T. Rowe Price California Tax Free Bond Fund (PRXCX)
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 Info
US77954J1025
77954J102
Sep 14, 1986
$2,500
Expense Ratio
PRXCX has an expense ratio of 0.53%, placing it in the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
Loading data...
Returns By Period
T. Rowe Price California Tax Free Bond Fund (PRXCX) returned -2.81% year-to-date (YTD) and 0.64% over the past 12 months. Over the past 10 years, PRXCX returned 2.14% annually, underperforming the S&P 500 benchmark at 10.85%.
PRXCX
-2.81%
-0.95%
-4.13%
0.64%
1.74%
1.04%
2.14%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of PRXCX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -0.08% | 1.09% | -1.85% | -1.03% | -0.95% | -2.81% | |||||||
| 2024 | -0.20% | 0.16% | 0.09% | -0.93% | 0.20% | 1.85% | 0.74% | 0.66% | 1.07% | -1.18% | 1.66% | -1.35% | 2.75% |
| 2023 | 3.01% | -2.18% | 1.80% | 0.05% | -0.67% | 1.03% | 0.25% | -1.05% | -2.69% | -1.99% | 6.91% | 2.83% | 7.13% |
| 2022 | -2.50% | -0.59% | -2.92% | -3.11% | 1.06% | -2.27% | 2.98% | -2.07% | -3.99% | -1.23% | 5.45% | -0.11% | -9.28% |
| 2021 | 0.79% | -1.39% | 0.56% | 1.16% | 0.54% | 0.46% | 0.88% | -0.38% | -0.80% | -0.04% | 0.87% | 0.03% | 2.68% |
| 2020 | 1.61% | 1.31% | -4.59% | -2.30% | 2.93% | 1.54% | 1.72% | -0.38% | 0.14% | 0.07% | 1.67% | 0.84% | 4.40% |
| 2019 | 0.61% | 0.42% | 1.59% | 0.34% | 1.49% | 0.40% | 0.77% | 1.63% | -0.62% | 0.08% | 0.16% | 0.24% | 7.31% |
| 2018 | -1.05% | -0.35% | 0.44% | -0.45% | 1.24% | 0.08% | 0.16% | 0.28% | -0.74% | -0.71% | 0.82% | 1.08% | 0.75% |
| 2017 | 0.42% | 0.62% | 0.28% | 0.69% | 1.58% | -0.07% | 0.50% | 0.87% | -0.34% | 0.16% | -0.26% | 0.96% | 5.54% |
| 2016 | 1.19% | 0.03% | 0.62% | 0.88% | 0.43% | 1.87% | -0.24% | 0.26% | -0.47% | -1.27% | -4.26% | 1.18% | 0.08% |
| 2015 | 1.84% | -1.08% | 0.36% | -0.66% | -0.22% | -0.23% | 0.83% | 0.36% | 0.55% | 0.47% | 0.63% | 1.00% | 3.89% |
| 2014 | 2.46% | 1.23% | 0.50% | 1.31% | 1.55% | 0.13% | 0.22% | 1.44% | 0.56% | 0.66% | 0.10% | 0.74% | 11.44% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PRXCX is 15, meaning it’s performing worse than 85% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price California Tax Free Bond Fund (PRXCX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Loading data...
Dividends
Dividend History
T. Rowe Price California Tax Free Bond Fund provided a 3.12% dividend yield over the last twelve months, with an annual payout of $0.32 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.32 | $0.35 | $0.33 | $0.31 | $0.34 | $0.34 | $0.34 | $0.35 | $0.36 | $0.38 | $0.40 | $0.42 |
Dividend yield | 3.12% | 3.26% | 3.04% | 2.93% | 2.82% | 2.81% | 2.93% | 3.12% | 3.09% | 3.35% | 3.43% | 3.62% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price California Tax Free Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.12 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2023 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.04 | $0.31 |
| 2021 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 | $0.34 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.34 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.40 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.42 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading data...
Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price California Tax Free Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price California Tax Free Bond Fund was 19.48%, occurring on Oct 19, 1987. Recovery took 327 trading sessions.
The current T. Rowe Price California Tax Free Bond Fund drawdown is 4.47%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.48% | Mar 12, 1987 | 158 | Oct 19, 1987 | 327 | Jan 18, 1989 | 485 |
| -14.8% | Aug 6, 2021 | 308 | Oct 25, 2022 | 470 | Sep 10, 2024 | 778 |
| -12.06% | Jan 24, 2008 | 185 | Oct 16, 2008 | 147 | May 19, 2009 | 332 |
| -10.88% | Mar 10, 2020 | 9 | Mar 20, 2020 | 170 | Nov 19, 2020 | 179 |
| -10.54% | Feb 1, 1994 | 210 | Nov 21, 1994 | 96 | Apr 4, 1995 | 306 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading data...