Morningstar

T. Rowe Price GNMA Fund I Class PRXAX

Morningstar Medalist Rating
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Medalist Rating as of See T. Rowe Price Investment Hub
  • NAV / 1-Day Return $7.92  /  +0.25 %
  • Fund Size $315.6M
  • Adjusted Expense Ratio 0.400%
  • Net Expense Ratio 0.400%
  • Fee Level: Distribution Below Average
  • Share Class Type Institutional
  • Morningstar Category Government Mortgage-Backed Bond
  • Fixed-Income Style Box (Funds) High/Moderate
  • Minimum Initial Investment $500,000
  • Investment Status Open
  • TTM Yield 4.18%
  • Average Effective Duration 5.79 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis PRXAX

Will PRXAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PRXAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PRXAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PRXAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

T. Rowe Price GNMA I holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings PRXAX

More PRXAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 22.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Government National Mortgage Association 5.5%

6.32 20M
Securitized

Government National Mortgage Association 2%

5.14 16M
Securitized

Government National Mortgage Association 2.5%

4.06 13M
Securitized

Government National Mortgage Association 5%

3.94 13M
Securitized

Government National Mortgage Association 2%

3.42 11M
Securitized

Government National Mortgage Association 2%

3.11 10M
Securitized

Government National Mortgage Association 2.5%

2.96 9M
Securitized

Government National Mortgage Association 2.5%

2.07 7M
Securitized

Government National Mortgage Association 3%

2.06 7M
Securitized

Government National Mortgage Association 5%

1.97 6M
Securitized

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