T. Rowe Price VA Tax-Free Bond Fund (PRVAX) seeks highest level of income exempt from federal and Virginia state income taxes by investing primarily in investment-grade Virginia municipal bonds. PRVAX invests at least 80% of net assets in investment-grade Virginia municipal bonds.
This Muni Bond product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 3.7% and 5 year 3.1%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
PRVAX’s performance, as of the last filing, when compared to funds in its category was in the top 15% over the past 1 year, and in the top 14% over the past 3 years and in the top 9% over the past 5 years.
This Zacks Rank #2 (Buy) was incepted in April 1991 and is managed by T. Rowe Price. PRVAX carries an expense ratio of 0.47% and requires a minimal initial investment of $2,500.
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