T. Rowe Price Inflation Protected Bond Fund, Inc.
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-1.9%
1 yr return
-5.8%
3 Yr Avg Return
-4.0%
5 Yr Avg Return
0.7%
Net Assets
$432 M
Holdings in Top 10
86.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.62%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 155.10%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PRIPX - Profile
Distributions
- YTD Total Return -1.9%
- 3 Yr Annualized Total Return -4.0%
- 5 Yr Annualized Total Return 0.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.86%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameT. Rowe Price Inflation Protected Bond Fund, Inc.
-
Fund Family NameTROWEPRICE
-
Inception DateOct 31, 2002
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Sewell
Fund Description
Normally, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in inflation protected bonds. The emphasis will be on bonds issued by the U.S. Treasury (e.g., Treasury Inflation Protected Securities), but similar bonds issued by U.S. government agencies and corporations may also be purchased. Up to 20% of the fund’s investments in inflation protected bonds may be issued by foreign governments or corporations, including governments and corporations in emerging markets, and linked to a
non-U.S. inflation rate. The fund may also invest up to 20% of its net assets in fixed income securities that are not indexed to inflation. All of the non-U.S. Treasury securities purchased by the fund will be rated investment grade (BBB or better, or an equivalent rating) by at least one major credit rating agency or, if unrated, deemed by the adviser to be of comparable quality. The fund may continue to hold a security that has been downgraded after purchase. The fund may purchase securities of any maturity and its weighted average maturity will vary with market conditions.
Treasury Inflation Protected Securities, known as TIPS, are instruments issued by the U.S. Treasury that are structured to provide protection against inflation, which measures a sustained increase in the prices of goods and services in an economy that can erode the purchasing power of a currency over time. Interest and principal payments of TIPS are periodically adjusted in step with changes in the inflation rate. These inflation adjustments for TIPS are applied based on changes in the Consumer Price Index (CPI), while inflation adjustments for other types of inflation-linked securities may be based on a different inflation index. Inflation-linked securities tend to react to changes in real interest rates, which represent nominal (stated) interest rates reduced by the expected impact of inflation. For example, if a 3-year Treasury bond is yielding 5% and inflation expectations for the next 3 years are 2%, the real interest rate is 3%.
In selecting securities the portfolio manager may consider implied inflation rates (the difference in yield between conventional fixed-rate Treasury bonds and TIPS of comparable maturity). For instance, if the implied inflation rate appears high relative to actual or anticipated inflation, the portfolio manager may sell TIPS in favor of conventional fixed-rate Treasuries. Depending on the outlook for both inflation and economic growth, the portfolio manager may also purchase and sell TIPS and other securities to change the fund’s duration, which measures its overall sensitivity to interest rate changes.
The fund may use a variety of derivatives, such as futures, options, foreign exchange currency contracts (forwards), and swaps for a number of purposes, such as for exposure or hedging. Specifically, the fund uses interest rate futures and interest rate future options, forwards, credit default swaps, and CPI swaps or other inflation swaps. Interest rate derivatives would typically be used to manage the fund’s exposure to interest rate changes or to adjust portfolio duration. Forwards would typically be used to protect any non-U.S. dollar denominated holdings from adverse currency movements, to increase or decrease exposure to a particular foreign currency, or to enhance the fund’s returns by gaining exposure to certain currencies expected to increase or decrease in value relative to other currencies. Credit default swaps would typically be used to protect the value of certain portfolio holdings or to manage the fund’s overall exposure to changes in credit quality. CPI swaps, which are derivatives pegged directly to the rate of inflation, would typically be used to manage the fund’s inflation risk or maintain efficient exposure to TIPS and other inflation-linked securities.
PRIPX - Performance
Return Ranking - Trailing
Period | PRIPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.9% | -10.4% | 3.5% | 50.96% |
1 Yr | -5.8% | -16.0% | 5.0% | 96.62% |
3 Yr | -4.0%* | -14.1% | 6.1% | 96.04% |
5 Yr | 0.7%* | -6.4% | 5.0% | 93.33% |
10 Yr | 1.0%* | -2.2% | 2.7% | 77.94% |
* Annualized
Return Ranking - Calendar
Period | PRIPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -2.4% | -8.7% | 5.1% | 94.66% |
2022 | -18.8% | -52.3% | -4.0% | 89.16% |
2021 | 0.0% | -7.9% | 7.7% | 70.85% |
2020 | 8.9% | -29.4% | 23.0% | 41.33% |
2019 | 6.2% | 0.8% | 16.7% | 25.64% |
Total Return Ranking - Trailing
Period | PRIPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.9% | -10.4% | 3.5% | 50.96% |
1 Yr | -5.8% | -16.0% | 5.0% | 96.62% |
3 Yr | -4.0%* | -14.1% | 6.1% | 96.04% |
5 Yr | 0.7%* | -6.4% | 5.0% | 93.33% |
10 Yr | 1.0%* | -2.2% | 2.7% | 77.94% |
* Annualized
Total Return Ranking - Calendar
Period | PRIPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -1.8% | -5.2% | 9.5% | 98.06% |
2022 | -13.2% | -40.1% | 9.2% | 90.64% |
2021 | 5.4% | -2.7% | 37.6% | 49.25% |
2020 | 11.1% | -0.5% | 27.5% | 23.98% |
2019 | 8.7% | 2.8% | 19.3% | 14.36% |
NAV & Total Return History
PRIPX - Holdings
Concentration Analysis
PRIPX | Category Low | Category High | PRIPX % Rank | |
---|---|---|---|---|
Net Assets | 432 M | 968 K | 51.8 B | 62.50% |
Number of Holdings | 50 | 2 | 1550 | 70.67% |
Net Assets in Top 10 | 362 M | 949 K | 25 B | 55.29% |
Weighting of Top 10 | 86.58% | 9.2% | 103.8% | 12.56% |
Top 10 Holdings
- UNITED STATES TREASURY INFLATION INDEXED BONDS 15.12%
- UNITED STATES TREASURY INFLATION INDEXED BONDS 14.16%
- UNITED STATES TREASURY INFLATION INDEXED BONDS 12.57%
- UNITED STATES TREASURY INFLATION INDEXED BONDS 11.43%
- UNITED STATES TREASURY INFLATION INDEXED BONDS 7.87%
- UNITED STATES TREASURY INFLATION INDEXED BONDS 7.13%
- UNITED STATES TREASURY INFLATION INDEXED BONDS 5.54%
- UNITED STATES TREASURY INFLATION INDEXED BONDS - WHEN ISSUED 5.28%
- UNITED STATES TREASURY INFLATION INDEXED BONDS 3.94%
- UNITED STATES TREASURY INFLATION INDEXED BONDS 3.55%
Asset Allocation
Weighting | Return Low | Return High | PRIPX % Rank | |
---|---|---|---|---|
Bonds | 104.00% | 0.00% | 200.47% | 10.10% |
Cash | 0.94% | -42.00% | 30.48% | 50.96% |
Stocks | 0.00% | 0.00% | 100.07% | 32.21% |
Preferred Stocks | 0.00% | 0.00% | 0.08% | 31.25% |
Convertible Bonds | 0.00% | 0.00% | 3.96% | 53.85% |
Other | -0.06% | -51.42% | 61.84% | 92.31% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PRIPX % Rank | |
---|---|---|---|---|
Government | 81.73% | 6.70% | 112.97% | 67.31% |
Securitized | 3.00% | 0.00% | 58.03% | 47.12% |
Cash & Equivalents | 0.94% | 0.00% | 20.89% | 47.60% |
Municipal | 0.30% | 0.00% | 1.28% | 16.83% |
Corporate | 0.03% | 0.00% | 50.64% | 68.27% |
Derivative | -0.06% | -26.13% | 19.50% | 87.02% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PRIPX % Rank | |
---|---|---|---|---|
US | 104.00% | 0.00% | 172.85% | 5.29% |
Non US | 0.00% | 0.00% | 54.30% | 60.10% |
PRIPX - Expenses
Operational Fees
PRIPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.62% | 0.03% | 2.35% | 51.94% |
Management Fee | 0.34% | 0.00% | 0.99% | 58.65% |
12b-1 Fee | N/A | 0.00% | 1.00% | 27.10% |
Administrative Fee | 0.15% | 0.01% | 0.40% | 68.42% |
Sales Fees
PRIPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 4.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
PRIPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
PRIPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 155.10% | 0.00% | 246.00% | 93.97% |
PRIPX - Distributions
Dividend Yield Analysis
PRIPX | Category Low | Category High | PRIPX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 14.35% | 2.40% |
Dividend Distribution Analysis
PRIPX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Monthly | Monthly |
Net Income Ratio Analysis
PRIPX | Category Low | Category High | PRIPX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.86% | -0.06% | 6.71% | 87.80% |
Capital Gain Distribution Analysis
PRIPX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.012 | OrdinaryDividend |
Feb 29, 2024 | $0.012 | DailyAccrualFund |
Jan 31, 2024 | $0.014 | DailyAccrualFund |
Dec 29, 2023 | $0.013 | DailyAccrualFund |
Nov 30, 2023 | $0.505 | DailyAccrualFund |
Oct 31, 2023 | $0.004 | DailyAccrualFund |
Sep 29, 2023 | $0.000 | DailyAccrualFund |
Nov 30, 2022 | $0.785 | DailyAccrualFund |
Dec 31, 2021 | $0.505 | DailyAccrualFund |
Aug 31, 2020 | $0.000 | DailyAccrualFund |
Jul 31, 2020 | $0.001 | DailyAccrualFund |
Jun 30, 2020 | $0.002 | DailyAccrualFund |
May 29, 2020 | $0.003 | DailyAccrualFund |
Apr 30, 2020 | $0.005 | DailyAccrualFund |
Mar 31, 2020 | $0.006 | DailyAccrualFund |
Feb 28, 2020 | $0.005 | DailyAccrualFund |
Jan 31, 2020 | $0.007 | DailyAccrualFund |
Dec 31, 2019 | $0.007 | DailyAccrualFund |
Nov 29, 2019 | $0.008 | DailyAccrualFund |
Oct 31, 2019 | $0.008 | DailyAccrualFund |
Sep 30, 2019 | $0.008 | DailyAccrualFund |
Aug 30, 2019 | $0.009 | DailyAccrualFund |
Jul 31, 2019 | $0.008 | DailyAccrualFund |
May 31, 2019 | $0.009 | DailyAccrualFund |
Apr 30, 2019 | $0.008 | DailyAccrualFund |
Mar 29, 2019 | $0.009 | DailyAccrualFund |
Feb 28, 2019 | $0.008 | DailyAccrualFund |
Jan 31, 2019 | $0.008 | DailyAccrualFund |
Dec 31, 2018 | $0.008 | DailyAccrualFund |
Nov 30, 2018 | $0.008 | DailyAccrualFund |
Oct 31, 2018 | $0.007 | DailyAccrualFund |
Aug 31, 2018 | $0.005 | DailyAccrualFund |
Jul 31, 2018 | $0.004 | DailyAccrualFund |
Jun 29, 2018 | $0.003 | DailyAccrualFund |
May 31, 2018 | $0.003 | DailyAccrualFund |
Apr 30, 2018 | $0.002 | DailyAccrualFund |
Mar 29, 2018 | $0.003 | DailyAccrualFund |
Feb 28, 2018 | $0.002 | DailyAccrualFund |
Jan 31, 2018 | $0.002 | DailyAccrualFund |
Dec 29, 2017 | $0.002 | DailyAccrualFund |
Apr 29, 2016 | $0.000 | DailyAccrualFund |
Mar 31, 2016 | $0.001 | DailyAccrualFund |
Feb 29, 2016 | $0.002 | DailyAccrualFund |
Jan 29, 2016 | $0.002 | DailyAccrualFund |
Dec 31, 2015 | $0.003 | DailyAccrualFund |
Nov 30, 2015 | $0.002 | DailyAccrualFund |
Oct 30, 2015 | $0.002 | DailyAccrualFund |
Sep 30, 2015 | $0.001 | DailyAccrualFund |
Aug 29, 2014 | $0.001 | DailyAccrualFund |
Jul 31, 2014 | $0.001 | DailyAccrualFund |
Jun 30, 2014 | $0.003 | DailyAccrualFund |
May 30, 2014 | $0.006 | DailyAccrualFund |
Apr 30, 2014 | $0.007 | DailyAccrualFund |
Mar 31, 2014 | $0.007 | DailyAccrualFund |
Feb 28, 2014 | $0.007 | DailyAccrualFund |
Jan 31, 2014 | $0.008 | DailyAccrualFund |
Dec 31, 2013 | $0.008 | DailyAccrualFund |
Nov 29, 2013 | $0.008 | DailyAccrualFund |
Oct 31, 2013 | $0.008 | DailyAccrualFund |
Sep 30, 2013 | $0.007 | DailyAccrualFund |
Aug 30, 2013 | $0.008 | DailyAccrualFund |
Jul 31, 2013 | $0.007 | DailyAccrualFund |
Jun 28, 2013 | $0.006 | DailyAccrualFund |
May 31, 2013 | $0.006 | DailyAccrualFund |
Apr 30, 2013 | $0.006 | DailyAccrualFund |
Mar 28, 2013 | $0.006 | DailyAccrualFund |
Feb 28, 2013 | $0.005 | DailyAccrualFund |
Jan 31, 2013 | $0.005 | DailyAccrualFund |
Dec 31, 2012 | $0.005 | DailyAccrualFund |
Nov 30, 2012 | $0.006 | DailyAccrualFund |
Oct 31, 2012 | $0.006 | DailyAccrualFund |
Sep 28, 2012 | $0.005 | DailyAccrualFund |
Aug 31, 2012 | $0.006 | DailyAccrualFund |
Jul 31, 2012 | $0.006 | DailyAccrualFund |
Jun 29, 2012 | $0.007 | DailyAccrualFund |
May 31, 2012 | $0.007 | DailyAccrualFund |
Apr 30, 2012 | $0.007 | DailyAccrualFund |
Mar 30, 2012 | $0.008 | DailyAccrualFund |
Feb 29, 2012 | $0.007 | DailyAccrualFund |
Jan 31, 2012 | $0.007 | DailyAccrualFund |
Dec 31, 2011 | $0.009 | DailyAccrualFund |
Nov 30, 2011 | $0.009 | DailyAccrualFund |
Oct 31, 2011 | $0.009 | DailyAccrualFund |
Sep 30, 2011 | $0.009 | DailyAccrualFund |
Aug 31, 2011 | $0.010 | DailyAccrualFund |
Jul 29, 2011 | $0.011 | DailyAccrualFund |
Jun 30, 2011 | $0.011 | DailyAccrualFund |
May 31, 2011 | $0.011 | DailyAccrualFund |
Apr 29, 2011 | $0.012 | DailyAccrualFund |
Mar 31, 2011 | $0.012 | DailyAccrualFund |
Feb 28, 2011 | $0.011 | DailyAccrualFund |
Jan 31, 2011 | $0.011 | DailyAccrualFund |
Dec 31, 2010 | $0.013 | DailyAccrualFund |
Nov 30, 2010 | $0.011 | DailyAccrualFund |
Oct 29, 2010 | $0.012 | DailyAccrualFund |
Sep 30, 2010 | $0.011 | DailyAccrualFund |
Aug 31, 2010 | $0.012 | DailyAccrualFund |
Jul 30, 2010 | $0.013 | DailyAccrualFund |
Jun 30, 2010 | $0.012 | DailyAccrualFund |
May 28, 2010 | $0.012 | DailyAccrualFund |
Apr 30, 2010 | $0.013 | DailyAccrualFund |
Mar 31, 2010 | $0.013 | DailyAccrualFund |
Feb 26, 2010 | $0.011 | DailyAccrualFund |
Jan 29, 2010 | $0.011 | DailyAccrualFund |
Dec 31, 2009 | $0.014 | DailyAccrualFund |
Nov 30, 2009 | $0.012 | DailyAccrualFund |
Oct 30, 2009 | $0.013 | DailyAccrualFund |
Sep 30, 2009 | $0.013 | DailyAccrualFund |
Aug 31, 2009 | $0.013 | DailyAccrualFund |
Jul 31, 2009 | $0.014 | DailyAccrualFund |
Jun 30, 2009 | $0.013 | DailyAccrualFund |
May 29, 2009 | $0.013 | DailyAccrualFund |
Apr 30, 2009 | $0.013 | DailyAccrualFund |
Mar 31, 2009 | $0.013 | DailyAccrualFund |
Feb 27, 2009 | $0.012 | DailyAccrualFund |
Jan 30, 2009 | $0.013 | DailyAccrualFund |
Dec 31, 2008 | $0.013 | DailyAccrualFund |
Nov 28, 2008 | $0.013 | DailyAccrualFund |
Oct 31, 2008 | $0.014 | DailyAccrualFund |
Sep 30, 2008 | $0.012 | DailyAccrualFund |
Aug 29, 2008 | $0.013 | DailyAccrualFund |
Jul 31, 2008 | $0.012 | DailyAccrualFund |
Jun 30, 2008 | $0.012 | DailyAccrualFund |
May 30, 2008 | $0.013 | DailyAccrualFund |
Apr 30, 2008 | $0.011 | DailyAccrualFund |
Mar 31, 2008 | $0.010 | DailyAccrualFund |
Feb 29, 2008 | $0.012 | DailyAccrualFund |
Jan 31, 2008 | $0.013 | DailyAccrualFund |
Dec 31, 2007 | $0.013 | DailyAccrualFund |
Nov 30, 2007 | $0.017 | DailyAccrualFund |
Oct 31, 2007 | $0.016 | DailyAccrualFund |
Sep 28, 2007 | $0.013 | DailyAccrualFund |
Aug 31, 2007 | $0.016 | DailyAccrualFund |
Jul 31, 2007 | $0.015 | DailyAccrualFund |
Jun 29, 2007 | $0.015 | DailyAccrualFund |
May 31, 2007 | $0.015 | DailyAccrualFund |
Apr 30, 2007 | $0.013 | DailyAccrualFund |
Mar 30, 2007 | $0.014 | DailyAccrualFund |
Feb 28, 2007 | $0.012 | DailyAccrualFund |
Jan 31, 2007 | $0.012 | DailyAccrualFund |
Dec 29, 2006 | $0.013 | DailyAccrualFund |
Oct 31, 2006 | $0.013 | DailyAccrualFund |
Sep 29, 2006 | $0.013 | DailyAccrualFund |
Aug 31, 2006 | $0.013 | DailyAccrualFund |
Jul 31, 2006 | $0.013 | DailyAccrualFund |
Jun 30, 2006 | $0.014 | DailyAccrualFund |
May 31, 2006 | $0.013 | DailyAccrualFund |
Apr 28, 2006 | $0.012 | DailyAccrualFund |
Mar 31, 2006 | $0.014 | DailyAccrualFund |
Feb 28, 2006 | $0.011 | DailyAccrualFund |
Jan 31, 2006 | $0.010 | DailyAccrualFund |
Nov 30, 2005 | $0.013 | DailyAccrualFund |
Oct 31, 2005 | $0.012 | DailyAccrualFund |
Sep 30, 2005 | $0.012 | DailyAccrualFund |
Aug 31, 2005 | $0.012 | DailyAccrualFund |
Jul 29, 2005 | $0.012 | DailyAccrualFund |
Jun 30, 2005 | $0.012 | DailyAccrualFund |
May 31, 2005 | $0.012 | DailyAccrualFund |
Apr 29, 2005 | $0.012 | DailyAccrualFund |
Mar 31, 2005 | $0.012 | DailyAccrualFund |
Feb 28, 2005 | $0.011 | DailyAccrualFund |
Jan 31, 2005 | $0.011 | DailyAccrualFund |
Dec 31, 2004 | $0.013 | DailyAccrualFund |
Nov 30, 2004 | $0.012 | DailyAccrualFund |
Oct 29, 2004 | $0.013 | DailyAccrualFund |
Sep 30, 2004 | $0.012 | DailyAccrualFund |
Aug 31, 2004 | $0.013 | DailyAccrualFund |
Jul 30, 2004 | $0.014 | DailyAccrualFund |
Jun 30, 2004 | $0.013 | DailyAccrualFund |
May 28, 2004 | $0.012 | DailyAccrualFund |
Apr 30, 2004 | $0.014 | DailyAccrualFund |
Mar 31, 2004 | $0.013 | DailyAccrualFund |
Feb 27, 2004 | $0.012 | DailyAccrualFund |
Jan 30, 2004 | $0.013 | DailyAccrualFund |
Dec 31, 2003 | $0.014 | DailyAccrualFund |
Nov 28, 2003 | $0.013 | DailyAccrualFund |
Oct 31, 2003 | $0.015 | DailyAccrualFund |
Sep 30, 2003 | $0.013 | DailyAccrualFund |
Aug 29, 2003 | $0.014 | DailyAccrualFund |
Jul 31, 2003 | $0.013 | DailyAccrualFund |
Jun 30, 2003 | $0.013 | DailyAccrualFund |
May 30, 2003 | $0.015 | DailyAccrualFund |
Apr 30, 2003 | $0.014 | DailyAccrualFund |
Mar 31, 2003 | $0.013 | DailyAccrualFund |
Feb 28, 2003 | $0.014 | DailyAccrualFund |
Jan 31, 2003 | $0.016 | DailyAccrualFund |
Dec 31, 2002 | $0.016 | DailyAccrualFund |
Nov 29, 2002 | $0.016 | DailyAccrualFund |