T. Rowe Price GNMA Fund

Frequently Asked Questions About PRGMX

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 $1.20B 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.