Morningstar

T. Rowe Price California Tax-Free Bond Fund PRXCX

Morningstar Medalist Rating
Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 10.82  /  0.00
  • Total Assets 790.4M
  • Adj. Expense Ratio
    0.590%
  • Expense Ratio 0.590%
  • 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 3.44%
  • Effective Duration 8.34 years

USD | NAV as of Jul 11, 2026 | 1-Day Return as of Jul 11, 2026, 12:11 AM GMT+0

Morningstar’s Analysis PRXCX

Will PRXCX outperform in the 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 Automated Analysis

Morningstar Automated Analysis

Summary

T. Rowe Price California Tax-Free Bond holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PRXCX

More PRXCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA HEALTH FACS FING AUTH REV 5%

2.31 18M
municipal

UNIVERSITY CALIF REVS 5.5%

1.25 10M
municipal

Cash Offsets For Shorts & Derivatives

1.24 10M
Cash and Equivalents

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

1.23 10M
municipal

LOS ANGELES CALIF UNI SCH DIST 5%

1.15 9M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

1.10 9M
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 3%

1.10 9M
municipal

SACRAMENTO CALIF MET FIRE DIST 4%

0.98 8M
municipal

UNIV CALIF REGTS MED CTR POOLED REV 3.5%

0.97 8M
municipal

CALIFORNIA ST ENTERPRISE DEV AUTH LEASE REV 5.25%

0.95 7M
municipal

Sponsor Center