Sector Allocation - PATAX
as of 04/30/2013
| Basic Materials | -- | |
|---|---|---|
| Consumer Cyclical | -- | |
| Financial Services | -- | |
| Real Estate | -- | |
| Consumer Defensive | -- | |
| Healthcare | -- | |
| Utilities | -- | |
| Communication Services | -- | |
| Energy | -- | |
| Industrials | -- | |
| Technology | -- |
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PATAX:NASDAQ
T. Rowe Price Tax-Free Income Fund Advisor Class – PATAX Fund Overview
| Last Price | Today's Change | 52-Week Range | Trading Volume |
|---|---|---|---|
| 10.54 | -0.01 (-0.09%) | 10.39 - 10.80 | 0.0 |
Market data as of 6:05PM 05/22/13. Quotes are delayed by at least 15 min.
Overview - PATAX
The investment seeks a high level of income exempt from federal income tax. The fund invests in long-term municipal securities (securities with maturities of more than 10 years) and its weighted average maturity is expected to normally exceed 10 years. Most investments are in investment-grade securities, which are securities rated in one of the four highest credit categories 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 10% of total assets in noninvestment-grade securities, known as "junk" bonds in the taxable bond market, including those with the lowest credit ratings.
Growth of $10,000 (10 Years)
| Total Return | 4.53% |
|---|---|
| Yield (Trailing 12 Mo.) | 3.47% |
| Expense Ratio | 0.84% |
| Front Load | None |
| Deferred Load | None |
| Minimum Investment | $2,500 |
| Management Tenure | 5 Years |
| Fund Inception | 09/30/2002 |
Trailing Total Returns - PATAX
as of 04/30/2013
| Timeframe | PATAX | S&P 500 | Muni National Long |
|---|---|---|---|
| 1 Month | 1.05% | 1.93% | 1.16% |
| 3 Month | 0.77% | 7.18% | 0.83% |
| Year-to-Date | 1.43% | 12.74% | 1.49% |
| 1 Year | 5.93% | 16.89% | 6.23% |
| 3 Year | 6.11% | 12.80% | 6.56% |
| 5 Year | 5.75% | 5.21% | 5.73% |
| 10 Year | 4.62% | 7.88% | 4.53% |
| Since Inception | 4.53% | 10.38% | -- |
Asset Allocation - PATAX
as of 04/30/2013
| By Percent | Short | 0% | Long | Net | |
|---|---|---|---|---|---|
| Stock | -- | 0.00 | 0.00 | ||
| Bond | -- | 99.41 | 99.41 | ||
| Other | -- | 0.00 | 0.00 | ||
| Foreign Stock | -- | 0.00 | 0.00 | ||
| Foreign Bond | -- | 0.00 | 0.00 | ||
| Total | -- | 99.41 | 99.41 | ||
| Cash | -- | 0.59 | 0.59 | ||
| Total Net Assets | $3.23B |
|---|---|
| Total Stock Holdings | 1 |
| Total Bond Holdings | 461 |
Bond Credit Quality - PATAX
as of 04/30/2013
| AAA | 7.07% | |
|---|---|---|
| AA | 31.33% | |
| A | 43.75% | |
| BBB | 13.66% |
| BB | 0.82% | |
|---|---|---|
| B | 0.38% | |
| Below B | 0.05% | |
| Not Rated | 2.94% |
Top Ten Holdings - PATAX
as of 04/30/2013
| Company | YTD Return | % of Assets |
|---|---|---|
| New York Liberty Dev Corp Libe Lib 5.75% | -- | 1.37% |
| Miami-Dade Cnty Fla Aviation R Av 5.375% | -- | 0.97% |
| Utah Tran Auth 5% | -- | 0.84% |
| Texas St Pub Fin Auth 5% | -- | 0.75% |
| Orange Cnty Fla Health Facs Au Rev Bd 5% | -- | 0.73% |
| Metropolitan Wash D C Arpts Au Re 5.625% | -- | 0.72% |
| Metropolitan Pier & Exposition Bds 5.5% | -- | 0.71% |
| Connecticut St Health & Edl Fa Rev Bd 5% | -- | 0.71% |
| California St Dept Wtr Res Pwr Rev Bd 5% | -- | 0.67% |
| Regl Transn Auth 6% | -- | 0.63% |
Valuation & Growth - PATAX
as of 04/30/2013
| Valuation | PATAX | Category Range |
|---|---|---|
| Price/Earnings | -- | |
| Price/Book | 22.12 | |
| Price/Sales | 0.29 | |
| Price/Cash Flow | 11.34 | |
| Dividend Yield | 0 | |
| LT Earnings | ||
| Historical Earnings | ||
| Sales Growth | 4.33 | |
| Cash-Flow Growth | -47.29 | |
| Book-Value Growth | -60.54 |
Key: Lo Hi
Morningstar Summary - PATAX, 3 Year
| Rate Sensitivity | |||
|---|---|---|---|
| High | |||
| Mid | |||
| Low | |||
 |  |  |
| Rating | vs Category | |
|---|---|---|
| Overall |  | |
| Risk | Avg | |
| Return | Avg |
Key: Lo Hi
Tax Analysis - PATAX, 3 Year Avg
| Pretax Return | 6.11% |
|---|---|
| Tax-adjusted Return | 6.11% |
| Tax Cost Ratio | 0.00% |
| Potential Cap Gains | 8.76% |
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