T Rowe Price Virginia Tax- Free Bond Fund I (TFBVX)
11.28
+0.02
(+0.18%)
USD |
Feb 10 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.42% | 1.431B | -- | 19.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 48.54M | 3.81% |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide investors the highest level of income exempt from federal and Virginia state income taxes by investing primarily in investment grade Virginia municipal securities. The Funds average maturity is expected to exceed 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 | Virginia Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Virginia 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:
7
-3.386M
Peer Group Low
20.45M
Peer Group High
1 Year
% Rank:
7
48.54M
-64.38M
Peer Group Low
48.54M
Peer Group High
3 Months
% Rank:
7
-12.52M
Peer Group Low
37.98M
Peer Group High
3 Years
% Rank:
19
-150.83M
Peer Group Low
36.90M
Peer Group High
6 Months
% Rank:
7
-29.75M
Peer Group Low
47.06M
Peer Group High
5 Years
% Rank:
86
-282.17M
Peer Group Low
-2.093M
Peer Group High
YTD
% Rank:
8
-3.386M
Peer Group Low
20.45M
Peer Group High
10 Years
% Rank:
7
-297.78M
Peer Group Low
135.56M
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of February 11, 2026.
Asset Allocation
As of December 31, 2025.
| Type | % Net |
|---|---|
| Cash | 0.00% |
| Stock | 0.00% |
| Bond | 98.62% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 1.38% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| METROPOLITAN WASH D C ARPTS AUTH DULLES TOLL RD REV DC 5.000 10/01/2044 | 1.68% | 102.63 | 0.07% |
| FARMVILLE VA INDL DEV AUTH EDL FACS REV VA 5.375 07/01/2053 | 1.53% | -- | -- |
| VIRGINIA SMALL BUSINESS FING AUTH PRIVATE ACTIVITY REV VA 5.000 12/31/2056 | 1.41% | 97.53 | 2.93% |
|
Other Assets less Liabilities
|
1.38% | -- | -- |
| VIRGINIA PORT AUTH COMWLTH PORT FD REV VA 5.250 07/01/2048 | 1.20% | 106.64 | 0.09% |
| HAMPTON RDS VA TRANSN ACCOUNTABILITY COMMN REV VA 5.000 07/01/2048 | 1.15% | 101.07 | 0.03% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV PR 4.750 07/01/2053 | 1.03% | 95.98 | 0.00% |
| VIRGINIA COLLEGE BLDG AUTH VA EDL FACS REV VA 5.000 03/01/2054 | 1.01% | -- | -- |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV PR 4.329 07/01/2040 | 0.99% | 99.79 | 0.00% |
| FAIRFAX CNTY VA SWR REV VA 5.000 07/15/2046 | 0.93% | 104.66 | 0.07% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.38% |
| 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 | 500000.0 None |
| Minimum Subsequent Investment | 0.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide investors the highest level of income exempt from federal and Virginia state income taxes by investing primarily in investment grade Virginia municipal securities. The Funds average maturity is expected to exceed 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 | Virginia Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Virginia 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 (2-9-26) | 3.40% |
| 30-Day SEC Yield (12-31-25) | 3.66% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 394 |
| Bond | |
| Yield to Maturity (12-31-25) | 4.11% |
| Effective Duration | -- |
| Average Coupon | 4.49% |
| Calculated Average Quality | 2.283 |
| Effective Maturity | 12.94 |
| Nominal Maturity | 18.89 |
| Number of Bond Holdings | 392 |
As of December 31, 2025
Fund Details
| Key Dates | |
| Inception Date | 7/6/2017 |
| Share Classes | |
| PRVAX | Direct Sold |
| Attributes | |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:TFBVX", "name") |
| Broad Asset Class: =YCI("M:TFBVX", "broad_asset_class") |
| Broad Category: =YCI("M:TFBVX", "broad_category_group") |
| Prospectus Objective: =YCI("M:TFBVX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |