T. Rowe Price U.S. Treasury Money Fund
Name
As of 05/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
2.3%
1 yr return
5.5%
3 Yr Avg Return
2.9%
5 Yr Avg Return
N/A
Net Assets
$930 M
Holdings in Top 10
62.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.19%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 0.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Money Market Fund
Name
As of 05/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TRZXX - Profile
Distributions
- YTD Total Return 2.3%
- 3 Yr Annualized Total Return 2.9%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.15%
- Dividend Yield 5.5%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameT. Rowe Price U.S. Treasury Money Fund
-
Fund Family NameTROWEPRICE
-
Inception DateMar 16, 2020
-
Shares OutstandingN/A
-
Share ClassZ
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDouglas Spratley
Fund Description
The fund is a money market fund managed in compliance with Rule 2a-7 under the Investment Company Act of 1940, and is managed to provide a stable share price of $1.00. The fund invests at least 80% of its net assets in U.S. Treasury securities, which are backed by the full faith and credit of the U.S. government, and repurchase agreements for those securities. The remainder is invested in other securities backed by the full faith and credit of the U.S. government and repurchase agreements for those securities.
The fund intends to operate as a “government money market fund” in accordance with Rule 2a-7. “Government money market funds” are required to invest at least 99.5% of their total assets in cash, U.S. government securities, and/or repurchase agreements that are fully collateralized by government securities or cash. A government security is a security issued or guaranteed as to principal or interest by the U.S. government and its agencies or instrumentalities. A repurchase agreement is a contract under which the fund (buyer) purchases a security, usually a U.S. government or agency security, from a bank or well-established securities dealer (seller) that requires the seller to repurchase the securities from the fund at a specific price on a designated date (which is often the next business day).
The fund’s weighted average maturity will not exceed 60 calendar days, the fund’s weighted average life will not exceed 120 calendar days, and the fund will not purchase any security with a remaining maturity longer than 397 calendar days (unless otherwise permitted by Rule 2a-7). When calculating its weighted average maturity, the fund may shorten its maturity by using the interest rate resets of certain adjustable rate securities. The fund may not take into account these resets when calculating its weighted average life.
The securities purchased by the fund are subject to the maturity, quality, diversification, liquidity, and overall risk-limiting conditions and other requirements of Rule 2a-7. In selecting securities for the fund, the portfolio manager may examine relationships among yields of various types and maturities of government money market securities in the context of interest rate outlooks. The fund’s yield will fluctuate with changes in short-term interest rates.
U.S. Treasury securities in which the fund may invest include Treasury bills and notes, and repurchase agreements for those securities. Other government securities in which the fund may invest include non-U.S. Treasury securities that are backed by the full faith and credit of the U.S. government (such as securities issued by Government National Mortgage Association and other government agencies and securities issued by certain nongovernmental entities but guaranteed by the U.S. government).
TRZXX - Performance
Return Ranking - Trailing
Period | TRZXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.3% | 0.0% | 2.2% | 12.00% |
1 Yr | 5.5% | 0.5% | 5.4% | 10.75% |
3 Yr | 2.9%* | 0.7% | 2.8% | 3.29% |
5 Yr | N/A* | 0.7% | 110.0% | N/A |
10 Yr | N/A* | 0.3% | 32.1% | N/A |
* Annualized
Return Ranking - Calendar
Period | TRZXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.0% | -0.1% | 5.0% | 79.75% |
2022 | 0.0% | 0.0% | 1.2% | 81.63% |
2021 | 0.0% | 0.0% | 0.0% | 81.94% |
2020 | N/A | 0.0% | 0.4% | N/A |
2019 | N/A | 0.0% | 2.0% | N/A |
Total Return Ranking - Trailing
Period | TRZXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.3% | 0.0% | 2.2% | 12.00% |
1 Yr | 5.5% | 0.5% | 5.4% | 10.75% |
3 Yr | 2.9%* | 0.7% | 2.8% | 3.29% |
5 Yr | N/A* | 0.7% | 110.0% | N/A |
10 Yr | N/A* | 0.3% | 32.1% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | TRZXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.2% | 0.8% | 5.9% | 35.25% |
2022 | 1.7% | 0.0% | 1.8% | 1.28% |
2021 | 0.1% | 0.0% | 1.9% | 6.20% |
2020 | N/A | 0.0% | 3.0% | N/A |
2019 | N/A | 0.0% | 3797.9% | N/A |
NAV & Total Return History
TRZXX - Holdings
Concentration Analysis
TRZXX | Category Low | Category High | TRZXX % Rank | |
---|---|---|---|---|
Net Assets | 930 M | 818 K | 211 B | 29.25% |
Number of Holdings | 49 | 1 | 346 | 51.38% |
Net Assets in Top 10 | 7 B | 147 K | 163 B | 51.88% |
Weighting of Top 10 | 62.55% | 22.7% | 100.0% | 51.55% |
Top 10 Holdings
- Federal Reserve Bk Of Ny Treasury Repo 31.90%
- Federal Reserve Bk Of Ny Treasury Repo 31.90%
- Federal Reserve Bk Of Ny Treasury Repo 31.90%
- Federal Reserve Bk Of Ny Treasury Repo 31.90%
- Federal Reserve Bk Of Ny Treasury Repo 31.90%
- Federal Reserve Bk Of Ny Treasury Repo 31.90%
- Federal Reserve Bk Of Ny Treasury Repo 31.90%
- Federal Reserve Bk Of Ny Treasury Repo 31.90%
- Federal Reserve Bk Of Ny Treasury Repo 31.90%
- Federal Reserve Bk Of Ny Treasury Repo 31.90%
Asset Allocation
Weighting | Return Low | Return High | TRZXX % Rank | |
---|---|---|---|---|
Cash | 78.48% | 25.56% | 100.00% | 36.00% |
Bonds | 21.52% | 0.00% | 74.44% | 62.50% |
Stocks | 0.00% | 0.00% | 0.00% | 81.50% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 81.25% |
Other | 0.00% | -1.67% | 0.04% | 81.00% |
Convertible Bonds | 0.00% | 0.00% | 21.22% | 82.75% |
Bond Sector Breakdown
Weighting | Return Low | Return High | TRZXX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 78.73% | 0.00% | 100.00% | 30.25% |
Government | 21.27% | 0.00% | 44.01% | 64.25% |
Derivative | 0.00% | 0.00% | 0.00% | 81.25% |
Securitized | 0.00% | 0.00% | 1.75% | 81.75% |
Corporate | 0.00% | 0.00% | 100.00% | 85.50% |
Municipal | 0.00% | 0.00% | 22.71% | 83.25% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | TRZXX % Rank | |
---|---|---|---|---|
US | 21.52% | 0.00% | 72.86% | 62.50% |
Non US | 0.00% | 0.00% | 3.41% | 82.00% |
TRZXX - Expenses
Operational Fees
TRZXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.19% | 0.07% | 4.53% | 85.75% |
Management Fee | 0.18% | 0.03% | 0.50% | 69.00% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.55% | N/A |
Sales Fees
TRZXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 5.75% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
TRZXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 5.00% | 5.00% | 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.
TRZXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 0.00% | 0.00% | 485.00% | 58.33% |
TRZXX - Distributions
Dividend Yield Analysis
TRZXX | Category Low | Category High | TRZXX % Rank | |
---|---|---|---|---|
Dividend Yield | 5.52% | 0.00% | 5.42% | 1.25% |
Dividend Distribution Analysis
TRZXX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
TRZXX | Category Low | Category High | TRZXX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.15% | -1.09% | 1.67% | 0.77% |
Capital Gain Distribution Analysis
TRZXX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Monthly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
May 01, 2024 | $0.004 | OrdinaryDividend |
Apr 01, 2024 | $0.005 | OrdinaryDividend |
Mar 01, 2024 | $0.004 | OrdinaryDividend |
Feb 01, 2024 | $0.004 | OrdinaryDividend |
Dec 29, 2023 | $0.005 | OrdinaryDividend |
Nov 30, 2023 | $0.004 | OrdinaryDividend |
Oct 31, 2023 | $0.004 | OrdinaryDividend |
Sep 29, 2023 | $0.005 | OrdinaryDividend |
Aug 31, 2023 | $0.005 | OrdinaryDividend |
Jul 31, 2023 | $0.004 | OrdinaryDividend |
Jun 30, 2023 | $0.004 | OrdinaryDividend |
May 31, 2023 | $0.004 | OrdinaryDividend |
Apr 28, 2023 | $0.004 | OrdinaryDividend |
Mar 31, 2023 | $0.004 | OrdinaryDividend |
Feb 28, 2023 | $0.004 | OrdinaryDividend |
Jan 31, 2023 | $0.003 | OrdinaryDividend |
Dec 30, 2022 | $0.004 | OrdinaryDividend |
Nov 30, 2022 | $0.003 | OrdinaryDividend |
Oct 31, 2022 | $0.002 | OrdinaryDividend |
Sep 30, 2022 | $0.002 | OrdinaryDividend |
Aug 31, 2022 | $0.002 | OrdinaryDividend |
Jul 29, 2022 | $0.001 | OrdinaryDividend |
Jun 30, 2022 | $0.001 | OrdinaryDividend |
May 31, 2022 | $0.001 | OrdinaryDividend |
Apr 29, 2022 | $0.000 | OrdinaryDividend |
Mar 31, 2022 | $0.000 | OrdinaryDividend |
Feb 28, 2022 | $0.000 | OrdinaryDividend |
Jan 31, 2022 | $0.000 | OrdinaryDividend |
Dec 31, 2021 | $0.000 | OrdinaryDividend |
Nov 30, 2021 | $0.000 | OrdinaryDividend |
Oct 29, 2021 | $0.000 | OrdinaryDividend |
Sep 30, 2021 | $0.000 | OrdinaryDividend |
Aug 31, 2021 | $0.000 | OrdinaryDividend |
Jul 30, 2021 | $0.000 | OrdinaryDividend |
Jun 30, 2021 | $0.000 | OrdinaryDividend |
May 28, 2021 | $0.000 | OrdinaryDividend |
Apr 30, 2021 | $0.000 | OrdinaryDividend |
Mar 31, 2021 | $0.000 | OrdinaryDividend |
Feb 26, 2021 | $0.000 | OrdinaryDividend |
Jan 29, 2021 | $0.000 | OrdinaryDividend |
Dec 31, 2020 | $0.000 | OrdinaryDividend |
Nov 30, 2020 | $0.000 | OrdinaryDividend |
Oct 30, 2020 | $0.000 | OrdinaryDividend |
Sep 30, 2020 | $0.000 | OrdinaryDividend |
TRZXX - Fund Manager Analysis
Managers
Douglas Spratley
Start Date
Tenure
Tenure Rank
Mar 01, 2020
2.25
2.3%
Douglas D. Spratley joined T. Rowe Price in 2008 and became cochairman in 2020. His investment experience dates from 1996. Previously, he was an investment analyst for the Prudential Capital Group. Spratley joined Prudential in 1992. Spratley holds the Chartered Financial Analyst designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 46.68 | 14.98 | 19.01 |