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Morningstar

T. Rowe Price California Tax-Free Bond I TCFEX

Morningstar Medalist Rating
Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 10.70  /  +0.01 %
  • Total Assets 736.0 Mil
  • Adj. Expense Ratio
    0.440%
  • Expense Ratio 0.440%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 500,000
  • Status Open
  • TTM Yield 3.23%
  • Effective Duration 7.14 years

USD | NAV as of Apr 17, 2024 | 1-Day Return as of Apr 17, 2024, 10:22 PM GMT+0

Morningstar’s Analysis TCFEX

Will TCFEX 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 TCFEX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the TCFEX 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 TCFEX’s parent organization’s priorities and whether they’re in line with investors’ interests.

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings TCFEX

More TCFEX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

UNIVERSITY CALIF REVS 5.5%

1.39 10.3 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 4%

1.20 8.9 Mil
municipal

UNIV CALIF REGTS MED CTR POOLED REV 3.5%

1.16 8.6 Mil
municipal

Cash & Cash Equivalents

1.09 8.1 Mil
Cash and Equivalents

CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.5%

1.07 7.9 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%

0.97 7.2 Mil
municipal

UNIV CALIF REGTS MED CTR POOLED REV 0.4%

0.95 7.0 Mil
municipal

LOS ANGELES CNTY CALIF FACS INC LEASE REV 5%

0.93 6.9 Mil
municipal

UNIVERSITY CALIF REVS 0.35%

0.88 6.6 Mil
municipal