T. Rowe Price Cash Reserves Fund (TSCXX)
Ticker Symbol:
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Formerly T. Rowe Price Summit Cash Reserves Fund
Fund Objective
Quick Stats
Fiscal Year End  October
Inception Date 10/29/1993
Tax ID 52-1851276
Investment Objective
The fund seeks preservation of capital and liquidity, and, consistent with these, the highest possible current income.
The Cash Reserves Fund is a money market fund managed to provide a stable share price. It invests in high-quality, U.S. dollar-denominated money market securities of U.S. and foreign issuers. The fund's securities mature in 13 months or less. The fund's average weighted maturity will not exceed 60 days, and its yield will fluctuate with changes in short-term interest rates. Investments into retail money market funds are limited to natural persons or retail customers.
Investor Profile
Cash Reserves Fund can be an appropriate place for investors to put money between investments or during uncertain market conditions who are seeking current income with stable principal values. The fund is appropriate for tax-deferred retirement plans, such as IRAs.
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Risk/Reward Potential*
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The Cash Reserves Fund offers a relatively secure, liquid investment that seeks to provide the highest possible income available from low-risk, short-term securities. Since it invests in very short-term securities, the fund has less exposure to interest rate risk and to principal loss than short-term bond funds, which may offer higher yields.

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 Funds 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 Funds 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.