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Mutual Fund Insights: T. Rowe Price Summit Municipal Income Fund (PRINX)

In-depth Analysis of T. Rowe Price Summit Municipal Income Fund (PRINX)

Mutual fund chart: T. Rowe Price Summit Municipal Income Fund (PRINX)

3 months
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1 year
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See T. Rowe Price Summit Municipal Income Fund (PRINX) performance details as of January 31, 2010

  

    Last Trade: $11.04 on 3/12/2010, Change: +0.01 (0.09%)

  

Fund Manager - Konstantine B. Mallas

Fund Manager Tenure: 11.0 years
Fundmojo Fund Grade: A (Score: 0.75)     (What does this score mean?)
Mallas is a vice president of T. Rowe Price Associates, Inc., and a portfolio manager in the Fixed Income Division. Mallas also heads the Investment Advisory Committees for four tax-free bond strategies. Mallas has 17 years of investment experience, all of which have been at T. Rowe Price. He joined the firm in 1987 as a broker in the Discount Brokerage Department and in 1991 transferred to the Municipal Department.  Get more insights on Konstantine B. Mallas

  

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

Data for T. Rowe Price Summit Municipal Income Fund (PRINX) as of January 31, 2010

  • T. Rowe Price Summit Municipal Income Fund (PRINX) management has been with T. Rowe Price Summit Municipal Income Fund for 11.0 years
  • T. Rowe Price Summit Municipal Income Fund (PRINX) has good short-term performance (1-year return 14.19% vs 12.81% Muni National Long category average)
  • T. Rowe Price Summit Municipal Income Fund (PRINX) has good mid-term performance (3-year return 3.77% vs 2.61% Muni National Long category average)
  • T. Rowe Price Summit Municipal Income Fund (PRINX) has good Long-term performance (5-year return 3.98% vs 2.89% Muni National Long category average)
  • T. Rowe Price Summit Municipal Income Fund (PRINX) ratio of up-years vs down years is greater than 2
  • T. Rowe Price Summit Municipal Income Fund (PRINX) has a Morningstar rating of 4 and above
  • T. Rowe Price Summit Municipal Income Fund (PRINX) has an annual stock turnover rate of 25.10% vs Muni National Long average of 50.55%. It is good that T. Rowe Price Summit Municipal Income management does not trade extensively for its return.
  • T. Rowe Price Summit Municipal Income Fund (PRINX) is less volatile than its peers as it has a 3-year Standard Deviation of 6.77, lower than category average of 7.62
  • T. Rowe Price Summit Municipal Income Fund (PRINX) has a lower management fee than its Muni National Long average: 0.50% vs 1.02%
  • T. Rowe Price Summit Municipal Income Fund (PRINX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

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

Data for T. Rowe Price Summit Municipal Income Fund (PRINX) as of January 31, 2010

See T. Rowe Price Summit Municipal Income Fund (PRINX) performance details as of January 31, 2010

  

  

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T. Rowe Price Summit Municipal Income Fund (PRINX) Net Asset

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

DateNet Asset
01/2010$433.66M
11/2009$414.27M
10/2009$408.94M
More historic net asset information on T. Rowe Price Summit Municipal Income Fund (PRINX)

  

T. Rowe Price Summit Municipal Income Fund (PRINX) Portfolio Allocation

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

DateCashStockBondOther
09/20091.87%0%98.13%0%
06/20091.36%0%98.64%0%
03/20091.51%0%98.49%0%
Click here to see more historic asset allocation information on T. Rowe Price Summit Municipal Income Fund (PRINX)

  

Most Recent Top 10 Holdings in T. Rowe Price Summit Municipal Income Fund (PRINX)

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

30-Sep-09
Minneapolis & St Paul Minn Met Rev 5.25% [1.46%]
Curators Univ Mo Sys Facs Rev Rev Bds 5% [1.37%]
Louisiana St Offshore Term Aut Rev 4.3% [1.37%]
Florida St Brd Ed Cap Outlay Pub 5.375% [1.36%]
Hawaii St Arpts Sys Rev Ref Bds 5.25% [1.22%]
Houston Tex Util Sys Rev Comb Util 5.25% [1.18%]
Metropolitan Transn Auth 5.25% [1.15%]
Oregon St Go Vetera [1.13%]
Montgomery Cnty Pa Indl Dev Au Rev Bd 5% [1.12%]
Tobacco Settlement Fing Corp N Asse 5.5% [1.06%]

30-Jun-09
Minneapolis & St Paul Minn Met Rev 5.25% [1.67%]
Hawaii St Arpts Sys Rev Ref Bds 5.25% [1.65%]
Louisiana St Offshore Term Aut Rev 4.3% [1.6%]
Florida St Brd Ed Cap Outlay Pub 5.375% [1.58%]
Curators Univ Mo Sys Facs Rev Rev Bds 5% [1.5%]
Houston Tex Util Sys Rev Comb Util 5.25% [1.33%]
Montgomery Cnty Pa Indl Dev Au Rev Bd 5% [1.29%]
Metropolitan Transn Auth 5.25% [1.23%]
Tobacco Settlement Fing Corp N Asse 5.5% [1.18%]
Chicago Ill O Hare Intl Arpt R Gen Ar 5% [1.17%]

31-Mar-09
Minneapolis & St Paul Minn Met Rev 5.25% [1.74%]
Hawaii St Arpts Sys Rev Ref Bds 5.25% [1.68%]
Louisiana St Offshore Term Aut Rev 4.3% [1.64%]
Florida St Brd Ed Cap Outlay Pub 5.375% [1.64%]
CURATORS UNIV MO SYS FACS REV REV BDS [1.53%]
Montgomery Cnty Pa Indl Dev Au Rev Bd 5% [1.24%]
Metropolitan Transn Auth 5.25% [1.24%]
Chicago Ill O Hare Intl Arpt R Gen Ar 5% [1.21%]
Tobacco Settlement Fing 5.5% [1.21%]
METROPOLITAN WASH D C ARPTS AUTH ARPT SY [1.08%]
Click here for Stock Holding Change Map in T. Rowe Price Summit Municipal Income Fund (PRINX)

  

Related books and products to T. Rowe Price Summit Municipal Income Fund (PRINX)

  

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

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