T. Rowe Price Tax Free Income Fund I Class

Frequently Asked Questions About TFILX

What does TFILX invest in?

The fund primarily aims for at least 80% of its income to be exempt from federal income tax. Although it can acquire securities of any duration, the strategy typically focuses on longer-term municipal bonds. A substantial portion of its portfolio is allocated to investment-grade debt, which includes securities rated within the top four categories by a major credit agency, or those deemed to be of comparable quality by T. Rowe Price if they are unrated.

What is the expense ratio of TFILX?

T. Rowe Price Tax Free Income Fund I Class (TFILX) charges an expense ratio of 0.36%. This is the annual fee deducted from fund assets to cover management and operations.

What is TFILX's dividend yield?

TFILX's trailing-twelve-month yield is 4.01%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of TFILX?

Effective duration measures TFILX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. TFILX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of TFILX?

TFILX'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 TFILX?

Yield to maturity (YTM) is the total return you'd earn from TFILX if every bond in the portfolio is held to maturity at the current price. TFILX'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.