T. Rowe Price GNMA Fund I Class (PRXAX)
| Fund Assets | 358.60M |
| Expense Ratio | 0.41% |
| Min. Investment | $500,000 |
| Turnover | 304.50% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.91% |
| Dividend Growth | 10.99% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 8.07 |
| YTD Return | 1.80% |
| 1-Year Return | 1.40% |
| 5-Year Return | -5.90% |
| 52-Week Low | 7.84 |
| 52-Week High | 8.36 |
| Beta (5Y) | n/a |
| Holdings | 617 |
| Inception Date | May 3, 2017 |
About PRXAX
T. Rowe Price GNMA Fund I Class is a mutual fund specializing in fixed income securities primarily composed of mortgage-backed securities issued by the Government National Mortgage Association (GNMA), commonly known as Ginnie Mae. Its core objective is to generate high current income while maintaining high overall credit quality and moderate price fluctuation. The fund is mandated to invest at least 80% of its assets in GNMA securities, all of which are backed by the full faith and credit of the U.S. government, offering investors a high level of credit protection. This focus positions the fund within the broader intermediate government bond category, making it suitable for those seeking exposure to U.S. government-backed mortgage assets. It provides diversification benefits by holding a range of GNMA mortgage pools and related investments, which typically display lower credit risk compared to securities not backed by the government. T. Rowe Price GNMA Fund I Class plays a significant role in the fixed-income market as a source of stable, income-generating securities anchored by the reliability of U.S. government guarantees, making it a vital component for investors looking to balance risk and income within their portfolios.
Performance
PRXAX had a total return of 1.40% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.50%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VFIJX | Vanguard | Vanguard GNMA Fund Admiral Shares | 0.11% |
Top 10 Holdings
33.44% of assets| Name | Symbol | Weight |
|---|---|---|
| GOVERNMENT NATIONAL MORTGAGE A - GINNIE MAE II POOL | n/a | 5.49% |
| GOVERNMENT NATIONAL MORTGAGE A - GINNIE MAE II POOL | n/a | 4.35% |
| GOVERNMENT NATIONAL MORTGAGE A - GINNIE MAE | G2SF.5.5 6.11 | 4.09% |
| GOVERNMENT NATIONAL MORTGAGE A - GINNIE MAE II POOL | n/a | 3.64% |
| GOVERNMENT NATIONAL MORTGAGE A - GINNIE MAE II POOL | G2.MA7135 | 3.32% |
| GOVERNMENT NATIONAL MORTGAGE A - GINNIE MAE II POOL | G2.MA6819 | 3.19% |
| T. Rowe Price Government Reserve Fund | TRPGRIA | 2.77% |
| GOVERNMENT NATIONAL MORTGAGE A - GINNIE MAE II POOL | G2.CE6127 | 2.30% |
| GOVERNMENT NATIONAL MORTGAGE A - GINNIE MAE II POOL | n/a | 2.24% |
| GOVERNMENT NATIONAL MORTGAGE A - GINNIE MAE | G2SF.5 6.11 | 2.04% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.02617 | Jun 30, 2025 |
| May 30, 2025 | $0.02954 | May 30, 2025 |
| Apr 30, 2025 | $0.02649 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0246 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02583 | Feb 28, 2025 |
| Jan 31, 2025 | $0.02711 | Jan 31, 2025 |