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  • T. Rowe Price New York Tax-Free Money Fund (NYTXX)
    Ticker Symbol:
    NYTXX
    Fund Status:
    Open to new Retail investors  /  Open to subsequent Retail investments
    Fund Objective
    Quick Stats
    Fiscal Year End  February
    Inception Date 08/28/1986
    Tax ID 52-1474853
    Investment Objective
    The fund seeks to provide preservation of capital, liquidity, and, consistent with these objectives, the highest level of income exempt from federal, New York state, and New York City income taxes.
    Strategy
    The New York Tax-Free Money Fund will invest at least 65% of total assets in New York municipal securities, and at least 80% of the fund's income is expected to be exempt from federal, New York state, and New York City income taxes. The fund's securities will mature in 13 months or less, and the fundís weighted average maturity will not exceed 60 days. While the fund's yield will fluctuate with changes in interest rates, its share price is managed to remain stable.
    Investor Profile
    The New York Tax-Free Money Fund can be an appropriate place to put money between investments or during uncertain market conditions. This fund is not appropriate for tax-deferred retirement plans, such as IRAs. New York taxpayers, depending on their tax bracket, can benefit from income that is exempt from federal, state, and local income taxes. Some income may be subject to the federal alternative minimum tax. Income earned by non-New York residents will be subject to applicable state and local taxes.
    Availability
    CT, DC, DE, FL, HI, IL, MA, MD, NJ, NY, PA, RI, VA, VT, WV, WY
    Risk/Reward Potential*
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    The New York Tax-Free Money Fund offers investors stability of principal, liquidity, and income exempt from federal, New York state, and New York City income taxes.

    An investment in the fund is not insured or guaranteed by the FDIC or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.
    *Funds are placed in general risk/return categories based on their past performance or, for newer funds, the performance of the types of securities in which they invest. There is no assurance past trends will continue.
    See Glossary for additional details on all data elements.