T. Rowe Price California Municipal Bd I (TCFEX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

10.17

+0.09 (0.89%)

At close: Oct 15, 2026

Fund Assets	729.80M
Expense Ratio	0.427%
Min. Investment	$500,000
Turnover	23.90%
Dividend (ttm)	0.40
Dividend Yield	3.89%
Dividend Growth	5.05%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	10.08
YTD Return	-4.10%
1-Year Return	-3.21%
5-Year Return	-1.45%
52-Week Low	9.96
52-Week High	10.90
Beta (5Y)	0.05
Holdings	387
Inception Date	Jul 6, 2017

About TCFEX

T. Rowe Price California Tax-Free Bond Fund I Class is an institutional mutual fund focused on providing investors with a high level of income that is exempt from both federal and California state income taxes. Its primary strategy revolves around investing predominantly in investment-grade municipal bonds issued by entities within California, such as state agencies, municipalities, and public authorities. This approach aims to meet the needs of high-net-worth individuals and institutions seeking tax-advantaged income while maintaining prudent risk management. The fund is notable for its relatively low expense ratio of 0.44%, placing it in the lowest fee quintile within its peer group, which can be particularly advantageous for institutional investors. With a substantial asset base of over $793 million, the fund’s portfolio is diversified across various municipal issuers, including education, infrastructure, and healthcare sectors. The fund’s effective duration is approximately 7.2 years, which reflects moderate interest rate sensitivity. By emphasizing investment in California municipal bonds, T. Rowe Price California Tax-Free Bond Fund I Class serves as a practical solution for investors aiming to maximize tax-exempt income and support state and local community projects.

Fund Family T. Rowe Price

Category Muni California Long

Performance Rating High

Risk Rating Average

Stock Exchange Nasdaq

Ticker Symbol TCFEX

Share Class -i Class

Index Bloomberg Municipal Bond TR

Performance

TCFEX had a total return of -3.21% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.58%.

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03324	Sep 30, 2026
Aug 31, 2026	$0.0318	Aug 31, 2026
Jul 31, 2026	$0.0359	Jul 31, 2026
Jun 30, 2026	$0.03276	Jun 30, 2026
May 29, 2026	$0.03375	May 29, 2026
Apr 30, 2026	$0.03271	Apr 30, 2026

Full Dividend History