# T. Rowe Price NY Tax-Free Bond (PRNYX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/prnyx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: T. Rowe Price · Asset class: Bond - Strategy: Actively Managed · Inception: 1986-08-28 The fund invests so that, under normal market conditions, at least 80% of its net assets (including any borrowings for investment purposes) are invested in bonds that pay interest exempt from federal, New York state, and New York City income taxes, and at least 80% of the fund's income is expected to be exempt from federal, New York state, and New York City income taxes. ## Key Facts | Metric | Value | |---|---| | Price | $10.24 | | Expense Ratio | 0.53% | | Assets Under Management | $406.0M | | NAV | $10.24 | | Holdings Count | — | | Distribution Yield (TTM) | 3.84% | | Annual Distribution (TTM) | $0.39 /share | | Distribution Frequency | Monthly | | 52-Week Range | $9.92 – $10.92 | | Beta | 1.14 | ## Latest Distribution - Amount: $0.0329 /share - Ex-date: 2026-09-29 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does PRNYX invest in? The fund invests so that, under normal market conditions, at least 80% of its net assets (including any borrowings for investment purposes) are invested in bonds that pay interest exempt from federal, New York state, and New York City income taxes, and at least 80% of the fund's income is expected to be exempt from federal, New York state, and New York City income taxes. ### What is the expense ratio of PRNYX? T. Rowe Price NY Tax-Free Bond (PRNYX) charges an expense ratio of 0.53%. This is the annual fee deducted from fund assets to cover management and operations. ### What is PRNYX's dividend yield? PRNYX's trailing-twelve-month yield is 3.84%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of PRNYX? Effective duration measures PRNYX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PRNYX's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of PRNYX? PRNYX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of PRNYX? Yield to maturity (YTM) is the total return you'd earn from PRNYX if every bond in the portfolio is held to maturity at the current price. PRNYX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does PRNYX pay a dividend? Yes, T. Rowe Price NY Tax-Free Bond (PRNYX) distributes dividends to shareholders. The trailing-twelve-month yield is 3.84%. Full dividend history is on this page. ### How often does PRNYX pay dividends? T. Rowe Price NY Tax-Free Bond pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is PRNYX's next ex-dividend date? The most recently announced ex-dividend date for PRNYX was 2026-09-29. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will PRNYX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.53% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PRNYX charge its expense ratio? The expense ratio is deducted in tiny daily slices from PRNYX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PRNYX cost more than a fund like VOO? PRNYX is actively managed (current expense ratio 0.53%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether PRNYX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PRNYX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PRNYX (0.53%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/prnyx - Distribution history: https://www.dividenddata.com/funds/prnyx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/prnyx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/prnyx/expenses - Peer comparison: https://www.dividenddata.com/funds/prnyx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.