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    T. Rowe Price CA Tax-Free Bond (PRXCX)

    11.46 Down 0.01(0.09%) Jul 28

    Profile as of Jun 29, 2015Get Profile for:
    T. Rowe Price CA Tax-Free Bond
    T. Rowe Price CA Tax-free Income Tr100 East Pratt StreetBaltimore MD 21202
    Phone: 800-638-5660
    Fund Overview 
    Category:Muni California Long
    Fund Family:T. Rowe Price
    Net Assets:503.60M
    Year-to-Date Return:-0.03%
    Morningstar Rating:4 stars
    Fund Inception Date:Sep 15, 1986
    Morningstar Style Box 
    Muni California Long
    [View Category Definition]
    View Top Muni California Long Funds
    About the Morningstar Style Box
    Management Information 
    Konstantine B. Mallas
    Lead Manager since Mar 31, 2003
    Konstantine B. (Dino) Mallas has been chairman of the committee since 2003 and he is a vice president of T. Rowe Price Associates, Inc., and a portfolio manager in the Fixed Income Division. Mr. Mallas also heads the Investment Advisory Committees for four tax-free bond strategies.He joined the firm in 1987 as a broker in the Discount Brokerage Department and in 1991 transferred to the Municipal Department. He began his fixed-income responsibilities as a fixed-income specialist and later transitioned into trading intermediate- and long-term state and national portfolios. Mr. Mallas assumed portfolio management responsibilities in 1999. Mr. Mallas earned a B.S. from American University and an M.B.A. from Loyola College in Baltimore, Maryland.
    Investment Information 
    Min Initial Investment:2,500
    Min Initial Investment, IRA:1,000
    Min Initial Investment, AIP:2,500
    Min Subsequent Investment:100
    Min Subsequent Investment, IRA:100
    Min Subsequent Investment, AIP:100
    PRXCX can be purchased from 85 brokerages.

    Fund Summary 
    The investment seeks to provide, consistent with prudent portfolio management, the highest level of income exempt from federal and California state income taxes. The fund will invest so that, under normal market conditions, at least 80% of its net assets (including any borrowings for investment purposes) are invested in bonds that pay interest exempt from federal and California state income taxes, and at least 80% of the fund's income is expected to be exempt from federal and California state income taxes.

    Fund Operations 
    Last Dividend (Jun 29, 2015) : 0.03
    Last Cap Gain : 0.00
    Annual Holdings Turnover (Jul 26, 2015) : 5.80%
    Average for Category:19.62%
    Fees & Expenses 
    ExpensePRXCXCategory Avg
    Annual Report Expense Ratio (net):0.49%0.86%
    Prospectus Net Expense Ratio:0.49%N/A
    Prospectus Gross Expense Ratio:0.49%N/A
    Max 12b1 Fee:0.00%N/A
    Max Front End Sales Load:N/A3.98%
    Max Deferred Sales Load: N/A2.22%
    3 Yr Expense Projection*:157446
    5 Yr Expense Projection*:274660
    10 Yr Expense Projection*:6161,258
    * Per $10,000 invested