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T. Rowe Price Summit Municipal Intermediate Fund Investor Class (PRSMX)

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11.29 +0.03 +0.27%

03/05 - Delayed Data. Currency in USD ( Disclaimer )

Type: Fund

Market: United States

Issuer: T. Rowe Price

Asset Class: Equity

Morningstar Rating:
Total Assets: 2.11B

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T. Rowe Price Summit Municipal Intermediate Fund Investor Class Overview

On this page you'll find an in-depth profile of T. Rowe Price Summit Municipal Intermediate Fund Investor Class. Learn about the key management, total assets, investment strategy and contact information of PRSMX among other information.

Investment Strategy

The investment seeks the highest level of income exempt from federal income taxes consistent with moderate price fluctuation. The fund will normally invest at least 90% of its total assets in investment-grade municipal securities (rated in one of the four highest rating categories assigned by established credit rating agencies) by at least one major credit rating agency or, if unrated, deemed by T. Rowe Price to be of comparable quality. The fund may invest up to 10% of the fund's total assets in below investment-grade bonds, known as "junk" bonds, including those with the lowest credit ratings.

Contact Information

Address The Gate, Level 15, Office 24
Dubai,Dubai XXXXXX
United Arab Emirates

Phone 97 14 401 9266

Web www.troweprice.com

Top Executives

Name	Title	Since	Until
Charles B. Hill	Chairman	1993	Now
Biography	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.
Mary J. Miller	Assistant Director	1999	2005
Biography	Mary J. Miller is director of the Fixed Income Division of T. Rowe Price Associates, Inc., a member of the firm’s Management Committee, and chairperson of the Fixed Income Steering Committee. Since assuming her present position in April 2004, she has overseen the portfolio strategy, research, and trading functions for all fixed-income portfolios. She also has key investment management responsibilities, serving on the Investment Advisory Committees for a number of fixed-income mutual funds and institutional portfolio strategies, including the firm’s Asset Allocation Committee. Ms. Miller has spent her entire 25-year investment career at T. Rowe Price. She started at the firm in 1983 as a municipal credit analyst, becoming a municipal portfolio manager in 1988 and progressing to manager of the Municipal Bond Department in 1996. She was promoted to assistant director of the Fixed Income Division in 2001, overseeing investment-grade portfolio management. Prior to joining T. Rowe Price, Ms. Miller was a research associate for the Urban Institute of Washington. Ms. Miller earned a B.A. in government from Cornell University and a Master in City and Regional Planning from the University of North Carolina at Chapel Hill. She also has earned her Chartered Financial Analyst accreditation.
Arthur S. Varnado	Portfolio Manager	1999	2003
Biography	Varnado is a portfolio manager with T. Rowe Price Associates.
Patricia S. Deford	Director, Analyst	1999	2001
Biography	Deford joined T. Rowe Price Associates in 1990 and currently serves as a municipal research director and analyst. Prior to joining the firm, she served as an investment banker and municipal analyst with Alex. Brown & Sons from 1983 to 1990. From 1979 to 1983, she was an analyst with E. F. Hutton.
Janet G. Albright	-	1999	2000
Biography	Albright is a portfolio manager with T. Rowe Price Associates.
Julie A. Salsbery	Portfolio Manager	1999	2000
Biography	Salsbery is a portfolio manager with T. Rowe Price Associates.
Mary J. Miller	Assistant Director	1993	1995
Biography	Mary J. Miller is director of the Fixed Income Division of T. Rowe Price Associates, Inc., a member of the firm’s Management Committee, and chairperson of the Fixed Income Steering Committee. Since assuming her present position in April 2004, she has overseen the portfolio strategy, research, and trading functions for all fixed-income portfolios. She also has key investment management responsibilities, serving on the Investment Advisory Committees for a number of fixed-income mutual funds and institutional portfolio strategies, including the firm’s Asset Allocation Committee. Ms. Miller has spent her entire 25-year investment career at T. Rowe Price. She started at the firm in 1983 as a municipal credit analyst, becoming a municipal portfolio manager in 1988 and progressing to manager of the Municipal Bond Department in 1996. She was promoted to assistant director of the Fixed Income Division in 2001, overseeing investment-grade portfolio management. Prior to joining T. Rowe Price, Ms. Miller was a research associate for the Urban Institute of Washington. Ms. Miller earned a B.A. in government from Cornell University and a Master in City and Regional Planning from the University of North Carolina at Chapel Hill. She also has earned her Chartered Financial Analyst accreditation.

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	Name	Price	Chg.	Chg. %
	T. Rowe Price Sum.	11.29	+0.03	+0.27%