T. Rowe Price California Tax-Free Bond Fund (PRXCX)
Ticker Symbol:
PRXCX
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Objective
Quick Stats
Fiscal Year End  February
Morningstar Category  Muni California Long
Inception Date 09/15/1986
Tax ID 52-1479525
Investment Objective
To provide, consistent with prudent portfolio management, the highest level of income exempt from federal and California state income taxes.
Strategy
Invests at least 80% of its net assets in California municipals. Dollar-weighted average maturity is expected to exceed 10 years.
Availability
AZ, CA, DC, FL, HI, MD, NJ, NV, OR, WY
Risk/Reward Potential*
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The California Tax-Free Bond Fund offers investors income that is double-tax-free. The fund is expected to provide higher income than the T. Rowe Price California Tax-Free Money Fund, with more share price volatility.

Yield and share price will vary with interest rate changes. Investors should note that if interest rates rise significantly from current levels, bond fund total returns will decline and may even turn negative in the short term. There is also a chance that some of the fund's holdings may have their credit rating downgraded or may default. The fund is less diversified than one investing nationally.
* 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.