PRTMX Fees and Costs — T. Rowe Price Summit Municipal Intermediate Fund, I Class
Data updated: 2026-09-25
The net expense ratio is 0.29%: a 0.27% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 24%.
PRTMX Fees and Expenses
Annual operating expenses and sales charges of PRTMX. Prospectus, as of December 22, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.27% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.29% |
| Fee waiver | — |
| Net expense ratio | 0.29% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
PRTMX Costs Over Time
On $10,000 invested in PRTMX, assuming 5% a year before costs, total costs come to $184 over 5 years, cutting the return by 0.30% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.29%) | $30 | $96 | $167 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $30 | $100 | $184 |
| Value after costs | $10,470 | $11,476 | $12,579 |
| Impact on return, per year | 0.30% | 0.30% | 0.30% |
PRTMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $3.6B
- Portfolio turnover (prospectus): 24%
- Securities lending: none during the year
PRTMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $935.0M | 31.29% |
| BARCLAYS CAPITAL INC. | $372.5M | 12.46% |
| TD Securities Ltd. | $289.4M | 9.69% |
| WELLS FARGO SECURITIES, LLC | $283.0M | 9.47% |
| MORGAN STANLEY & CO. LLC | $265.8M | 8.89% |
| BOFA SECURITIES, INC. | $240.6M | 8.05% |
| Truist Securities, Inc. | $193.3M | 6.47% |
| RBC Capital Markets, LLC | $168.3M | 5.63% |
| GOLDMAN SACHS & CO. LLC | $136.3M | 4.56% |
| PNC Capital Markets LLC | $104.1M | 3.49% |
T. Rowe Price Summit Municipal Intermediate Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PRTMX | I Class | 0.29% | — |
| PRSMX | T. Rowe Price Summit Municipal Intermediate Fund | 0.40% | — |
| PAIFX | Advisor Class | 0.65% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.