Returns Chart

Key Stats

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Expense Ratio Total Assets Under Management Dividend Yield Turnover Ratio
0.43% 657.01M 2.99% 8.30%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized All Time Total Returns (Daily) Max Drawdown (All)
12.71M -11.09% Upgrade Upgrade

Basic Info

Investment Strategy
The investment seeks to provide, consistent with prudent portfolio management, the highest level of income exempt from federal and California state income taxes by investing primarily in investment-grade California municipal bonds. 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.
General
Security Type Mutual Fund
Oldest Share Symbol PRXCX
Equity Style --
Fixed Income Style --
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni California Long
Category Index Bloomberg Municipal California Exempt TR
Prospectus Objective Municipal Bond - Single State
Fund Owner Firm Name T. Rowe Price
Prospectus Benchmark Index
Bloomberg Municipal TR USD 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
Austin Applegate 2.67 yrs

Net Fund Flows Versus Category

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 10
12.71M
-1.421B Category Low
158.80M Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of September 30, 2022

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
--
--
--
--
--
% Rank in Cat (NAV)
--
--
--
--
--
--
--
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As of October 04, 2022. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2015
2016
2017
2018
2019
2020
2021
YTD
3.86%
0.06%
5.58%
0.76%
7.41%
4.50%
2.87%
-11.84%
3.30%
0.25%
5.45%
1.28%
7.54%
5.21%
1.52%
-11.42%
4.56%
1.00%
6.25%
0.98%
8.56%
3.99%
2.98%
-14.07%
3.90%
0.15%
6.07%
0.58%
8.09%
5.38%
2.16%
-16.40%
6.04%
-0.62%
11.25%
-0.35%
11.81%
5.96%
5.39%
-23.64%
3.38%
-0.13%
6.17%
0.93%
7.58%
4.70%
2.32%
-11.75%
As of October 04, 2022.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-4-22) 2.99%
30-Day SEC Yield (9-26-22) Upgrade
7-Day SEC Yield (9-27-22) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 4.72%
Yield to Maturity --
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of June 30, 2022

Asset Allocation

As of June 30, 2022.
Type % Net % Long % Short
Cash 0.28% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 99.72% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
UNIVERSITY CALIF REVS 5.5%
1.73% -- --
CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.5%
1.31% -- --
PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75%
1.23% -- --
LOS ANGELES CNTY CALIF FACS INC LEASE REV 5%
1.16% -- --
CALIFORNIA ST 5%
1.13% -- --
SAN DIEGO CALIF PUB FACS FING AUTH SWR REV 5%
1.05% -- --
CALIFORNIA ST 5%
1.02% -- --
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4%
1.01% -- --
CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5%
0.99% -- --
CALIFORNIA MUN FIN AUTH REV 5%
0.93% -- --

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee Upgrade
Administration Fee --
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment Upgrade
Minimum Subsequent Investment Upgrade

Basic Info

Investment Strategy
The investment seeks to provide, consistent with prudent portfolio management, the highest level of income exempt from federal and California state income taxes by investing primarily in investment-grade California municipal bonds. 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.
General
Security Type Mutual Fund
Oldest Share Symbol PRXCX
Equity Style --
Fixed Income Style --
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni California Long
Category Index Bloomberg Municipal California Exempt TR
Prospectus Objective Municipal Bond - Single State
Fund Owner Firm Name T. Rowe Price
Prospectus Benchmark Index
Bloomberg Municipal TR USD 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
Austin Applegate 2.67 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-4-22) 2.99%
30-Day SEC Yield (9-26-22) Upgrade
7-Day SEC Yield (9-27-22) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 4.72%
Yield to Maturity --
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of June 30, 2022

Fund Details

Key Dates
Inception Date 7/6/2017
Last Annual Report Date 2/28/2022
Last Prospectus Date 7/1/2022
Share Classes
PRXCX No Load
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No

Top Portfolio Holders

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