PRTMX Performance — T. Rowe Price Summit Municipal Intermediate Fund, I Class
Data updated: 2026-09-25
PRTMX returned +0.36% year to date and +4.68% over one year to Jul 2026. Annualised returns are +3.30% over 3 years and +0.83% over 5 years. The fund beat its Intermediate Municipal Bond category average: $100 invested three years ago grew to $110, against $109 for the category, and to $105 over one year, against $105. Volatility over the past three years was 4.44% a year. In the 12 months to Jul 2026 the fund took in a net $1.2B, and assets reached $5.19B.
PRTMX Growth of $100
What $100 invested in T. Rowe Price Summit Municipal Intermediate Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | PRTMX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $105 | $105 |
| 3 years (Aug 2023 – Jul 2026) | $110 | $109 |
| 5 years (Aug 2021 – Jul 2026) | $104 | $102 |
| Since data start (Aug 2019 – Jul 2026) | $112 | $109 |
PRTMX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.36% |
| 1 year | +4.68% |
| 3 years (annualised) | +3.30% |
| 5 years (annualised) | +0.83% |
PRTMX Annual Returns
Calendar-year total returns of T. Rowe Price Summit Municipal Intermediate Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +0.36% |
| 2025 | +5.01% |
| 2024 | +1.49% |
| 2023 | +5.62% |
| 2022 | −7.45% |
| 2021 | +1.60% |
| 2020 | +4.57% |
| 2019 (Aug–Dec) | +1.06% |
PRTMX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.9% | +1.3% | −2.1% | +0.9% | +0.5% | +0.6% | −1.6% | — | — | — | — | — |
| 2025 | +0.5% | +0.9% | −1.4% | −0.6% | +0.3% | +0.8% | +0.1% | +0.8% | +1.9% | +1.0% | +0.2% | +0.3% |
| 2024 | −0.1% | +0.1% | +0.1% | −0.9% | −0.4% | +1.3% | +0.8% | +0.7% | +0.8% | −1.2% | +1.3% | −0.9% |
| 2023 | +2.6% | −1.9% | +1.7% | −0.1% | −0.7% | +0.7% | +0.2% | −0.8% | −2.0% | −0.8% | +4.6% | +2.1% |
| 2022 | −2.4% | −0.5% | −2.8% | −2.3% | +1.2% | −1.4% | +2.4% | −1.9% | −3.1% | −0.6% | +3.9% | +0.1% |
| 2021 | +0.7% | −1.2% | +0.4% | +0.8% | +0.3% | +0.3% | +0.7% | −0.3% | −0.6% | −0.1% | +0.7% | +0.1% |
| 2020 | +1.5% | +0.9% | −3.4% | −1.4% | +2.9% | +1.2% | +1.4% | −0.1% | 0.0% | −0.2% | +1.2% | +0.6% |
| 2019 | — | — | — | — | — | — | — | +1.2% | −0.7% | +0.1% | +0.1% | +0.4% |
PRTMX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 4.44%
- 3-year Sharpe ratio: -0.27 (vs 4.5% risk-free rate)
- Best month: +4.60% (Nov 2023)
- Worst month: −2.13% (Mar 2026)
PRTMX Fund Flows
Monthly money in and out of T. Rowe Price Summit Municipal Intermediate Fund, from SEC Form N-PORT.
- 12-month net flow: $1.2B
- 12-month gross sales (incl. reinvestments): $2.0B
- Sales ÷ redemptions: 2.41×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $137.4M | $144.8M | −$7.4M |
| Jun 2026 | $207.4M | $59.8M | $147.6M |
| May 2026 | $328.6M | $69.8M | $258.8M |
| Apr 2026 | $94.7M | $87.7M | $7.0M |
| Mar 2026 | $179.6M | $75.4M | $104.3M |
| Feb 2026 | $449.3M | $64.3M | $385.0M |
| Jan 2026 | $82.1M | $52.2M | $30.0M |
| Dec 2025 | $319.0M | $80.8M | $238.3M |
| Nov 2025 | $59.9M | $42.2M | $17.7M |
| Oct 2025 | $55.6M | $50.7M | $4.9M |
| Sep 2025 | $55.4M | $53.1M | $2.3M |
| Aug 2025 | $72.7M | $65.6M | $7.1M |
PRTMX Assets Under Management
Net assets of T. Rowe Price Summit Municipal Intermediate Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $5.19B |
| 2026-04-30 | $4.87B |
| 2026-01-31 | $4.41B |
| 2025-10-31 | $4.10B |
| 2025-07-31 | $3.97B |
| 2025-04-30 | $3.96B |
| 2025-01-31 | $4.17B |
| 2024-10-31 | $4.40B |
| 2024-07-31 | $5.35B |
| 2024-04-30 | $5.29B |
| 2024-01-31 | $5.57B |
| 2023-10-31 | $5.19B |
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.