- What does PRGMX invest in?
- The fund primarily allocates at least 80% of its total holdings to mortgage-backed securities that are guaranteed by the Government National Mortgage Association (GNMA), an entity supervised by the U.S. Department of Housing and Urban Development. A smaller portion, up to 20% of its assets, may be invested in other premium-grade securities that do not carry the direct guarantee of the U.S. government.
- What is the expense ratio of PRGMX?
- T. Rowe Price GNMA Fund (PRGMX) charges an expense ratio of 0.62%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is PRGMX?
- T. Rowe Price GNMA Fund (PRGMX) manages $1.22B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is PRGMX actively managed or an index fund?
- PRGMX is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PRGMX's is 0.62%) in exchange for the discretion to over- or under-weight positions.
- When was PRGMX launched?
- T. Rowe Price GNMA Fund (PRGMX) launched in November 1985 and is managed by T. Rowe Price.
- How has PRGMX performed?
- PRGMX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
