T. Rowe Price VA Tax-Free Bond (PRVAX - MF report) a Zacks Ranked #2 (Buy) seeks the highest level of income exempt from federal and Virginia state income taxes by investing primarily in investment-grade Virginia municipal bonds. PRVAX invests a major portion of its net assets in investment-grade Virginia municipal bonds. PRVAX declares dividends on daily basis and are distributed on the first business day of each month. Capital gains are distributed in December.
The T. Rowe Price VA Tax-Free Bond fund, managed by T. Rowe Price , carries an expense ratio of 0.47. Moreover, PRVAX requires a minimal initial investment of $2,500.
PRVAX has a history of strong positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 3.41%, 3 year 3.03%, and 5 year 4.42%. To see how this fund performed compared in its category, please click here.
PRVAX’s performance, as of the last filing, when compared to funds in its category was in the top 24% in 1 year, top 13% over the past 3 years, and in the 14% over the past 5 years.
Comments
Log in or sign up to join the conversation.