The T. Rowe Price Tax-Free Income Advisor Class (PATAX) is a mutual fund that focuses on providing tax-free income to its investors. This fund is managed by T. Rowe Price, a well-known investment management firm, and is designed for investors seeking tax-efficient ways to grow their wealth. The fund primarily invests in municipal bonds, which are issued by state and local governments and are exempt from federal income tax. This makes it an attractive option for investors in higher tax brackets. The advisor class designation indicates that this fund is available for purchase through a financial advisor. Overall, the T. Rowe Price Tax-Free Income Advisor Class aims to provide a steady stream of tax-free income while also preserving capital for its investors.