Returns Chart

T Rowe Price Tax-Free Income Fund (PRTAX) Total Return
Created with Highcharts 11.1.0Jul '24Oct '24Jan '25Apr '250.00%-0.49%

Key Stats

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Net Expense Ratio Total Assets Under Management Weighted Average Dividend Yield Turnover Ratio (Generic)
0.41% 2.212B -- 26.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized Total Returns Since Inception (Daily) Max Drawdown (Since Inception)
-64.64M -0.49% Upgrade Upgrade

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
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%

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Net Fund Flows Versus Peer Group

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: 66
-113.85M Peer Group Low
396.11M Peer Group High
1 Year
% Rank: 70
-64.64M
-1.431B Peer Group Low
4.069B Peer Group High
3 Months
% Rank: 73
-1.181B Peer Group Low
1.438B Peer Group High
3 Years
% Rank: 67
-5.999B Peer Group Low
20.90B Peer Group High
6 Months
% Rank: 62
-1.380B Peer Group Low
1.531B Peer Group High
5 Years
% Rank: 76
-6.881B Peer Group Low
32.00B Peer Group High
YTD
% Rank: 70
-1.079B Peer Group Low
1.492B Peer Group High
10 Years
% Rank: 89
-7.343B Peer Group Low
39.70B Peer Group High
Date Unavailable

Performance Versus Peer Group

 
20%
15%
10%
5%
0
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
Peer Group Rtn. (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
% Rank in Peer Group (NAV)
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
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Annual Total Returns Versus Peers

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Name
2018
2019
2020
2021
2022
2023
2024
YTD
0.69%
7.23%
4.84%
2.87%
-10.08%
7.01%
2.53%
-1.87%
1.28%
7.54%
5.21%
1.52%
-8.53%
6.40%
1.05%
-0.65%
0.39%
7.80%
4.58%
3.17%
-11.06%
7.28%
2.89%
-1.96%
0.90%
8.49%
6.21%
2.26%
-10.43%
7.55%
1.84%
-1.70%
1.44%
7.66%
6.14%
2.01%
-10.52%
6.30%
1.29%
-1.18%
0.33%
8.48%
4.82%
3.64%
-12.39%
7.27%
2.81%
-2.61%
As of June 20, 2025.

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (6-18-25) 3.61%
30-Day SEC Yield (5-31-25) 4.12%
7-Day SEC Yield --
Bond
Yield to Maturity (3-31-25) 4.38%
Average Coupon 4.83%
Calculated Average Quality 2.610
Effective Maturity 20.81
Nominal Maturity 21.62
As of March 31, 2025

Asset Allocation

Created with Highcharts 11.1.0
As of March 31, 2025.
Type % Net
Cash 0.00%
Stock 0.00%
Bond 100.0%
Convertible 0.00%
Preferred 0.00%
Other 0.00%
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Top 10 Holdings

Created with Highcharts 11.1.0
Name % Weight Price % Change
New York State Thruway Authority 4% 01-JAN-2040
0.93% -- --
Chicago O'Hare Airport 4.5% 01-JAN-2056
0.93% -- --
North Carolina Turnpike Authority 5% 01-JAN-2058
0.89% -- --
City and County of Denver 5% 01-DEC-2048
0.88% -- --
Puerto Rico Sales Tax Financing Corp 4.75% 01-JUL-2053
0.78% -- --
Other Assets less Liabilities
0.76% -- --
Denver Convention Center Hotel Authority 5% 01-DEC-2040
0.75% -- --
Regional Transportation Authority 6% 01-JUL-2033
0.74% -- --
Washington Metropolitan Area Transit Authority 5.5% 15-JUL-2051
0.70% -- --
Illinois Finance Authority 3.25% 15-NOV-2037
0.70% -- --

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee 0.25%
Administration Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product --
Available for RRSP --
Purchase Details
Open to New Investors Yes
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
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%

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Fundamentals

General
Distribution Yield --
Dividend Yield TTM (6-18-25) 3.61%
30-Day SEC Yield (5-31-25) 4.12%
7-Day SEC Yield --
Bond
Yield to Maturity (3-31-25) 4.38%
Average Coupon 4.83%
Calculated Average Quality 2.610
Effective Maturity 20.81
Nominal Maturity 21.62
As of March 31, 2025

Fund Details

Key Dates
Inception Date 10/26/1976
Last Annual Report Date 2/28/2025
Last Prospectus Date 5/1/2025
Share Classes
PATAX Adv
TFILX Inst
Attributes
Index Fund --
Inverse Fund --
Leveraged Fund --
Fund of Funds No
Currency Hedged Fund --
Synthetic Replication Fund No

Top Portfolio Holders

Name % Weight
Portfolio A 5.00%
Portfolio B 3.50%
Portfolio C 2.25%
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Excel Add-In Codes

Name: =YCI("M:PRTAX", "name")
Broad Asset Class: =YCI("M:PRTAX", "broad_asset_class")
Broad Category: =YCI("M:PRTAX", "broad_category_group")
Prospectus Objective: =YCI("M:PRTAX", "prospectus_objective")
To find the codes for any of our securities and financial metrics, see our Complete Excel Reference.
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