-0.02
-0.17%
| Symbol | Value ($) |
|---|---|
| Morningstar Rating | |
| Previous Close | 12.00 |
| Category | High Yield Muni |
| Net Assets | 2.65 Bil |
| Yield | 4.18% |
| Morningstar Risk | Average |
| Morningstar Return | Above Average |
- Last NAV update 5/23/2013 4:00 PM ET
| NA |
|---|
| The investment seeks a high level of income exempt from federal income taxes. The fund invests primarily in long-term municipal securities (securities with maturities of more than 10 years) and its weighted average maturity is expected to normally exceed 10 years. It normally invests a substantial portion of its assets in municipal bonds that are rated noninvestment-grade by a major credit rating agency or by T. Rowe Price, known as "junk" bonds in the taxable bond market, and may buy bonds in default as long as they do not exceed 10% of the fund's total assets. Normally, at least 80% of the fund's income will be exempt from federal income taxes. |
| 2009 | 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|---|
| Return | 31.41% | 3.91% | 10.97% | 13.65% | 2.12% |
| Value ($) | 13,141.00 | 13,654.81 | 15,152.74 | 17,221.09 | 17,586.18 |
- Year to date performance as of 5/22/2013 8:00 PM ET
| Symbol | Value ($) |
|---|---|
| Fund Family | T. Rowe Price |
| Fund Manager | James Murphy |
| Tenure (Years) | 11 |
| Fund Status | Open |
| Minimum Initial Purchase | 2,500.00 |
| Minimum IRA Investment | 1,000.00 |
| Front Load | 0.00 |
| Expense Ratio | 0.67% |
| Symbol | Value ($) |
|---|---|
| 1 Month | 0.00% |
| 3 Months | 0.90% |
| 1 Year | 8.22% |
| 3 Years* | 8.40% |
| 5 Years* | 6.56% |
- * Annualized returns
- Performance as of 5/22/2013 8:00 PM ET
| PRFHX | High Yield Muni | |
|---|---|---|
| 5-Yr Return | 6.56% | 5.68% |
| Sharpe Ratio | 1.91 | 1.68 |
| Net Assets | 2.65 Bil | 521.88 Mil |
| Avg Market Cap | 6.83 Bil | 7.72 Bil |
| Avg P/E | 25.97 | 15.93 |
| Portfolio Turnover | 12 | 21 |
| Symbol | Value ($) |
|---|---|
| Stocks | 0.01% |
| Cash | 0.08% |
| Fixed Income | 99.92% |
| Other | 0.00% |
| NAME | % NET ASSETS |
|---|---|
| St John Baptist Parish La Rev Rev 5.125% | 1.30% |
| New York Liberty Dev Corp Libe Lib 5.75% | 1.07% |
| New York Liberty Dev Corp Libe Se 6.375% | 1.03% |
| Metropolitan Pier & Exposition Bds 5.25% | 0.97% |
| Texas Mun Gas Acquisition & Su Sr 6.25% | 0.93% |
| Connecticut St Health & Edl Fa Rev Bd 5% | 0.88% |
| Maryland St Health & Higher Ed Rev Bd 5% | 0.83% |
| Seminole Tribe Fla Spl Obl R Speci 5.25% | 0.80% |
| California St Various P 5.5% | 0.70% |
| Virginia Small Busn Fing A Rev Bds 5% | 0.70% |
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