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T. Rowe Price Summit Municipal Intm (PRSMX) Fund Ranking and Research

Ranking, Research and Recommendation of T. Rowe Price Summit Municipal Intm (PRSMX) Fund

    Last Trade: $ on , Change: (0%)

 

Graph of T. Rowe Price Summit Municipal Intm Fund (PRSMX) ManagerFund Manager - Charles B. Hill

Fund Manager Information

Fund Manager Tenure: 26.3 years
Fund Family: T. Rowe Price
Fund Category: Muni National Interm
Fund Performance: May 30, 2016
Fundmojo Fund Grade: B (Score: 0.67)     (What does this score mean?)
Hill is a chairman and portfolio manager with T. Rowe Price Associates, his employer since 1991. Prior to joining the firm, he was a portfolio manager with Riggs Investment Management from 1986 to 1991. Previously, he was an accountant with Johnston, Lemon & Co.  Get more insights on Charles B. Hill

 

Graph of T. Rowe Price Summit Municipal Intm Fund (PRSMX) ProfileT. Rowe Price Summit Municipal Intm Fund (PRSMX) Profile

Fund Profile and Description

T. Rowe Price Summit Municipal Intm Fund seeks highest level of income exempt from federal income taxes consistent with moderate price fluctuation. T. Rowe Price Summit Municipal Intm Fund ordinarily invests at least 90% of assets in investment-grade tax-exempt securities rated in the four highest credit categories (AAA, AA, A, 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 may invest up to 10% of assets in below investment-grade bonds, including those with lowest ratings.

 

T. Rowe Price Summit Municipal Intm (PRSMX) Fund Strength What we like about T. Rowe Price Summit Municipal Intm (PRSMX) Fund

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

  • T. Rowe Price Summit Municipal Intm Fund (PRSMX) management has been with T. Rowe Price Summit Municipal Intm Fund for 26.3 years
  • T. Rowe Price Summit Municipal Intm Fund (PRSMX) has good short-term performance (1-year return 4.98% vs 4.71% Muni National Interm category median performance)
  • T. Rowe Price Summit Municipal Intm Fund (PRSMX) has good mid-term performance (3-year return 3.50% vs 3.10% Muni National Interm category median performance)
  • T. Rowe Price Summit Municipal Intm Fund (PRSMX) has good Long-term performance (5-year return 4.20% vs 4.14% Muni National Interm category median performance)
  • T. Rowe Price Summit Municipal Intm Fund (PRSMX) ratio of up-years vs down years is greater than 2
  • T. Rowe Price Summit Municipal Intm Fund (PRSMX) has a Morningstar rating of 4 and above
  • T. Rowe Price Summit Municipal Intm Fund (PRSMX) has an annual stock turnover rate of 11.80% vs Muni National Interm average of 22.40%. It is good that T. Rowe Price Summit Municipal Intm management does not trade extensively for its return.
  • T. Rowe Price Summit Municipal Intm Fund (PRSMX) is less volatile than its peers as it has a 3-year Standard Deviation of 2.84, lower than category average of 3.29
  • T. Rowe Price Summit Municipal Intm Fund (PRSMX) has a lower expense ratio than its Muni National Interm average: 0.50% vs 0.80%
  • T. Rowe Price Summit Municipal Intm Fund (PRSMX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

T. Rowe Price Summit Municipal Intm Fund (PRSMX) Weakness What we are cautious about T. Rowe Price Summit Municipal Intm (PRSMX) Fund

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

  • T. Rowe Price Summit Municipal Intm Fund (PRSMX) is less safe compared to its Muni National Interm peers
See T. Rowe Price Summit Municipal Intm Fund (PRSMX) performance details as of May 30, 2016

 

What do you think?

 

Compare T. Rowe Price Summit Municipal Intm Fund (PRSMX)Compare with other top Muni National Interm category mutual funds

Aadditional top Muni National Interm mutual funds for your consideration

FundYear to Date1 Year3 year5 year
T. Rowe Price Summit Municipal Intm2.234.983.504.20
Eaton Vance TABS 5 to15 Yr Lad Muni Bd I (EILTX)3.408.176.377.87Compare
BlackRock Strategic Muni Opps Inv A1 (MDMTX)3.297.784.275.68Compare
USAA Tax Exempt Intermediate-Term (USATX)2.525.223.514.92Compare

See top fund managers for Muni National Interm Category Funds

 

Compare T. Rowe Price Summit Municipal Intm Fund (PRSMX)Compare with Muni National Interm category ETFs

Some Muni National Interm ETFs for your consideration

ETFYear to DateOne YearThree Year
Market Vectors Intermediate Muni ETF (ITM)2.55%7.15%4.62%
iShares National AMT-Free Muni Bond (MUB)2.19%5.72%4.01%
PIMCO Intermediate Municipal Bd Actv ETF (MUNI)1.61%4.98%2.60%
Columbia Intermediate Municipal Bond ETF (GMMB)000

 

Graph of T. Rowe Price Summit Municipal Intm Fund (PRSMX) Net Asset TrackingT. Rowe Price Summit Municipal Intm (PRSMX) Fund Net Asset

Track net asset change of T. Rowe Price Summit Municipal Intm fund (PRSMX)

DateNet Asset
05/2016$3.95B
03/2016$4.10B
02/2016$4.04B
More historic net asset information on T. Rowe Price Summit Municipal Intm Fund (PRSMX)

  

Graph of T. Rowe Price Summit Municipal Intm Fund (PRSMX) Portfolio TrackingT. Rowe Price Summit Municipal Intm (PRSMX) Fund Portfolio Allocation

Track portfolio allocation change of T. Rowe Price Summit Municipal Intm fund (PRSMX)

DateCashStockBondOther
03/20162.53%0%97.47%0%
12/20152.21%0%97.79%0%
09/20152.16%0%97.84%0%
Click here to see more historic asset allocation information on T. Rowe Price Summit Municipal Intm Fund (PRSMX)

 

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

Discover what T. Rowe Price Summit Municipal Intm Fund (PRSMX) manager is buying

Mar 30, 2016
New York St Urban Dev Corp Rev St Per 5% [1.2%]
Triborough Brdg & Tunl Auth 5% [0.97%]
Texas Mun Gas Acquisition & Su Sr 6.25% [0.91%]
New York St Twy Auth 5% [0.79%]
Texas Mun Gas Acquisition & Su Rev Bd 5% [0.78%]
Texas Transn Commn St Hwy Fd R First 5% [0.67%]
Philadelphia Pa Arpt Rev Airport R 5.25% [0.61%]
California St For Previous Iss Go Bds 5% [0.6%]
Univ Calif Revs For Prev Rev Bds 5% [0.57%]
New Jersey St Tpk Auth 5% [0.56%]

Dec 30, 2015
Triborough Brdg & Tunl Auth 5% [1.01%]
Texas Mun Gas Acquisition & Su Sr 6.25% [0.95%]
New York St Twy Auth 5% [0.83%]
Texas Mun Gas Acquisition & Su Rev Bd 5% [0.8%]
Texas Transn Commn St Hwy Fd R First 5% [0.71%]
Philadelphia Pa Arpt Rev Airport R 5.25% [0.64%]
California St For Previous Iss Go Bds 5% [0.62%]
Univ Calif Revs For Prev Rev Bds 5% [0.6%]
New Jersey St Tpk Auth 5% [0.58%]
Massachusetts St Go Bds 5% [0.58%]

Sep 29, 2015
Triborough Brdg & Tunl Auth 5% [1.02%]
Texas Mun Gas Acquisition & Su Sr 6.25% [0.97%]
New York St Twy Auth 5% [0.87%]
Texas Mun Gas Acquisition & Su Rev Bd 5% [0.82%]
Texas Transn Commn St Hwy Fd R First 5% [0.74%]
Philadelphia Pa Arpt Rev Airport R 5.25% [0.66%]
California St For Previous Iss Go Bds 5% [0.63%]
New Jersey St Tpk Auth 5% [0.6%]
California St For Previous Iss Tax 0.07% [0.6%]
Univ Calif Revs For Prev Rev Bds 5% [0.6%]
Click here for Stock Holding Change Map in T. Rowe Price Summit Municipal Intm Fund (PRSMX)

  

Latest News on T. Rowe Price Summit Municipal Intm (PRSMX) Fund

See what is happening with T. Rowe Price Summit Municipal Intm Fund (PRSMX)

 

T. Rowe Price Summit Municipal Intm Fund (PRSMX) Related ResourcesSee more information on T. Rowe Price Summit Municipal Intm (PRSMX) Fund

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