Austin Applegate is a portfolio manager in the Fixed Income Division. He manages the California Tax-Free Bond Fund, the institutional separately managed accounts in the US Municipal Long-Term Bond Strategy, and the Summit Municipal Income Fund. Austin is a member of the Investment Advisory Committees for the State Tax-Free Bond Funds, the Summit Municipal Funds, Inc., the Short-Term Bond Fund, and the Tax-Free Short-Intermediate Fund. He also is an Investment Advisory Committee member of the Ultra Short-Term Bond Fund. Austin is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.