T. Rowe Price Tax-Free Income's experienced team uses a research-intensive approach that has provided solid downside protection in rocky muni markets over the past decade. The strategy's cheapest share classes earn a Morningstar Analyst Rating of Silver, while its most expensive share class is rated Neutral.
Morningstar’s Fund Analysis PRTAX
Will PRTAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PRTAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PRTAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PRTAX’s parent organization’s priorities and whether they’re in line with investors’ interests.