TERXX: T. Rowe Price Tax-Exempt Money Fund - MutualFunds.com

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T. Rowe Price Tax-Exempt Money I

TERXX - Snapshot

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 0.9%
  • 5 Yr Annualized Return N/A
  • Net Assets $372 M
  • Holdings in Top 10 27.3%

52 WEEK LOW AND HIGH

$1.00
$1.00
$1.00

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.46%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification


Compare TERXX to Popular Tax-Free Money Market Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$1.00

0.00%

$17.15 B

0.00%

$0.00

0.00%

0.15%

$1.00

0.00%

$14.99 B

-

$0.01

0.15%

$1.00

0.00%

$13.21 B

0.00%

$0.00

0.00%

0.48%

$1.00

0.00%

$9.62 B

0.00%

$0.00

0.00%

0.64%

$1.00

0.00%

$5.95 B

0.00%

$0.00

0.00%

0.21%

TERXX - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.09%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    T. Rowe Price Tax-Exempt Money Fund
  • Fund Family Name
    T. Rowe Price
  • Inception Date
    Jul 06, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Joseph Lynagh

Fund Description

The fund is a retail money market fund managed in compliance with Rule 2a-7 under the Investment Company Act of 1940. Normally, at least 80% of the fund's income will be exempt from federal income taxes. The fund's weighted average maturity will not exceed 60 calendar days, the fund's weighted average life will not exceed 120 calendar days, and the fund will not purchase any security with a remaining maturity longer than 397 calendar days.


TERXX - Performance

Return Ranking - Trailing

Period TERXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 0.0% 93.53%
1 Yr 0.6% 0.0% 0.9% 50.50%
3 Yr 0.9%* 0.0% 1.5% 41.08%
5 Yr N/A* 0.0% 0.9% N/A
10 Yr N/A* 0.0% 0.5% N/A

* Annualized

Return Ranking - Calendar

Period TERXX Return Category Return Low Category Return High Rank in Category (%)
2019 0.0% 0.0% 0.0% 93.30%
2018 0.0% 0.0% 0.0% 90.51%
2017 N/A 0.0% 0.0% N/A
2016 N/A 0.0% 0.0% N/A
2015 N/A 0.0% 0.0% N/A

Total Return Ranking - Trailing

Period TERXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 0.0% 93.53%
1 Yr 0.6% -0.9% 0.9% 50.50%
3 Yr 0.9%* 0.0% 1.5% 41.08%
5 Yr N/A* 0.0% 0.9% N/A
10 Yr N/A* 0.0% 0.5% N/A

* Annualized

Total Return Ranking - Calendar

Period TERXX Return Category Return Low Category Return High Rank in Category (%)
2019 0.0% 0.0% 0.0% 93.30%
2018 0.0% 0.0% 0.0% 90.30%
2017 N/A 0.0% 0.0% N/A
2016 N/A 0.0% 0.0% N/A
2015 N/A 0.0% 0.0% N/A

NAV & Total Return History


TERXX - Holdings

Concentration Analysis

TERXX Category Low Category High TERXX % Rank
Net Assets 372 M 25.7 M 17.1 B 63.11%
Number of Holdings 113 1 991 54.85%
Net Assets in Top 10 103 M 16.9 M 15 B 67.48%
Weighting of Top 10 27.27% 9.7% 100.0% 61.65%

Top 10 Holdings

  1. CONNECTICUT ST HEALTH & EDL FACS AUTH REV 0.11% 3.52%
  2. DISTRICT COLUMBIA WTR & SWR AUTH PUB UTIL REV 0.11% 3.05%
  3. NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5% 2.85%
  4. JEA FLA ELEC SYS REV 0.13% 2.83%
  5. TEXAS TRANSN COMMN ST HWY FD REV 0.12% 2.65%
  6. ALASKA HSG FIN CORP HOME MTG REV 0.1% 2.63%
  7. WASHINGTON ST HEALTH CARE FACS AUTH REV 0.11% 2.61%
  8. NEW YORK ST MTG AGY HOMEOWNER MTG REV 0.1% 2.59%
  9. ILLINOIS FIN AUTH REV 0.08% 2.54%
  10. BROOKHAVEN GA DEV AUTH REV 0.11% 2.35%

Asset Allocation

Weighting Return Low Return High TERXX % Rank
Bonds
83.38% 0.00% 100.00% 58.74%
Cash
16.62% 0.00% 100.00% 36.41%
Stocks
0.00% 0.00% 0.00% 93.69%
Preferred Stocks
0.00% 0.00% 0.00% 93.69%
Other
0.00% 0.00% 15.48% 93.69%
Convertible Bonds
0.00% 0.00% 0.00% 93.69%

Bond Sector Breakdown

Weighting Return Low Return High TERXX % Rank
Municipal
83.38% 0.00% 100.00% 64.56%
Cash & Equivalents
16.62% 0.00% 100.00% 36.41%
Derivative
0.00% 0.00% 0.00% 93.69%
Securitized
0.00% 0.00% 0.00% 93.69%
Corporate
0.00% 0.00% 0.00% 93.69%
Government
0.00% 0.00% 32.00% 96.60%

Bond Geographic Breakdown

Weighting Return Low Return High TERXX % Rank
US
83.38% 0.00% 100.00% 58.74%
Non US
0.00% 0.00% 1.49% 93.69%

TERXX - Expenses

Operational Fees

TERXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.46% 0.15% 1.67% 61.88%
Management Fee 0.39% 0.08% 0.50% 93.20%
12b-1 Fee N/A 0.00% 0.75% N/A
Administrative Fee N/A 0.03% 0.50% N/A

Sales Fees

TERXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

TERXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TERXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 16.00% N/A

TERXX - Distributions

Dividend Yield Analysis

TERXX Category Low Category High TERXX % Rank
Dividend Yield 0.00% 0.00% 0.56% 93.69%

Dividend Distribution Analysis

TERXX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

TERXX Category Low Category High TERXX % Rank
Net Income Ratio 1.09% 0.01% 2.15% 55.45%

Capital Gain Distribution Analysis

TERXX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

TERXX - Fund Manager Analysis

Managers

Joseph Lynagh


Start Date

Tenure

Tenure Rank

Dec 31, 2000

19.76

19.8%

Joseph Lynagh is a portfolio manager in the Fixed Income Division at T. Rowe Price and head of the Cash Management team. Mr. Lynagh manages the firm's taxable and municipal money market portfolios, the ultra short bond portfolio, and other cash investments. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc. Mr. Lynagh joined T. Rowe Price in 1990 and has worked in Fixed Income since 1994. Mr. Lynagh earned a B.S. and an M.S.F. from Loyola University Maryland. He also has earned the Chartered Financial Analyst designation.

Douglas Spratley


Start Date

Tenure

Tenure Rank

Mar 01, 2020

0.58

0.6%

Douglas D. Spratley joined T. Rowe Price in 2008 and became cochairman in 2020. His investment experience dates from 1996. Previously, he was an investment analyst for the Prudential Capital Group. Spratley joined Prudential in 1992. Spratley holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.58 32.45 13.46 13.6