The investment seeks a high level of income exempt from federal income taxes. The fund will normally invest at least 80% of its total assets in investment-grade municipal securities rated in one of the four highest credit categories (AAA to BBB, or an equivalent rating) by at least one major credit rating agency or, if unrated, deemed to be of comparable quality by T. Rowe Price. It may invest up to 20% of its total assets in noninvestment-grade bonds, known as "junk" bonds in the taxable bond market, including those with the lowest credit ratings. Normally, at least 80% of the fund's income will be exempt from federal income taxes.
Fund filings (PDF) »
Konstantine Mallas (Started: Feb 28, 1999)
# Contact ?>
Dubai International Financial Centre, PO Box 482023, The Gate, Level 15, Office 24