PAIMX — T. Rowe Price Summit Municipal Income Fund
Data updated: 2026-06-25
PAIMX — T. Rowe Price Summit Municipal Income Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $2.58B AUM · 0.70% expense ratio · 6.1% 1-yr return. From SEC regulatory filings.
PAIMX Fund Overview
PAIMX — T. Rowe Price Summit Municipal Income Fund is a US mutual fund managed by T. Rowe Price Summit Municipal Funds, Inc., categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: T. Rowe Price Summit Municipal Funds, Inc.
- Category: Long Municipal - National Bond
- Assets under management: $2.58B
- 1-year return: 6.1%
- Ticker: PAIMX
- SEC CIK: 0000912029
- SEC series ID: S000002157
- Share class ID: C000117204
PAIMX Holdings
Top 10 holdings of T. Rowe Price Summit Municipal Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Pr Sales Tax Fing Sales Tax Rev Ser A1 | 0.97% |
| San Fran Ca Arpts Commn Amt Ser A | 0.84% |
| Main Street Nat Gas, Inc. Rev Ser E | 0.79% |
| Pr Comwlth Cvi-Subser Cw Hta 98 Txbl | 0.79% |
| Nyc Transitional-A-1 | 0.75% |
| Tx St Gas Acq & Sply Corp. V Gas Sply Rev | 0.62% |
| Ok Turnpike Auth | 0.60% |
| Tx Transprtn Fin-A | 0.60% |
| Cook Co.-Ref | 0.60% |
| Cntrl Plains Enrgy-A1 | 0.58% |
PAIMX Portfolio Allocation
Asset-class allocation of T. Rowe Price Summit Municipal Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 98.7% |
| Securitized | 0.5% |
PAIMX Performance
Total returns for PAIMX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.2% |
| 1 year | 6.1% |
| 3 years (annualised) | 3.6% |
| 5 years (annualised) | 0.7% |
PAIMX Risk Information
Risk metrics for PAIMX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.6%
PAIMX Costs and Fees
PAIMX costs about $70 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.70%
- Gross expense ratio: 0.83%
- Portfolio turnover: 30%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
PAIMX Cashflows
Over the 12 months to 2026-04, T. Rowe Price Summit Municipal Income Fund had net outflows of $472.51M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $8.23M |
| 2026-03 | $46.04M |
| 2026-02 | −$267.43M |
| 2026-01 | −$150.33M |
| 2025-12 | −$229.43M |
| 2025-11 | $2.15M |
PAIMX Debt Constituents
Largest debt holdings of T. Rowe Price Summit Municipal Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Pr Sales Tax Fing Sales Tax Rev Ser A1 | 0.97% |
| San Fran Ca Arpts Commn Amt Ser A | 0.84% |
| Main Street Nat Gas, Inc. Rev Ser E | 0.79% |
| Pr Comwlth Cvi-Subser Cw Hta 98 Txbl | 0.79% |
| Nyc Transitional-A-1 | 0.75% |
| Tx St Gas Acq & Sply Corp. V Gas Sply Rev | 0.62% |
| Ok Turnpike Auth | 0.60% |
| Tx Transprtn Fin-A | 0.60% |
| Cook Co.-Ref | 0.60% |
| Cntrl Plains Enrgy-A1 | 0.58% |
PAIMX Prospectus and SEC Filings
Official T. Rowe Price Summit Municipal Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.