Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, yield, and return will vary and you may have a gain or loss when you sell your shares.
For up-to-date standardized total returns, please click here.
The performance information shown does not reflect the deduction of redemption fees, if it did, the performance would be lower.
Disclosure for California Tax-Free Money Fund:
You could lose money by investing in the Fund. Although the Fund seeks to
preserve the value of your investment at $1.00 per share, it cannot guarantee
it will do so. Beginning October 14, 2016, the Fund may impose a fee upon the
sale of your shares or may temporarily suspend your ability to sell shares if
the Fund's liquidity falls below required minimums because of market conditions
or other factors. An investment in the Fund is not insured or guaranteed by the
Federal Deposit Insurance Corporation or any other government agency. The
Fund's sponsor has no legal obligation to provide financial support to the Fund,
and you should not expect that the sponsor will provide financial support to the
Fund at any time.
Note about the California Tax-Free Money Fund's expense ratio:
The fund's gross expense ratio as of its fiscal year ended 02/29/2016 was
To protect the interests of shareholders, T. Rowe Price Associates will waive its fees and/or bear any expenses that would cause the fund's
expense ratio to exceed 0.55%. This contractual expense limitation expires on 06/30/2017.
*Morningstar Ratings are based on risk-adjusted returns. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with a fund's 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics.