What does T. Rowe Price Tax Free Income Fund I Class do?

T. Rowe Price Tax Free Income Fund I Class (TFILX) operates in the Asset Management - Income industry within the Financial Services sector. Full company description, peers, and segment breakdown are on the page above.

What is TFILX's market cap?

T. Rowe Price Tax Free Income Fund I Class (TFILX) has a market capitalization of approximately $2.31 billion, as of July 23, 2026, based on the most recent share price and shares outstanding.

Does TFILX pay a dividend?

Yes — T. Rowe Price Tax Free Income Fund I Class (TFILX) pays a dividend monthly, with a trailing-twelve-month yield of 3.89%. Full distribution history, payout ratios, and growth rates are on the Dividend tab.

TFILX

T. Rowe Price Tax Free Income Fund I Class

NASDAQ·Asset Management, Income · Financial Services

$9.28$0.07−0.75%

Market cap$2.31B·Market closed·Jul 23 8:00 PM UTC

Price Chart

$9.28−$0.07 (−0.75%)today

−12.45%CAGR −2.63%

Select date range

FromTo

Jul 13, 2017Jul 24, 2021 → Jul 24, 2026· 5.0 yrsJul 24, 2026

Key Metrics

DividendDividend Tab

Dividend Yield (FWD)3.85%

Annual Dividend (FWD)$0.36

Dividend Growth (5Y)+6.5%

Dividend Safety—

Payout Ratio—

FCF Payout Ratio—

Most Recent Dividend$0.030

Ex-Dividend DateJun 29

Payment DateJun 30

EarningsEarnings Tab

EPS (FWD)—

P/E Ratio (FWD)—

EPS Growth (1Y)—

EPS Growth (3Y)—

EPS Growth (5Y)—

Next Earnings Date—

Last Report Date—

Reported vs Estimate—

Earnings Surprise—

FinancialsFinancials Tab

Revenue$3.93M

Net Income$3.08M

Net Margin78.4%

Operating Cash Flow$43.42M

Capital Expenditures$0.00

Free Cash Flow$43.42M

Return on Equity3.7%

Return on Invested Capital0.7%

Net Cash$182.43K

Value Graph

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EPS · Price vs. Fair Value Price Fair

Income Statement Flow

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About T. Rowe Price Tax Free Income Fund I Class

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.

Sector: Financial Services
Industry: Asset Management - Income
Exchange: NASDAQ
Website: www.troweprice.com/financial-intermediary/us/en/investments/mutual-funds/us-products/tax-free-income-fund/i-class.html

Peers

Peers Tab

PRTAX

T. Rowe Price Tax-Free Income Fd

Cap

$2.3B

FRFZX

PGIM Floating Rate Income Fund- Class Z

Cap

$2.0B

TRJWX

T. Rowe Price Retirement Balanced ClassI

Cap

$2.2B

Latest News

News Tab

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Frequently Asked Questions About TFILX

What does T. Rowe Price Tax Free Income Fund I Class do?: T. Rowe Price Tax Free Income Fund I Class (TFILX) operates in the Asset Management - Income industry within the Financial Services sector. Full company description, peers, and segment breakdown are on the page above.
What is TFILX's market cap?: T. Rowe Price Tax Free Income Fund I Class (TFILX) has a market capitalization of approximately $2.31 billion, as of July 23, 2026, based on the most recent share price and shares outstanding.
Does TFILX pay a dividend?: Yes — T. Rowe Price Tax Free Income Fund I Class (TFILX) pays a dividend monthly, with a trailing-twelve-month yield of 3.89%. Full distribution history, payout ratios, and growth rates are on the Dividend tab.