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  February
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 fundís income is expected to be exempt from federal and California state income taxes.
Investor Profile
California taxpayers seeking principal stability and liquidity who, because of their tax bracket, can benefit from income that is exempt from federal and California state income taxes. Not appropriate for tax-deferred retirement plans, such as IRAs. Some income may be subject to the federal alternative minimum tax. Income earned by non-California residents will be subject to applicable state and local taxes.
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.
* Funds are placed in general risk/return categories based on their 10-year standard deviation (as of December 2015) or, for newer funds, the standard deviation 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.