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Morningstar

T. Rowe Price Summit Municipal Intm Inv PRSMX

Morningstar Medalist Rating
Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 11.22  /  0.02 %
  • Total Assets 5.2 Bil
  • Adj. Expense Ratio
    0.500%
  • Expense Ratio 0.500%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 25,000
  • Status Open
  • TTM Yield 2.40%
  • Effective Duration 4.91 years

USD | NAV as of Jun 09, 2023 | 1-Day Return as of Jun 09, 2023, 10:18 PM GMT+0

Morningstar’s Analysis PRSMX

Will PRSMX 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 PRSMX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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

Solid over the long term.

Associate Director Elizabeth Foos

Elizabeth Foos

Associate Director

Summary

Experienced managers ply a compelling and repeatable process at T. Rowe Price Summit Municipal Intermediate. The strategy's cheapest share class earns a Morningstar Analyst Rating of Silver, while its more expensive share classes are rated Bronze and Neutral.

by Elizabeth Foos
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PRSMX

More PRSMX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 1163
  • Other Holdings 9
  • % Assets in Top 10 Holdings 5.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PUERTO RICO COMWLTH 5.75%

0.94
52,251,384
municipal

Cash & Cash Equivalents

0.86
47,696,247
Cash and Equivalents

ENERGY NORTHWEST WASH ELEC REV 5%

0.72
39,599,269
municipal

PEFA INC IOWA GAS PROJ REV 5%

0.63
34,665,771
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

0.57
31,353,104
municipal

PORT AUTH N Y & N J 5%

0.55
30,184,730
municipal

DENVER COLO CITY & CNTY ARPT REV 5%

0.51
28,465,113
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329%

0.50
27,841,117
municipal

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

0.47
26,026,335
municipal

LOS ANGELES CNTY CALIF MET TRANSN AUTH SALES TAX REV 5%

0.47
25,919,740
municipal