe Price Summit Municipal Inc Fund (PRINX) has good mid-term performance (3-year return 4.57% vs 3.84% Muni National Long category median performance)
  • T. Rowe Price Summit Municipal Inc Fund (PRINX) has good Long-term performance (5-year return 6.13% vs 5.50% Muni National Long category median performance)
  • T. Rowe Price Summit Municipal Inc Fund (PRINX) ratio of up-years vs down years is greater than 2
  • T. Rowe Price Summit Municipal Inc Fund (PRINX) has a Morningstar rating of 4 and above
  • Asset base in T. Rowe Price Summit Municipal Inc Fund (PRINX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • T. Rowe Price Summit Municipal Inc Fund (PRINX) has an annual stock turnover rate of 16.70% vs Muni National Long average of 21.44%. It is good that T. Rowe Price Summit Municipal Inc management does not trade extensively for its return.
  • T. Rowe Price Summit Municipal Inc Fund (PRINX) is less volatile than its peers as it has a 3-year Standard Deviation of 4.07, lower than category average of 4.16
  • T. Rowe Price Summit Municipal Inc Fund (PRINX) has a lower expense ratio than its Muni National Long average: 0.50% vs 0.86%
  • T. Rowe Price Summit Municipal Inc Fund (PRINX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

T. Rowe Price Summit Municipal Inc Fund (PRINX) Weakness What we are cautious about T. Rowe Price Summit Municipal Inc (PRINX) Fund

Data for T. Rowe Price Summit Municipal Inc Fund (PRINX) as of May 30, 2016

See T. Rowe Price Summit Municipal Inc Fund (PRINX) performance details as of May 30, 2016

 

What do you think?

 

Compare T. Rowe Price Summit Municipal Inc Fund (PRINX)Compare with other top Muni National Long category mutual funds

Aadditional top Muni National Long mutual funds for your consideration

FundYear to Date1 Year3 year5 year
T. Rowe Price Summit Municipal Inc3.126.564.576.13
Columbia AMT-Free Tax-Exempt Bond A (INTAX)3.116.984.916.56Compare
Nuveen All-American Municipal Bond I (FAARX)3.607.045.187.16Compare
Invesco Municipal Income A (VKMMX)3.256.624.526.04Compare

See top fund managers for Muni National Long Category Funds

 

Compare T. Rowe Price Summit Municipal Inc Fund (PRINX)Compare with Muni National Long category ETFs

Some Muni National Long ETFs for your consideration

ETFYear to DateOne YearThree Year
Market Vectors Long Municipal ETF (MLN)000
SPDR Nuveen Barclays Municipal Bond ETF (TFI)000
Market Vectors CEF Municipal Income ETF (XMPT)000

 

Graph of T. Rowe Price Summit Municipal Inc Fund (PRINX) Net Asset TrackingT. Rowe Price Summit Municipal Inc (PRINX) Fund Net Asset

Track net asset change of T. Rowe Price Summit Municipal Inc fund (PRINX)

DateNet Asset
05/2016$1.13B
03/2016$1.10B
02/2016$1.06B
More historic net asset information on T. Rowe Price Summit Municipal Inc Fund (PRINX)

  

Graph of T. Rowe Price Summit Municipal Inc Fund (PRINX) Portfolio TrackingT. Rowe Price Summit Municipal Inc (PRINX) Fund Portfolio Allocation

Track portfolio allocation change of T. Rowe Price Summit Municipal Inc fund (PRINX)

DateCashStockBondOther
03/20160.32%0%99.68%0%
12/20150.48%0%99.52%0%
09/20150.29%0%99.71%0%
Click here to see more historic asset allocation information on T. Rowe Price Summit Municipal Inc Fund (PRINX)

 

graph of T. Rowe Price Summit Municipal Inc Fund (PRINX) Top 10 Position TrackingTop 10 Holdings in T. Rowe Price Summit Municipal Inc (PRINX) Fund

Discover what T. Rowe Price Summit Municipal Inc Fund (PRINX) manager is buying

Mar 30, 2016
California St For Previous Iss Go Bds 4% [1.27%]
Miami-Dade Cnty Fla Edl Facs A Rev An 5% [0.89%]
New York Liberty Dev Corp Libe Lib 5.75% [0.88%]
Maryland St Health & Higher Ed Rev Bd 5% [0.87%]
North Carolina Mun Pwr Agy No Ref Bds 5% [0.87%]
Maryland St Transn Auth 5% [0.83%]
Philadelphia Pa Auth 5% [0.82%]
Clark Cnty Nev Arpt Rev Subordina 5.75% [0.8%]
Colorado Health Facs Auth 5.25% [0.75%]

Dec 30, 2015
Miami-Dade Cnty Fla Edl Facs A Rev An 5% [0.94%]
New York Liberty Dev Corp Libe Lib 5.75% [0.94%]
Maryland St Health & Higher Ed Rev Bd 5% [0.93%]
North Carolina Mun Pwr Agy No Ref Bds 5% [0.92%]
Maryland St Transn Auth 5% [0.89%]
Clark Cnty Nev Arpt Rev Subordina 5.75% [0.87%]
Colorado Health Facs Auth 5.25% [0.79%]
New York St Dorm Auth 5% [0.72%]
New York St Twy Auth 5% [0.67%]

Sep 29, 2015
Lower Neches Valley Auth 0.01% [1.45%]
New York Liberty Dev Corp Libe Lib 5.75% [0.97%]
Maryland St Health & Higher Ed Rev Bd 5% [0.95%]
North Carolina Mun Pwr Agy No Ref Bds 5% [0.94%]
Maryland St Transn Auth 5% [0.92%]
Clark Cnty Nev Arpt Rev Subordina 5.75% [0.9%]
Colorado Health Facs Auth 5.25% [0.81%]
New York St Dorm Auth 5% [0.73%]
New York St Twy Auth 5% [0.7%]
Click here for Stock Holding Change Map in T. Rowe Price Summit Municipal Inc Fund (PRINX)

  

Latest News on T. Rowe Price Summit Municipal Inc (PRINX) Fund

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T. Rowe Price Summit Municipal Inc Fund (PRINX) Related ResourcesSee more information on T. Rowe Price Summit Municipal Inc (PRINX) Fund

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