T. Rowe Price QM U.S. Bond Index Fund

Frequently Asked Questions About PBDIX

What does PBDIX invest in?

This fund primarily seeks to replicate, or modestly surpass, the performance of the broader U.S. investment-grade bond universe. Typically, at least 80% of its net assets (which may include borrowed capital for investment) are dedicated to the fixed-income securities comprising its designated benchmark index. The portfolio commonly includes U.S. government and agency-issued debt, mortgage- and asset-backed securities, corporate bonds, and dollar-denominated securities from foreign entities.

What is the expense ratio of PBDIX?

T. Rowe Price QM U.S. Bond Index Fund (PBDIX) charges an expense ratio of 0.25%. This is the annual fee deducted from fund assets to cover management and operations.

What is PBDIX's dividend yield?

PBDIX's trailing-twelve-month yield is 4.44%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of PBDIX?

Effective duration measures PBDIX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PBDIX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of PBDIX?

PBDIX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of PBDIX?

Yield to maturity (YTM) is the total return you'd earn from PBDIX if every bond in the portfolio is held to maturity at the current price. PBDIX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.