T Rowe Price Tax-Free Income Fund Advisor (PATAX)
9.46
+0.01
(+0.11%)
USD |
Feb 09 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.75% | 2.325B | -- | 26.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -100.69M | 3.72% |
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:
82
-159.40M
Peer Group Low
923.37M
Peer Group High
1 Year
% Rank:
67
-100.69M
-1.644B
Peer Group Low
7.068B
Peer Group High
3 Months
% Rank:
72
-403.39M
Peer Group Low
2.200B
Peer Group High
3 Years
% Rank:
77
-4.836B
Peer Group Low
18.43B
Peer Group High
6 Months
% Rank:
72
-421.93M
Peer Group Low
4.449B
Peer Group High
5 Years
% Rank:
76
-7.701B
Peer Group Low
35.03B
Peer Group High
YTD
% Rank:
83
-159.40M
Peer Group Low
923.37M
Peer Group High
10 Years
% Rank:
82
-7.217B
Peer Group Low
46.18B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of February 09, 2026.
Asset Allocation
As of December 31, 2025.
| Type | % Net |
|---|---|
| Cash | 0.00% |
| Stock | 0.00% |
| Bond | 98.79% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 1.21% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
Other Assets less Liabilities
|
1.21% | -- | -- |
| NEW YORK ST TWY AUTH GEN REV JR INDBT OBLIGS NY 4.000 01/01/2040 | 0.95% | 100.24 | 0.00% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV PR 4.750 07/01/2053 | 0.83% | 95.98 | 0.00% |
| DENVER COLO CONVENTION CTR HOTEL AUTH REV CO 5.000 12/01/2040 | 0.76% | -- | -- |
| REGIONAL TRANSN AUTH ILL IL 6.000 07/01/2033 | 0.75% | -- | -- |
| NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV NC 5.000 01/01/2040 | 0.75% | 103.51 | -0.00% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV PR 4.329 07/01/2040 | 0.70% | 99.79 | 0.00% |
| COLUMBIA CNTY GA HOSP AUTH REV GA 5.750 04/01/2053 | 0.68% | 107.40 | -0.00% |
| OKLAHOMA ST TPK AUTH TPK REV OK 5.500 01/01/2053 | 0.66% | 106.79 | -0.00% |
| NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT NY 5.500 07/01/2054 | 0.65% | 108.53 | -0.00% |
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 |
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 (2-6-26) | 3.36% |
| 30-Day SEC Yield (12-31-25) | 3.36% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 636 |
| Bond | |
| Yield to Maturity (12-31-25) | 4.20% |
| Effective Duration | 8.02 |
| Average Coupon | 4.84% |
| Calculated Average Quality | 2.541 |
| Effective Maturity | 15.44 |
| Nominal Maturity | 20.33 |
| Number of Bond Holdings | 631 |
As of December 31, 2025
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. |