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Morningstar

T. Rowe Price California Tax-Free Bond PRXCX

Morningstar Medalist Rating
Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 10.71  /  +0.01 %
  • Total Assets 735.3 Mil
  • Adj. Expense Ratio
    0.580%
  • Expense Ratio 0.580%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.10%
  • Effective Duration 7.08 years

USD | NAV as of Apr 22, 2024 | 1-Day Return as of Apr 22, 2024, 10:14 PM GMT+0

Morningstar’s Analysis PRXCX

Will PRXCX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PRXCX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PRXCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PRXCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A strong management team and sound investment process underpin T. Rowe Price California Tax-Free Bond's Morningstar Medalist Rating of Silver.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PRXCX

More PRXCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

UNIVERSITY CALIF REVS 5.5%

1.36 10.2 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 4%

1.16 8.7 Mil
municipal

UNIV CALIF REGTS MED CTR POOLED REV 3.5%

1.10 8.2 Mil
municipal

CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.5%

1.06 8.0 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75%

1.02 7.6 Mil
municipal

CHINO VY UNI SCH DIST CALIF 3.375%

0.92 6.9 Mil
municipal

UNIVERSITY CALIF REVS 3.05%

0.92 6.9 Mil
municipal

LOS ANGELES CNTY CALIF FACS INC LEASE REV 5%

0.91 6.8 Mil
municipal

UNIVERSITY CALIF REVS 3.05%

0.87 6.6 Mil
municipal

SAN DIEGO CALIF PUB FACS FING AUTH SWR REV 5%

0.83 6.2 Mil
municipal