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Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

T. Rowe Price Summit GNMA Fund

PRSUX |

-

$131 M

-

0.60%

Vitals

YTD Return

N/A

1 yr return

-0.8%

3 Yr Avg Return

2.5%

5 Yr Avg Return

3.8%

Net Assets

$131 M

Holdings in Top 10

36.8%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.60%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 241.50%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$25,000

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

T. Rowe Price Summit GNMA Fund

PRSUX |

-

$131 M

-

0.60%

PRSUX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return 2.5%
  • 5 Yr Annualized Total Return 3.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.73%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    T. Rowe Price Summit GNMA Fund
  • Fund Family Name
    T. Rowe Price
  • Inception Date
    Oct 29, 1993
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Andrew C. McCormick

Fund Description

PRSUX - Performance

Return Ranking - Trailing

Period PRSUX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -50.0% 270.1% N/A
1 Yr -0.8% -64.0% 270.1% N/A
3 Yr 2.5%* -41.4% 115.6% N/A
5 Yr 3.8%* -30.7% 58.6% N/A
10 Yr 4.5%* -8.4% 26.2% N/A

* Annualized

Return Ranking - Calendar

Period PRSUX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -67.1% 73.0% N/A
2022 N/A -76.0% 74.8% N/A
2021 N/A -58.1% 900.0% N/A
2020 N/A -51.1% 336.8% N/A
2019 N/A -60.1% 304.1% N/A

Total Return Ranking - Trailing

Period PRSUX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -50.0% 270.1% N/A
1 Yr -0.8% -64.0% 270.1% N/A
3 Yr 2.5%* -30.7% 115.6% N/A
5 Yr 3.8%* -30.7% 58.6% N/A
10 Yr 4.5%* -8.4% 26.3% N/A

* Annualized

Total Return Ranking - Calendar

Period PRSUX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -67.1% 76.6% N/A
2022 N/A -30.7% 76.8% N/A
2021 N/A -58.1% 900.0% N/A
2020 N/A -51.1% 341.1% N/A
2019 N/A -60.1% 304.1% N/A

PRSUX - Holdings

Concentration Analysis

PRSUX Category Low Category High PRSUX % Rank
Net Assets 131 M 0 814 B N/A
Number of Holdings 394 1 17358 N/A
Net Assets in Top 10 55.2 M -28.8 B 134 B N/A
Weighting of Top 10 36.75% 0.0% 20474.3% N/A

Top 10 Holdings

  1. FNMA 5.51%
  2. GNMA 4.5% 4.43%
  3. GNMA 3% 4.05%
  4. GNMA 4.5% 3.72%
  5. GNMA 3.5% 3.53%
  6. Ginnie Mae Single Family TBA 3% 2044-04-01 3.34%
  7. GNMA 4% 3.17%
  8. GNMA 4.5% 3.10%
  9. GNMA 5% 2.95%
  10. GNMA 5% 2.94%

Asset Allocation

Weighting Return Low Return High PRSUX % Rank
Bonds 		96.84% -955.59% 533.06% N/A
Cash 		3.16% -483.27% 7388.76% N/A
Stocks 		0.00% -142.98% 259.25% N/A
Preferred Stocks 		0.00% -0.12% 80.89% N/A
Other 		0.00% -7288.76% 493.15% N/A
Convertible Bonds 		0.00% -0.37% 166.23% N/A

Bond Sector Breakdown

Weighting Return Low Return High PRSUX % Rank
Securitized 		93.95% -35.05% 159.61% N/A
Cash & Equivalents 		3.16% -452.21% 7388.76% N/A
Government 		2.89% -3298.93% 457.08% N/A
Derivative 		0.00% -511.61% 48.69% N/A
Corporate 		0.00% -15.73% 3345.86% N/A
Municipal 		0.00% 0.00% 110.18% N/A

Bond Geographic Breakdown

Weighting Return Low Return High PRSUX % Rank
US 		96.84% -955.59% 499.56% N/A
Non US 		0.00% -150.85% 464.75% N/A

PRSUX - Expenses

Operational Fees

PRSUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.60% 0.00% 928.63% N/A
Management Fee 0.60% 0.00% 2.87% N/A
12b-1 Fee 0.00% 0.00% 1.00% N/A
Administrative Fee 0.15% 0.00% 52000.00% N/A

Sales Fees

PRSUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 25.00% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

PRSUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% 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.

PRSUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 241.50% 0.00% 5067.00% N/A

PRSUX - Distributions

Dividend Yield Analysis

PRSUX Category Low Category High PRSUX % Rank
Dividend Yield 0.00% 0.00% 87.51% N/A

Dividend Distribution Analysis

PRSUX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Annually

Net Income Ratio Analysis

PRSUX Category Low Category High PRSUX % Rank
Net Income Ratio 0.73% -46.00% 10.10% N/A

Capital Gain Distribution Analysis

PRSUX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

PRSUX - Fund Manager Analysis

Managers

Andrew C. McCormick

Start Date

Tenure

Tenure Rank

Apr 01, 2008

6.08

6.1%

"Andrew McCormick is a portfolio manager in the Fixed Income Division at T. Rowe Price. Mr. McCormick is head of the U.S. Taxable Bond team and lead portfolio manager of the firmÂ’s U.S. GNMA Bond Strategy. He is a member of the Fixed Income Steering Committee. Mr. McCormick is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., and T. Rowe Price Trust Company. Mr. McCormick has 30 years of investment experience, five of which have been with T. Rowe Price. Prior to joining the firm in 2008, he spent 13 years on Wall Street trading mortgages and agency securities, 10 years at Fannie Mae managing significant mortgage assets, and two years working with a hedge fund manager and mortgage real estate investment trust firm. Mr. McCormick earned a B.S. in finance from Syracuse University. "

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 43.76 4.66 4.5

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