# T. Rowe Price Intermediate Municipal Bond Fund I Class (PRTMX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/prtmx 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: 2019-03-05 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 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. ## Key Facts | Metric | Value | |---|---| | Price | $11.07 | | Expense Ratio | 0.29% | | Assets Under Management | $5.01B | | NAV | $11.07 | | Holdings Count | — | | Distribution Yield (TTM) | 3.46% | | Annual Distribution (TTM) | $0.38 /share | | Distribution Frequency | Monthly | | 52-Week Range | $10.75 – $11.65 | | Beta | 0.76 | ## Latest Distribution - Amount: $0.0324 /share - Ex-date: 2026-09-29 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does PRTMX invest in? 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 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. ### What is the expense ratio of PRTMX? T. Rowe Price Intermediate Municipal Bond Fund I Class (PRTMX) charges an expense ratio of 0.29%. This is the annual fee deducted from fund assets to cover management and operations. ### What is PRTMX's dividend yield? PRTMX's trailing-twelve-month yield is 3.46%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of PRTMX? Effective duration measures PRTMX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PRTMX's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of PRTMX? PRTMX'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 PRTMX? Yield to maturity (YTM) is the total return you'd earn from PRTMX if every bond in the portfolio is held to maturity at the current price. PRTMX'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 PRTMX pay a dividend? Yes, T. Rowe Price Intermediate Municipal Bond Fund I Class (PRTMX) distributes dividends to shareholders. The trailing-twelve-month yield is 3.46%. Full dividend history is on this page. ### How often does PRTMX pay dividends? T. Rowe Price Intermediate Municipal Bond Fund I Class pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is PRTMX's next ex-dividend date? The most recently announced ex-dividend date for PRTMX 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 PRTMX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.29% 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 PRTMX charge its expense ratio? The expense ratio is deducted in tiny daily slices from PRTMX'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 PRTMX cost more than a fund like VOO? PRTMX is actively managed (current expense ratio 0.29%). 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 PRTMX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PRTMX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PRTMX (0.29%) 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/prtmx - Distribution history: https://www.dividenddata.com/funds/prtmx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/prtmx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/prtmx/expenses - Peer comparison: https://www.dividenddata.com/funds/prtmx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.