T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
May
31,
2022
(Unaudited)
1
Portfolio
of
Investments
‡
Par
$
Value
(Amounts
in
000s)
‡
MUNICIPAL
SECURITIES
99.1%
ALABAMA
0.7%
Black
Belt
Energy
Gas
Dist.,
Series A,
VRDN,
4.00%,
8/1/47
(Tender
7/1/22)
1,120
1,122
Black
Belt
Energy
Gas
Dist.,
Series A,
VRDN,
4.00%,
12/1/48
(Tender
12/1/23)
11,935
12,173
13,295
ALASKA
0.2%
Alaska
HFC,
State
Capital
Project,
Series A,
4.00%,
6/1/26
600
637
Alaska
HFC,
State
Capital
Project,
Series A,
5.00%,
12/1/26
900
999
Alaska
HFC,
State
Capital
Project,
Series A,
5.00%,
6/1/27
750
839
Alaska
HFC,
State
Capital
Project,
Series A,
5.00%,
12/1/27
930
1,048
3,523
ARIZONA
1.5%
Maricopa
County
IDA,
Banner
Health
Group,
Series C,
FRN,
100%
of
MUNIPSA
+
0.57%,
1.36%,
1/1/35
(Tender
10/18/24)
6,995
6,955
Maricopa
County
IDA,
Banner
Health
Group,
Series D,
VRDN,
5.00%,
1/1/46
(Tender
5/15/26)
7,000
7,676
Maricopa
County
Pollution
Control,
Public
Service
of
New
Mexico,
Series A,
VRDN,
1.05%,
1/1/38
(Tender
6/1/22)
2,000
2,000
Phoenix
Civic
Improvement,
Junior
Lien,
Series B,
5.00%,
7/1/23 (1)
2,000
2,061
Phoenix
Civic
Improvement,
Junior
Lien,
Series B,
5.00%,
7/1/24 (1)
1,000
1,050
Phoenix
Civic
Improvement,
Junior
Lien,
Series B,
5.00%,
7/1/25 (1)
1,250
1,337
Phoenix
Civic
Improvement,
Phoenix
Sky
Harbor
Int'l.
Airport,
Series A,
5.00%,
7/1/22 (1)
975
978
Salt
River
Agricultural
Improvement
&
Power
Dist.,
5.00%,
1/1/24
5,350
5,621
Salt
River
Agricultural
Improvement
&
Power
Dist.,
Series A,
5.00%,
1/1/27
1,500
1,687
29,365
CALIFORNIA
8.7%
California,
GO,
5.00%,
10/1/23
2,000
2,090
California,
GO,
5.00%,
11/1/23
10,500
10,998
California,
GO,
5.00%,
9/1/25
5,230
5,717
California,
GO,
5.00%,
8/1/27
1,050
1,167
California,
GO,
5.00%,
4/1/28
5,000
5,739
California
Community
Choice
Fin.
Auth.,
Green
Bond,
Series B-1,
VRDN,
4.00%,
2/1/52
(Tender
8/1/31)
3,850
3,985
California
Health
Fac.
Fin.
Auth.,
VRDN,
5.00%,
10/1/39
(Tender
10/1/25)
1,695
1,828
California
HFFA,
Lucile
Salter
Packard
Children's
Hospital,
5.00%,
5/15/23
550
566
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
2
Par
$
Value
(Amounts
in
000s)
California
HFFA,
Lucile
Salter
Packard
Children's
Hospital,
5.00%,
5/15/24
1,200
1,266
California
HFFA,
Lucile
Salter
Packard
Children's
Hospital,
5.00%,
5/15/25
1,600
1,724
California
HFFA,
Lucile
Salter
Packard
Children's
Hospital,
5.00%,
5/15/26
1,000
1,096
California
HFFA,
Lucile
Salter
Packard
Children's
Hospital,
5.00%,
5/15/27
275
307
California
Infrastructure
&
Economic
Dev.
Bank,
Series B,
FRN,
100%
of
MUNIPSA
+
0.70%,
1.49%,
12/1/50
(Tender
6/1/26)
1,175
1,165
California
Infrastructure
&
Economic
Dev.
Bank,
Series D,
FRN,
100%
of
MUNIPSA
+
0.35%,
1.14%,
8/1/47
(Tender
8/1/24)
2,025
2,007
California
Statewide
CDA,
Kaiser
Permanente
Revenue
Bonds,
Series C-1,
VRDN,
5.00%,
4/1/46
(Tender
11/1/29)
11,515
13,274
California
Statewide
CDA,
Methodist
Hosp.
of
Southern
CA,
5.00%,
1/1/23
500
510
California
Statewide
CDA,
Methodist
Hosp.
of
Southern
CA,
5.00%,
1/1/24
600
627
California
Statewide
CDA,
Methodist
Hosp.
of
Southern
CA,
5.00%,
1/1/25
1,025
1,086
California
Statewide
CDA,
Methodist
Hosp.
of
Southern
CA,
5.00%,
1/1/26
1,125
1,213
California
Statewide
CDA,
Viamonte
Senior
Living,
3.00%,
7/1/25
(Prerefunded
7/1/22) (2)
935
936
California,
Various
Purpose,
GO,
4.00%,
3/1/24
18,780
19,518
California,
Various
Purpose,
GO,
4.00%,
3/1/27
10,000
10,762
Golden
State
Tobacco
Securitization,
Series A,
5.00%,
6/1/30
(Prerefunded
6/1/23) (2)
1,000
1,034
Golden
State
Tobacco
Securitization,
Series A-1,
5.00%,
6/1/25 (3)
4,120
4,482
Golden
State
Tobacco
Securitization,
Series A-1,
5.00%,
6/1/29
(Prerefunded
6/1/27) (2)
20,045
22,797
Los
Angeles
Dept.
of
Airports,
Series A,
5.00%,
5/15/26 (1)
2,385
2,596
Los
Angeles
Dept.
of
Airports,
Los
Angeles
Intern,
5.00%,
5/15/23 (1)
3,000
3,087
Los
Angeles
Unified
School
Dist.,
Series C,
GO,
5.00%,
7/1/25
3,340
3,550
Los
Angeles
Wastewater
System
Revenue,
Series C,
5.00%,
6/1/28
4,000
4,598
Northern
California
Gas
Auth.
No.
1,
Series B,
FRN,
67%
of
3M
USD
LIBOR
+
0.72%,
1.368%,
7/1/27
3,595
3,497
Orange
County
Transportation
Auth.,
BAN,
5.00%,
10/15/24
5,000
5,344
Port
of
Oakland,
Series H,
5.00%,
5/1/23 (1)
2,270
2,334
Port
of
Oakland,
Series H,
5.00%,
5/1/23 (1)(3)
180
186
Port
of
Oakland,
Series H,
5.00%,
5/1/24 (1)
2,875
3,023
Port
of
Oakland,
Series H,
5.00%,
5/1/24 (1)(3)
225
238
San
Diego
Assoc.
of
Govt's,
Green
Bond-Mid
Coast
Corridor,
5.00%,
11/15/23
5,000
5,067
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
3
Par
$
Value
(Amounts
in
000s)
San
Diego
County
Regional
Airport
Auth.,
Series B,
5.00%,
7/1/25 (1)
1,000
1,062
San
Francisco
City
&
County
Int'l.
Airport,
Series A,
5.00%,
5/1/28 (1)
3,185
3,527
San
Francisco
City
&
County
Int'l.
Airport,
Series D,
5.00%,
5/1/23 (3)
600
619
San
Francisco
City
&
County
Int'l.
Airport,
Unrefunded
Balance,
Series 2018A,
5.00%,
5/1/23 (1)(3)
800
824
Univ.
of
California,
Regents,
Series AK,
VRDN,
5.00%,
5/15/48
(Tender
5/15/23)
15,480
15,959
171,405
COLORADO
2.7%
Colorado,
Series A,
COP,
5.00%,
12/15/24
2,830
3,033
Colorado,
Series A,
COP,
5.00%,
12/15/27
3,000
3,416
Colorado,
Series A,
COP,
5.00%,
12/15/28
9,205
10,613
Colorado
HFA,
Catholic
Health
Initiatives,
Series B-1,
5.00%,
7/1/26
(Prerefunded
11/9/22) (2)
1,745
1,772
Colorado
HFA,
Christian
Living
Neighborhoods,
5.00%,
1/1/23
750
755
Colorado
HFA,
Christian
Living
Neighborhoods,
5.00%,
1/1/24
630
639
Colorado
HFA,
Christian
Living
Neighborhoods,
5.00%,
1/1/25
600
612
Colorado
HFA,
Christian
Living
Neighborhoods,
5.00%,
1/1/26
550
563
Colorado
HFA,
Commonspirit
Health,
Series B-2,
VRDN,
5.00%,
8/1/49
(Tender
8/1/26)
1,385
1,489
Colorado
HFA,
Sanford
Health,
Series A,
5.00%,
11/1/22
1,800
1,828
Colorado
HFA,
Sanford
Health,
Series A,
5.00%,
11/1/23
1,600
1,672
Colorado
HFA,
Sanford
Health,
Series A,
5.00%,
11/1/25
2,150
2,321
Colorado
HFA,
Sanford
Health,
Series A,
5.00%,
11/1/27
2,080
2,308
Denver
City
&
County,
Series A,
5.00%,
8/1/23
2,345
2,437
Denver
City
&
County
Airport,
Series B,
5.00%,
11/15/25
1,575
1,597
Denver
City
&
County
Airport
System
Revenue,
Series A,
5.00%,
11/15/29 (1)
5,660
6,177
Denver
City
&
County
Airport
System
Revenue,
Series A,
5.00%,
11/15/30 (1)
1,000
1,086
Denver
City
&
County
Airport
System
Revenue,
Series A,
5.00%,
12/1/31 (1)
2,000
2,189
Denver
City
&
County
Airport
System
Revenue,
Series B,
4.00%,
11/15/31
2,970
2,981
Denver
Convention
Center
Hotel
Auth.,
5.00%,
12/1/22
2,350
2,381
E-470
Public
Toll
Highway,
Series A,
5.00%,
9/1/26
1,250
1,386
E-470
Public
Toll
Highway,
Series B,
FRN,
67%
of
SOFR
+
0.35%,
0.873%,
9/1/39
(Tender
9/1/24)
2,750
2,706
53,961
CONNECTICUT
0.5%
Connecticut,
Series A,
GO,
5.00%,
10/15/25
250
260
Connecticut,
Series D,
GO,
5.00%,
9/15/26 (4)
1,000
1,108
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
4
Par
$
Value
(Amounts
in
000s)
Connecticut,
Series D,
GO,
5.00%,
9/15/27 (4)
1,000
1,128
Connecticut,
Series D,
GO,
5.00%,
9/15/28 (4)
1,000
1,144
Connecticut
Special
Tax
Obligation,
Transportation
Infrastructure,
Series A,
5.00%,
9/1/23
3,000
3,119
Connecticut
State
HEFA,
5.00%,
7/1/24
375
387
Connecticut
State
HEFA,
VRDN,
0.375%,
7/1/35
(Tender
7/12/24)
3,475
3,292
Connecticut
State
HEFA,
Stamford
Hosp.,
Series J,
4.00%,
7/1/27
(Prerefunded
7/1/22) (2)
400
401
10,839
DELAWARE
0.2%
Delaware
River
&
Bay
Auth.,
5.00%,
1/1/31 (4)
1,000
1,153
Delaware
Transportation
Auth.,
5.00%,
9/1/22
1,110
1,120
Delaware
Transportation
Auth.,
5.00%,
9/1/24
750
798
3,071
DISTRICT
OF
COLUMBIA
2.6%
District
of
Columbia,
Income
Tax,
Series A,
5.00%,
3/1/26
3,100
3,424
District
of
Columbia,
Income
Tax,
Series B,
5.00%,
12/1/26
500
508
Metropolitan
Washington
Airports
Auth.,
5.00%,
10/1/24 (1)
1,400
1,483
Metropolitan
Washington
Airports
Auth.,
Series 2012A,
5.00%,
10/1/28 (1)
2,500
2,524
Metropolitan
Washington
Airports
Auth.,
Series 2018A,
5.00%,
10/1/24 (1)
3,975
4,211
Metropolitan
Washington
Airports
Auth.,
Series A,
5.00%,
10/1/23 (1)
6,460
6,707
Metropolitan
Washington
Airports
Auth.,
Series A,
5.00%,
10/1/24 (1)
7,500
7,945
Metropolitan
Washington
Airports
Auth.,
Series A,
5.00%,
10/1/25 (1)
5,000
5,389
Metropolitan
Washington
Airports
Auth.,
Series A,
5.00%,
10/1/26 (1)
1,500
1,548
Metropolitan
Washington
Airports
Auth.,
Series A,
5.00%,
10/1/28 (1)
4,300
4,795
Metropolitan
Washington
Airports
Auth.,
Series A,
5.00%,
10/1/28 (1)
3,000
3,346
Metropolitan
Washington
Airports
Auth.,
Airport
System,
Series A,
5.00%,
10/1/24 (1)
2,000
2,020
Metropolitan
Washington
Airports
Auth.,
Aviation
Revenue,
Series A,
5.00%,
10/1/26 (1)
6,505
7,127
Metropolitan
Washington
Airports
Auth.,
Aviation
Revenue,
Series B,
5.00%,
10/1/24
270
287
51,314
FLORIDA
5.7%
Alachua
County
HFA,
Shands
Teaching
Hosp.,
5.00%,
12/1/25
1,225
1,324
Alachua
County
HFA,
Shands
Teaching
Hosp.,
5.00%,
12/1/26
500
548
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
5
Par
$
Value
(Amounts
in
000s)
Alachua
County
HFA,
Shands
Teaching
Hosp.,
VRDN,
5.00%,
12/1/37
(Tender
12/1/26)
1,000
1,092
Brevard
County
HFA,
Health
First,
5.00%,
4/1/23
1,895
1,948
Brevard
County
HFA,
Health
First,
5.00%,
4/1/26
220
232
Broward
County
Airport
System,
5.00%,
10/1/22 (1)
425
430
Broward
County
Airport
System,
5.00%,
10/1/23 (1)
675
701
Broward
County
Airport
System,
Series A,
5.00%,
10/1/23 (1)
1,250
1,298
Broward
County
Airport
System,
Series A,
5.00%,
10/1/24 (1)
1,250
1,319
Broward
County
Airport
System,
Series A,
5.00%,
10/1/25 (1)
2,065
2,219
Broward
County
Airport
System,
Series B,
5.00%,
10/1/23 (1)
1,375
1,428
Broward
County
Airport
System,
Series B,
5.00%,
10/1/24 (1)
1,400
1,477
Broward
County
Airport
System,
Series B,
5.00%,
10/1/25 (1)
1,500
1,612
Broward
County
Airport
System,
Series C,
5.00%,
10/1/22
115
116
Broward
County
Airport
System,
Series C,
5.00%,
10/1/25 (1)
1,235
1,327
Broward
County
Airport
System,
Series P-2,
5.00%,
10/1/22
185
187
Broward
County
Airport
System,
Series Q-1,
5.00%,
10/1/25
4,315
4,360
Broward
County
Water
&
Sewer
Utility,
Series B,
5.00%,
10/1/22
1,395
1,412
Capital
Projects
Fin.
Auth.,
Florida
Univ.
Project,
Series A-1,
5.00%,
10/1/24
550
571
Capital
Projects
Fin.
Auth.,
Florida
Univ.
Project,
Series A-1,
5.00%,
10/1/25
500
524
Central
Florida
Expressway
Auth.,
Senior
Lien,
5.00%,
7/1/22
750
752
Central
Florida
Expressway
Auth.,
Senior
Lien,
5.00%,
7/1/23
740
767
Central
Florida
Expressway
Auth.,
Senior
Lien,
5.00%,
7/1/24
250
265
Florida
DOT,
Federal
Highway
Reimbursement,
Series A,
DOT,
5.00%,
7/1/24
3,030
3,209
Florida
DOT,
Right
of
Way
Acquisition
&
Bridge
Construction,
Series A,
GO,
5.00%,
7/1/27
4,290
4,871
Florida
DOT,
Turnpike
System,
Series A,
4.00%,
7/1/30
4,000
4,139
Florida
Lottery
Revenue,
Series A,
5.00%,
7/1/27
4,745
5,400
Florida
Municipal
Power
Agency,
All-Requirements
Power
Supply,
5.00%,
10/1/22
1,265
1,280
Florida,
Board
of
Ed.,
Capital
Outlay,
Series B,
GO,
5.00%,
6/1/25
7,340
7,991
Florida,
Board
of
Ed.,
Capital
Outlay,
Series B,
GO,
5.00%,
6/1/25
3,000
3,266
Florida,
Board
of
Ed.,
Capital
Outlay,
Series C,
GO,
5.00%,
6/1/25
5,610
5,940
Florida,
Board
of
Ed.,
Capital
Outlay,
Series E,
GO,
5.00%,
6/1/25
7,425
8,083
Florida,
Board
of
Ed.,
Capital
Outlay,
Series E,
GO,
5.00%,
6/1/31
9,065
9,737
Greater
Orlando
Aviation
Auth.,
Series A,
5.00%,
10/1/23 (1)(3)
2,000
2,081
Greater
Orlando
Aviation
Auth.,
Series A,
5.00%,
10/1/28 (1)
3,000
3,346
Greater
Orlando
Aviation
Auth.
Unrefunded
Balance,
5.00%,
10/1/23 (1)
1,455
1,508
Martin
County
HFA,
Memorial
Medical
Center,
5.00%,
11/15/22 (3)
1,445
1,468
Miami-Dade
County
Aviation,
5.00%,
10/1/22
500
506
Miami-Dade
County
Aviation,
Series A,
5.00%,
10/1/30 (1)
300
316
Miami-Dade
County
Expressway
Auth.,
Series A,
5.00%,
7/1/24
1,530
1,534
Miami-Dade
County
Expressway
Auth.,
Series A,
5.00%,
7/1/30
2,000
2,108
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
6
Par
$
Value
(Amounts
in
000s)
Miami-Dade
County
Expressway
Auth.,
Series A,
5.00%,
7/1/31
2,000
2,104
Miami-Dade
County
Expressway
Auth.,
Series B,
5.00%,
7/1/25 (5)
4,870
5,160
Orange
County
Convention
Center,
Tourist
Dev.
Tax,
5.00%,
10/1/23
3,360
3,501
Orange
County
HFA,
Series C,
VRDN,
5.00%,
11/15/52
(Tender
11/15/26)
3,400
3,738
Orange
County
School
Board,
Series C,
COP,
5.00%,
8/1/28
1,750
1,992
Palm
Beach
County
HFA,
Baptist
Health
South
Florida,
5.00%,
8/15/22
500
504
Palm
Beach
County
HFA,
Baptist
Health
South
Florida,
5.00%,
8/15/23
800
830
Palm
Beach
County
HFA,
Baptist
Health
South
Florida,
5.00%,
8/15/24
1,010
1,068
Palm
Beach
County
HFA,
Baptist
Health
South
Florida,
5.00%,
8/15/25
620
669
Palm
Beach
County
HFA,
Baptist
Health
South
Florida,
5.00%,
8/15/26
600
659
South
Miami
HFA,
Baptist
Health
South
Florida,
5.00%,
8/15/22
680
685
113,602
GEORGIA
5.3%
Atlanta
Dept.
of
Aviation,
Series B,
5.00%,
7/1/25 (1)
2,635
2,826
Atlanta
Dept.
of
Aviation,
Series B,
5.00%,
7/1/26 (1)
2,685
2,929
Atlanta
Dept.
of
Aviation,
Series B,
5.00%,
7/1/27 (1)
3,810
4,212
Atlanta
Dept.
of
Aviation,
Series B,
5.00%,
7/1/28 (1)
3,800
4,226
Atlanta
Water
&
Wastewater,
5.00%,
11/1/31
5,000
5,346
Burke
County
Dev.
Auth.,
Georgia
Power
Plant
Vogtle,
VRDN,
2.15%,
10/1/32
(Tender
6/13/24)
7,775
7,618
Burke
County
Dev.
Auth.,
Georgia
Power
Plant
Vogtle,
VRDN,
2.25%,
10/1/32
(Tender
5/25/23)
2,450
2,438
Cobb
County
Kennestone
Hosp.
Auth.,
RAC,
5.00%,
4/1/23
350
360
Cobb
County
Kennestone
Hosp.
Auth.,
RAC,
5.00%,
4/1/24
650
685
Cobb
County
Kennestone
Hosp.
Auth.,
RAC,
5.00%,
4/1/25
350
374
Cobb
County
Kennestone
Hosp.
Auth.,
WellStar
Health,
RAC,
5.00%,
4/1/24
85
87
Fulton
County
Dev.
Auth.,
WellStar
Health,
Series A,
RAC,
5.00%,
4/1/24
500
527
Fulton
County
Dev.
Auth.,
WellStar
Health,
Series A,
RAC,
5.00%,
4/1/25
400
427
Gainesville
&
Hall
County
Hosp.
Auth.,
Northeast
Georgia
Health
System,
Series A,
5.00%,
2/15/25
245
261
Gainesville
&
Hall
County
Hosp.
Auth.,
Northeast
Georgia
Health
System,
Series B,
5.00%,
2/15/23
500
512
Gainesville
&
Hall
County
Hosp.
Auth.,
Northeast
Georgia
Health
System,
Series B,
5.00%,
2/15/24
750
790
Georgia,
Series C,
GO,
5.00%,
7/1/23
3,860
4,002
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
7
Par
$
Value
(Amounts
in
000s)
Glynn-Brunswick
Memorial
Hosp.
Auth.,
Southeast
Georgia
Health,
RAC,
5.00%,
8/1/22
1,220
1,227
Glynn-Brunswick
Memorial
Hosp.
Auth.,
Southeast
Georgia
Health,
RAC,
5.00%,
8/1/24
4,535
4,749
Glynn-Brunswick
Memorial
Hosp.
Auth.,
Southeast
Georgia
Health,
RAC,
5.00%,
8/1/25
4,760
5,069
Glynn-Brunswick
Memorial
Hosp.
Auth.,
Southeast
Georgia
Health,
RAC,
5.00%,
8/1/27
1,500
1,587
LaGrange-Troup
County
Hosp.
Auth.,
WellStar
Health,
RAC,
5.00%,
4/1/23
325
334
LaGrange-Troup
County
Hosp.
Auth.,
WellStar
Health,
RAC,
5.00%,
4/1/25
500
534
Main
Street
Natural
Gas,
Series A,
5.00%,
5/15/24
500
518
Main
Street
Natural
Gas,
Series A,
VRDN,
4.00%,
7/1/52
(Tender
9/1/27)
940
977
Main
Street
Natural
Gas,
Series E,
FRN,
100%
of
MUNIPSA
+
0.57%,
1.36%,
8/1/48
(Tender
12/1/23)
5,000
4,998
Main
Street
Natural
Gas,
Georgia
Municipal
Gas
Auth.,
Series B,
VRDN,
4.00%,
8/1/49
(Tender
12/2/24)
10,210
10,531
Main
Street
Natural
Gas,
Georgia
Municipal
Gas
Auth.,
Series C,
VRDN,
4.00%,
8/1/48
(Tender
12/1/23)
6,050
6,179
Main
Street
Natural
Gas,
Georgia
Municipal
Gas
Auth.,
Series C,
VRDN,
4.00%,
3/1/50
(Tender
9/1/26)
6,865
7,010
Main
Street
Natural
Gas,
Georgia
Municipal
Gas
Auth.,
Series C,
VRDN,
4.00%,
5/1/52
(Tender
12/1/28)
2,525
2,586
Main
Street
Natural
Gas,
Georgia
Municipal
Gas
Auth.,
Series D,
FRN,
67%
of
1M
USD
LIBOR
+
0.83%,
1.366%,
8/1/48
(Tender
12/1/23)
9,200
9,143
Metro
Atlanta
Rapid
Transit
Auth.,
Series A,
5.00%,
7/1/42
(Prerefunded
7/1/25) (2)
2,000
2,174
Municipal
Electric
Auth.
of
Georgia,
General
Power,
5.00%,
1/1/23
550
561
Municipal
Electric
Auth.
of
Georgia,
General
Power,
Series HH,
5.00%,
1/1/23
2,925
2,984
Municipal
Electric
Auth.
of
Georgia,
Project
1,
Series A,
5.00%,
1/1/23
2,750
2,799
Municipal
Electric
Auth.
of
Georgia,
Project
1,
Series A,
5.00%,
1/1/28
4,010
4,348
105,928
HAWAII
0.2%
Hawaii,
Series FT,
GO,
5.00%,
1/1/24
4,000
4,202
4,202
IDAHO
0.0%
Idaho
HFA,
Saint
Luke's
Health,
Series C,
VRDN,
0.67%,
3/1/48
225
225
225
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
8
Par
$
Value
(Amounts
in
000s)
ILLINOIS
4.8%
Chicago
Midway
Int'l.
Airport,
Series A,
5.00%,
1/1/25 (1)
2,470
2,556
Chicago
Midway
Int'l.
Airport,
Series B,
5.00%,
1/1/26
1,000
1,014
Chicago
O'Hare
Int'l
Airport,
Series C,
5.00%,
1/1/29
1,000
1,071
Chicago
O'Hare
Int'l.
Airport,
Series A,
5.00%,
1/1/27 (1)
6,000
6,321
Chicago
O'Hare
Int'l.
Airport,
Series B,
5.00%,
1/1/23
6,640
6,766
Chicago
O'Hare
Int'l.
Airport,
Series B,
5.00%,
1/1/26
2,020
2,150
Chicago
Wastewater,
Series B,
5.00%,
1/1/23
1,850
1,881
Chicago
Wastewater,
Series B,
5.00%,
1/1/24
2,140
2,223
Chicago
Waterworks,
5.00%,
11/1/22
1,000
1,012
Chicago
Waterworks,
5.00%,
11/1/23
3,750
3,884
Chicago
Waterworks,
5.00%,
11/1/24
3,850
4,038
Chicago
Waterworks,
Series A-1,
5.00%,
11/1/23
1,300
1,346
Chicago
Waterworks,
Series A-1,
5.00%,
11/1/24
460
483
Illinois,
GO,
5.00%,
2/1/25
1,055
1,118
Illinois,
GO,
5.00%,
2/1/29
3,640
3,903
Illinois,
Series A,
GO,
5.00%,
3/1/24
995
1,039
Illinois,
Series A,
GO,
5.00%,
10/1/25
705
755
Illinois,
Series A,
GO,
5.00%,
11/1/25
4,130
4,427
Illinois,
Series A,
GO,
5.00%,
3/1/28 (4)
2,125
2,327
Illinois,
Series A,
GO,
5.00%,
12/1/28
5,000
5,486
Illinois,
Series B,
GO,
5.00%,
3/1/24
1,325
1,384
Illinois,
Series B,
GO,
5.00%,
9/1/25
5,020
5,367
Illinois,
Series B,
GO,
5.00%,
3/1/26
1,675
1,804
Illinois,
Series B,
GO,
5.00%,
3/1/27
2,975
3,242
Illinois,
Series C,
GO,
5.00%,
11/1/29
2,500
2,687
Illinois,
Series D,
GO,
5.00%,
11/1/23
2,230
2,315
Illinois,
Series D,
GO,
5.00%,
11/1/27
4,920
5,382
Illinois
Fin.
Auth.,
Healthcare
System,
Series B-1,
VRDN,
5.00%,
5/15/50
(Tender
11/15/24)
4,925
5,160
Illinois
Fin.
Auth.,
Healthcare
System,
Series B-2,
VRDN,
5.00%,
5/15/50
(Tender
11/15/26)
8,680
9,439
Illinois
Fin.
Auth.,
Northshore
Univ.
Health,
5.00%,
8/15/23
1,000
1,040
Illinois
Fin.
Auth.,
Northshore
Univ.
Health,
5.00%,
8/15/24
1,000
1,057
Illinois
Fin.
Auth.,
Northshore
Univ.
Health,
5.00%,
8/15/25
1,250
1,348
Railsplitter
Tobacco
Settlement
Auth.,
5.00%,
6/1/23
1,945
1,998
96,023
INDIANA
0.1%
Indiana
Fin.
Auth.,
Methodist
Hosp.,
Series A,
5.00%,
9/15/22
640
646
Indiana
Fin.
Auth.,
Methodist
Hosp.,
Series A,
5.00%,
9/15/23
815
843
Indiana
Fin.
Auth.,
Methodist
Hosp.,
Series A,
5.00%,
9/15/24
845
889
2,378
IOWA
0.9%
Iowa
Fin.
Auth.,
Unity
Point
Health,
Series B,
5.00%,
2/15/23
1,000
1,021
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
9
Par
$
Value
(Amounts
in
000s)
Iowa
Fin.
Auth.,
Unity
Point
Health,
Series B-2,
VRDN,
0.61%,
2/15/39
1,390
1,390
PEFA,
VRDN,
5.00%,
9/1/49
(Tender
9/1/26)
14,285
15,340
17,751
KANSAS
0.2%
Kansas
DFA,
Adventhealth
Obligated
Group,
Series B,
VRDN,
5.00%,
11/15/54
(Tender
11/15/28)
3,000
3,388
Lenexa
City,
Lakeview
Village,
Health
Care
Fac.,
Series A,
5.00%,
5/15/23
650
658
4,046
KENTUCKY
1.8%
Ashland
Medical
Center,
DBA
King's
Daughter,
Series 2019,
5.00%,
2/1/23
625
639
Ashland
Medical
Center,
DBA
King's
Daughter,
Series 2019,
5.00%,
2/1/24
575
602
Ashland
Medical
Center,
DBA
King's
Daughter,
Series 2019,
5.00%,
2/1/25
610
645
Ashland
Medical
Center,
DBA
King's
Daughter,
Series 2019,
5.00%,
2/1/26
550
591
Kentucky
Economic
DFA,
Owensboro
Medical
Health,
Series A,
5.00%,
6/1/22
1,150
1,150
Kentucky
Economic
DFA,
Owensboro
Medical
Health,
Series A,
5.00%,
6/1/23
2,000
2,059
Kentucky
Economic
DFA,
Owensboro
Medical
Health,
Series A,
5.00%,
6/1/24
1,115
1,172
Kentucky
Economic
DFA,
Owensboro
Medical
Health,
Series A,
5.00%,
6/1/25
1,400
1,497
Kentucky
Economic
DFA,
Owensboro
Medical
Health,
Series A,
5.00%,
6/1/26
2,210
2,407
Kentucky
Public
Energy
Auth.,
Series A,
VRDN,
4.00%,
4/1/48
(Tender
4/1/24)
2,500
2,544
Kentucky
Public
Energy
Auth.,
Series A-1,
VRDN,
4.00%,
8/1/52
(Tender
8/1/30)
6,150
6,311
Kentucky
Public
Energy
Auth.,
Series C,
VRDN,
4.00%,
2/1/50
(Tender
2/1/28)
11,305
11,662
Russell,
Bon
Secours
Health
System,
5.00%,
11/1/22 (3)
3,555
3,610
34,889
LOUISIANA
0.5%
Lake
Charles
Harbor
&
Terminal
Dist.,
Big
Lake
Fuels
LLC
Project,
VRDN,
1.00%,
12/1/51
(Tender
12/1/24) (1)
2,775
2,589
Louisiana
Offshore
Terminal
Auth.,
Loop
Project,
VRDN,
1.65%,
9/1/27
(Tender
12/1/23)
1,750
1,740
Louisiana
Stadium
&
Exposition
Dist.,
BAN,
4.00%,
7/3/23
1,040
1,054
New
Orleans
Aviation
Board,
Series B,
5.00%,
1/1/23 (1)
450
458
New
Orleans
Aviation
Board,
Series B,
5.00%,
1/1/24 (1)
225
234
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
10
Par
$
Value
(Amounts
in
000s)
New
Orleans
Aviation
Board,
Series B,
5.00%,
1/1/25 (1)
250
265
Saint
John
the
Baptist
Parish,
Marathon
Oil,
Series A-2,
VRDN,
2.10%,
6/1/37
(Tender
7/1/24)
2,000
1,950
Tobacco
Settlement
Fin.,
Series A,
5.00%,
5/15/23
1,000
1,027
9,317
MARYLAND
4.7%
Anne
Arundel
County,
Consolidated
General
Improvements,
GO,
5.00%,
4/1/25
3,330
3,605
Baltimore
City,
Convention
Center
Hotel,
5.00%,
9/1/22
1,100
1,102
Baltimore
City,
Convention
Center
Hotel,
5.00%,
9/1/23
500
503
Baltimore
City,
Convention
Center
Hotel,
5.00%,
9/1/24
1,950
1,962
Baltimore
County,
Series B,
GO,
5.00%,
8/1/27
5,675
6,040
Baltimore
County,
Consolidated
Public
Improvement,
GO,
5.00%,
3/1/27
7,130
8,057
Baltimore,
Convention
Center
Hotel,
5.00%,
9/1/25
2,040
2,055
Gaithersburg,
Asbury
Maryland
Obligation
Group,
Series B,
5.00%,
1/1/27
5,290
5,444
Harford
County,
Series B,
GO,
5.00%,
7/1/26
2,000
2,229
Maryland,
GO,
5.00%,
8/1/31
5,000
5,725
Maryland,
Series B,
GO,
5.00%,
8/1/24
5,800
6,185
Maryland
DOT,
4.00%,
11/1/29
1,235
1,284
Maryland
DOT,
Series B,
5.00%,
12/1/28 (4)
2,500
2,829
Maryland
DOT,
Series B,
5.00%,
12/1/29 (4)
2,375
2,724
Maryland
Economic
Dev.,
Potomac
Electric
Power,
1.70%,
9/1/22
5,000
5,000
Maryland
Economic
Dev.,
Transportation
Fac.
Project,
Series A,
5.00%,
6/1/22
395
395
Maryland
Economic
Dev.,
Transportation
Fac.
Project,
Series A,
5.00%,
6/1/23
370
381
Maryland
HHEFA,
5.00%,
7/1/24
400
421
Maryland
HHEFA,
Adventist
Healthcare,
Series A,
5.25%,
1/1/25
1,000
1,060
Maryland
HHEFA,
Adventist
Healthcare,
Series A,
5.50%,
1/1/26
1,280
1,392
Maryland
HHEFA,
Adventist
Healthcare,
Series A,
5.50%,
1/1/27
2,500
2,765
Maryland
HHEFA,
Meritus
Medical
Center,
5.00%,
7/1/25
2,000
2,142
Maryland
HHEFA,
Peninsula
Regional
Health
System,
5.00%,
7/1/23
350
362
Maryland
HHEFA,
Peninsula
Regional
Health
System,
5.00%,
7/1/25
665
713
Maryland
HHEFA,
Peninsula
Regional
Health
System,
5.00%,
7/1/26
1,250
1,361
Maryland
HHEFA,
Univ.
of
Maryland
Medical
System,
Series B-1,
VRDN,
5.00%,
7/1/45
(Tender
7/1/25)
2,530
2,687
Maryland
HHEFA,
Western
Maryland
Health,
5.00%,
7/1/23 (3)
9,000
9,323
Maryland
HHEFA,
Western
Maryland
Health,
5.00%,
7/1/24 (3)
795
844
Maryland
HHEFA,
Western
Maryland
Health,
5.25%,
7/1/26
(Prerefunded
7/1/24) (2)
1,535
1,638
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
11
Par
$
Value
(Amounts
in
000s)
Maryland
HHEFA,
Western
Maryland
Health,
5.25%,
7/1/27
(Prerefunded
7/1/24) (2)
3,000
3,201
Montgomery
County,
Series C,
GO,
5.00%,
10/1/24
4,285
4,586
Univ.
System
of
Maryland,
Series A,
5.00%,
4/1/26
3,000
3,312
Washington
County,
Homewood
Maryland
Obligated
Group,
4.00%,
5/1/24
635
639
Washington
County,
Homewood
Maryland
Obligated
Group,
4.00%,
5/1/25
665
667
92,633
MASSACHUSETTS
1.3%
Massachusetts
Bay
Transportation
Auth.
Sales
Tax
Revenue,
BAN,
4.00%,
5/1/25
5,000
5,248
Massachusetts
Ed.
Fin.
Auth.,
Series J,
5.00%,
7/1/22 (1)
2,000
2,005
Massachusetts
Ed.
Fin.
Auth.,
Series J,
5.00%,
7/1/23 (1)
2,000
2,058
Massachusetts
Ed.
Fin.
Auth.,
Series J,
5.00%,
7/1/24 (1)
2,000
2,095
Massachusetts
State
College
Building
Auth.,
Series A,
5.00%,
5/1/38
(Prerefunded
5/1/25) (2)
6,450
6,997
Massachusetts
State
College
Building
Auth.,
Series D,
5.00%,
5/1/39
(Prerefunded
5/1/25) (2)
7,575
8,217
26,620
MICHIGAN
2.4%
Detroit
City
School
Dist.,
Series C,
GO,
5.25%,
5/1/25 (6)
5,290
5,590
Detroit
Downtown
Dev.
Auth.,
Series A,
5.00%,
7/1/24 (7)
975
1,030
Great
Lakes
Water
Auth.,
Water
Supply
System,
Series A,
5.00%,
7/1/25
1,500
1,607
Great
Lakes
Water
Auth.,
Water
Supply
System,
Series D,
5.00%,
7/1/31
1,000
1,076
Great
Lakes
Water
Auth.,
Water
Supply
System,
Senior
Lien,
Series C,
5.00%,
7/1/23
2,780
2,876
Great
Lakes
Water
Auth.,
Water
Supply
System,
Senior
Lien,
Series C,
5.00%,
7/1/27
5,800
6,361
Michigan
Fin.
Auth.,
Great
Lakes
Water
Auth.,
Senior
Lien,
Series C-3,
5.00%,
7/1/29 (7)
2,500
2,629
Michigan
Fin.
Auth.,
Local
Gov't.
Loan
Program,
Series D-2,
5.00%,
7/1/27 (7)
2,850
3,007
Michigan
Fin.
Auth.,
Local
Gov't.
Loan
Program,
Series D-4,
5.00%,
7/1/29
1,500
1,571
Michigan
Fin.
Auth.,
Trinity
Health
Corp.,
5.00%,
12/1/22
300
305
Michigan
Hosp.
Fin.
Auth.,
Trinity
Health
Credit
Group,
Series C,
5.00%,
12/1/22
500
508
Michigan
Hosp.
Fin.
Auth.,
Trinity
Health
Credit
Group,
Series C,
5.00%,
12/1/23
585
611
Michigan
Hosp.
Fin.
Auth.,
Trinity
Health
Credit
Group,
Series C,
5.00%,
12/1/24
995
1,063
Michigan,
City
of
Detroit,
GO,
5.00%,
4/1/23
500
510
Michigan,
City
of
Detroit,
GO,
5.00%,
4/1/24
900
935
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
12
Par
$
Value
(Amounts
in
000s)
Michigan,
City
of
Detroit,
GO,
5.00%,
4/1/25
860
904
Wayne
County
Airport
Auth.,
Series A,
5.00%,
12/1/22
2,220
2,259
Wayne
County
Airport
Auth.,
Series A,
5.00%,
12/1/23
430
449
Wayne
County
Airport
Auth.,
Series A,
5.00%,
12/1/24
780
829
Wayne
County
Airport
Auth.,
Series B,
5.00%,
12/1/22 (1)
1,215
1,233
Wayne
County
Airport
Auth.,
Series B,
5.00%,
12/1/23 (1)
2,195
2,280
Wayne
County
Airport
Auth.,
Series B,
5.00%,
12/1/24 (1)
2,385
2,522
Wayne
County
Airport
Auth.,
Series B,
5.00%,
12/1/25 (1)
2,405
2,589
Wayne
County
Airport
Auth.,
Series C,
5.00%,
12/1/22
3,000
3,011
Wayne
County
Airport
Auth.,
Series F,
5.00%,
12/1/31 (1)
1,330
1,404
Wayne
County
Airport
Auth.,
Series G,
5.00%,
12/1/27
425
460
47,619
MINNESOTA
2.7%
Minnesota,
Series A,
GO,
5.00%,
8/1/23
4,000
4,160
Minnesota,
Series A,
GO,
5.00%,
8/1/24
5,000
5,342
Minnesota,
Series A,
GO,
5.00%,
9/1/24
15,760
16,874
Minnesota,
Series A,
GO,
5.00%,
8/1/26
5,320
5,944
Minnesota,
Series D,
GO,
5.00%,
10/1/24
8,675
9,308
Minnesota,
Series D,
GO,
5.00%,
8/1/27
7,875
8,608
Minnesota
Municipal
Gas
Agency,
Series A,
VRDN,
4.00%,
12/1/52
(Tender
12/1/27)
2,160
2,262
52,498
MISSISSIPPI
0.1%
Mississippi
Business
Fin.,
Gulf
Power
Company
Project,
VRDN,
0.74%,
11/1/42 (1)
680
680
Mississippi
Business
Fin.,
Mississippi
Power
Company
Project,
VRDN,
0.78%,
5/1/28 (1)
1,800
1,800
2,480
MISSOURI
0.3%
Kansas
City
IDA,
Kansas
City
Int'l.
Airport,
5.00%,
3/1/25 (1)
1,500
1,593
Kansas
City
IDA,
Kansas
City
Int'l.
Airport,
5.00%,
3/1/25
1,050
1,122
Missouri
HEFA,
SSM
Health
Care,
Series A,
5.00%,
6/1/26
(Prerefunded
6/1/24) (2)
1,740
1,842
Saint
Louis
Airport,
Series B,
5.00%,
7/1/22 (1)(7)
450
451
Saint
Louis
Airport,
Series B,
5.00%,
7/1/23 (1)(7)
215
222
Saint
Louis
Airport,
Series B,
5.00%,
7/1/24 (1)(7)
840
883
Saint
Louis
Airport,
Series B,
5.00%,
7/1/25 (1)(7)
375
401
6,514
NEBRASKA
1.0%
Central
Plains
Energy,
4.00%,
8/1/25
1,550
1,601
Central
Plains
Energy,
Nebraska
Gas,
VRDN,
4.00%,
12/1/49
(Tender
8/1/25)
11,175
11,507
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
13
Par
$
Value
(Amounts
in
000s)
Central
Plains
Energy,
Project
No.
4,
VRDN,
5.00%,
3/1/50
(Tender
1/1/24)
5,700
5,869
18,977
NEVADA
1.1%
Clark
County
Dept.
of
Aviation,
Airport
Improvement,
Series B,
5.00%,
7/1/26 (1)
3,000
3,260
Clark
County
Dept.
of
Aviation,
Airport
Improvement,
Series B,
5.00%,
7/1/27 (1)
7,000
7,703
Clark
County
Dept.
of
Aviation,
Airport
Improvement,
Las
Vegas-
McCarran
Int'l.,
Series A-1,
5.00%,
7/1/22 (1)
1,735
1,740
Clark
County
School
Dist.,
Series A,
GO,
3.00%,
6/15/23 (7)
450
456
Clark
County
School
Dist.,
Series A,
GO,
3.00%,
6/15/24 (7)
405
413
Clark
County
School
Dist.,
Series A,
GO,
3.00%,
6/15/25 (7)
650
667
Clark
County
School
Dist.,
Series A,
GO,
5.00%,
6/15/26 (7)
500
555
Clark
County,
Transportation
Improvement,
Series B,
GO,
5.00%,
12/1/22
6,495
6,614
21,408
NEW
JERSEY
2.7%
New
Jersey
HCFFA,
AHS
Hosp.,
5.00%,
7/1/23
275
285
New
Jersey
HCFFA,
AHS
Hosp.,
5.00%,
7/1/25
1,405
1,465
New
Jersey
HCFFA,
AHS
Hosp.,
5.00%,
7/1/25
(Prerefunded
1/1/24) (2)
95
100
New
Jersey
Transportation
Trust
Fund
Auth.,
Series A,
5.00%,
6/15/30
2,210
2,374
New
Jersey
Transportation
Trust
Fund
Auth.,
Series A,
5.00%,
6/15/31
8,000
8,959
New
Jersey
Transportation
Trust
Fund
Auth.,
Federal
Highway
Reimbursement,
Series A,
5.00%,
6/15/24
3,085
3,255
New
Jersey
Transportation
Trust
Fund
Auth.,
Transportation
System,
5.00%,
6/15/29
1,170
1,284
New
Jersey
Transportation
Trust
Fund
Auth.,
Transportation
System,
Series A,
5.00%,
12/15/24
1,975
2,090
New
Jersey
Transportation
Trust
Fund
Auth.,
Transportation
System,
Series A,
5.00%,
12/15/26
2,525
2,745
New
Jersey
Transportation
Trust
Fund
Auth.,
Transportation
System,
Series D,
5.00%,
12/15/24
1,125
1,191
New
Jersey
Turnpike
Auth.,
Series A,
5.00%,
1/1/27
590
622
New
Jersey,
COVID-19
Emergency
Bonds,
Series A,
GO,
5.00%,
6/1/24
9,465
9,965
New
Jersey,
COVID-19
Emergency
Bonds,
Series A,
GO,
5.00%,
6/1/25
13,505
14,518
Tobacco
Settlement
Fin.,
Series A,
5.00%,
6/1/22
1,760
1,760
Tobacco
Settlement
Fin.,
Series A,
5.00%,
6/1/24
1,000
1,042
Tobacco
Settlement
Fin.,
Series A,
5.00%,
6/1/26
1,050
1,124
52,779
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
14
Par
$
Value
(Amounts
in
000s)
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
2,710
New
Mexico
Hosp.
Equipment
Loan
Council,
Series B,
VRDN,
5.00%,
8/1/49
(Tender
8/1/25)
4,850
5,257
7,967
NEW
YORK
9.3%
Brooklyn
Arena
Local
Dev.,
Barclays
Center,
Series A,
5.00%,
7/15/22
975
978
Brooklyn
Arena
Local
Dev.,
Barclays
Center,
Series A,
5.00%,
7/15/23
1,250
1,283
Brooklyn
Arena
Local
Dev.,
Barclays
Center,
Series A,
5.00%,
7/15/24
3,000
3,138
Dormitory
Auth.
of
the
State
of
New
York,
Series A,
4.00%,
10/1/24 (7)
3,260
3,402
Dormitory
Auth.
of
the
State
of
New
York,
Series A,
5.00%,
12/15/23
1,625
1,656
Dormitory
Auth.
of
the
State
of
New
York,
Series A,
5.00%,
10/1/24
3,050
3,250
Dormitory
Auth.
of
the
State
of
New
York,
Bidding
Group,
Series C,
5.00%,
3/15/24 (3)
5
5
Dormitory
Auth.
of
the
State
of
New
York,
Bidding
Group
2,
Unrefunded
Balance,
Series C,
5.00%,
3/15/24
9,795
10,336
Dormitory
Auth.
of
the
State
of
New
York,
Orange
Regional
Medical
Center,
5.00%,
12/1/25 (8)
1,000
1,068
Dormitory
Auth.
of
the
State
of
New
York,
Orange
Regional
Medical
Center,
5.00%,
12/1/26 (8)
1,300
1,428
Dormitory
Auth.
of
the
State
of
New
York,
Personal
Income
Tax
General
Purpose
Bond,
Series B,
5.00%,
2/15/28
7,350
8,175
Dormitory
Auth.
of
the
State
of
New
York,
Personal
Income
Tax
General
Purpose
Bond,
Series B,
5.00%,
2/15/29
9,855
10,926
Dormitory
Auth.
of
the
State
of
New
York,
Sales
Tax,
Series A,
5.00%,
3/15/28
6,985
7,817
Long
Island
Power
Auth.,
Series B,
VRDN,
1.50%,
9/1/51
(Tender
9/1/26)
1,250
1,190
Nassau
County
Local
Economic
Assistance,
Winthrop
Univ.
Hosp.,
5.00%,
7/1/22
1,000
1,003
New
York
City,
Series 1,
GO,
5.00%,
8/1/25
5,400
5,887
New
York
City,
Series A-1,
GO,
5.00%,
8/1/30
5,000
5,882
New
York
City,
Series B,
GO,
5.00%,
8/1/23
6,370
6,619
New
York
City,
Series C,
GO,
5.00%,
8/1/23
10,000
10,391
New
York
City,
Series C,
GO,
5.00%,
8/1/27
5,000
5,661
New
York
City,
Series D,
GO,
5.00%,
8/1/24
13,145
13,437
New
York
City,
Series D,
GO,
5.00%,
8/1/28
6,085
6,218
New
York
City
IDA,
Series A,
5.00%,
1/1/24 (7)
1,250
1,307
New
York
City
IDA,
Series A,
5.00%,
1/1/25 (7)
2,000
2,122
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
15
Par
$
Value
(Amounts
in
000s)
New
York
City
IDA,
Yankee
Stadium
Project,
5.00%,
3/1/28 (7)
1,315
1,452
New
York
City
Transitional
Fin.
Auth.,
Future
Tax
Secured,
Series A,
5.00%,
11/1/31
4,550
5,304
New
York
City
Transitional
Fin.
Auth.,
Future
Tax
Secured,
Series A-1,
5.00%,
11/1/26
1,170
1,313
New
York
City
Water
&
Sewer
System,
5.00%,
6/15/25
1,690
1,834
New
York
State
Urban
Dev.,
Personal
Income
Tax,
Series A,
5.00%,
3/15/23
7,100
7,296
New
York
State
Urban
Dev.,
Personal
Income
Tax,
Series A,
5.00%,
3/15/24
3,275
3,456
New
York
Transportation
Dev.,
American
Airlines,
5.00%,
8/1/26 (1)
2,020
2,020
New
York
Transportation
Dev.,
JFK
Int'l.
Airport,
5.00%,
12/1/23
1,000
1,034
New
York
Transportation
Dev.,
Terminal
One
Group,
5.00%,
1/1/23 (1)
4,055
4,112
Port
Auth.
of
New
York
&
New
Jersey,
5.00%,
9/15/24 (1)
3,000
3,176
Port
Auth.
of
New
York
&
New
Jersey,
Series 178,
5.00%,
12/1/25 (1)
5,000
5,212
Port
Auth.
of
New
York
&
New
Jersey,
Series 178,
5.00%,
12/1/30 (1)
9,920
10,316
Port
Auth.
of
New
York
&
New
Jersey,
Series 185,
5.00%,
9/1/25 (1)
2,000
2,108
Port
Auth.
of
New
York
&
New
Jersey,
Series 207,
5.00%,
9/15/26 (1)
10,030
10,985
Sales
Tax
Asset
Receivable,
Series A,
5.00%,
10/15/22 (3)
3,310
3,356
Sales
Tax
Asset
Receivable,
Series A,
5.00%,
10/15/30
(Prerefunded
10/15/24) (2)
2,000
2,144
Triborough
Bridge
&
Tunnel
Auth.,
Series B-4,
FRN,
67%
of
SOFR
+
0.38%,
0.903%,
1/1/32
(Tender
2/1/24)
6,310
6,248
184,545
NORTH
CAROLINA
3.5%
Charlotte-Mecklenburg
Hosp.
Auth.,
VRDN,
5.00%,
1/15/49
(Tender
12/1/31)
5,000
5,789
Mecklenburg
County,
GO,
5.00%,
3/1/26
10,000
11,065
North
Carolina
Medical
Care
Commission,
3.00%,
3/1/23
150
149
North
Carolina
Medical
Care
Commission,
4.00%,
3/1/24
220
220
North
Carolina
Medical
Care
Commission,
4.00%,
3/1/25
265
263
North
Carolina
Medical
Care
Commission,
5.00%,
3/1/26
245
250
North
Carolina
Medical
Care
Commission,
5.00%,
3/1/27
290
295
North
Carolina
Medical
Care
Commission,
Caromont
Health,
Series B,
VRDN,
5.00%,
2/1/51
(Tender
2/1/26)
17,600
19,242
North
Carolina
Medical
Care
Commission,
Retirement
Fac.
First
Meeting,
4.00%,
1/1/25
250
248
North
Carolina
Medical
Care
Commission,
Southminster,
5.00%,
10/1/22
215
216
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
16
Par
$
Value
(Amounts
in
000s)
North
Carolina
Medical
Care
Commission,
Southminster,
5.00%,
10/1/23
150
153
North
Carolina
Medical
Care
Commission,
Southminster,
5.00%,
10/1/24
180
185
North
Carolina
Medical
Care
Commission,
Southminster,
5.00%,
10/1/25
125
130
North
Carolina
Medical
Care
Commission,
United
Methodist
Retirement
Home,
Series A,
5.00%,
10/1/22 (3)
350
354
North
Carolina
Medical
Care
Commission,
United
Methodist
Retirement
Home,
Series A,
5.00%,
10/1/23 (3)
400
416
North
Carolina
Medical
Care
Commission,
United
Methodist
Retirement
Home,
Series A,
5.00%,
10/1/24
(Prerefunded
10/1/23) (2)
950
1,017
North
Carolina
Medical
Care
Commission,
United
Methodist
Retirement
Home,
Series A,
5.00%,
10/1/26
(Prerefunded
10/1/23) (2)
750
803
North
Carolina
Medical
Care
Commission,
United
Methodist
Retirement
Home,
Series A,
5.00%,
10/1/27
(Prerefunded
10/1/23) (2)
175
187
North
Carolina
Medical
Care
Commission,
Vidant
Health,
5.00%,
6/1/28
(Prerefunded
6/1/25) (2)
1,575
1,706
North
Carolina
Medical
Care
Commission,
Wake
Forest
Baptist,
Series B,
5.00%,
12/1/23
2,000
2,031
North
Carolina
Medical
Care
Commission,
Wake
Forest
Baptist,
Series B,
5.00%,
12/1/27
1,125
1,142
North
Carolina
Municipal
Power
Agency
#1,
Catawba
Electric,
Series A,
5.00%,
1/1/23
170
173
North
Carolina
Municipal
Power
Agency
#1,
Catawba
Electric,
Series E,
5.00%,
1/1/23
1,500
1,531
North
Carolina
Turnpike
Auth.,
5.00%,
1/1/24 (7)
1,180
1,235
North
Carolina
Turnpike
Auth.,
BAN,
5.00%,
2/1/24
10,400
10,837
Wake
County,
5.00%,
3/1/27
2,355
2,652
Wake
County,
Series A,
5.00%,
12/1/29
1,150
1,281
Wake
County,
Series C,
GO,
5.00%,
3/1/23
6,155
6,324
69,894
OHIO
0.7%
Allen
County
Hosp.
Fac.,
Series A,
5.00%,
8/1/26
4,520
4,927
Cleveland
Airport
System,
Series B,
5.00%,
1/1/23 (1)
1,200
1,220
Cleveland
Airport
System,
Series B,
5.00%,
1/1/24 (1)
1,200
1,247
Columbus,
Series A,
GO,
5.00%,
4/1/24
1,810
1,915
Columbus,
Series A,
GO,
5.00%,
4/1/25
3,445
3,737
Hamilton
County,
Life
Enriching
Community,
5.00%,
1/1/23
100
101
Hamilton
County,
Life
Enriching
Community,
5.00%,
1/1/24
150
153
Hamilton
County,
Life
Enriching
Community,
5.00%,
1/1/25
200
205
Hamilton
County,
Life
Enriching
Community,
5.00%,
1/1/26
150
155
13,660
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
17
Par
$
Value
(Amounts
in
000s)
OKLAHOMA
0.2%
Grand
River
Dam
Auth.,
Series A,
5.00%,
6/1/23
2,000
2,067
Norman
Regional
Hosp.
Auth.,
5.00%,
9/1/22
2,060
2,078
Oklahoma
Turnpike
Auth.,
Series A,
5.00%,
1/1/25
450
483
4,628
OREGON
0.4%
Multnomah
County
School
Dist.
No.
1,
GO,
5.00%,
6/15/24
8,250
8,748
8,748
PENNSYLVANIA
3.1%
Allegheny
County
Hosp.
Dev.
Auth.,
Univ.
of
Pittsburgh
Medical
Center,
Series A,
5.00%,
7/15/22
1,050
1,054
Allentown
Neighborhood
Improvement
Zone
Dev.
Auth.,
5.00%,
5/1/24
200
208
Allentown
Neighborhood
Improvement
Zone
Dev.
Auth.,
5.00%,
5/1/25
500
527
Allentown
Neighborhood
Improvement
Zone
Dev.
Auth.,
5.00%,
5/1/26
550
588
Bucks
County
IDA,
5.00%,
7/1/25
350
370
Bucks
County
IDA,
5.00%,
7/1/26
450
481
Bucks
County
IDA,
5.00%,
7/1/27
475
512
Butler
County
Hosp.
Auth.,
5.00%,
7/1/22
405
406
Butler
County
Hosp.
Auth.,
5.00%,
7/1/23
355
366
Butler
County
Hosp.
Auth.,
5.00%,
7/1/24
2,300
2,422
Butler
County
Hosp.
Auth.,
5.00%,
7/1/25
705
755
Butler
County
Hosp.
Auth.,
5.00%,
7/1/26
460
490
Butler
County
Hosp.
Auth.,
5.00%,
7/1/27
585
621
Commonwealth
Fin.
Auth.,
Tobacco
Settlement,
5.00%,
6/1/22
1,030
1,030
Commonwealth
Fin.
Auth.,
Tobacco
Settlement,
5.00%,
6/1/23
1,000
1,030
Commonwealth
Fin.
Auth.,
Tobacco
Settlement,
5.00%,
6/1/24
2,280
2,399
Delaware
River
Port
Auth.,
Series B,
5.00%,
1/1/23
2,930
2,988
Lehigh,
Lehigh
Valley
Health
Network,
5.00%,
7/1/23
1,300
1,345
Lehigh,
Lehigh
Valley
Health
Network,
5.00%,
7/1/24
1,700
1,795
Northampton
County
General
Purpose
Auth.,
Saint
Luke's
Health
Univ.,
FRN,
70%
of
1M
USD
LIBOR
+
1.04%,
1.60%,
8/15/48
(Tender
8/15/24)
4,900
4,920
Pennsylvania,
GO,
5.00%,
9/15/25 (7)
715
782
Pennsylvania
Turnpike
Commission,
Series A,
5.00%,
12/1/30
2,000
2,144
Philadelphia,
Series A,
GO,
5.00%,
8/1/23
2,270
2,356
Philadelphia
Airport,
Series A,
5.00%,
7/1/26
1,160
1,268
Philadelphia
Airport,
Series A,
5.00%,
7/1/27
2,000
2,222
Philadelphia
Airport,
Series A,
5.00%,
7/1/28
1,750
1,962
Philadelphia
Airport,
Series C,
5.00%,
7/1/25 (1)
12,465
13,320
Philadelphia
Airport,
Series C,
5.00%,
7/1/26 (1)
1,080
1,171
Philadelphia
Airport,
Series C,
5.00%,
7/1/27 (1)
1,135
1,241
Philadelphia
Airport,
Series C,
5.00%,
7/1/28 (1)
2,970
3,277
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
18
Par
$
Value
(Amounts
in
000s)
Philadelphia
HHEFA,
Temple
Univ.
Health
System,
5.00%,
7/1/23
1,175
1,209
Southeastern
Pennsylvania
Transportation
Auth.,
5.00%,
6/1/23
750
774
Southeastern
Pennsylvania
Transportation
Auth.,
5.00%,
6/1/24
750
787
Southeastern
Pennsylvania
Transportation
Auth.,
5.00%,
6/1/25
1,000
1,071
State
Public
School
Building
Auth.,
Philadelphia
School
Dist.,
Series A,
5.00%,
6/1/33 (7)
2,500
2,751
60,642
PUERTO
RICO
3.3%
Puerto
Rico
Commonwealth,
Restructured,
Series A-1,
GO,
5.625%,
7/1/27
17,594
19,190
Puerto
Rico
Commonwealth,
Restructured,
Series A-1,
GO,
5.625%,
7/1/29
9,000
9,941
Puerto
Rico
Commonwealth,
Restructured,
Series A-1,
GO,
5.75%,
7/1/31
5,000
5,653
Puerto
Rico
Ind.
Tourist
Ed.
Medical
&
Environmental
Control
Fac.
Fin.
Auth.,
5.00%,
7/1/27
450
497
Puerto
Rico
Ind.
Tourist
Ed.
Medical
&
Environmental
Control
Fac.
Fin.
Auth.,
5.00%,
7/1/29
850
956
Puerto
Rico
Sales
Tax
Fin.,
Restructured,
Series A-1,
4.50%,
7/1/34
13,854
14,145
Puerto
Rico
Sales
Tax
Fin.,
Restructured,
Series A-1,
Zero
Coupon,
7/1/27
9,628
8,015
Puerto
Rico
Sales
Tax
Fin.,
Restructured,
Series A-1,
Zero
Coupon,
7/1/31
9,535
6,544
64,941
RHODE
ISLAND
0.2%
Rhode
Island
Health
&
Ed.
Building,
Care
New
England,
Series B,
5.00%,
9/1/22
550
554
Rhode
Island
Health
&
Ed.
Building,
Care
New
England,
Series B,
5.00%,
9/1/23
550
566
Rhode
Island
Health
&
Ed.
Building,
Care
New
England,
Series B,
5.00%,
9/1/24
1,290
1,350
Rhode
Island
Health
&
Ed.
Building,
Care
New
England,
Series B,
5.00%,
9/1/25
415
441
Rhode
Island
Health
&
Ed.
Building,
Care
New
England,
Series B,
5.00%,
9/1/26
450
485
3,396
SOUTH
CAROLINA
1.9%
Patriots
Energy
Group
Fin.
Agency,
Series A,
VRDN,
4.00%,
10/1/48
(Tender
2/1/24)
15,755
16,105
Piedmont
Municipal
Power
Agency,
Series A,
5.00%,
1/1/23
2,080
2,120
South
Carolina
Jobs
Economic
Dev.
Auth.,
Bon
Secours
Health
System,
5.00%,
11/1/24
(Prerefunded
11/1/22) (2)
3,000
3,045
South
Carolina
Jobs
Economic
Dev.
Auth.,
Bon
Secours
Health
System,
VRDN,
5.00%,
12/1/48
(Tender
10/1/25)
4,575
4,984
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
19
Par
$
Value
(Amounts
in
000s)
South
Carolina
Jobs-Economic
Dev.
Auth.,
Prisma
Health
Obligated
Group,
Series A,
5.00%,
5/1/30
1,140
1,250
South
Carolina
Ports
Auth.,
5.00%,
7/1/23 (1)
2,555
2,640
South
Carolina
Ports
Auth.,
5.00%,
7/1/24 (1)
850
894
South
Carolina
Ports
Auth.,
5.00%,
7/1/25 (1)
1,190
1,273
South
Carolina
Ports
Auth.,
5.25%,
7/1/55
(Prerefunded
7/1/25) (1)(2)
3,240
3,526
Spartanburg
Regional
Health
Services
Dist.,
5.00%,
4/15/29
1,700
1,901
37,738
SOUTH
DAKOTA
0.1%
South
Dakota
HEFA,
Sanford
Obligated
Group,
5.00%,
11/1/29
1,000
1,061
1,061
TENNESSEE
2.4%
Chattanooga
Health
Ed.
&
Housing
Fac.
Board,
Student
Housing
-
CDFI
Phase
I,
CDFI,
5.00%,
10/1/22
1,045
1,051
Chattanooga
Health
Ed.
&
Housing
Fac.
Board,
Student
Housing
-
CDFI
Phase
I,
CDFI,
5.00%,
10/1/23
650
664
Greeneville
Health
&
Ed.
Fac.
Board,
Ballad
Health
Obligated
Group,
5.00%,
7/1/23
4,200
4,341
Greeneville
Health
&
Ed.
Fac.
Board,
Ballad
Health
Obligated
Group,
5.00%,
7/1/24
3,025
3,112
Greeneville
Health
&
Ed.
Fac.
Board,
Ballad
Health
Obligated
Group,
5.00%,
7/1/29
1,000
1,105
Greeneville
Health
&
Ed.
Fac.
Board,
Ballad
Health
Obligation
Group,
5.00%,
7/1/25
1,000
1,028
Greeneville
Health
&
Ed.
Fac.
Board,
Ballad
Health
Obligation
Group,
5.00%,
7/1/31
1,760
1,796
Memphis-Shelby
County
Airport
Auth.,
Series B,
5.00%,
7/1/24 (1)
3,330
3,494
Metropolitan
Gov't.
of
Nashville
&
Davidson
County,
Improvement,
GO,
5.00%,
7/1/24
17,760
18,868
Metropolitan
Nashville
Airport,
Series B,
5.00%,
7/1/25 (1)
515
550
Metropolitan
Nashville
Airport,
Series B,
5.00%,
7/1/26 (1)
1,695
1,838
Tennergy,
Series A,
VRDN,
5.00%,
2/1/50
(Tender
10/1/24)
5,000
5,253
Tennessee
Energy
Acquisition,
VRDN,
4.00%,
11/1/49
(Tender
11/1/25)
1,615
1,663
Tennessee
Energy
Acquisition,
Series A,
5.25%,
9/1/22
245
247
Tennessee
Energy
Acquisition,
Series A,
VRDN,
4.00%,
5/1/48
(Tender
5/1/23)
1,045
1,058
Tennessee
Energy
Acquisition,
Series C,
5.00%,
2/1/23
1,410
1,434
Tennessee
Energy
Acquisition,
Goldman
Sachs,
Series C,
5.00%,
2/1/24
175
181
47,683
TEXAS
10.9%
Austin
Airport
System,
5.00%,
11/15/23 (1)
5,000
5,200
Austin
Airport
System,
5.00%,
11/15/27 (1)
1,780
1,872
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
20
Par
$
Value
(Amounts
in
000s)
Austin
Airport
System,
Series A,
5.00%,
11/15/26
545
603
Austin
Airport
System,
Series B,
5.00%,
11/15/22 (1)
620
629
Austin
Airport
System,
Series B,
5.00%,
11/15/23 (1)
715
744
Austin
Airport
System,
Series B,
5.00%,
11/15/29 (1)
1,200
1,296
Austin
Convention
Enterprises,
First
Tier
Convention
Center,
Series A,
5.00%,
1/1/26
1,505
1,583
Austin
Convention
Enterprises,
First
Tier
Convention
Center,
Series A,
5.00%,
1/1/27
1,655
1,759
Austin
Water
&
Wastewater
System,
5.00%,
11/15/32
2,095
2,294
Central
Texas
Regional
Mobility
Auth.,
5.00%,
1/1/24
1,025
1,068
Central
Texas
Regional
Mobility
Auth.,
5.00%,
1/1/25
1,195
1,258
Central
Texas
Regional
Mobility
Auth.,
5.00%,
1/1/26
1,620
1,739
Central
Texas
Regional
Mobility
Auth.,
5.00%,
1/1/28
1,700
1,815
Central
Texas
Regional
Mobility
Auth.,
Series A,
5.00%,
1/1/40
(Prerefunded
7/1/25) (2)
4,490
4,881
Central
Texas
Regional
Mobility
Auth.,
Series A,
5.00%,
1/1/45
(Prerefunded
7/1/25) (2)
1,475
1,603
Central
Texas
Regional
Mobility
Auth.,
Series C,
5.00%,
1/1/27
14,845
15,916
Clifton
Higher
Ed.
Fin.,
Int'l.
Leadership,
Series D,
5.00%,
8/15/22
1,000
1,005
Clifton
Higher
Ed.
Fin.,
Int'l.
Leadership,
Series D,
5.00%,
8/15/23
1,505
1,542
Clifton
Higher
Ed.
Fin.,
Int'l.
Leadership,
Series D,
5.00%,
8/15/24
3,120
3,240
Dallas,
GO,
5.00%,
2/15/25
5,000
5,372
Dallas
Hotel
Occupancy
Tax
Revenue,
4.00%,
8/15/27
2,000
2,127
Dallas
Hotel
Occupancy
Tax
Revenue,
4.00%,
8/15/28
2,000
2,117
Dallas/Fort
Worth
Int'l.
Airport,
Series B,
5.00%,
11/1/22 (1)
1,785
1,808
Dallas/Fort
Worth
Int'l.
Airport,
Series B,
5.00%,
11/1/26
205
208
Grand
Parkway
Transportation,
BAN,
5.00%,
2/1/23
8,320
8,483
Harris
County
Cultural
Ed.
Fac.
Fin.,
5.00%,
6/1/23
1,385
1,430
Harris
County
Cultural
Ed.
Fac.
Fin.,
Memorial
Hermann
Health,
Series A,
5.00%,
12/1/24
1,865
1,891
Harris
County
Cultural
Ed.
Fac.
Fin.,
Memorial
Hermann
Health,
Series A,
5.00%,
12/1/25
(Prerefunded
12/1/22) (2)
2,080
2,117
Harris
County
Cultural
Ed.
Fac.
Fin.,
Memorial
Hermann
Health
Sys.,
VRDN,
5.00%,
6/1/32
(Tender
12/1/26)
4,665
5,131
Harris
County
Cultural
Ed.
Fac.
Fin.,
Memorial
Hermann
Health
Sys.,
VRDN,
5.00%,
7/1/49
(Tender
12/1/24)
1,880
1,996
Harris
County
Cultural
Ed.
Fac.
Fin.,
Memorial
Hermann
Health
Sys.,
VRDN,
5.00%,
7/1/49
(Tender
9/1/22)
1,900
1,918
Harris
County
Cultural
Ed.
Fac.
Fin.,
Methodist
Hosp.,
Series B,
VRDN,
0.62%,
12/1/59
1,400
1,400
Harris
County
Cultural
Ed.
Fac.
Fin.,
Texas
Children's
Hosp.,
5.00%,
10/1/28
3,110
3,352
Harris
County
Cultural
Ed.
Fac.
Fin.,
Texas
Children's
Hosp.,
VRDN,
5.00%,
10/1/41
(Tender
10/1/24)
4,000
4,251
Houston
Airport
System,
Series A,
5.00%,
7/1/23 (1)
825
850
Houston
Airport
System,
Series A,
5.00%,
7/1/25 (1)
1,250
1,337
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
21
Par
$
Value
(Amounts
in
000s)
Houston
Airport
System,
Series A,
5.00%,
7/1/26 (1)
1,250
1,358
Houston
Airport
System,
Series A,
5.00%,
7/1/27 (1)
1,000
1,100
Houston
Combined
Utility
System,
Series B,
5.00%,
11/15/22
800
813
Houston
Combined
Utility
System,
Series B,
5.00%,
11/15/23
975
1,020
Houston
Independent
School
Dist.,
Permanent
School
Fund,
GO,
5.00%,
2/15/25
4,660
5,016
Love
Field
Airport
Modernization,
Southwest
Airlines,
5.00%,
11/1/28 (1)
1,000
1,012
Lower
Colorado
River
Auth.,
5.00%,
5/15/24
120
127
Lower
Colorado
River
Auth.,
Series A,
5.00%,
5/15/23
860
887
Lower
Colorado
River
Auth.,
Series A,
5.00%,
5/15/24
1,045
1,103
Lower
Colorado
River
Auth.,
Transmission
Services,
5.00%,
5/15/24
280
295
Lower
Colorado
River
Auth.,
Transmission
Services,
5.00%,
5/15/25
1,010
1,087
North
Texas
Tollway
Auth.,
Series 2016A,
5.00%,
1/1/28
2,705
2,939
North
Texas
Tollway
Auth.,
Series A,
5.00%,
1/1/23
2,415
2,464
North
Texas
Tollway
Auth.,
Series A,
5.00%,
1/1/24
10,150
10,337
North
Texas
Tollway
Auth.,
Series A,
5.00%,
1/1/26
9,710
10,137
North
Texas
Tollway
Auth.,
Series A,
5.00%,
1/1/28
460
488
North
Texas
Tollway
Auth.,
Series A,
5.00%,
1/1/30
1,650
1,743
North
Texas
Tollway
Auth.,
First
Tier,
5.00%,
1/1/23 (3)
830
847
North
Texas
Tollway
Auth.,
First
Tier,
Series A,
5.00%,
1/1/23
1,270
1,294
North
Texas
Tollway
Auth.,
First
Tier,
Series A,
5.00%,
1/1/25
1,140
1,191
North
Texas
Tollway
Auth.,
First
Tier,
Series A,
5.00%,
1/1/27
8,430
8,793
Port
Beaumont
Navigation
Dist.,
1.875%,
1/1/26 (1)(8)
500
465
San
Antonio,
GO,
5.00%,
2/1/23
5,880
6,019
San
Antonio
Electric
&
Gas,
5.00%,
2/1/23
4,380
4,483
San
Antonio
Water
System,
Series B,
5.00%,
5/15/25
255
262
Tarrant
County
Cultural
Ed.
Fac.
Fin.,
Series A,
5.00%,
11/15/22
885
897
Texas
Municipal
Gas
Acquisition
&
Supply
I,
Series D,
6.25%,
12/15/26
14,910
16,052
Texas
Municipal
Gas
Acquisition
&
Supply
I,
Merrill
Lynch,
Senior
Lien,
Series A,
5.25%,
12/15/25
2,500
2,693
Texas
Municipal
Gas
Acquisition
&
Supply
III,
5.00%,
12/15/22
1,375
1,394
Texas
Municipal
Gas
Acquisition
&
Supply
III,
5.00%,
12/15/23
2,125
2,193
Texas
Municipal
Gas
Acquisition
&
Supply
III,
5.00%,
12/15/24
2,450
2,561
Texas
Municipal
Gas
Acquisition
&
Supply
III,
5.00%,
12/15/25
1,835
1,943
Texas
Municipal
Gas
Acquisition
&
Supply
III,
5.00%,
12/15/28
7,750
8,348
Texas
Municipal
Gas
Acquisition
&
Supply
III,
5.00%,
12/15/29
2,215
2,394
Texas
Municipal
Gas
Acquisition
&
Supply
III,
5.00%,
12/15/31
3,535
3,815
Texas
State
Univ.
System,
Series A,
5.00%,
3/15/23
1,000
1,028
Texas
Transportation
Commission
State
Highway
Fund,
Series A,
5.00%,
4/1/23
4,000
4,115
Texas
Transportation
Commission,
First
Tier,
5.00%,
10/1/23
7,535
7,862
216,410
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
22
Par
$
Value
(Amounts
in
000s)
UTAH
1.4%
Intermountain
Power
Agency,
Series A,
5.00%,
7/1/26
2,000
2,218
Intermountain
Power
Agency,
Series A,
5.00%,
7/1/27
2,000
2,261
Intermountain
Power
Agency,
Series A,
5.00%,
7/1/28
2,250
2,576
Salt
Lake
City
Airport,
Series 2017A,
5.00%,
7/1/27 (1)
2,030
2,229
Salt
Lake
City
Airport,
Series 2021A,
5.00%,
7/1/27 (1)
2,580
2,833
Salt
Lake
City
Airport,
Series A,
5.00%,
7/1/23 (1)
4,975
5,133
Salt
Lake
City
Airport,
Series A,
5.00%,
7/1/26 (1)
1,155
1,253
Utah,
Series B,
GO,
5.00%,
7/1/24
4,250
4,528
Utah
County,
Series B,
VRDN,
5.00%,
5/15/60
(Tender
8/1/26)
4,050
4,452
Vineyard
Redev.
Agency,
5.00%,
5/1/23 (7)
400
412
Vineyard
Redev.
Agency,
5.00%,
5/1/27 (7)
615
688
28,583
VIRGINIA
4.8%
Alexandria,
Series A,
GO,
5.00%,
12/15/25
4,800
5,284
Arlington
County
IDA,
Virginia
Hosp.
Center,
5.00%,
7/1/23
410
424
Arlington
County
IDA,
Virginia
Hosp.
Center,
5.00%,
7/1/24
1,600
1,689
Arlington
County
IDA,
Virginia
Hosp.
Center,
5.00%,
7/1/28
880
981
Chesapeake
Bay
Bridge
&
Tunnel
Dist.,
First
Tier
General
Resolution,
BAN,
5.00%,
11/1/23
12,000
12,449
Chesapeake
Expressway
Toll
Road,
Series A,
5.00%,
7/15/23
105
105
Fairfax
County
IDA,
Inova
Health
System,
5.00%,
8/15/23
4,165
4,261
Fairfax
County
IDA,
Inova
Health
System,
5.00%,
5/15/27
2,500
2,801
Fairfax
County
IDA,
Inova
Health
System,
Series B-2,
VRDN,
5.00%,
5/15/57
(Tender
5/15/23)
3,600
3,705
Fredericksburg
Economic
Dev.
Auth.,
Mary
Washington
Healthcare,
5.00%,
6/15/27
1,750
1,827
Greater
Richmond
Convention
Center
Auth.,
5.00%,
6/15/24
225
238
Hampton
Roads
Sanitation
Dist.,
Wastewater,
Series A,
5.00%,
7/1/22
850
853
Hampton
Roads
Sanitation
Dist.,
Wastewater,
Series A,
5.00%,
8/1/34
(Prerefunded
8/1/26) (2)
4,335
4,838
Hampton
Roads
Transportation
Accountability
Commission,
Series A,
BAN,
5.00%,
7/1/26
4,850
5,395
Virginia
College
Building
Auth.,
21st
Century
College
&
Equipment
Programs,
Series B,
5.00%,
2/1/24
9,400
9,893
Virginia
College
Building
Auth.,
Public
Higher
Ed.
Fin.
Program,
Series B,
5.00%,
9/1/23
4,000
4,165
Virginia
Public
Building
Auth.,
Series A-1,
5.00%,
8/1/27
3,000
3,420
Virginia
Public
Building
Auth.,
Series B,
5.00%,
8/1/24
3,000
3,198
Virginia
Public
Building
Auth.,
Series B,
5.00%,
8/1/25
1,325
1,447
Virginia
Public
School
Auth.,
5.00%,
8/1/27
4,000
4,343
Virginia
Public
School
Auth.,
Series A,
5.00%,
8/1/25
4,625
5,045
Virginia
Public
School
Auth.,
Series A,
5.00%,
8/1/26
4,845
5,401
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
23
Par
$
Value
(Amounts
in
000s)
Virginia
Resources
Auth.,
Series D,
5.00%,
11/1/27
(Prerefunded
11/1/25) (2)
2,105
2,306
Virginia
Transportation
Board,
Federal
Highway,
GAN,
5.00%,
9/15/23
10,000
10,426
94,494
WASHINGTON
2.0%
Central
Puget
Sound
Regional
Transit
Auth.,
Series S-1,
5.00%,
11/1/35
(Prerefunded
11/1/25) (2)
13,250
14,540
Energy
Northwest,
Series A,
5.00%,
7/1/23
195
202
Washington,
Series A,
GO,
5.00%,
8/1/27
5,000
5,674
Washington,
Series A-1,
GO,
5.00%,
8/1/27
4,130
4,485
Washington,
Series R-2022,
GO,
4.00%,
7/1/26
5,000
5,365
Washington
Health
Care
Fac.
Auth.,
Commonspirit
Health,
Series B,
VRDN,
5.00%,
8/1/49
(Tender
8/1/26)
6,900
7,420
Washington
Health
Care
Fac.
Auth.,
Commonspirit
Health,
Series B-2,
VRDN,
5.00%,
8/1/49
(Tender
8/1/25)
2,450
2,597
40,283
WISCONSIN
1.6%
Wisconsin,
Series 2017-2,
GO,
5.00%,
11/1/22
6,520
6,620
Wisconsin,
Series 3,
GO,
5.00%,
11/1/22
75
76
Wisconsin,
Series A,
GO,
5.00%,
5/1/23
4,175
4,307
Wisconsin
Clean
Water
Fund
Leveraged
Loan
Portfolio,
5.00%,
6/1/25
(Prerefunded
6/1/24) (2)
5,000
5,298
Wisconsin
HEFA,
Advocate
Aurora
Health
Credit
Group,
VRDN,
5.00%,
8/15/54
(Tender
7/29/26)
4,185
4,586
Wisconsin
HEFA,
Advocate
Aurora
Health
Credit
Group,
Series B-4,
VRDN,
5.00%,
8/15/54
(Tender
1/29/25)
10,000
10,665
31,552
Total
Investments
in
Securities
99.1%
(Cost
$1,993,926)
$
1,962,887
Other
Assets
Less
Liabilities
0.9%
17,172
Net
Assets
100.0%
$
1,980,059
‡
Par
is
denominated
in
U.S.
dollars
unless
otherwise
noted.
(1)
Interest
subject
to
alternative
minimum
tax.
(2)
Prerefunded
date
is
used
in
determining
portfolio
maturity.
(3)
Escrowed
to
maturity
(4)
When-issued
security
(5)
Insured
by
Build
America
Mutual
Assurance
Company
(6)
Insured
by
Financial
Guaranty
Insurance
Company
(7)
Insured
by
Assured
Guaranty
Municipal
Corporation
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
24
The
accompanying
notes
are
an
integral
part
of
this
Portfolio
of
Investments.
.
.
.
.
.
.
.
.
.
.
(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
$2,961
and
represents
0.1%
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
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
25
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
T.
Rowe
Price
Valuation
Committee
(the
Valuation
Committee)
is
an
internal
committee
that
has
been
delegated
certain
responsibilities
by
the
fund’s
Board
of
Directors
(the
Board)
to
ensure
that
financial
instruments
are
appropriately
priced
at
fair
value
in
accordance
with
GAAP
and
the
1940
Act.
Subject
to
oversight
by
the
Board,
the
Valuation
Committee
develops
and
oversees
pricing-related
policies
and
procedures
and
approves
all
fair
value
determinations.
Specifically,
the
Valuation
Committee
establishes
policies
and
procedures
used
in
valuing
financial
instruments,
including
those
which
cannot
be
valued
in
accordance
with
normal
procedures
or
using
pricing
vendors;
determines
pricing
techniques,
sources,
and
persons
eligible
to
effect
fair
value
pricing
actions;
evaluates
the
services
and
performance
of
the
pricing
vendors;
oversees
the
pricing
process
to
ensure
policies
and
procedures
are
being
followed;
and
provides
guidance
on
internal
controls
and
valuation-related
matters.
The
Valuation
Committee
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
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
26
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)
Level
3
–
unobservable
inputs
(including
the fund’s
own
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
or
market-based
valuations
are
not
readily
available
or
deemed
unreliable
are
valued
at
fair
value
as
determined
in
good
faith
by
the
Valuation
Committee,
in
accordance
with
fair
valuation
policies
and
procedures.
The
objective
of
any
fair
value
pricing
determination
is
to
arrive
at
a
price
that
could
reasonably
be
expected
from
a
current
sale.
Financial
instruments
fair
valued
by
the
Valuation
Committee
are
primarily
private
placements,
restricted
securities,
warrants,
rights,
and
other
securities
that
are
not
publicly
traded.
Factors
used
in
determining
fair
value
vary
by
type
of
investment
and
may
include
market
or
investment
specific
considerations.
The
Valuation
Committee
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
Committee
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
T.
ROWE
PRICE
Tax-Free
Short-Intermediate
Fund
27
same
issuer;
discounted
cash
flows;
yield
to
maturity;
or
some
combination.
Fair
value
determinations
are
reviewed
on
a
regular
basis
and
updated
as
information
becomes
available,
including
actual
purchase
and
sale
transactions
of
the
investment.
Because
any
fair
value
determination
involves
a
significant
amount
of
judgment,
there
is
a
degree
of
subjectivity
inherent
in
such
pricing
decisions,
and
fair
value
prices
determined
by
the
Valuation
Committee
could
differ
from
those
of
other
market
participants.
Valuation
Inputs
On
May
31,
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.
Economic
sanctions
have
since
been
imposed
on
Russia
and
certain
of
its
citizens,
including
the
exclusion
of
Russia
from
the
SWIFT
global
payments
network.
As
a
result, Russian-related
stocks
and
debt
have
since
suffered
significant
declines
in
value.
The
duration
of
the
coronavirus
outbreak
and
the
Russian-Ukraine
conflict,
and
their
effects
on
the
financial
markets,
cannot
be
determined
with
certainty. The fund’s
performance
could
be
negatively
impacted
if
the
value
of
a
portfolio
holding
were
harmed
by
these
and
such
other
events.
Management
is
actively
monitoring
these
events.
F56-054Q1
05/22