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  • T. Rowe Price Summit Cash Reserves Fund (TSCXX)
    Ticker Symbol:
    TSCXX
    Fund Status:
    Open to new Retail investors  /  Open to subsequent Retail investments
    Fund Objective
    Quick Stats
    Fiscal Year End  October
    Inception Date 10/29/1993
    Tax ID 52-1851276
    Investment Objective
    The fund's objectives are preservation of capital, liquidity, and, consistent with these, the highest possible current income.
    Strategy
    The Summit 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.
    Investor Profile
    Summit Cash Reserves Fund can be an appropriate place for investors to put money between investments or during uncertain market conditions, are seeking current income with stable principal values, and can meet the fund's $25,000 initial purchase requirement. The fund is appropriate for tax-deferred retirement plans, such as IRAs.
    Availability
    All States
    Risk/Reward Potential*
    Click on the risk/reward spectrum below to view the funds in that category
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    The Summit 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.

    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.