PATIX: T. Rowe Price Tax-Free Shrt-Interm Adv

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

PATIX T. Rowe Price Tax-Free Shrt-Interm Adv


Profile

PATIX - Profile

Vitals

  • YTD Return 0.4%
  • 3 Yr Annualized Return 0.2%
  • 5 Yr Annualized Return 0.2%
  • Net Assets $1.88 B
  • Holdings in Top 10 8.9%

52 WEEK LOW AND HIGH

$5.66
$5.35
$5.71

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.82%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 17.40%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 0.4%
  • 3 Yr Annualized Total Return 0.2%
  • 5 Yr Annualized Total Return 0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.27%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    T. Rowe Price Tax Free Short-Intermediate Fund
  • Fund Family Name
    T. Rowe Price
  • Inception Date
    Aug 08, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Charles Hill

Fund Description

The fund invests primarily in short-term municipal securities (maturities of less than three years) and intermediate-term municipal securities (maturities between three and ten years). Its weighted average maturity normally ranges from two to five years and is not expected to exceed five years.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Fund Company Quick Screens

PATIX - Fund Company Quick Screens


Performance

PATIX - Performance

Return Ranking - Trailing

Period PATIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -31.5% 944.5% 50.12%
1 Yr 0.9% -25.3% 972.2% 57.98%
3 Yr 0.2%* -10.4% 120.2% 59.72%
5 Yr 0.2%* -5.3% 60.1% 50.38%
10 Yr N/A* -5.1% 3.6% N/A

* Annualized

Return Ranking - Calendar

Period PATIX Return Category Return Low Category Return High Rank in Category (%)
2019 2.0% -1.7% 18.3% 83.55%
2018 -0.4% -12.4% 0.8% 4.91%
2017 0.4% -6.0% 20.3% 74.56%
2016 -1.6% -7.8% 8.6% 59.00%
2015 -0.4% -18.3% 3.0% 27.53%

Total Return Ranking - Trailing

Period PATIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -31.5% 944.5% 50.12%
1 Yr 0.9% -25.3% 972.2% 58.06%
3 Yr 0.2%* -7.3% 120.2% 64.11%
5 Yr 0.2%* -5.3% 60.1% 58.29%
10 Yr N/A* -5.1% 6.8% N/A

* Annualized

Total Return Ranking - Calendar

Period PATIX Return Category Return Low Category Return High Rank in Category (%)
2019 2.0% -1.7% 18.3% 84.31%
2018 -0.4% -11.7% 3.1% 10.51%
2017 0.4% -6.0% 27.0% 78.40%
2016 -1.6% -7.8% 10.7% 61.82%
2015 -0.3% -14.2% 4.2% 35.68%

NAV & Total Return History


Holdings

PATIX - Holdings

Concentration Analysis

PATIX Category Low Category High PATIX % Rank
Net Assets 1.88 B 634 K 264 B 27.42%
Number of Holdings 611 1 17920 27.84%
Net Assets in Top 10 170 M -587 M 20.8 B 41.91%
Weighting of Top 10 8.91% 2.3% 100.0% 89.81%

Top 10 Holdings

  1. TEXAS MUN GAS ACQUISITION & SUPPLY CORP I GAS SUPPLY REV 6.25% 1.11%
  2. CALIFORNIA ST 4% 1.09%
  3. CALIFORNIA ST 5% 0.99%
  4. HAMPTON RDS VA TRANSN ACCOUNTABILITY COMMN REV 5% 0.89%
  5. PATRIOTS ENERGY GROUP FING AGY S C GAS SUPPLY REV 4% 0.85%
  6. PEFA INC IOWA GAS PROJ REV 5% 0.82%
  7. UNIVERSITY CALIF REVS 5% 0.82%
  8. METROPOLITAN TRANSN AUTH N Y REV 5% 0.82%
  9. NORTH TEX TWY AUTH REV 5.25% 0.77%
  10. NEW YORK N Y 5% 0.76%

Asset Allocation

Weighting Return Low Return High PATIX % Rank
Bonds
99.35% 71.08% 157.69% 23.04%
Cash
0.66% -57.68% 27.48% 69.51%
Stocks
0.00% -0.38% 18.10% 11.73%
Preferred Stocks
0.00% 0.00% 9.11% 19.89%
Other
0.00% -27.60% 31.83% 16.64%
Convertible Bonds
0.00% 0.00% 6.53% 48.80%

Bond Sector Breakdown

Weighting Return Low Return High PATIX % Rank
Municipal
99.34% 0.00% 100.11% 17.60%
Cash & Equivalents
0.66% -26.49% 24.02% 77.74%
Derivative
0.00% -0.83% 31.72% 17.03%
Securitized
0.00% 0.00% 98.72% 56.25%
Corporate
0.00% 0.00% 99.41% 63.07%
Government
0.00% -2.21% 100.00% 58.76%

Bond Geographic Breakdown

Weighting Return Low Return High PATIX % Rank
US
98.66% 58.40% 150.78% 18.83%
Non US
0.69% -38.91% 29.50% 73.07%

Expenses

PATIX - Expenses

Operational Fees

PATIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.01% 34.57% 44.24%
Management Fee 0.39% 0.00% 1.25% 48.33%
12b-1 Fee 0.25% 0.00% 1.00% 29.12%
Administrative Fee N/A 0.00% 0.50% 72.34%

Sales Fees

PATIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

PATIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PATIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 17.40% 0.00% 489.00% 22.84%

Distributions

PATIX - Distributions

Dividend Yield Analysis

PATIX Category Low Category High PATIX % Rank
Dividend Yield 0.00% 0.00% 6.17% 26.25%

Dividend Distribution Analysis

PATIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PATIX Category Low Category High PATIX % Rank
Net Income Ratio 1.27% -0.71% 6.02% 95.98%

Capital Gain Distribution Analysis

PATIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

PATIX - Fund Manager Analysis

Managers

Charles Hill


Start Date

Tenure

Tenure Rank

Jan 31, 1995

25.26

25.3%

Mr. Hill, who joined T. Rowe Price in 1991, is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price Associates, Inc., and is a portfolio manager in the Fixed Income Division. He manages short- and intermediate- term municipal bond funds along with separately managed tax-exempt accounts, and best after-tax fixed-income accounts investing in both tax-exempt and taxable fixed-income securities. He earned a B.S. from Guilford College and also has earned his Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.44 7.42 0.33