T. Rowe Price California Tax-Free Money Fund (PCTXX)
Ticker Symbol:
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Objective
Quick Stats
Fiscal Year End  April
Inception Date 09/15/1986
Tax ID 52-1479526
Investment Objective
The fund seeks to provide preservation of capital, liquidity and, consistent with these objectives, the highest level of income exempt from federal and California state income taxes.
The fund will invest at least 65% of total assets in California municipal securities, and at least 80% of the fund's income is expected to be exempt from federal and California state income taxes. Investments into retail money market funds are limited to natural persons or retail customers.
Risk/Reward Potential*
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The California Tax-Free Money Fund offers investors stability of principal, liquidity, and double-tax-free income. The fund seeks to maintain a stable net asset value and provide an appropriate place for money between investments or during uncertain market conditions. The California Tax-Free Money Fund offers lower risk and reward potential than the California Tax-Free Bond 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.
* Annually we evaluate the standard deviation of each US mutual fund listed and its resulting placement within specific risk/return categories.

Methodology: If a fund is at least 5 year old, it is generally placed in risk/return categories based on the standard deviation of its performance for the longest period of its calendar year returns; the longest time period used for analysis is 10 years (regardless of the fund's inception). If a fund is less than 5 years old, we generally use the fund's primary benchmark disclosed in its prospectus as a proxy and follow the same process of using 10-year standard deviation of the benchmark, or longest time period available. The firm at its sole discretion may show a fund in a higher risk category based on qualitative or other factors that may differ from this methodology.
See Glossary for additional details on all data elements.