T. Rowe Virginia Tax Free Bond Fund

Class No Load (PRVAX)
Scorecard
4 / 5 Stars
Lipper
4 5 3 5 2
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
5 / 5 Stars
TheStreet.com
A (Buy)

#4 in Muni Single State Long

U.S. News evaluated 80 Muni Single State Long Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned -0.99 percent over the past year, 5.58 percent over the past three years, 5.59 percent over the past five years, and 4.02 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 3.4%
1 Year -1.0%
3 Years (Annualized) 5.6%
5 Years (Annualized) 5.6%
10 Years (Annualized) 4.0%

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Summary

The investment seeks to provide, consistent with prudent portfolio management, the highest level of income exempt from federal and Virginia state income taxes. The fund will invest 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 and Virginia state income taxes, and at least 80% of the fund's income is expected to be exempt from federal and Virginia state income taxes. It may invest up to 10% of its total assets in noninvestment-grade securities, known as "junk" bonds in the taxable bond markets. The fund is non-diversified.

Fees

Fees are Low compared to funds in the same category.
T. Rowe Virginia Tax Free Bond Fund has an expense ratio of 0.47 percent.

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Risk

Risk is Average compared to funds in the same category according to Morningstar.

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