T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
November
30,
2022
(Unaudited)
Portfolio
of
Investments
‡
Par
$
Value
(Amounts
in
000s)
‡
MUNICIPAL
SECURITIES
98.8%
ALABAMA
1.6%
Black
Belt
Energy
Gas
Dist.,
VRDN,
4.00%,
10/1/52
(Tender
12/1/26)
5,700
5,643
Black
Belt
Energy
Gas
Dist.,
Series A-1,
VRDN,
4.00%,
12/1/49
(Tender
12/1/25)
2,500
2,490
Black
Belt
Energy
Gas
Dist.,
Series B,
VRDN,
4.00%,
10/1/52
(Tender
12/1/26)
1,615
1,599
Black
Belt
Energy
Gas
Dist.,
Series D-1,
VRDN,
4.00%,
7/1/52
(Tender
6/1/27)
4,890
4,909
Lower
Alabama
Gas
Dist.,
VRDN,
4.00%,
12/1/50
(Tender
12/1/25)
11,950
11,908
Southeast
Energy
Auth.,
Series B,
VRDN,
4.00%,
12/1/51
(Tender
12/1/31)
3,850
3,704
30,253
ALASKA
0.2%
Alaska
HFC,
State
Capital
Project,
Series A,
4.00%,
6/1/26
1,375
1,423
Alaska
HFC,
State
Capital
Project,
Series A,
5.00%,
12/1/26
900
968
Alaska
HFC,
State
Capital
Project,
Series A,
5.00%,
6/1/27
750
814
Alaska
HFC,
State
Capital
Project,
Series A,
5.00%,
12/1/27
930
1,017
4,222
ARIZONA
1.4%
Maricopa
County
IDA,
Banner
Health
Group,
Series C,
FRN,
100%
of
MUNIPSA
+
0.57%,
2.47%,
1/1/35
(Tender
10/18/24)
6,995
6,964
Maricopa
County
IDA,
Banner
Health
Group,
Series D,
VRDN,
5.00%,
1/1/46
(Tender
5/15/26)
7,000
7,423
Phoenix
Civic
Improvement,
Junior
Lien,
Series B,
5.00%,
7/1/23 (1)
2,000
2,023
Phoenix
Civic
Improvement,
Junior
Lien,
Series B,
5.00%,
7/1/24 (1)
1,000
1,029
Phoenix
Civic
Improvement,
Junior
Lien,
Series B,
5.00%,
7/1/25 (1)
1,250
1,299
Salt
River
Agricultural
Improvement
&
Power
Dist.,
5.00%,
1/1/24
5,350
5,491
Salt
River
Agricultural
Improvement
&
Power
Dist.,
Series A,
5.00%,
1/1/27
1,500
1,638
25,867
CALIFORNIA
9.4%
California,
GO,
5.00%,
11/1/23
10,500
10,749
California,
GO,
5.00%,
9/1/25
11,720
12,497
California,
GO,
5.00%,
9/1/25
5,775
6,158
California,
GO,
5.00%,
9/1/26
11,750
12,782
California,
GO,
5.00%,
8/1/27
1,050
1,140
California
HFFA,
Lucile
Salter
Packard
Children's
Hospital,
5.00%,
5/15/23
550
555
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
Par
$
Value
(Amounts
in
000s)
California
HFFA,
Lucile
Salter
Packard
Children's
Hospital,
5.00%,
5/15/24
1,200
1,236
California
HFFA,
Lucile
Salter
Packard
Children's
Hospital,
5.00%,
5/15/25
1,600
1,682
California
HFFA,
Lucile
Salter
Packard
Children's
Hospital,
5.00%,
5/15/26
1,000
1,070
California
HFFA,
Lucile
Salter
Packard
Children's
Hospital,
5.00%,
5/15/27
275
299
California
Infrastructure
&
Economic
Dev.
Bank,
Series B,
FRN,
100%
of
MUNIPSA
+
0.70%,
2.60%,
12/1/50
(Tender
6/1/26)
1,175
1,132
California
Infrastructure
&
Economic
Dev.
Bank,
Series D,
FRN,
100%
of
MUNIPSA
+
0.35%,
2.25%,
8/1/47
(Tender
8/1/24)
2,025
1,995
California
Statewide
CDA,
Kaiser
Permanente
Revenue
Bonds,
Series C-1,
VRDN,
5.00%,
4/1/46
(Tender
11/1/29)
11,515
13,066
California
Statewide
CDA,
Methodist
Hosp.
of
Southern
CA,
5.00%,
1/1/23
500
501
California
Statewide
CDA,
Methodist
Hosp.
of
Southern
CA,
5.00%,
1/1/24
600
612
California
Statewide
CDA,
Methodist
Hosp.
of
Southern
CA,
5.00%,
1/1/25
1,025
1,056
California
Statewide
CDA,
Methodist
Hosp.
of
Southern
CA,
5.00%,
1/1/26
1,125
1,172
California,
Various
Purpose,
GO,
4.00%,
3/1/24
18,780
19,152
California,
Various
Purpose,
GO,
4.00%,
3/1/27
8,740
9,249
Golden
State
Tobacco
Securitization,
Series A-1,
5.00%,
6/1/25 (2)
4,120
4,365
Golden
State
Tobacco
Securitization,
Series A-1,
5.00%,
6/1/29
(Prerefunded
6/1/27) (3)
20,045
22,076
Golden
State
Tobacco
Securitization,
Asset
Backed,
5.00%,
6/1/40
(Prerefunded
6/1/25) (3)
5,000
5,308
Los
Angeles
Dept.
of
Airports,
Series A,
5.00%,
5/15/26 (1)
2,385
2,516
Los
Angeles
Dept.
of
Airports,
Series A,
5.00%,
5/15/29 (1)
4,000
4,345
Los
Angeles
Dept.
of
Water
&
Power,
Series E,
5.00%,
7/1/26 (4)
1,000
1,085
Los
Angeles
Dept.
of
Water
&
Power,
Series E,
5.00%,
7/1/27 (4)
750
830
Los
Angeles
Unified
School
Dist.,
Series C,
GO,
5.00%,
7/1/25
3,340
3,470
Los
Angeles
Wastewater
System
Revenue,
Series C,
5.00%,
6/1/28
4,000
4,511
Metropolitan
Water
Dist.
of
Southern
California,
Series A,
5.00%,
10/1/26
1,300
1,420
Metropolitan
Water
Dist.
of
Southern
California,
Series A,
5.00%,
10/1/27
1,000
1,114
Metropolitan
Water
Dist.
of
Southern
California,
Series A,
5.00%,
10/1/28
2,500
2,838
Northern
California
Gas
Auth.
No.
1,
Series B,
FRN,
67%
of
3M
USD
LIBOR
+
0.72%,
3.228%,
7/1/27
3,145
3,046
Port
of
Oakland,
Series H,
5.00%,
5/1/23 (1)(2)
180
182
Port
of
Oakland,
Series H,
5.00%,
5/1/24 (1)
2,875
2,953
Port
of
Oakland,
Series H,
5.00%,
5/1/24 (1)(2)
225
232
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
Par
$
Value
(Amounts
in
000s)
Sacramento
Municipal
Utility
Dist.,
Series J,
5.00%,
8/15/25
750
797
Sacramento
Municipal
Utility
Dist.,
Series J,
5.00%,
8/15/26
2,700
2,923
Sacramento
Municipal
Utility
Dist.,
Series J,
5.00%,
8/15/27
830
915
San
Diego
Assoc.
of
Govt's,
Green
Bond-Mid
Coast
Corridor,
5.00%,
11/15/23
(Prerefunded
12/23/22) (3)
5,000
5,007
San
Diego
County
Regional
Airport
Auth.,
Series B,
5.00%,
7/1/25 (1)
1,000
1,039
San
Francisco
City
&
County
Int'l.
Airport,
Series A,
5.00%,
5/1/28 (1)
3,185
3,406
San
Francisco
City
&
County
Int'l.
Airport,
Series D,
5.00%,
5/1/23 (2)
600
606
Univ.
of
California,
Regents,
Series AK,
VRDN,
5.00%,
5/15/48
(Tender
5/15/23)
6,000
6,069
177,156
COLORADO
3.2%
Colorado,
Series A,
COP,
5.00%,
12/15/24
2,830
2,963
Colorado,
Series A,
COP,
5.00%,
12/15/27
3,000
3,319
Colorado,
Series A,
COP,
5.00%,
12/15/28
9,205
10,301
Colorado
HFA,
Christian
Living
Neighborhoods,
5.00%,
1/1/23
750
750
Colorado
HFA,
Christian
Living
Neighborhoods,
5.00%,
1/1/24
630
628
Colorado
HFA,
Christian
Living
Neighborhoods,
5.00%,
1/1/25
600
596
Colorado
HFA,
Christian
Living
Neighborhoods,
5.00%,
1/1/26
550
545
Colorado
HFA,
Commonspirit
Health,
Series B-2,
VRDN,
5.00%,
8/1/49
(Tender
8/1/26)
1,385
1,442
Colorado
HFA,
Sanford
Health,
Series A,
5.00%,
11/1/23
1,600
1,634
Colorado
HFA,
Sanford
Health,
Series A,
5.00%,
11/1/25
2,150
2,267
Colorado
HFA,
Sanford
Health,
Series A,
5.00%,
11/1/27
2,080
2,247
Denver
City
&
County,
Series A,
5.00%,
8/1/23
2,345
2,383
Denver
City
&
County
Airport
System
Revenue,
Series 2017A,
5.00%,
11/15/29 (1)
5,660
6,027
Denver
City
&
County
Airport
System
Revenue,
Series 2017A,
5.00%,
11/15/30 (1)
1,000
1,064
Denver
City
&
County
Airport
System
Revenue,
Series 2018A,
5.00%,
11/15/29 (1)
5,000
5,440
Denver
City
&
County
Airport
System
Revenue,
Series 2022A,
5.00%,
11/15/30 (1)
5,000
5,491
Denver
City
&
County
Airport
System
Revenue,
Series A,
5.00%,
12/1/31 (1)
2,000
2,132
Denver
City
&
County
Airport
System
Revenue,
Series B,
4.00%,
11/15/31
(Prerefunded
12/8/22) (3)
2,970
2,971
Denver
City
&
County
Airport
System
Revenue,
Series B,
5.00%,
11/15/25
(Prerefunded
12/8/22) (3)
1,575
1,576
Denver
Convention
Center
Hotel
Auth.,
5.00%,
12/1/22
2,350
2,350
E-470
Public
Toll
Highway,
Series A,
5.00%,
9/1/26
1,250
1,344
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
Par
$
Value
(Amounts
in
000s)
E-470
Public
Toll
Highway,
Series B,
FRN,
67%
of
SOFR
+
0.35%,
2.903%,
9/1/39
(Tender
9/1/24)
2,750
2,723
60,193
CONNECTICUT
0.8%
Connecticut,
Series D,
GO,
5.00%,
9/15/26
1,000
1,081
Connecticut,
Series D,
GO,
5.00%,
9/15/27
1,000
1,101
Connecticut,
Series D,
GO,
5.00%,
9/15/28
1,000
1,119
Connecticut,
Series F,
GO,
5.00%,
11/15/25
2,390
2,548
Connecticut
Special
Tax
Revenue,
Special
Tax
Obligation
Bonds,
Series A,
5.00%,
5/1/26
5,000
5,373
Connecticut
State
HEFA,
5.00%,
7/1/24
375
379
Connecticut
State
HEFA,
Series 2015-A,
VRDN,
0.375%,
7/1/35
(Tender
7/12/24)
3,475
3,297
14,898
DELAWARE
0.4%
Delaware
River
&
Bay
Auth.,
5.00%,
1/1/31
1,000
1,156
Delaware
Transportation
Auth.,
5.00%,
7/1/24
5,000
5,189
Delaware
Transportation
Auth.,
5.00%,
9/1/24
750
780
7,125
DISTRICT
OF
COLUMBIA
2.5%
Dist.
of
Columbia,
Series A,
5.00%,
3/1/26
5,000
5,373
District
of
Columbia,
Income
Tax,
Series A,
5.00%,
3/1/26
3,100
3,331
District
of
Columbia,
Income
Tax,
Series B,
5.00%,
12/1/26
(Prerefunded
12/1/22) (3)
500
500
Metropolitan
Washington
Airports
Auth.,
5.00%,
10/1/24 (1)
1,400
1,444
Metropolitan
Washington
Airports
Auth.,
Series 2018A,
5.00%,
10/1/24 (1)
3,975
4,101
Metropolitan
Washington
Airports
Auth.,
Series 2018A,
5.00%,
10/1/28 (1)
4,300
4,629
Metropolitan
Washington
Airports
Auth.,
Series 2021A,
5.00%,
10/1/28 (1)
3,000
3,230
Metropolitan
Washington
Airports
Auth.,
Series A,
5.00%,
10/1/25 (1)
5,000
5,237
Metropolitan
Washington
Airports
Auth.,
Series A,
5.00%,
10/1/26 (1)
1,500
1,520
Metropolitan
Washington
Airports
Auth.,
Aviation
Revenue,
Series 2019A,
5.00%,
10/1/26 (1)
4,095
4,334
Metropolitan
Washington
Airports
Auth.,
Aviation
Revenue,
Series 2021A,
5.00%,
10/1/26 (1)
4,705
4,980
Metropolitan
Washington
Airports
Auth.,
Aviation
Revenue,
Series A,
5.00%,
10/1/27 (1)
7,000
7,475
Metropolitan
Washington
Airports
Auth.,
Aviation
Revenue,
Series B,
5.00%,
10/1/24
270
281
46,435
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
Par
$
Value
(Amounts
in
000s)
FLORIDA
6.1%
Alachua
County
HFA,
Shands
Teaching
Hosp.,
5.00%,
12/1/25
1,225
1,291
Alachua
County
HFA,
Shands
Teaching
Hosp.,
5.00%,
12/1/26
500
534
Alachua
County
HFA,
Shands
Teaching
Hosp.,
VRDN,
5.00%,
12/1/37
(Tender
12/1/26)
6,300
6,671
Brevard
County
HFA,
Health
First,
5.00%,
4/1/26
220
226
Broward
County
Airport
System,
5.00%,
10/1/23 (1)
675
685
Broward
County
Airport
System,
Series A,
5.00%,
10/1/23 (1)
1,250
1,268
Broward
County
Airport
System,
Series A,
5.00%,
10/1/24 (1)
1,250
1,288
Broward
County
Airport
System,
Series A,
5.00%,
10/1/25 (1)
2,065
2,153
Broward
County
Airport
System,
Series B,
5.00%,
10/1/23 (1)
1,375
1,395
Broward
County
Airport
System,
Series B,
5.00%,
10/1/24 (1)
1,400
1,443
Broward
County
Airport
System,
Series B,
5.00%,
10/1/25 (1)
1,500
1,564
Broward
County
Airport
System,
Series C,
5.00%,
10/1/25 (1)
1,235
1,288
Broward
County
Airport
System,
Series Q-1,
5.00%,
10/1/25
4,315
4,323
Capital
Projects
Fin.
Auth.,
Florida
Univ.
Project,
Series A-1,
5.00%,
10/1/24
550
559
Capital
Projects
Fin.
Auth.,
Florida
Univ.
Project,
Series A-1,
5.00%,
10/1/25
500
510
Central
Florida
Expressway
Auth.,
Senior
Lien,
5.00%,
7/1/23
740
750
Central
Florida
Expressway
Auth.,
Senior
Lien,
5.00%,
7/1/24
250
259
Duval
County
Public
Schools,
Series A,
COP,
5.00%,
7/1/27 (4)(5)
2,750
2,995
Florida
DOT,
Federal
Highway
Reimbursement,
Series A,
5.00%,
7/1/24
3,030
3,135
Florida
DOT,
Right
of
Way
Acquisition
&
Bridge
Construction,
Series A,
GO,
5.00%,
7/1/27
4,290
4,734
Florida
DOT,
Turnpike
System,
Series A,
4.00%,
7/1/30
4,000
4,072
Florida
Lottery
Revenue,
Series 2016A,
5.00%,
7/1/27
3,696
3,980
Florida
Lottery
Revenue,
Series 2019A,
5.00%,
7/1/27
4,745
5,208
Florida,
Board
of
Ed.,
Capital
Outlay,
Series 2017B,
GO,
5.00%,
6/1/25
7,340
7,769
Florida,
Board
of
Ed.,
Capital
Outlay,
Series 2022B,
GO,
5.00%,
6/1/25
3,000
3,175
Florida,
Board
of
Ed.,
Capital
Outlay,
Series C,
GO,
5.00%,
6/1/25
5,610
5,806
Florida,
Board
of
Ed.,
Capital
Outlay,
Series E,
GO,
5.00%,
6/1/25
7,425
7,859
Florida,
Board
of
Ed.,
Capital
Outlay,
Series E,
GO,
5.00%,
6/1/31
9,065
9,567
Greater
Orlando
Aviation
Auth.,
Series A,
5.00%,
10/1/23 (1)(2)
2,000
2,033
Greater
Orlando
Aviation
Auth.,
Series A,
5.00%,
10/1/28 (1)
3,000
3,230
Greater
Orlando
Aviation
Auth.,
Unrefunded
Balance,
5.00%,
10/1/23 (1)
1,455
1,479
Miami-Dade
County
Aviation,
Series A,
5.00%,
10/1/30 (1)
300
309
Miami-Dade
County
Expressway
Auth.,
Series A,
5.00%,
7/1/24
1,530
1,542
Miami-Dade
County
Expressway
Auth.,
Series A,
5.00%,
7/1/30
2,000
2,052
Miami-Dade
County
Expressway
Auth.,
Series A,
5.00%,
7/1/31
2,000
2,049
Miami-Dade
County
Expressway
Auth.,
Series B,
5.00%,
7/1/25 (6)
4,870
5,040
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
Par
$
Value
(Amounts
in
000s)
Orange
County
HFA,
Series C,
VRDN,
5.00%,
11/15/52
(Tender
11/15/26)
205
221
Orange
County
HFA,
Unrefunded
Balance,
Series C,
VRDN,
5.00%,
11/15/52
(Tender
11/15/26)
3,195
3,415
Orange
County
School
Board,
Series C,
COP,
5.00%,
8/1/28
1,750
1,951
Palm
Beach
County
HFA,
Baptist
Health
South
Florida,
5.00%,
8/15/23
800
813
Palm
Beach
County
HFA,
Baptist
Health
South
Florida,
5.00%,
8/15/24
1,010
1,047
Palm
Beach
County
HFA,
Baptist
Health
South
Florida,
5.00%,
8/15/25
620
651
Palm
Beach
County
HFA,
Baptist
Health
South
Florida,
5.00%,
8/15/26
600
639
Village
Community
Dev.
Dist.
No.
14,
4.00%,
5/1/27
2,535
2,517
113,495
GEORGIA
5.5%
Atlanta
Dept.
of
Aviation,
Series B,
5.00%,
7/1/25 (1)
2,635
2,750
Atlanta
Dept.
of
Aviation,
Series B,
5.00%,
7/1/26 (1)
5,095
5,376
Atlanta
Dept.
of
Aviation,
Series B,
5.00%,
7/1/27 (1)
3,810
4,057
Atlanta
Dept.
of
Aviation,
Series B,
5.00%,
7/1/28 (1)
3,800
4,080
Atlanta
Water
&
Wastewater,
5.00%,
11/1/31
5,000
5,261
Burke
County
Dev.
Auth.,
Georgia
Power
Plant
Vogtle,
VRDN,
1.45%,
11/1/52 (1)
160
160
Burke
County
Dev.
Auth.,
Georgia
Power
Plant
Vogtle,
VRDN,
2.15%,
10/1/32
(Tender
6/13/24)
7,775
7,559
Burke
County
Dev.
Auth.,
Georgia
Power
Plant
Vogtle,
VRDN,
2.25%,
10/1/32
(Tender
5/25/23)
2,450
2,431
Cobb
County
Kennestone
Hosp.
Auth.,
RAC,
5.00%,
4/1/23
350
352
Cobb
County
Kennestone
Hosp.
Auth.,
RAC,
5.00%,
4/1/24
650
667
Cobb
County
Kennestone
Hosp.
Auth.,
RAC,
5.00%,
4/1/25
350
364
Cobb
County
Kennestone
Hosp.
Auth.,
WellStar
Health,
RAC,
5.00%,
4/1/24
85
86
Fulton
County
Dev.
Auth.,
WellStar
Health,
Series A,
RAC,
5.00%,
4/1/24
500
513
Fulton
County
Dev.
Auth.,
WellStar
Health,
Series A,
RAC,
5.00%,
4/1/25
400
416
Gainesville
&
Hall
County
Hosp.
Auth.,
Northeast
Georgia
Health
System,
Series A,
5.00%,
2/15/25
245
253
Gainesville
&
Hall
County
Hosp.
Auth.,
Northeast
Georgia
Health
System,
Series B,
5.00%,
2/15/23
500
503
Gainesville
&
Hall
County
Hosp.
Auth.,
Northeast
Georgia
Health
System,
Series B,
5.00%,
2/15/24
750
770
Georgia,
Series C,
GO,
4.00%,
7/1/25
5,000
5,177
Georgia
Ports
Auth.,
5.00%,
7/1/26
750
810
Georgia
Ports
Auth.,
5.00%,
7/1/27
1,125
1,237
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
Par
$
Value
(Amounts
in
000s)
Glynn-Brunswick
Memorial
Hosp.
Auth.,
Southeast
Georgia
Health,
RAC,
5.00%,
8/1/24
4,535
4,639
Glynn-Brunswick
Memorial
Hosp.
Auth.,
Southeast
Georgia
Health,
RAC,
5.00%,
8/1/25
4,760
4,921
Glynn-Brunswick
Memorial
Hosp.
Auth.,
Southeast
Georgia
Health,
RAC,
5.00%,
8/1/27
1,500
1,546
LaGrange-Troup
County
Hosp.
Auth.,
WellStar
Health,
RAC,
5.00%,
4/1/23
325
327
LaGrange-Troup
County
Hosp.
Auth.,
WellStar
Health,
RAC,
5.00%,
4/1/25
500
520
Main
Street
Natural
Gas,
Series A,
5.00%,
5/15/24
500
508
Main
Street
Natural
Gas,
Series A,
VRDN,
4.00%,
7/1/52
(Tender
9/1/27)
3,100
3,106
Main
Street
Natural
Gas,
Series E,
FRN,
100%
of
MUNIPSA
+
0.57%,
2.47%,
8/1/48
(Tender
12/1/23)
5,000
4,949
Main
Street
Natural
Gas,
Georgia
Municipal
Gas
Auth.,
Series B,
VRDN,
4.00%,
8/1/49
(Tender
12/2/24)
10,210
10,276
Main
Street
Natural
Gas,
Georgia
Municipal
Gas
Auth.,
Series C,
VRDN,
4.00%,
8/1/48
(Tender
12/1/23)
6,050
6,072
Main
Street
Natural
Gas,
Georgia
Municipal
Gas
Auth.,
Series C,
VRDN,
4.00%,
3/1/50
(Tender
9/1/26)
6,865
6,781
Main
Street
Natural
Gas,
Georgia
Municipal
Gas
Auth.,
Series C,
VRDN,
4.00%,
5/1/52
(Tender
12/1/28)
2,525
2,468
Main
Street
Natural
Gas,
Georgia
Municipal
Gas
Auth.,
Series D,
FRN,
67%
of
1M
USD
LIBOR
+
0.83%,
3.354%,
8/1/48
(Tender
12/1/23)
9,200
9,134
Metro
Atlanta
Rapid
Transit
Auth.,
Series A,
5.00%,
7/1/42
(Prerefunded
7/1/25) (3)
2,000
2,118
Municipal
Electric
Auth.
of
Georgia,
General
Power,
5.00%,
1/1/23
550
551
Municipal
Electric
Auth.
of
Georgia,
Project
1,
Series R,
5.00%,
1/1/23
2,750
2,755
103,493
HAWAII
0.2%
Hawaii,
Series FT,
GO,
5.00%,
1/1/24
4,000
4,105
4,105
ILLINOIS
4.6%
Chicago
Midway
Int'l.
Airport,
Series A,
5.00%,
1/1/25 (1)
2,470
2,509
Chicago
Midway
Int'l.
Airport,
Series B,
5.00%,
1/1/26
1,000
1,001
Chicago
O'Hare
Int'l
Airport,
Series C,
5.00%,
1/1/29
1,000
1,057
Chicago
O'Hare
Int'l.
Airport,
Series A,
5.00%,
1/1/27 (1)
6,000
6,160
Chicago
O'Hare
Int'l.
Airport,
Series B,
5.00%,
1/1/26
2,020
2,108
Chicago
Wastewater,
Series B,
5.00%,
1/1/24
2,140
2,190
Chicago
Waterworks,
5.00%,
11/1/23
3,750
3,822
Chicago
Waterworks,
5.00%,
11/1/24
3,850
3,988
Chicago
Waterworks,
Series A-1,
5.00%,
11/1/23
1,300
1,325
Chicago
Waterworks,
Series A-1,
5.00%,
11/1/24
460
476
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
Par
$
Value
(Amounts
in
000s)
Illinois,
GO,
5.00%,
2/1/25
1,055
1,085
Illinois,
GO,
5.00%,
1/1/28
2,010
2,067
Illinois,
GO,
5.00%,
2/1/29
3,925
4,069
Illinois,
Series A,
GO,
5.00%,
3/1/24
995
1,014
Illinois,
Series A,
GO,
5.00%,
10/1/25
705
727
Illinois,
Series A,
GO,
5.00%,
11/1/25
4,130
4,262
Illinois,
Series A,
GO,
5.00%,
3/1/28
2,125
2,222
Illinois,
Series A,
GO,
5.00%,
12/1/28
5,000
5,255
Illinois,
Series B,
GO,
5.00%,
3/1/24
1,325
1,350
Illinois,
Series B,
GO,
5.00%,
9/1/25
5,620
5,792
Illinois,
Series B,
GO,
5.00%,
3/1/26
1,675
1,732
Illinois,
Series B,
GO,
5.00%,
3/1/27
2,975
3,100
Illinois,
Series C,
GO,
5.00%,
11/1/29
2,500
2,605
Illinois,
Series D,
GO,
5.00%,
11/1/23
2,230
2,262
Illinois,
Series D,
GO,
5.00%,
11/1/27
4,920
5,137
Illinois
Fin.
Auth.,
Healthcare
System,
Series B-1,
VRDN,
5.00%,
5/15/50
(Tender
11/15/24)
4,925
5,051
Illinois
Fin.
Auth.,
Healthcare
System,
Series B-2,
VRDN,
5.00%,
5/15/50
(Tender
11/15/26)
8,680
9,158
Illinois
Fin.
Auth.,
Northshore
Univ.
Health,
5.00%,
8/15/24
1,000
1,038
Illinois
Fin.
Auth.,
Northshore
Univ.
Health,
5.00%,
8/15/25
1,250
1,319
Railsplitter
Tobacco
Settlement
Auth.,
5.00%,
6/1/23
1,945
1,967
Railsplitter
Tobacco
Settlement
Auth.,
5.00%,
6/1/25
1,125
1,179
87,027
INDIANA
0.1%
Indiana
Fin.
Auth.,
Methodist
Hosp.,
Series A,
5.00%,
9/15/23
815
825
Indiana
Fin.
Auth.,
Methodist
Hosp.,
Series A,
5.00%,
9/15/24
845
868
1,693
IOWA
0.8%
Iowa
Fin.
Auth.,
Unity
Point
Health,
Series E,
VRDN,
0.95%,
2/15/41
400
400
PEFA,
VRDN,
5.00%,
9/1/49
(Tender
9/1/26)
14,285
14,632
15,032
KANSAS
0.0%
Lenexa
City,
Lakeview
Village,
Health
Care
Fac.,
Series A,
5.00%,
5/15/23
650
651
651
KENTUCKY
1.4%
Ashland
Medical
Center,
DBA
King's
Daughter,
Series 2019,
5.00%,
2/1/23
625
627
Ashland
Medical
Center,
DBA
King's
Daughter,
Series 2019,
5.00%,
2/1/24
575
587
Ashland
Medical
Center,
DBA
King's
Daughter,
Series 2019,
5.00%,
2/1/25
610
628
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
Par
$
Value
(Amounts
in
000s)
Ashland
Medical
Center,
DBA
King's
Daughter,
Series 2019,
5.00%,
2/1/26
550
572
Kentucky
Economic
DFA,
Owensboro
Medical
Health,
Series A,
5.00%,
6/1/23
2,000
2,019
Kentucky
Economic
DFA,
Owensboro
Medical
Health,
Series A,
5.00%,
6/1/24
1,115
1,143
Kentucky
Economic
DFA,
Owensboro
Medical
Health,
Series A,
5.00%,
6/1/25
1,400
1,453
Kentucky
Economic
DFA,
Owensboro
Medical
Health,
Series A,
5.00%,
6/1/26
2,210
2,324
Kentucky
Public
Energy
Auth.,
Series A-1,
VRDN,
4.00%,
8/1/52
(Tender
8/1/30)
6,150
5,977
Kentucky
Public
Energy
Auth.,
Series C,
VRDN,
4.00%,
2/1/50
(Tender
2/1/28)
11,305
11,121
26,451
LOUISIANA
0.4%
Lake
Charles
Harbor
&
Terminal
Dist.,
Big
Lake
Fuels
LLC
Project,
VRDN,
1.00%,
12/1/51
(Tender
12/1/24) (1)
2,775
2,610
Louisiana
Offshore
Terminal
Auth.,
Loop
Project,
VRDN,
1.65%,
9/1/27
(Tender
12/1/23)
1,750
1,724
Louisiana
Stadium
&
Exposition
Dist.,
BAN,
4.00%,
7/3/23
1,040
1,044
New
Orleans
Aviation
Board,
Series B,
5.00%,
1/1/23 (1)
450
450
New
Orleans
Aviation
Board,
Series B,
5.00%,
1/1/24 (1)
225
229
New
Orleans
Aviation
Board,
Series B,
5.00%,
1/1/25 (1)
250
257
Saint
John
the
Baptist
Parish,
Marathon
Oil,
Series A-2,
VRDN,
2.10%,
6/1/37
(Tender
7/1/24)
2,000
1,934
8,248
MARYLAND
5.2%
Anne
Arundel
County,
GO,
5.00%,
4/1/27
1,895
2,080
Anne
Arundel
County,
Consolidated
General
Improvement,
GO,
5.00%,
4/1/25
3,330
3,512
Anne
Arundel
County,
Consolidated
General
Improvement,
GO,
5.00%,
4/1/27
3,245
3,561
Baltimore
City,
Convention
Center
Hotel,
5.00%,
9/1/23
500
499
Baltimore
City,
Convention
Center
Hotel,
5.00%,
9/1/24
1,950
1,942
Baltimore
City,
Convention
Center
Hotel,
5.00%,
9/1/25
2,040
2,027
Baltimore
County,
Series B,
GO,
5.00%,
8/1/27
5,675
5,896
Baltimore
County,
Metropolitan
Dist.
80th
Issue,
GO,
5.00%,
3/1/27
1,415
1,550
Frederick
County,
Series A,
5.00%,
7/1/24
1,000
1,031
Gaithersburg,
Asbury
Maryland
Obligation
Group,
Series B,
5.00%,
1/1/27
4,865
4,935
Harford
County,
Series B,
GO,
5.00%,
7/1/26
2,000
2,164
Maryland,
GO,
5.00%,
8/1/31
5,000
5,605
Maryland,
Series A,
GO,
5.00%,
3/15/26
4,155
4,469
Maryland,
Series B,
GO,
5.00%,
8/1/24
5,800
6,031
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
Par
$
Value
(Amounts
in
000s)
Maryland
DOT,
DOT,
4.00%,
11/1/29
1,235
1,262
Maryland
DOT,
Series A,
5.00%,
12/1/26
1,600
1,745
Maryland
DOT,
Series B,
DOT,
5.00%,
12/1/28
2,500
2,823
Maryland
DOT,
Series B,
DOT,
5.00%,
12/1/29
2,375
2,726
Maryland
Economic
Dev.,
Transportation
Fac.
Project,
Series A,
5.00%,
6/1/23
370
374
Maryland
HHEFA,
5.00%,
7/1/24
400
411
Maryland
HHEFA,
Adventist
Healthcare,
Series A,
5.25%,
1/1/25
1,000
1,031
Maryland
HHEFA,
Adventist
Healthcare,
Series A,
5.50%,
1/1/26
1,280
1,347
Maryland
HHEFA,
Adventist
Healthcare,
Series A,
5.50%,
1/1/27
2,500
2,667
Maryland
HHEFA,
Meritus
Medical
Center,
5.00%,
7/1/25
2,000
2,071
Maryland
HHEFA,
Peninsula
Regional
Health
System,
5.00%,
7/1/23
350
354
Maryland
HHEFA,
Peninsula
Regional
Health
System,
5.00%,
7/1/25
665
695
Maryland
HHEFA,
Peninsula
Regional
Health
System,
5.00%,
7/1/26
1,250
1,324
Maryland
HHEFA,
Univ.
of
Maryland
Medical
System,
Series B-1,
VRDN,
5.00%,
7/1/45
(Tender
7/1/25)
2,530
2,631
Maryland
HHEFA,
Univ.
of
Maryland
Medical
System,
Series B-2,
VRDN,
5.00%,
7/1/45
(Tender
7/1/27)
7,000
7,433
Maryland
HHEFA,
Western
Maryland
Health,
5.00%,
7/1/24 (2)
795
824
Maryland
HHEFA,
Western
Maryland
Health,
5.25%,
7/1/26
(Prerefunded
7/1/24) (3)
1,535
1,597
Maryland
HHEFA,
Western
Maryland
Health,
5.25%,
7/1/27
(Prerefunded
7/1/24) (3)
3,000
3,121
Maryland
Stadium
Auth.,
Baltimore
City
Public
Schools,
5.00%,
5/1/46
(Prerefunded
5/1/26) (3)
4,000
4,307
Montgomery
County,
Series C,
GO,
5.00%,
10/1/24
4,285
4,471
Montgomery
County,
Consolidated
Public
Improvement,
Series A,
GO,
5.00%,
8/1/27
4,810
5,312
Univ.
System
of
Maryland,
Series A,
5.00%,
4/1/26
3,000
3,224
Washington
County,
Homewood
Maryland
Obligated
Group,
4.00%,
5/1/24
635
628
Washington
County,
Homewood
Maryland
Obligated
Group,
4.00%,
5/1/25
665
652
98,332
MASSACHUSETTS
1.3%
Massachusetts
Bay
Transportation
Auth.
Sales
Tax
Revenue,
BAN,
4.00%,
5/1/25
5,000
5,160
Massachusetts
Ed.
Fin.
Auth.,
Series J,
5.00%,
7/1/23 (1)
2,000
2,023
Massachusetts
Ed.
Fin.
Auth.,
Series J,
5.00%,
7/1/24 (1)
2,000
2,054
Massachusetts
State
College
Building
Auth.,
Series A,
5.00%,
5/1/38
(Prerefunded
5/1/25) (3)
6,450
6,808
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
Par
$
Value
(Amounts
in
000s)
Massachusetts
State
College
Building
Auth.,
Series D,
5.00%,
5/1/39
(Prerefunded
5/1/25) (3)
7,575
7,996
24,041
MICHIGAN
2.2%
Detroit
City
School
Dist.,
Series C,
GO,
5.25%,
5/1/25 (7)
5,290
5,471
Detroit
Downtown
Dev.
Auth.,
Series A,
5.00%,
7/1/24 (5)
975
1,007
Great
Lakes
Water
Auth.,
Water
Supply
System,
Series A,
5.00%,
7/1/25
1,500
1,586
Great
Lakes
Water
Auth.,
Water
Supply
System,
Series D,
5.00%,
7/1/31
1,000
1,066
Great
Lakes
Water
Auth.,
Water
Supply
System,
Senior
Lien,
Series C,
5.00%,
7/1/27
5,800
6,199
Michigan
Fin.
Auth.,
Great
Lakes
Water
Auth.,
Senior
Lien,
Series C-3,
5.00%,
7/1/29 (5)
2,500
2,584
Michigan
Fin.
Auth.,
Henry
Ford
Health
System,
5.00%,
11/15/28
3,980
4,217
Michigan
Fin.
Auth.,
Local
Gov't.
Loan
Program,
Series D-2,
5.00%,
7/1/27 (5)
2,850
2,948
Michigan
Fin.
Auth.,
Local
Gov't.
Loan
Program,
Series D-4,
5.00%,
7/1/29
1,500
1,545
Michigan
Hosp.
Fin.
Auth.,
Trinity
Health
Credit
Group,
Series C,
5.00%,
12/1/22
500
500
Michigan
Hosp.
Fin.
Auth.,
Trinity
Health
Credit
Group,
Series C,
5.00%,
12/1/23
585
599
Michigan
Hosp.
Fin.
Auth.,
Trinity
Health
Credit
Group,
Series C,
5.00%,
12/1/24
995
1,038
Michigan,
City
of
Detroit,
GO,
5.00%,
4/1/23
500
502
Michigan,
City
of
Detroit,
GO,
5.00%,
4/1/24
900
916
Michigan,
City
of
Detroit,
GO,
5.00%,
4/1/25
860
883
Wayne
County
Airport
Auth.,
Series A,
5.00%,
12/1/23
430
439
Wayne
County
Airport
Auth.,
Series A,
5.00%,
12/1/24
780
810
Wayne
County
Airport
Auth.,
Series B,
5.00%,
12/1/23 (1)
2,195
2,234
Wayne
County
Airport
Auth.,
Series B,
5.00%,
12/1/24 (1)
2,385
2,455
Wayne
County
Airport
Auth.,
Series B,
5.00%,
12/1/25 (1)
2,405
2,504
Wayne
County
Airport
Auth.,
Series F,
5.00%,
12/1/31 (1)
1,330
1,375
Wayne
County
Airport
Auth.,
Series G,
5.00%,
12/1/27
425
448
41,326
MINNESOTA
1.7%
Minnesota,
Series A,
GO,
5.00%,
8/1/23
4,000
4,066
Minnesota,
Series A,
GO,
5.00%,
8/1/24
5,000
5,199
Minnesota,
Series A,
GO,
5.00%,
8/1/26
5,320
5,755
Minnesota,
Series D,
GO,
5.00%,
10/1/24
8,675
9,052
Minnesota,
Series D,
GO,
5.00%,
8/1/27
7,875
8,351
32,423
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
Par
$
Value
(Amounts
in
000s)
MISSISSIPPI
0.0%
Mississippi
Business
Fin.,
Gulf
Power
Company
Project,
VRDN,
1.20%,
11/1/42 (1)
100
100
100
MISSOURI
0.8%
Kansas
City
IDA,
Kansas
City
Int'l.
Airport,
5.00%,
3/1/25 (1)
1,500
1,549
Kansas
City
IDA,
Kansas
City
Int'l.
Airport,
5.00%,
3/1/25
1,050
1,095
Missouri
HEFA,
SSM
Health
Care,
Series A,
5.00%,
6/1/26
(Prerefunded
6/1/24) (3)
1,740
1,797
Missouri
HEFA,
SSM
Health
Care,
Series C,
VRDN,
5.00%,
5/1/52
(Tender
5/1/28)
8,000
8,820
Saint
Louis
Airport,
Series B,
5.00%,
7/1/23 (1)(5)
215
217
Saint
Louis
Airport,
Series B,
5.00%,
7/1/24 (1)(5)
840
863
Saint
Louis
Airport,
Series B,
5.00%,
7/1/25 (1)(5)
375
389
14,730
NEBRASKA
0.4%
Central
Plains
Energy,
4.00%,
8/1/25
1,550
1,560
Central
Plains
Energy,
Nebraska
Gas,
VRDN,
4.00%,
12/1/49
(Tender
8/1/25)
6,285
6,308
7,868
NEVADA
0.3%
Clark
County
Dept.
of
Aviation,
Airport
Improvement,
Series B,
5.00%,
7/1/26 (1)
3,000
3,156
Clark
County
School
Dist.,
Series A,
GO,
3.00%,
6/15/23 (5)
450
451
Clark
County
School
Dist.,
Series A,
GO,
3.00%,
6/15/24 (5)
405
408
Clark
County
School
Dist.,
Series A,
GO,
3.00%,
6/15/25 (5)
650
655
Clark
County
School
Dist.,
Series A,
GO,
5.00%,
6/15/26 (5)
500
538
5,208
NEW
JERSEY
3.2%
New
Jersey
HCFFA,
AHS
Hosp.,
5.00%,
7/1/25
1,405
1,438
New
Jersey
HCFFA,
AHS
Hosp.,
5.00%,
7/1/25
(Prerefunded
1/1/24) (3)
95
97
New
Jersey
Transportation
Trust
Fund
Auth.,
Series A,
5.00%,
6/15/30
2,210
2,327
New
Jersey
Transportation
Trust
Fund
Auth.,
Series A,
5.00%,
6/15/31
8,000
8,900
New
Jersey
Transportation
Trust
Fund
Auth.,
Federal
Highway
Reimbursement,
Series A,
5.00%,
6/15/24
3,085
3,182
New
Jersey
Transportation
Trust
Fund
Auth.,
Transportation
System,
5.00%,
6/15/29
1,565
1,707
New
Jersey
Transportation
Trust
Fund
Auth.,
Transportation
System,
Series A,
5.00%,
12/15/24
1,975
2,052
New
Jersey
Transportation
Trust
Fund
Auth.,
Transportation
System,
Series A,
5.00%,
12/15/26
2,525
2,702
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
Par
$
Value
(Amounts
in
000s)
New
Jersey
Transportation
Trust
Fund
Auth.,
Transportation
System,
Series D,
5.00%,
12/15/24
1,125
1,169
New
Jersey
Turnpike
Auth.,
Series A,
5.00%,
1/1/27
590
610
New
Jersey
Turnpike
Auth.,
Series D,
5.00%,
1/1/28
5,000
5,363
New
Jersey,
COVID-19
Emergency
Bonds,
Series A,
GO,
5.00%,
6/1/24
5,815
6,011
New
Jersey,
COVID-19
Emergency
Bonds,
Series A,
GO,
5.00%,
6/1/25
13,505
14,243
New
Jersey,
COVID-19
Emergency
Bonds,
Series A,
GO,
5.00%,
6/1/27
3,750
4,102
Tobacco
Settlement
Fin.,
Series A,
5.00%,
6/1/24
1,000
1,026
Tobacco
Settlement
Fin.,
Series A,
5.00%,
6/1/26
4,050
4,225
Tobacco
Settlement
Fin.,
Series A,
5.00%,
6/1/28
1,535
1,604
60,758
NEW
MEXICO
0.4%
Farmington
PCR,
Public
Services
of
New
Mexico,
San
Juan
Project,
Series D,
VRDN,
1.10%,
6/1/40
(Tender
6/1/23)
2,750
2,717
New
Mexico
Hosp.
Equipment
Loan
Council,
Series B,
VRDN,
5.00%,
8/1/49
(Tender
8/1/25)
4,850
5,075
7,792
NEW
YORK
8.9%
Brooklyn
Arena
Local
Dev.,
Barclays
Center,
Series A,
5.00%,
7/15/23
1,250
1,253
Brooklyn
Arena
Local
Dev.,
Barclays
Center,
Series A,
5.00%,
7/15/24
3,000
3,018
Dormitory
Auth.
of
the
State
of
New
York,
Series A,
4.00%,
10/1/24 (5)
3,260
3,339
Dormitory
Auth.
of
the
State
of
New
York,
Series A,
5.00%,
10/1/24
3,050
3,183
Dormitory
Auth.
of
the
State
of
New
York,
Bidding
Group,
Series C,
5.00%,
3/15/24 (2)
5
5
Dormitory
Auth.
of
the
State
of
New
York,
Bidding
Group
2,
Unrefunded
Balance,
Series C,
5.00%,
3/15/24 (2)
9,795
10,095
Dormitory
Auth.
of
the
State
of
New
York,
Orange
Regional
Medical
Center,
5.00%,
12/1/25 (8)
1,000
1,025
Dormitory
Auth.
of
the
State
of
New
York,
Orange
Regional
Medical
Center,
5.00%,
12/1/26 (8)
1,300
1,331
Dormitory
Auth.
of
the
State
of
New
York,
Personal
Income
Tax
General
Purpose
Bond,
Series B,
5.00%,
2/15/28
7,350
8,073
Dormitory
Auth.
of
the
State
of
New
York,
Personal
Income
Tax
General
Purpose
Bond,
Series B,
5.00%,
2/15/29
9,855
10,799
Dormitory
Auth.
of
the
State
of
New
York,
Sales
Tax,
Series A,
5.00%,
3/15/28
6,985
7,547
Long
Island
Power
Auth.,
Series B,
VRDN,
1.50%,
9/1/51
(Tender
9/1/26)
1,250
1,136
New
York
City,
Series 1,
GO,
5.00%,
8/1/25
5,400
5,726
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
Par
$
Value
(Amounts
in
000s)
New
York
City,
Series A-1,
GO,
5.00%,
8/1/30
5,000
5,743
New
York
City,
Series B,
GO,
5.00%,
8/1/23
6,370
6,474
New
York
City,
Series C,
GO,
5.00%,
8/1/23
10,000
10,164
New
York
City,
Series C,
GO,
5.00%,
8/1/27
5,000
5,489
New
York
City,
Series D,
GO,
5.00%,
8/1/24
13,145
13,197
New
York
City,
Series D,
GO,
5.00%,
8/1/28
6,085
6,107
New
York
City
IDA,
Series A,
5.00%,
1/1/24 (5)
1,250
1,277
New
York
City
IDA,
Series A,
5.00%,
1/1/25 (5)
2,000
2,082
New
York
City
IDA,
Yankee
Stadium
Project,
5.00%,
3/1/28 (5)
1,315
1,431
New
York
City
Transitional
Fin.
Auth.,
Future
Tax
Secured,
Series A,
5.00%,
11/1/31
4,550
5,255
New
York
City
Transitional
Fin.
Auth.,
Future
Tax
Secured,
Series A-1,
5.00%,
11/1/26
1,170
1,272
New
York
City
Water
&
Sewer
System,
Series DD,
5.00%,
6/15/25
1,690
1,789
New
York
State
Urban
Dev.,
Personal
Income
Tax,
Series A,
5.00%,
3/15/24
3,275
3,377
New
York
Transportation
Dev.,
American
Airlines,
5.00%,
8/1/26 (1)
1,655
1,655
New
York
Transportation
Dev.,
JFK
Int'l.
Airport,
5.00%,
12/1/23
1,000
1,018
New
York
Transportation
Dev.,
Terminal
One
Group,
5.00%,
1/1/23 (1)
4,055
4,060
Port
Auth.
of
New
York
&
New
Jersey,
Series 178,
5.00%,
12/1/25 (1)
5,000
5,079
Port
Auth.
of
New
York
&
New
Jersey,
Series 178,
5.00%,
12/1/30 (1)
9,920
10,071
Port
Auth.
of
New
York
&
New
Jersey,
Series 185,
5.00%,
9/1/25 (1)
2,000
2,057
Port
Auth.
of
New
York
&
New
Jersey,
Series 207,
5.00%,
9/15/24 (1)
3,000
3,090
Port
Auth.
of
New
York
&
New
Jersey,
Series 207,
5.00%,
9/15/26 (1)
10,030
10,570
Sales
Tax
Asset
Receivable,
Series A,
5.00%,
10/15/30
(Prerefunded
10/15/24) (3)
2,000
2,091
Triborough
Bridge
&
Tunnel
Auth.,
Series B,
FRN,
67%
of
SOFR
+
0.38%,
2.926%,
1/1/32
(Tender
2/1/24)
6,310
6,226
166,104
NORTH
CAROLINA
4.4%
Charlotte-Mecklenburg
Hosp.
Auth.,
VRDN,
5.00%,
1/15/49
(Tender
12/1/31)
6,565
7,284
Charlotte-Mecklenburg
Hosp.
Auth.,
VRDN,
5.00%,
1/15/50
(Tender
12/1/28)
1,500
1,656
Mecklenburg
County,
GO,
5.00%,
3/1/26
10,000
10,748
North
Carolina
Medical
Care
Commission,
3.00%,
3/1/23
150
150
North
Carolina
Medical
Care
Commission,
4.00%,
3/1/24
220
219
North
Carolina
Medical
Care
Commission,
4.00%,
3/1/25
265
262
North
Carolina
Medical
Care
Commission,
5.00%,
3/1/26
245
247
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
Par
$
Value
(Amounts
in
000s)
North
Carolina
Medical
Care
Commission,
5.00%,
3/1/27
290
290
North
Carolina
Medical
Care
Commission,
Caromont
Health,
Series B,
VRDN,
5.00%,
2/1/51
(Tender
2/1/26)
11,050
11,692
North
Carolina
Medical
Care
Commission,
Retirement
Fac.
First
Meeting,
4.00%,
1/1/25
250
243
North
Carolina
Medical
Care
Commission,
Southminster,
5.00%,
10/1/23
150
150
North
Carolina
Medical
Care
Commission,
Southminster,
5.00%,
10/1/24
180
181
North
Carolina
Medical
Care
Commission,
Southminster,
5.00%,
10/1/25
125
126
North
Carolina
Medical
Care
Commission,
United
Methodist
Retirement
Home,
Series A,
5.00%,
10/1/23 (2)
400
408
North
Carolina
Medical
Care
Commission,
United
Methodist
Retirement
Home,
Series A,
5.00%,
10/1/24
(Prerefunded
10/1/23) (3)
950
996
North
Carolina
Medical
Care
Commission,
United
Methodist
Retirement
Home,
Series A,
5.00%,
10/1/26
(Prerefunded
10/1/23) (3)
750
787
North
Carolina
Medical
Care
Commission,
United
Methodist
Retirement
Home,
Series A,
5.00%,
10/1/27
(Prerefunded
10/1/23) (3)
175
184
North
Carolina
Medical
Care
Commission,
Vidant
Health,
5.00%,
6/1/28
(Prerefunded
6/1/25) (3)
1,575
1,663
North
Carolina
Medical
Care
Commission,
Wake
Forest
Baptist,
Series B,
5.00%,
12/1/23
2,000
2,004
North
Carolina
Medical
Care
Commission,
Wake
Forest
Baptist,
Series B,
5.00%,
12/1/27
1,125
1,126
North
Carolina
Turnpike
Auth.,
5.00%,
1/1/24 (5)
1,180
1,207
North
Carolina
Turnpike
Auth.,
BAN,
5.00%,
2/1/24
19,455
19,913
Wake
County,
5.00%,
3/1/27
2,355
2,569
Wake
County,
Series A,
5.00%,
12/1/29
1,150
1,250
Wake
County,
Series C,
GO,
5.00%,
3/1/25
15,760
16,596
81,951
OHIO
0.4%
Cleveland
Airport
System,
Series B,
5.00%,
1/1/24 (1)
1,200
1,224
Columbus,
Series A,
GO,
5.00%,
4/1/24
1,810
1,868
Columbus,
Series A,
GO,
5.00%,
4/1/25
3,445
3,633
Hamilton
County,
Life
Enriching
Community,
5.00%,
1/1/23
100
100
Hamilton
County,
Life
Enriching
Community,
5.00%,
1/1/24
150
150
Hamilton
County,
Life
Enriching
Community,
5.00%,
1/1/25
200
201
Hamilton
County,
Life
Enriching
Community,
5.00%,
1/1/26
150
151
7,327
OKLAHOMA
0.3%
Grand
River
Dam
Auth.,
Series A,
5.00%,
6/1/23
2,000
2,025
Oklahoma
Turnpike
Auth.,
Series A,
5.00%,
1/1/25
450
470
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
Par
$
Value
(Amounts
in
000s)
Oklahoma
Turnpike
Auth.,
Series D,
5.00%,
1/1/27
3,310
3,584
6,079
OREGON
0.5%
Multnomah
County
School
Dist.
No.
1,
GO,
5.00%,
6/15/24
8,250
8,545
8,545
PENNSYLVANIA
2.8%
Allentown
Neighborhood
Improvement
Zone
Dev.
Auth.,
5.00%,
5/1/24
200
204
Allentown
Neighborhood
Improvement
Zone
Dev.
Auth.,
5.00%,
5/1/25
500
515
Allentown
Neighborhood
Improvement
Zone
Dev.
Auth.,
5.00%,
5/1/26
550
571
Bucks
County
IDA,
5.00%,
7/1/25
350
358
Bucks
County
IDA,
5.00%,
7/1/26
450
463
Bucks
County
IDA,
5.00%,
7/1/27
475
491
Butler
County
Hosp.
Auth.,
5.00%,
7/1/23
355
359
Butler
County
Hosp.
Auth.,
5.00%,
7/1/24
2,300
2,363
Butler
County
Hosp.
Auth.,
5.00%,
7/1/25
705
733
Butler
County
Hosp.
Auth.,
5.00%,
7/1/26
460
475
Butler
County
Hosp.
Auth.,
5.00%,
7/1/27
585
602
Commonwealth
Fin.
Auth.,
Tobacco
Settlement,
5.00%,
6/1/23
1,000
1,011
Commonwealth
Fin.
Auth.,
Tobacco
Settlement,
5.00%,
6/1/24
2,280
2,348
Lehigh,
Lehigh
Valley
Health
Network,
5.00%,
7/1/23
1,300
1,316
Lehigh,
Lehigh
Valley
Health
Network,
5.00%,
7/1/24
1,700
1,754
Northampton
County
General
Purpose
Auth.,
Saint
Luke's
Health
Univ.,
FRN,
70%
of
1M
USD
LIBOR
+
1.04%,
3.677%,
8/15/48
(Tender
8/15/24)
4,900
4,903
Pennsylvania,
GO,
5.00%,
9/15/25 (5)
715
761
Pennsylvania
Turnpike
Commission,
Series A-1,
5.00%,
12/1/30
2,000
2,107
Philadelphia,
Series A,
GO,
5.00%,
8/1/23
2,270
2,307
Philadelphia
Airport,
Series A,
5.00%,
7/1/26
1,160
1,239
Philadelphia
Airport,
Series A,
5.00%,
7/1/27
2,000
2,166
Philadelphia
Airport,
Series C,
5.00%,
7/1/25 (1)
12,465
12,931
Philadelphia
Airport,
Series C,
5.00%,
7/1/26 (1)
1,080
1,131
Philadelphia
Airport,
Series C,
5.00%,
7/1/27 (1)
1,135
1,202
Philadelphia
Airport,
Series C,
5.00%,
7/1/28 (1)
2,970
3,175
Philadelphia
HHEFA,
Temple
Univ.
Health
System,
5.00%,
7/1/23
1,175
1,185
Southeastern
Pennsylvania
Transportation
Auth.,
5.00%,
6/1/23
750
759
Southeastern
Pennsylvania
Transportation
Auth.,
5.00%,
6/1/24
750
775
Southeastern
Pennsylvania
Transportation
Auth.,
5.00%,
6/1/25
1,000
1,048
State
Public
School
Building
Auth.,
Philadelphia
School
Dist.,
Series A,
5.00%,
6/1/33 (5)
2,500
2,615
51,867
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
Par
$
Value
(Amounts
in
000s)
PUERTO
RICO
3.5%
Puerto
Rico
Commonwealth
Aqueduct
&
Sewer
Auth.,
Series A,
5.00%,
7/1/30 (8)
5,000
5,047
Puerto
Rico
Commonwealth,
Restructured,
Series A-1,
GO,
5.625%,
7/1/27
17,594
17,999
Puerto
Rico
Commonwealth,
Restructured,
Series A-1,
GO,
5.625%,
7/1/29
9,000
9,210
Puerto
Rico
Commonwealth,
Restructured,
Series A-1,
GO,
5.75%,
7/1/31
5,581
5,721
Puerto
Rico
Ind.
Tourist
Ed.
Medical
&
Environmental
Control
Fac.
Fin.
Auth.,
5.00%,
7/1/27
450
478
Puerto
Rico
Ind.
Tourist
Ed.
Medical
&
Environmental
Control
Fac.
Fin.
Auth.,
5.00%,
7/1/29
850
918
Puerto
Rico
Sales
Tax
Fin.,
Restructured,
Series A-1,
4.50%,
7/1/34
13,854
13,044
Puerto
Rico
Sales
Tax
Fin.,
Restructured,
Series A-1,
Zero
Coupon,
7/1/27
9,628
7,748
Puerto
Rico
Sales
Tax
Fin.,
Restructured,
Series A-1,
Zero
Coupon,
7/1/31
9,535
6,181
66,346
RHODE
ISLAND
0.1%
Rhode
Island
Health
&
Ed.
Building,
Care
New
England,
Series B,
5.00%,
9/1/23
550
556
Rhode
Island
Health
&
Ed.
Building,
Care
New
England,
Series B,
5.00%,
9/1/24
1,290
1,302
Rhode
Island
Health
&
Ed.
Building,
Care
New
England,
Series B,
5.00%,
9/1/25
415
419
Rhode
Island
Health
&
Ed.
Building,
Care
New
England,
Series B,
5.00%,
9/1/26
450
456
2,733
SOUTH
CAROLINA
1.7%
Patriots
Energy
Group
Fin.
Agency,
Series A,
VRDN,
4.00%,
10/1/48
(Tender
2/1/24)
15,755
15,812
South
Carolina
Jobs
Economic
Dev.
Auth.,
Bon
Secours
Health
System,
VRDN,
5.00%,
12/1/48
(Tender
10/1/25)
4,860
5,110
South
Carolina
Jobs-Economic
Dev.
Auth.,
Prisma
Health
Obligated
Group,
Series A,
5.00%,
5/1/30
1,140
1,213
South
Carolina
Ports
Auth.,
5.00%,
7/1/23 (1)
2,555
2,587
South
Carolina
Ports
Auth.,
5.00%,
7/1/24 (1)
850
875
South
Carolina
Ports
Auth.,
5.00%,
7/1/25 (1)
1,190
1,242
South
Carolina
Ports
Auth.,
5.25%,
7/1/55
(Prerefunded
7/1/25) (1)(3)
3,240
3,414
Spartanburg
Regional
Health
Services
Dist.,
5.00%,
4/15/29
1,700
1,837
32,090
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
Par
$
Value
(Amounts
in
000s)
SOUTH
DAKOTA
0.1%
South
Dakota
HEFA,
Sanford
Obligated
Group,
5.00%,
11/1/29
1,000
1,046
1,046
TENNESSEE
2.8%
Chattanooga
Health
Ed.
&
Housing
Fac.
Board,
Student
Housing
-
CDFI
Phase
I,
CDFI,
5.00%,
10/1/23
650
654
Greeneville
Health
&
Ed.
Fac.
Board,
Ballad
Health
Obligated
Group,
5.00%,
7/1/23
4,200
4,252
Greeneville
Health
&
Ed.
Fac.
Board,
Ballad
Health
Obligated
Group,
5.00%,
7/1/24
3,025
3,060
Greeneville
Health
&
Ed.
Fac.
Board,
Ballad
Health
Obligated
Group,
5.00%,
7/1/29
1,000
1,058
Greeneville
Health
&
Ed.
Fac.
Board,
Ballad
Health
Obligation
Group,
5.00%,
7/1/25
1,000
1,009
Greeneville
Health
&
Ed.
Fac.
Board,
Ballad
Health
Obligation
Group,
5.00%,
7/1/31
1,760
1,769
Memphis-Shelby
County
Airport
Auth.,
Series B,
5.00%,
7/1/24 (1)
3,330
3,419
Metropolitan
Gov't.
of
Nashville
&
Davidson
County,
GO,
5.00%,
7/1/24
17,760
18,432
Metropolitan
Gov't.
of
Nashville
&
Davidson
County
Health
&
Ed.
Fac.
Board,
Vanderbilt
Univ.
Medical
Center,
5.00%,
7/1/31
6,755
7,320
Metropolitan
Nashville
Airport
Auth.,
Series B,
5.00%,
7/1/25 (1)
515
534
Metropolitan
Nashville
Airport
Auth.,
Series B,
5.00%,
7/1/26 (1)
1,695
1,776
Metropolitan
Nashville
Airport
Auth.,
Series B,
5.00%,
7/1/27 (1)(4)
690
734
Metropolitan
Nashville
Airport
Auth.,
Series B,
5.00%,
7/1/28 (1)(4)
1,000
1,073
Tennergy,
Series A,
VRDN,
5.00%,
2/1/50
(Tender
10/1/24)
5,000
5,104
Tennessee
Energy
Acquisition,
Series A,
VRDN,
4.00%,
5/1/48
(Tender
5/1/23)
1,045
1,047
Tennessee
Energy
Acquisition,
Series C,
5.00%,
2/1/23
1,410
1,413
Tennessee
Energy
Acquisition,
Goldman
Sachs,
Series C,
5.00%,
2/1/24
175
177
52,831
TEXAS
8.9%
Austin
Airport
System,
5.00%,
11/15/23 (1)
5,000
5,091
Austin
Airport
System,
5.00%,
11/15/27 (1)
1,780
1,831
Austin
Airport
System,
Series A,
5.00%,
11/15/26
545
588
Austin
Airport
System,
Series B,
5.00%,
11/15/23 (1)
715
728
Austin
Airport
System,
Series B,
5.00%,
11/15/29 (1)
1,200
1,263
Austin
Convention
Enterprises,
First
Tier
Convention
Center,
Series A,
5.00%,
1/1/26
1,505
1,537
Austin
Convention
Enterprises,
First
Tier
Convention
Center,
Series A,
5.00%,
1/1/27
1,655
1,698
Austin
Water
&
Wastewater
System,
5.00%,
11/15/32
2,095
2,255
Central
Texas
Regional
Mobility
Auth.,
5.00%,
1/1/24
1,025
1,047
Central
Texas
Regional
Mobility
Auth.,
5.00%,
1/1/25
1,195
1,234
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
Par
$
Value
(Amounts
in
000s)
Central
Texas
Regional
Mobility
Auth.,
5.00%,
1/1/26
1,620
1,700
Central
Texas
Regional
Mobility
Auth.,
5.00%,
1/1/28
1,700
1,778
Central
Texas
Regional
Mobility
Auth.,
Series A,
5.00%,
1/1/40
(Prerefunded
7/1/25) (3)
4,490
4,756
Central
Texas
Regional
Mobility
Auth.,
Series A,
5.00%,
1/1/45
(Prerefunded
7/1/25) (3)
1,475
1,562
Central
Texas
Regional
Mobility
Auth.,
Series C,
5.00%,
1/1/27
14,845
15,674
Clifton
Higher
Ed.
Fin.,
Int'l.
Leadership,
Series D,
5.00%,
8/15/23
1,505
1,510
Clifton
Higher
Ed.
Fin.,
Int'l.
Leadership,
Series D,
5.00%,
8/15/24
3,120
3,138
Dallas,
GO,
5.00%,
2/15/25
5,000
5,248
Dallas
Hotel
Occupancy
Tax
Revenue,
4.00%,
8/15/27
2,000
2,027
Dallas
Hotel
Occupancy
Tax
Revenue,
4.00%,
8/15/28
2,000
2,025
Harris
County
Cultural
Ed.
Fac.
Fin.,
5.00%,
6/1/23
1,385
1,402
Harris
County
Cultural
Ed.
Fac.
Fin.,
Memorial
Hermann
Health,
Series A,
5.00%,
12/1/24
(Prerefunded
12/1/22) (3)
1,865
1,868
Harris
County
Cultural
Ed.
Fac.
Fin.,
Memorial
Hermann
Health
Sys.,
VRDN,
5.00%,
6/1/32
(Tender
12/1/26)
4,665
4,970
Harris
County
Cultural
Ed.
Fac.
Fin.,
Memorial
Hermann
Health
Sys.,
VRDN,
5.00%,
7/1/49
(Tender
12/1/24)
1,880
1,948
Harris
County
Cultural
Ed.
Fac.
Fin.,
Methodist
Hosp.,
Series B,
VRDN,
1.00%,
12/1/59
600
600
Harris
County
Cultural
Ed.
Fac.
Fin.,
Texas
Children's
Hosp.,
5.00%,
10/1/28
3,110
3,275
Harris
County
Cultural
Ed.
Fac.
Fin.,
Texas
Children's
Hosp.,
VRDN,
5.00%,
10/1/41
(Tender
10/1/24)
4,000
4,133
Houston
Airport
System,
Series A,
5.00%,
7/1/23 (1)
825
834
Houston
Airport
System,
Series A,
5.00%,
7/1/25 (1)
1,250
1,299
Houston
Airport
System,
Series A,
5.00%,
7/1/26 (1)
1,250
1,315
Houston
Airport
System
Revenue,
Series A,
5.00%,
7/1/29 (1)
2,130
2,291
Houston
Combined
Utility
System
Revenue,
Series A,
Zero
Coupon,
12/1/25 (2)(5)
6,000
5,516
Houston
Independent
School
Dist.,
Permanent
School
Fund,
GO,
5.00%,
2/15/25
4,660
4,889
Love
Field
Airport
Modernization,
Southwest
Airlines,
5.00%,
11/1/28 (1)
1,000
1,001
Lower
Colorado
River
Auth.,
5.00%,
5/15/24
120
124
Lower
Colorado
River
Auth.,
Series A,
5.00%,
5/15/23
860
869
Lower
Colorado
River
Auth.,
Series A,
5.00%,
5/15/24
1,045
1,078
Lower
Colorado
River
Auth.,
Transmission
Services,
5.00%,
5/15/24
280
289
Lower
Colorado
River
Auth.,
Transmission
Services,
5.00%,
5/15/25
1,010
1,061
North
Texas
Tollway
Auth.,
Series 2016A,
5.00%,
1/1/28
2,705
2,871
North
Texas
Tollway
Auth.,
Series A,
5.00%,
1/1/23
2,415
2,420
North
Texas
Tollway
Auth.,
Series A,
5.00%,
1/1/26
9,710
9,941
North
Texas
Tollway
Auth.,
Series A,
5.00%,
1/1/28
460
479
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
Par
$
Value
(Amounts
in
000s)
North
Texas
Tollway
Auth.,
1st
Tier,
Series A,
5.00%,
1/1/24
(Prerefunded
1/1/23) (3)
2,520
2,525
North
Texas
Tollway
Auth.,
First
Tier,
Series A,
5.00%,
1/1/25
1,140
1,167
North
Texas
Tollway
Auth.,
First
Tier,
Series A,
5.00%,
1/1/27
8,430
8,629
North
Texas
Tollway
Auth.,
Unrefunded
Balance,
Series A,
5.00%,
1/1/24
1,130
1,132
Port
Beaumont
Navigation
Dist.,
1.875%,
1/1/26 (1)(8)
500
453
Tarrant
County
Cultural
Ed.
Fac.
Fin.,
Series E,
VRDN,
5.00%,
11/15/52
(Tender
5/15/26)
3,200
3,381
Texas
Municipal
Gas
Acquisition
&
Supply
I,
Series D,
6.25%,
12/15/26
12,440
12,998
Texas
Municipal
Gas
Acquisition
&
Supply
I,
Merrill
Lynch,
Senior
Lien,
Series Class A,
5.25%,
12/15/25
2,500
2,622
Texas
Municipal
Gas
Acquisition
&
Supply
III,
5.00%,
12/15/22
1,375
1,376
Texas
Municipal
Gas
Acquisition
&
Supply
III,
5.00%,
12/15/23
2,125
2,150
Texas
Municipal
Gas
Acquisition
&
Supply
III,
5.00%,
12/15/27
4,285
4,425
Texas
Municipal
Gas
Acquisition
&
Supply
III,
5.00%,
12/15/28
7,750
8,040
Texas
Municipal
Gas
Acquisition
&
Supply
III,
5.00%,
12/15/29
2,215
2,307
Texas
Municipal
Gas
Acquisition
&
Supply
III,
5.00%,
12/15/31
3,535
3,698
166,066
UTAH
1.8%
Intermountain
Power
Agency,
Series A,
5.00%,
7/1/26
2,000
2,156
Intermountain
Power
Agency,
Series A,
5.00%,
7/1/27
2,000
2,195
Intermountain
Power
Agency,
Series A,
5.00%,
7/1/28
2,250
2,506
Salt
Lake
City
Airport,
Series 2017A,
5.00%,
7/1/27 (1)
2,030
2,150
Salt
Lake
City
Airport,
Series 2021A,
5.00%,
7/1/27 (1)
5,080
5,380
Salt
Lake
City
Airport,
Series A,
5.00%,
7/1/23 (1)
4,975
5,027
Salt
Lake
City
Airport,
Series A,
5.00%,
7/1/26 (1)
1,155
1,210
Univ.
of
Utah,
Green
Bond,
Series B,
5.00%,
8/1/26
1,450
1,567
Univ.
of
Utah,
Green
Bond,
Series B,
5.00%,
8/1/27
1,000
1,101
Utah,
Series B,
GO,
5.00%,
7/1/24
4,250
4,413
Utah
County,
Series B,
VRDN,
5.00%,
5/15/60
(Tender
8/1/26)
4,050
4,314
Vineyard
Redev.
Agency,
5.00%,
5/1/23 (5)
400
404
Vineyard
Redev.
Agency,
5.00%,
5/1/27 (5)
615
667
33,090
VIRGINIA
5.5%
Alexandria,
Series A,
GO,
5.00%,
12/15/25
4,800
5,142
Arlington
County
IDA,
Virginia
Hosp.
Center,
5.00%,
7/1/23
410
415
Arlington
County
IDA,
Virginia
Hosp.
Center,
5.00%,
7/1/24
1,600
1,648
Arlington
County
IDA,
Virginia
Hosp.
Center,
5.00%,
7/1/28
880
953
Chesapeake
Bay
Bridge
&
Tunnel
Dist.,
First
Tier
General
Resolution,
BAN,
5.00%,
11/1/23
12,000
12,203
Chesapeake
Expressway
Toll
Road,
Series A,
5.00%,
7/15/23
105
105
Fairfax
County
IDA,
Inova
Health
System,
5.00%,
8/15/23
2,130
2,165
Fairfax
County
IDA,
Inova
Health
System,
5.00%,
5/15/27
2,500
2,736
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
Par
$
Value
(Amounts
in
000s)
Fairfax
County
IDA,
Inova
Health
System,
Series B-2,
VRDN,
5.00%,
5/15/57
(Tender
5/15/23)
3,600
3,636
Fredericksburg
Economic
Dev.
Auth.,
Mary
Washington
Healthcare,
5.00%,
6/15/27
1,750
1,793
Greater
Richmond
Convention
Center
Auth.,
5.00%,
6/15/24
225
233
Hampton
Roads
Sanitation
Dist.,
Wastewater,
Series A,
5.00%,
8/1/34
(Prerefunded
8/1/26) (3)
4,335
4,689
Hampton
Roads
Transportation
Accountability
Commission,
Series A,
BAN,
5.00%,
7/1/26
4,850
5,218
Virginia
College
Building
Auth.,
4.00%,
2/1/29
6,065
6,359
Virginia
College
Building
Auth.,
Series A,
5.00%,
2/1/26
7,015
7,512
Virginia
College
Building
Auth.,
21st
Century
College
&
Equipment
Programs,
Series B,
5.00%,
2/1/24
9,400
9,663
Virginia
College
Building
Auth.,
Public
Higher
Ed.
Fin.
Program,
Series B,
5.00%,
9/1/23
3,000
3,055
Virginia
Public
Building
Auth.,
Series A-1,
5.00%,
8/1/27
3,000
3,306
Virginia
Public
Building
Auth.,
Series B,
5.00%,
8/1/24
3,000
3,116
Virginia
Public
Building
Auth.,
Series B,
5.00%,
8/1/25
1,325
1,406
Virginia
Public
School
Auth.,
5.00%,
8/1/27
4,000
4,239
Virginia
Public
School
Auth.,
Series A,
5.00%,
8/1/25
4,625
4,908
Virginia
Public
School
Auth.,
Series A,
5.00%,
8/1/26
4,845
5,243
Virginia
Resources
Auth.,
Series D,
5.00%,
11/1/27
(Prerefunded
11/1/25) (3)
2,105
2,241
Virginia
Transportation
Board,
Federal
Highway,
GAN,
5.00%,
9/15/23
10,000
10,190
102,174
WASHINGTON
2.2%
Central
Puget
Sound
Regional
Transit
Auth.,
Series S-1,
5.00%,
11/1/35
(Prerefunded
11/1/25) (3)
13,250
14,128
Central
Puget
Sound
Regional
Transit
Auth.,
Green
Bond,
Series S-1,
4.00%,
11/1/33
(Prerefunded
11/1/25) (3)
2,000
2,076
Washington,
Series A,
GO,
5.00%,
8/1/27
5,000
5,508
Washington,
Series A-1,
GO,
5.00%,
8/1/27
4,130
4,377
Washington,
Series R,
GO,
4.00%,
7/1/26
5,000
5,237
Washington
Health
Care
Fac.
Auth.,
Commonspirit
Health,
Series B-2,
VRDN,
5.00%,
8/1/49
(Tender
8/1/25)
2,450
2,522
Washington
Health
Care
Fac.
Auth.,
Commonspirit
Health,
Series B-3,
VRDN,
5.00%,
8/1/49
(Tender
8/1/26)
6,900
7,184
41,032
WISCONSIN
0.8%
Wisconsin
Clean
Water
Fund
Leveraged
Loan
Portfolio,
Series 1,
5.00%,
6/1/25
(Prerefunded
6/1/24) (3)
5,000
5,174
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
Par
$
Value
(Amounts
in
000s)
Wisconsin
HEFA,
Advocate
Aurora
Health
Credit
Group,
Series B-4,
VRDN,
5.00%,
8/15/54
(Tender
1/29/25)
10,000
10,378
15,552
Total
Investments
in
Securities
98.8%
(Cost
$1,899,107)
$
1,853,755
Other
Assets
Less
Liabilities
1.2%
21,689
Net
Assets
100.0%
$
1,875,444
‡
Par
is
denominated
in
U.S.
dollars
unless
otherwise
noted.
(1)
Interest
subject
to
alternative
minimum
tax.
(2)
Escrowed
to
maturity
(3)
Prerefunded
date
is
used
in
determining
portfolio
maturity.
(4)
When-issued
security
(5)
Insured
by
Assured
Guaranty
Municipal
Corporation
(6)
Insured
by
Build
America
Mutual
Assurance
Company
(7)
Insured
by
Financial
Guaranty
Insurance
Company
(8)
Security
was
purchased
pursuant
to
Rule
144A
under
the
Securities
Act
of
1933
and
may
be
resold
in
transactions
exempt
from
registration
only
to
qualified
institutional
buyers.
Total
value
of
such
securities
at
period-end
amounts
to
$7,856
and
represents
0.4%
of
net
assets.
1M
USD
LIBOR
One
month
USD
LIBOR
(London
interbank
offered
rate)
3M
USD
LIBOR
Three
month
USD
LIBOR
(London
interbank
offered
rate)
BAN
Bond
Anticipation
Note
CDA
Community
Development
Administration/Authority
CDFI
Community
Development
Financial
Institution
COP
Certificate
of
Participation
DFA
Development
Finance
Authority
DOT
Department
of
Transportation
FRN
Floating
Rate
Note
GAN
Grant
Anticipation
Note
GO
General
Obligation
HCFFA
Health
Care
Facilities
Financing
Authority
HEFA
Health
&
Educational
Facility
Authority
HFA
Health
Facility
Authority
HFC
Housing
Finance
Corporation
HFFA
Health
Facility
Financing
Authority
HHEFA
Health
&
Higher
Educational
Facility
Authority
IDA
Industrial
Development
Authority/Agency
MUNIPSA
Securities
Industry
and
Financial
Markets
Association
(SIFMA)
Municipal
Swap
Index
PCR
Pollution
Control
Revenue
RAC
Revenue
Anticipation
Certificate
SOFR
Secured
overnight
financing
rate
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
The
accompanying
notes
are
an
integral
part
of
this
Portfolio
of
Investments.
.
.
.
.
.
.
.
.
.
.
VRDN
Variable
Rate
Demand
Note
under
which
the
holder
has
the
right
to
sell
the
security
to
the
issuer
or
the
issuer’s
agent
at
a
predetermined
price
on
specified
dates;
such
specified
dates
are
considered
the
effective
maturity
for
purposes
of
the
fund’s
weighted
average
maturity;
rate
shown
is
effective
rate
at
period-end
and
maturity
date
shown
is
final
maturity.
Certain
VRDN
rates
are
not
based
on
a
published
reference
rate
and
spread
but
may
adjust
periodically.
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
Unaudited
Notes
to
Portfolio
of
Investments
T.
Rowe
Price
Tax-Free
Short-Intermediate
Fund,
Inc. (the
fund) is
registered
under
the
Investment
Company
Act
of
1940
(the
1940
Act)
as
an
open-end
management
investment
company
and
follows
accounting
and
reporting
guidance
of
the
Financial
Accounting
Standards
Board
Accounting
Standards
Codification
Topic
946.
The
accompanying
Portfolio
of
Investments
was
prepared
in
accordance
with
accounting
principles
generally
accepted
in
the
United
States
of
America
(GAAP).
For
additional
information
on
the
fund’s
significant
accounting
policies
and
investment
related
disclosures,
please
refer
to
the
fund’s most
recent
semiannual
or
annual
shareholder
report
and
its
prospectus.
VALUATION
Fair
Value
The
fund’s
financial
instruments
are
valued
at
the
close
of
the
New
York
Stock
Exchange
(NYSE),
normally
4
p.m.
ET,
each
day
the
NYSE
is
open
for
business,
and
are
reported
at
fair
value,
which
GAAP
defines
as
the
price
that
would
be
received
to
sell
an
asset
or
paid
to
transfer
a
liability
in
an
orderly
transaction
between
market
participants
at
the
measurement
date. The fund’s
Board
of
Directors
(the
Board)
has
designated
T.
Rowe
Price
Associates,
Inc.
as
the
fund’s
valuation
designee
(Valuation
Designee).
Subject
to
oversight
by
the
Board,
the
Valuation
Designee
performs
the
following
functions
in
performing
fair
value
determinations:
assesses
and
manages
valuation
risks;
establishes
and
applies
fair
value
methodologies;
tests
fair
value
methodologies;
and
evaluates
pricing
vendors
and
pricing
agents.
The
duties
and
responsibilities
of
the
Valuation
Designee
are
performed
by
its
Valuation
Committee. The
Valuation
Designee provides
periodic
reporting
to
the
Board
on
valuation
matters.
Various
valuation
techniques
and
inputs
are
used
to
determine
the
fair
value
of
financial
instruments.
GAAP
establishes
the
following
fair
value
hierarchy
that
categorizes
the
inputs
used
to
measure
fair
value:
Level
1
–
quoted
prices
(unadjusted)
in
active
markets
for
identical
financial
instruments
that
the
fund
can
access
at
the
reporting
date
Level
2
–
inputs
other
than
Level
1
quoted
prices
that
are
observable,
either
directly
or
indirectly
(including,
but
not
limited
to,
quoted
prices
for
similar
financial
instruments
in
active
markets,
quoted
prices
for
identical
or
similar
financial
instruments
in
inactive
markets,
interest
rates
and
yield
curves,
implied
volatilities,
and
credit
spreads)
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
Level
3
–
unobservable
inputs
(including
the Valuation
Designee’s assumptions
in
determining
fair
value)
Observable
inputs
are
developed
using
market
data,
such
as
publicly
available
information
about
actual
events
or
transactions,
and
reflect
the
assumptions
that
market
participants
would
use
to
price
the
financial
instrument.
Unobservable
inputs
are
those
for
which
market
data
are
not
available
and
are
developed
using
the
best
information
available
about
the
assumptions
that
market
participants
would
use
to
price
the
financial
instrument.
GAAP
requires
valuation
techniques
to
maximize
the
use
of
relevant
observable
inputs
and
minimize
the
use
of
unobservable
inputs.
When
multiple
inputs
are
used
to
derive
fair
value,
the
financial
instrument
is
assigned
to
the
level
within
the
fair
value
hierarchy
based
on
the
lowest-level
input
that
is
significant
to
the
fair
value
of
the
financial
instrument.
Input
levels
are
not
necessarily
an
indication
of
the
risk
or
liquidity
associated
with
financial
instruments
at
that
level
but
rather
the
degree
of
judgment
used
in
determining
those
values.
Valuation
Techniques
Debt
securities
generally
are
traded
in
the over-the-counter
(OTC)
market
and
are
valued
at
prices
furnished
by
independent
pricing
services
or
by
broker
dealers
who
make
markets
in
such
securities.
When
valuing
securities,
the
independent
pricing
services
consider
the
yield
or
price
of
bonds
of
comparable
quality,
coupon,
maturity,
and
type,
as
well
as
prices
quoted
by
dealers
who
make
markets
in
such
securities.
Investments
for
which
market
quotations are
not
readily
available
or
deemed
unreliable
are
valued
at
fair
value
as
determined
in
good
faith
by
the
Valuation
Designee.
The
Valuation
Designee
has
adopted
methodologies
for
determining
the
fair
value
of
investments
for
which
market
quotations
are
not
readily
available
or
deemed
unreliable,
including
the
use
of
other
pricing
sources.
Factors
used
in
determining
fair
value
vary
by
type
of
investment
and
may
include
market
or
investment
specific
considerations.
The
Valuation
Designee typically
will
afford
greatest
weight
to
actual
prices
in
arm’s
length
transactions,
to
the
extent
they
represent
orderly
transactions
between
market
participants,
transaction
information
can
be
reliably
obtained,
and
prices
are
deemed
representative
of
fair
value.
However,
the
Valuation
Designee may
also
consider
other
valuation
methods
such
as
market-based
valuation
multiples;
a
discount
or
premium
from
market
value
of
a
similar,
freely
traded
security
of
the
same
issuer;
discounted
cash
flows;
yield
to
maturity;
or
some
combination.
Fair
value
determinations
are
reviewed
on
a
regular
basis.
Because
any
fair
value
determination
involves
a
significant
amount
of
judgment,
there
is
a
degree
of
subjectivity
inherent
in
such
pricing
decisions. Fair
value
prices
determined
by
the
Valuation
Designee could
differ
from
those
of
other
market
participants,
and
it
is
possible
that
the
fair
value
determined
for
a
security
may
be
materially
different
from
the
value
that
could
be
realized
upon
the
sale
of
that
security.
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
Valuation
Inputs
On
November
30,
2022,
all
of
the
fund’s
financial
instruments
were
classified
as
Level
2,
based
on
the
inputs
used
to
determine
their
fair
values.
OTHER
MATTERS
Unpredictable
events
such
as
environmental
or
natural
disasters,
war,
terrorism,
pandemics,
outbreaks
of
infectious
diseases,
and
similar
public
health
threats
may
significantly
affect
the
economy
and
the
markets
and
issuers
in
which
a
fund
invests.
Certain
events
may
cause
instability
across
global
markets,
including
reduced
liquidity
and
disruptions
in
trading
markets,
while
some
events
may
affect
certain
geographic
regions,
countries,
sectors,
and
industries
more
significantly
than
others,
and
exacerbate
other
pre-existing
political,
social,
and
economic
risks.
Since
2020,
a
novel
strain
of
coronavirus
(COVID-19)
has
resulted
in
disruptions
to
global
business
activity
and
caused
significant
volatility
and
declines
in
global
financial
markets.
In
February
2022,
Russian
forces
entered
Ukraine
and
commenced
an
armed
conflict
leading
to
economic
sanctions
being
imposed
on
Russia
and
certain
of
its
citizens,
creating
impacts
on
Russian-related
stocks
and
debt
and
greater
volatility
in
global
markets.
These
are
recent
examples
of
global
events
which
may
have
a
negative
impact
on
the
values
of
certain
portfolio
holdings
or
the
fund’s
overall
performance.
Management
is
actively
monitoring
the
risks
and
financial
impacts
arising
from
these
events.
F56-054Q3
11/22