T. Rowe Price California Tax-Free Money Fund |
PCTXX
Fund Status:
Open to new Retail investors
/
Open to subsequent Retail investments
Fund Snapshot
Quick Stats
| Current NAV as of 11/20/2009 | $1.00 |
| NAV Change | $0.00 |
| Daily YTD Return as of 11/20/2009 | 0.14% |
| NAV 12 Month Low-High | N/A |
| Net Assets as of 10/31/2009 | $101.88 Million |
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.
An investment in money market funds 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.
7-Day Annualized Dividend Yield1
as of
11/20/2009
| Simple | 0.00% |
| Compound | 0.00% |
1Yields represent the average daily dividends for the seven days,
annualized by 365 days and divided by the net asset values per
share at the end of the period. The yield quotation more closely reflects the
current earnings of the money market fund than the total return.
In an effort to maintain a positive net yield for the fund, T. Rowe Price has voluntarily waived all or a portion of the management fee it is entitled to receive from the fund. This voluntary waiver is in addition to any contractual expense ratio limitation in effect for the fund and may be amended or terminated at any time without prior notice. A fee waiver has the effect of increasing the fund's net yield; without it, the fund's 7-day yield would have been lower. Please see the prospectus for more details.
Year-to-date figures are not annualized and represent total return, which includes reinvested distributions (income and capital gains) and any change in share price for the given period. The yield quotation more closely reflects the current earnings of the money market fund than the total return quotation.
In an effort to maintain a positive net yield for the fund, T. Rowe Price has voluntarily waived all or a portion of the management fee it is entitled to receive from the fund. This voluntary waiver is in addition to any contractual expense ratio limitation in effect for the fund and may be amended or terminated at any time without prior notice. A fee waiver has the effect of increasing the fund's net yield; without it, the fund's 7-day yield would have been lower. Please see the prospectus for more details.
Year-to-date figures are not annualized and represent total return, which includes reinvested distributions (income and capital gains) and any change in share price for the given period. The yield quotation more closely reflects the current earnings of the money market fund than the total return quotation.
Performance Comparison
as of
10/31/2009
Average Annual Total Returns2
| Month End 10/31/2009 |
Quarter End 09/30/2009 |
|
| 1 Year | 0.20% | 0.40% |
| 3 Years | 1.79% | 1.87% |
| 5 Years | 1.96% | 1.98% |
| 10 Years | 1.73% | 1.75% |
| Since Inception | 2.66% | 2.67% |
| Inception Date | September 15, 1986 | |
| Expense Ratio as of 02/28/2009 | 0.63% | |
Current performance may be lower or higher than the quoted past performance,
which cannot guarantee future results. Return and yield will vary.
2Average annual total return figures include reinvested dividends and capital gain distributions.
See Glossary for additional details on all data elements.
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