PRNYX Fees and Costs — T. Rowe Price New York Tax-Free Bond Fund
Data updated: 2026-07-28
The net expense ratio is 0.53%: a 0.38% management fee plus 0.24% other expenses, less a 0.09% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 37%.
PRNYX Fees and Expenses
Annual operating expenses and sales charges of PRNYX. Prospectus, as of April 24, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | — |
| Other expenses | 0.24% |
| Gross expense ratio | 0.62% |
| Fee waiver | −0.09% |
| Net expense ratio | 0.53% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
PRNYX Costs Over Time
On $10,000 invested in PRNYX, assuming 5% a year before costs, total costs come to $335 over 5 years, cutting the return by 0.56% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.53%) | $56 | $174 | $304 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $56 | $183 | $335 |
| Value after costs | $10,444 | $11,393 | $12,428 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
PRNYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $597.6M
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
PRNYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $113.7M | 21.87% |
| BARCLAYS CAPITAL INC. | $88.5M | 17.03% |
| GOLDMAN SACHS & CO. LLC | $57.5M | 11.06% |
| WELLS FARGO SECURITIES, LLC | $56.0M | 10.77% |
| TD Securities Ltd. | $54.2M | 10.43% |
| MORGAN STANLEY & CO. LLC | $42.8M | 8.23% |
| BOFA SECURITIES, INC. | $37.4M | 7.19% |
| JEFFERIES LLC | $33.6M | 6.46% |
| RBC Capital Markets, LLC | $23.8M | 4.59% |
| PIPER SANDLER & CO. | $12.4M | 2.38% |
T. Rowe Price New York Tax-Free Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TRYIX | I Class | 0.43% | — |
| PRNYX | T. Rowe Price New York Tax-Free Bond Fund | 0.53% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.