See what your fund actually adds
T. Rowe Price Intermediate Municipal Bond Fund Investor Class PRSMX
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | PRSMX | Replication |
|---|---|---|
| Annualized growth | 0.3% | 0.5% |
| Annualized volatility | 4.2% | 4.2% |
| Sharpe ratio | 0.09 | 0.13 |
| Maximum drawdown | 11.1% | 10.4% |
| Replication fit (R²) | 0.98 · Tracking error 0.6% | |
Replication portfolio
The published portfolio below is the investable basket used to model PRSMX’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| MUB | FI · Municipal | 82.3% |
| VCSH | FI · Short Corp | 10.7% |
| STIP | FI · Short TIPS | 6.9% |