TCFEX — T. Rowe Price California Tax-Free Bond Fund
Data updated: 2026-07-28
TCFEX — T. Rowe Price California Tax-Free Bond Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $782.40M AUM · 0.43% expense ratio · 7.5% 1-yr return. From SEC regulatory filings.
TCFEX Fund Overview
TCFEX — T. Rowe Price California Tax-Free Bond Fund is a US mutual fund managed by T. Rowe Price State Tax-Free Funds, Inc., categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: T. Rowe Price State Tax-Free Funds, Inc.
- Category: Long Municipal - National Bond
- Assets under management: $782.40M
- 1-year return: 7.5%
- Ticker: TCFEX
- SEC CIK: 0000795384
- SEC series ID: S000059424
- Share class ID: C000194850
TCFEX Holdings
Top 10 holdings of T. Rowe Price California Tax-Free Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Ca Hlth Facs Kaiser Permanente Subser A2 | 2.31% |
| Univ Of Cali Ca St Rev Ser O | 1.25% |
| Ca Cmty Choice Auth Clean Engy Pj Sr H | 1.23% |
| La Ca Unif Sch Dist Elctn Of 2024-Sr A-1 | 1.15% |
| Ca St Hlth Facs Cedars Sinai Ser A | 1.11% |
| Ca Cmty Choice Auth Clean Engy Pj | 1.11% |
| Sacramento Met Fire-A | 0.99% |
| Univ Of Ca Regents Med Cntr Rev Ser P | 0.97% |
| Ca St Entp Dev Auth Lease Rev Sr A | 0.95% |
| Pr Sales Tax Fing Sales Tax Rev Ser A1 | 0.94% |
TCFEX Portfolio Allocation
Asset-class allocation of T. Rowe Price California Tax-Free Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 99.7% |
| Securitized | 0.5% |
TCFEX Performance
Total returns for TCFEX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.9% |
| 1 year | 7.5% |
| 3 years (annualised) | 4.3% |
| 5 years (annualised) | 1.2% |
TCFEX Risk Information
Risk metrics for TCFEX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.5%
TCFEX Costs and Fees
TCFEX costs about $43 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.43%
- Gross expense ratio: 0.44%
- Portfolio turnover: 24%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
TCFEX Cashflows
Over the 12 months to 2026-02, T. Rowe Price California Tax-Free Bond Fund had net outflows of $6.77M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | $3.58M |
| 2026-01 | −$31.20K |
| 2025-12 | $2.32M |
| 2025-11 | $3.46M |
| 2025-10 | $3.69M |
| 2025-09 | −$604.04K |
TCFEX Debt Constituents
Largest debt holdings of T. Rowe Price California Tax-Free Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Ca Hlth Facs Kaiser Permanente Subser A2 | 2.31% |
| Univ Of Cali Ca St Rev Ser O | 1.25% |
| Ca Cmty Choice Auth Clean Engy Pj Sr H | 1.23% |
| La Ca Unif Sch Dist Elctn Of 2024-Sr A-1 | 1.15% |
| Ca St Hlth Facs Cedars Sinai Ser A | 1.11% |
| Ca Cmty Choice Auth Clean Engy Pj | 1.11% |
| Sacramento Met Fire-A | 0.99% |
| Univ Of Ca Regents Med Cntr Rev Ser P | 0.97% |
| Ca St Entp Dev Auth Lease Rev Sr A | 0.95% |
| Pr Sales Tax Fing Sales Tax Rev Ser A1 | 0.94% |
TCFEX Prospectus and SEC Filings
Official T. Rowe Price California Tax-Free Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.