T. Rowe Price U.S. Treasury Long-Term Index Fund

Frequently Asked Questions About PRULX

What does PRULX invest in?

The fund seeks to provide a total return that matches or incrementally exceeds the performance of the long-term U.S. Treasury bond market by providing total returns that match or incrementally exceed the total returns of the Bloomberg U.S. Long Treasury Bond Index (Index). It will invest at least 80% of its net assets in securities that are held in the index and at least 80% of its net assets (plus any borrowings for investment purposes) in U.S. treasury securities, which are backed by the full faith and credit of the U.S. government.

What is the expense ratio of PRULX?

T. Rowe Price U.S. Treasury Long-Term Index Fund (PRULX) charges an expense ratio of 0.29%. This is the annual fee deducted from fund assets to cover management and operations.

What is PRULX's dividend yield?

PRULX's trailing-twelve-month yield is 4.61%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of PRULX?

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

What is the credit quality of PRULX?

PRULX'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 PRULX?

Yield to maturity (YTM) is the total return you'd earn from PRULX if every bond in the portfolio is held to maturity at the current price. PRULX'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.