T Rowe Price Core Municipal Bond Fund Advisor (PATAX)
9.02
-0.03
(-0.33%)
USD |
Sep 15 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.76% | 2.177B | -- | 31.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -45.13M | 0.07% |
Basic Info
| Investment Strategy | |
| The Fund seeks a high level of income exempt from federal income taxes by investing primarily in long-term, investment grade municipal securities. The Fund normally maintains a dollar-weighted average maturity greater than 15 years. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | General & Insured Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | General & Insured Municipal Debt Funds |
| Fund Owner Firm Name | T. Rowe Price |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
49
-290.15M
Peer Group Low
693.85M
Peer Group High
1 Year
% Rank:
68
-45.13M
-680.63M
Peer Group Low
7.660B
Peer Group High
3 Months
% Rank:
62
-307.76M
Peer Group Low
2.352B
Peer Group High
3 Years
% Rank:
68
-4.709B
Peer Group Low
18.48B
Peer Group High
6 Months
% Rank:
73
-291.15M
Peer Group Low
5.697B
Peer Group High
5 Years
% Rank:
68
-8.426B
Peer Group Low
35.89B
Peer Group High
YTD
% Rank:
71
-438.96M
Peer Group Low
4.719B
Peer Group High
10 Years
% Rank:
74
-7.602B
Peer Group Low
49.65B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of September 16, 2026.
Asset Allocation
As of June 30, 2026.
| Type | % Net |
|---|---|
| Cash | 0.00% |
| Stock | 0.00% |
| Bond | 99.89% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.11% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| PUERTO RICO SALES TAX FING CORP SALES TAX REV PR 4.750 07/01/2053 | 0.86% | 92.03 | -0.58% |
| NEW YORK ST TWY AUTH GEN REV JR INDBT OBLIGS NY 4.000 01/01/2040 | 0.78% | 92.93 | -0.40% |
| CHARLOTTE-MECKLENBURG HOSP AUTH N C HEALTH CARE SYS REV NC 2.900 01/15/2038 | 0.75% | 100.00 | 0.00% |
| NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV NC 5.000 01/01/2040 | 0.74% | 100.98 | -0.09% |
| REGIONAL TRANSN AUTH ILL IL 6.000 07/01/2033 | 0.73% | 112.70 | -0.14% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV PR 4.329 07/01/2040 | 0.71% | 94.80 | -0.27% |
| COLUMBIA CNTY GA HOSP AUTH REV GA 5.750 04/01/2053 | 0.68% | 103.85 | -0.22% |
| OKLAHOMA ST TPK AUTH TPK REV OK 5.500 01/01/2053 | 0.66% | 102.65 | -0.18% |
| NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT NY 5.500 07/01/2054 | 0.65% | 102.01 | -1.45% |
| NEW YORK TRANSN DEV CORP SPL FAC REV NY 6.000 06/30/2059 | 0.64% | 102.69 | -0.25% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | 0.25% |
| Actual Management Fee | 0.32% |
| Administration Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 2500.00 None |
| Minimum Subsequent Investment | 100.00 None |
TTM Distributions
| Type | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of August 31, 2026.
Basic Info
| Investment Strategy | |
| The Fund seeks a high level of income exempt from federal income taxes by investing primarily in long-term, investment grade municipal securities. The Fund normally maintains a dollar-weighted average maturity greater than 15 years. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | General & Insured Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | General & Insured Municipal Debt Funds |
| Fund Owner Firm Name | T. Rowe Price |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (9-15-26) | 3.58% |
| 30-Day SEC Yield (8-31-26) | 3.63% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 655 |
| Bond | |
| Yield to Maturity (6-30-26) | 4.10% |
| Effective Duration | 8.02 |
| Average Coupon | 4.85% |
| Calculated Average Quality | 2.595 |
| Effective Maturity | 15.79 |
| Nominal Maturity | 20.52 |
| Number of Bond Holdings | 654 |
As of June 30, 2026
Fund Details
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:PATAX", "name") |
| Broad Asset Class: =YCI("M:PATAX", "broad_asset_class") |
| Broad Category: =YCI("M:PATAX", "broad_category_group") |
| Prospectus Objective: =YCI("M:PATAX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |