PTEXX Fees and Costs — T. Rowe Price Tax-Exempt Money Fund, Inc.
Data updated: 2026-05-12
The net expense ratio is 0.45%: a 0.19% management fee plus 0.30% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees.
PTEXX Fees and Expenses
Annual operating expenses and sales charges of PTEXX. Prospectus, as of April 24, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.19% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.30% |
| Gross expense ratio | 0.49% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.45% |
| 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 |
PTEXX Costs Over Time
On $10,000 invested in PTEXX, assuming 5% a year before costs, total costs come to $285 over 5 years, cutting the return by 0.47% 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 0.45%) | $47 | $148 | $259 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $47 | $156 | $285 |
| Value after costs | $10,453 | $11,421 | $12,478 |
| Impact on return, per year | 0.47% | 0.47% | 0.47% |
PTEXX 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): $3.0B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
PTEXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $1.5B | 51.15% |
| BOFA SECURITIES, INC. | $371.4M | 12.93% |
| TD Securities Ltd. | $235.6M | 8.20% |
| WELLS FARGO SECURITIES, LLC | $165.6M | 5.76% |
| GOLDMAN SACHS & CO. LLC | $154.1M | 5.36% |
| RBC Capital Markets, LLC | $130.3M | 4.54% |
| MORGAN STANLEY & CO. LLC | $121.6M | 4.23% |
| BARCLAYS CAPITAL INC. | $117.6M | 4.09% |
| PNC Capital Markets LLC | $73.4M | 2.55% |
| Loop Capital Markets LLC | $33.8M | 1.18% |
T. Rowe Price Tax-Exempt Money Fund, Inc. Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TERXX | I Class | 0.24% | — |
| PTEXX | T. Rowe Price Tax-Exempt Money Fund, Inc. | 0.45% | — |
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.