About PBDIX
T. Rowe Price QM U.S. Bond Index Fund is an intermediate core bond mutual fund designed to closely replicate or modestly exceed the performance of the U.S. investment-grade bond market. Its primary objective is to provide a total return that aligns with its benchmark, the Bloomberg U.S. Aggregate Bond Index, which represents a broad spectrum of U.S. dollar-denominated, fixed-rate, investment-grade bonds including government, agency, mortgage- and asset-backed, and corporate bonds. The fund employs a quantitative, index-oriented strategy but may make incremental adjustments to optimize returns net of expenses, while maintaining a cost advantage with a low expense ratio. It typically maintains high credit quality with moderate interest rate sensitivity, reflected in a weighted average duration around six to nine years. The fund holds a large, diversified portfolio with a significant portion in U.S. Treasuries and government-backed securities, offering investors exposure to the core of the domestic fixed income market. Established in 2000, it plays a key role for investors seeking broad, passive exposure to U.S. investment-grade bonds for diversification and income within a balanced portfolio.
Fund Family T. Rowe Price
Category Intermediate Core Bond
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol PBDIX
Index Bloomberg U.S. Aggregate Bond TR
PBDIX had a total return of -1.97% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.43%.
