T. Rowe Price Tax-Free Income Fd (PRTAX)
T. Rowe Price Tax-Free Income Fd operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Baltimore, MD, US. The stock last traded at $9.34, up 0.00% on the session, giving a market capitalisation of $2.34B. On trailing twelve-month figures it carries a trailing P/E of 21.23, a net margin of 78.4%. Its beta of 1.06 implies it has historically moved more than the broad market.
This fund is structured so that, under normal circumstances, at least 80% of the income it generates is exempt from federal income taxation. While it maintains the flexibility to acquire securities with any maturity date, the fund primarily focuses on municipal debt instruments with extended maturities. The majority of its holdings are in investment-grade securities; these are defined as those rated within the top four credit categories by at least one prominent credit rating agency, or, if unrated, assessed by T. Rowe Price to be of comparable high quality.
T. Rowe Price Tax-Free Income Fd is most often compared with the following Financial Services names: