TFILX – T. Rowe Price Core Municipal Bond I Investment Strategy | Morningstar

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Strategy

The investment seeks a high level of income exempt from federal income taxes by investing primarily in long-term investment-grade municipal securities. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in municipal bonds whose income is exempt from regular federal income taxes. Any derivatives that provide exposure to the investment focus suggested by the fund’s name, or to one or more market risk factors associated with the investment focus suggested by the fund’s name, are counted (as applicable) toward compliance with the fund’s 80% investment policy.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PRTAX	T. Rowe Price Core Municipal Bond Fund	No Load	Open			Oct 26, 1976	$696.15M	0.410%	Low	$2,500	−$39.23M
PATAX	T. Rowe Price Core Municipal Bond Fund Advisor Class	No Load	Open			Sep 30, 2002	$21.79M	0.760%	High	$2,500	−$6.17M
TFILX	T. Rowe Price Core Municipal Bond Fund I Class	Institutional	Open			Jul 6, 2017	$1.36B	0.360%	Low	$500,000	−$106.83M

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