Tax-Exempt Money Fund
The fund seeks preservation of capital, liquidity, and, consistent with these objectives, the highest current income exempt from federal income taxes.
You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund may impose a fee upon sale of your shares. An investment in the Fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. T. Rowe Price Associates, Inc. is not required to reimburse the Fund for losses, and you should not expect that T. Rowe Price Associates, Inc. will provide financial support to the Fund at any time, including during periods of market stress.
Morningstar (Category) 1
US Money Market - Tax-FreeFund Manager Tenure2
4yrsNAV Type
StableNet Assets3
(USD)
$663.25m
Data as of 08/31/2024
Price
(USD)
$1.0000
Daily Price Change
$0.0000Data as of 09/30/2024
Download Full Holdings
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Following is a link to the SEC website where the fund's Form N-MFP filings are available: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=s000002161&type=N-MFP&dateb=&count=20&scd=filings
Percentage of the fund's assets invested in securities that can be converted into cash within five business days. Actual liquidity may exceed 100% when there are unsettled security purchases as of the report date.
Percentage of the fund's assets invested in securities that can be converted into cash within five business days. Actual liquidity may exceed 100% when there are unsettled security purchases as of the report date.
Source for Morningstar data: © 2023 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Number of years managing the fund. In the case of co-portfolio management, the longer tenure is displayed.
Figure applies to all share classes.
Liquidity fees: Retail money market funds can charge liquidity fees of up to 2% of the value of shares redeemed if the fund’s board determines that doing so is in the best interests of the shareholders.
Net Asset Value (NAV): A mutual fund's price per share. A fund’s NAV is calculated by dividing the assets, less any liabilities, by the number of outstanding shares. Retail and government money market funds may calculate a fund’s NAV by valuing the securities in the fund’s portfolio at amortized cost.
Douglas “Doug” Spratley is head of the Cash Management team and a portfolio manager of the money market strategies in the Fixed Income Division. He is the president and chairman of the Investment Advisory Committees for the Reserve Investment, Tax-Exempt Money, and Cash Reserves Funds and the Government Money Portfolio; an executive vice president of the Fixed Income Series, U.S. Treasury, Institutional Income, and State Tax-Free Funds; a vice president of the Short-Term Bond Funds; and the Investment Advisory Committee chairman of the U.S. Treasury Money and Maryland Tax-Free Money Funds. He also is a member of the Investment Advisory Committee for the Ultra Short-Term Bond Fund. Doug is the head of the Money Market Policy Committee and a member of the Securities Lending Oversight Committee. He is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., and T. Rowe Price Trust Company.