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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 10.53  /  0.48 %
  • Total Assets 676.6 Mil
  • Adj. Expense Ratio
    0.440%
  • Expense Ratio 0.530%
  • Distribution Fee Level Average
  • Share Class Type No Load
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 2.90%
  • Effective Duration 7.24 years

USD | NAV as of May 30, 2023 | 1-Day Return as of May 30, 2023, 10:29 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.

null Morningstar Manager Research

Morningstar Manager Research

Summary

An incline in its Process Pillar rating is the primary driver of T. Rowe Price California Tax-Free Bond's upgrade to a Morningstar Medalist Rating of Silver from Bronze. The portfolio maintains a cost advantage over competitors, priced within the second-lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PRXCX

More PRXCX Holdings
  • Current Portfolio Date Mar 31, 2023
  • Equity Holdings 0
  • Bond Holdings 378
  • Other Holdings 1
  • % Assets in Top 10 Holdings 10.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

UNIVERSITY CALIF REVS 5.5%

1.53
10,353,373
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 4%

1.30
8,800,279
municipal

CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.5%

1.15
7,746,824
municipal

UNIVERSITY CALIF REVS 2.1%

1.09
7,375,000
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75%

1.04
6,994,719
municipal

LOS ANGELES CNTY CALIF FACS INC LEASE REV 5%

1.03
6,929,169
municipal

SAN DIEGO CALIF PUB FACS FING AUTH SWR REV 5%

0.93
6,270,030
municipal

Cash & Cash Equivalents

0.90
6,058,546
Cash and Equivalents

CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5%

0.87
5,889,516
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 4%

0.86
5,814,454
municipal