TSCXX Fees and Costs — T. Rowe Price Cash Reserves Fund
Data updated: 2026-01-13
The net expense ratio is 0.40%. There are no sales loads or redemption fees.
TSCXX Fees and Expenses
Annual operating expenses and sales charges of TSCXX. Prospectus, as of December 22, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.40% |
| Fee waiver | — |
| Net expense ratio | 0.40% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
TSCXX Costs Over Time
On $10,000 invested in TSCXX, assuming 5% a year before costs, total costs come to $253 over 5 years, cutting the return by 0.42% 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 0.40%) | $42 | $132 | $230 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $42 | $138 | $253 |
| Value after costs | $10,458 | $11,438 | $12,510 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
TSCXX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $316.6B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
TSCXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $87.2B | 31.18% |
| CREDIT AGRICOLE SA | $48.5B | 17.34% |
| BNP PARIBAS | $35.5B | 12.69% |
| RBC Capital Markets, LLC | $24.1B | 8.64% |
| Federal Reserve Bank of New York | $18.5B | 6.63% |
| J.P. MORGAN SECURITIES LLC | $15.6B | 5.58% |
| Svenska Handelsbanken AB | $14.2B | 5.07% |
| Citigroup Inc. | $14.1B | 5.06% |
| BARCLAYS CAPITAL INC. | $11.2B | 3.99% |
| CIBC WORLD MARKETS CORP. | $10.7B | 3.83% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.