Continue to site >
Trending ETFs

Name

As of 03/26/2024

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

$5.02

$780 M

3.55%

$0.18

0.27%

Vitals

YTD Return

-1.4%

1 yr return

-0.5%

3 Yr Avg Return

-3.8%

5 Yr Avg Return

-0.6%

Net Assets

$780 M

Holdings in Top 10

33.5%

52 WEEK LOW AND HIGH

$5.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.27%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 77.80%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

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

$5.02

$780 M

3.55%

$0.18

0.27%

PRTIX - Profile

Distributions

  • YTD Total Return -1.4%
  • 3 Yr Annualized Total Return -3.8%
  • 5 Yr Annualized Total Return -0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.74%
DIVIDENDS
  • Dividend Yield 3.6%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    T. Rowe Price U.S. Treasury Intermediate Index Fund
  • Fund Family Name
    TROWEPRICE
  • Inception Date
    Sep 29, 1989
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Brian Brennan

Fund Description

The fund seeks to track the investment returns of its benchmark index, the Bloomberg U.S. 4-10 Year Treasury Bond Index (Index). Under normal conditions, the fund invests at least 80% of its net assets (including any borrowings for investment purposes) in securities that are held in the Index and at least 80% of its net assets (including any borrowings for investment purposes) in U.S. Treasury securities, which are backed by the full faith and credit of the U.S. government. The remainder of the portfolio may be invested in other securities backed by the full faith and credit of the U.S. government. The fund’s weighted average maturity is expected to normally range between three and ten years, and it will vary consistent with the weighted average maturity of the Index. As of July 31, 2023, the fund’s weighted average maturity was 6.10 years.

The Index consists of U.S. dollar-denominated, fixed rate nominal debt issued by the U.S. Treasury with maturities between four and ten years. To be eligible for inclusion in the Index, a security must be an obligation of the U.S. Treasury, rated investment grade, have a fixed rate coupon or zero coupon with at least $250 million or more of outstanding face value, and have greater than four years and less than ten years remaining to maturity. The Index is market value weighted and the securities represented in the Index are updated on the last business day of each month. The composition of the Index is rebalanced at each month-end and represents the fixed set of securities on which Index returns are calculated for the next month. As of July 31, 2023, there were 80 securities in the Index.

The adviser does not attempt to fully replicate the Index for the fund by holding each of the bonds represented in the Index. The portfolio will be structured to maintain an investment and

risk profile, and overall characteristics, similar to the Index. However, the adviser seeks to closely track the returns of the Index and more efficiently replicate the key risk factors of the Index (such as maturity, duration, and credit quality) by attempting to capitalize on market inefficiencies through structural portfolio positioning and making small tactical bets on inflation, duration, and yield curve positioning. Duration, which is expressed in years, is a calculation that attempts to measure the price sensitivity of a bond or bond fund to changes in interest rates. For example, the price of a bond fund with a duration of three years would be expected to fall approximately 3% if interest rates rose by one percentage point. A bond fund with a longer duration should be more sensitive to changes in interest rates than a bond fund with a shorter duration.

U.S. Treasury securities in which the fund may invest include Treasury bills, notes, and bonds (which includes Treasury STRIPS), as well as Treasury Inflation Protected Securities.

The fund may use a variety of derivatives, such as futures, options, and swaps, for a number of purposes, such as for exposure or hedging. Specifically, the fund uses interest rate futures and U.S. Treasury futures, and options on those instruments, to manage duration and tactically gain or limit exposure to certain areas of the markets.

The fund buys and sells U.S. Treasury futures, which are futures contracts collateralized by U.S. Treasury bonds or notes, to gain efficient exposure to U.S. Treasury securities, help realign the portfolio with the Index, adjust its sensitivity to interest rate changes, and/or manage cash flows into and out of the fund. Investments in U.S. Treasury futures will be counted toward the fund’s 80% investment policies. Interest rate futures are typically used to manage the fund’s exposure to interest rate changes or to adjust portfolio duration.

The fund’s other investments may include the following:

·Securities backed by the full faith and credit of the U.S. government (including, but not limited to, securities issued by Government National Mortgage Association and other government agencies and certain corporate debt securities guaranteed by U.S. government agencies); and

·Shares of a T. Rowe Price internal money market fund or short-term bond fund that invests exclusively in securities backed by the full faith and credit of the U.S. government.

Read More

PRTIX - Performance

Return Ranking - Trailing

Period PRTIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.4% -2.1% 9.6% 93.83%
1 Yr -0.5% -2.8% 36.8% 93.83%
3 Yr -3.8%* -7.8% 11.7% 88.94%
5 Yr -0.6%* -5.4% 3.4% 60.75%
10 Yr 0.6%* -1.9% 3.4% 51.81%

* Annualized

Return Ranking - Calendar

Period PRTIX Return Category Return Low Category Return High Rank in Category (%)
2023 -0.6% -1.0% 22.1% 90.79%
2022 -13.6% -20.4% -5.8% 51.98%
2021 -3.7% -7.1% 16.6% 69.82%
2020 5.1% -1.3% 8.8% 10.23%
2019 4.4% 0.3% 7.1% 5.19%

Total Return Ranking - Trailing

Period PRTIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.4% -2.1% 9.6% 93.83%
1 Yr -0.5% -2.8% 36.8% 93.83%
3 Yr -3.8%* -7.8% 11.7% 88.94%
5 Yr -0.6%* -5.4% 3.4% 60.75%
10 Yr 0.6%* -1.9% 3.4% 51.81%

* Annualized

Total Return Ranking - Calendar

Period PRTIX Return Category Return Low Category Return High Rank in Category (%)
2023 3.0% -0.5% 28.8% 92.98%
2022 -12.3% -18.5% -3.3% 65.20%
2021 -3.0% -4.5% 25.3% 94.59%
2020 8.1% -1.3% 13.0% 13.95%
2019 6.6% 1.8% 11.3% 14.15%

NAV & Total Return History


PRTIX - Holdings

Concentration Analysis

PRTIX Category Low Category High PRTIX % Rank
Net Assets 780 M 9.79 M 113 B 50.44%
Number of Holdings 62 18 12861 96.49%
Net Assets in Top 10 269 M 5.49 M 43.7 B 48.68%
Weighting of Top 10 33.54% 6.3% 115.2% 57.02%

Top 10 Holdings

  1. UNITED STATES TREASURY NOTE/BOND 4.35%
  2. UNITED STATES TREASURY NOTE/BOND 4.21%
  3. UNITED STATES TREASURY NOTE/BOND 4.15%
  4. UNITED STATES TREASURY NOTE/BOND 3.36%
  5. UNITED STATES TREASURY NOTE/BOND - WHEN ISSUED 3.33%
  6. UNITED STATES TREASURY NOTE/BOND 2.99%
  7. UNITED STATES TREASURY NOTE/BOND 2.88%
  8. T ROWE PRICE GOVERNMENT RESERVE INVESTMENT FUND - Collateral 2.81%
  9. UNITED STATES TREASURY NOTE/BOND 2.74%
  10. UNITED STATES TREASURY NOTE/BOND 2.72%

Asset Allocation

Weighting Return Low Return High PRTIX % Rank
Bonds
99.46% 0.08% 167.02% 54.39%
Cash
3.07% -29.69% 22.63% 39.91%
Stocks
0.00% 0.00% 96.75% 33.77%
Preferred Stocks
0.00% 0.00% 0.10% 31.14%
Convertible Bonds
0.00% 0.00% 3.29% 33.77%
Other
-0.04% -26.81% 18.17% 89.47%

Bond Sector Breakdown

Weighting Return Low Return High PRTIX % Rank
Government
86.56% 0.00% 100.00% 11.40%
Cash & Equivalents
3.07% -29.63% 33.75% 40.35%
Securitized
2.55% 0.00% 99.79% 87.72%
Corporate
0.00% 0.00% 9.48% 51.75%
Municipal
0.00% 0.00% 5.24% 44.74%
Derivative
-0.04% -20.68% 6.72% 82.46%

Bond Geographic Breakdown

Weighting Return Low Return High PRTIX % Rank
US
99.46% 0.08% 167.02% 54.39%
Non US
0.00% 0.00% 12.01% 32.89%

PRTIX - Expenses

Operational Fees

PRTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.27% 0.03% 3.55% 86.78%
Management Fee 0.06% 0.00% 0.85% 6.14%
12b-1 Fee N/A 0.00% 1.00% 4.00%
Administrative Fee 0.15% 0.01% 0.45% 83.96%

Sales Fees

PRTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 4.50% N/A
Deferred Load N/A 1.00% 4.50% N/A

Trading Fees

PRTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

PRTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 77.80% 3.35% 948.00% 32.64%

PRTIX - Distributions

Dividend Yield Analysis

PRTIX Category Low Category High PRTIX % Rank
Dividend Yield 3.55% 0.00% 4.67% 29.82%

Dividend Distribution Analysis

PRTIX Category Low Category High Category Mod
Dividend Distribution Frequency None Quarterly Monthly Monthly

Net Income Ratio Analysis

PRTIX Category Low Category High PRTIX % Rank
Net Income Ratio 0.74% -0.80% 2.96% 51.10%

Capital Gain Distribution Analysis

PRTIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

PRTIX - Fund Manager Analysis

Managers

Brian Brennan


Start Date

Tenure

Tenure Rank

Nov 01, 2007

14.59

14.6%

Brian Brennan is a portfolio manager in the Fixed Income Division at T. Rowe Price. He also is a member of the portfolio strategy team for T. Rowe Price’s core and core plus mandates. Mr. Brennan is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., T. Rowe Price International Ltd, and T. Rowe Price Trust Company. Mr. Brennan joined the Firm in 2000 and his investment experience dates from 1987. Prior to joining T. Rowe Price, he was a fixed income manager with Howard Hughes Medical Institute. Mr. Brennan began his career at CIGNA Investments, Inc., as a portfolio analyst for immunized and indexed fixed income accounts. Mr. Brennan earned a B.S. in economics and computer sciences and an M.A. in economics from Trinity College in Hartford, Connecticut. He also earned the Chartered Financial Analyst (CFA) designation and is a former president and treasurer of the Baltimore CFA Society.

Michael Sewell


Start Date

Tenure

Tenure Rank

Jan 01, 2022

0.41

0.4%

Michael K. Sewell joined T. Rowe Price in 2004.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 31.64 8.39 7.35