T. Rowe Price Inflation Protected Bond I (TIIPX)

Fund Assets	545.22M
Expense Ratio	0.23%
Min. Investment	$500,000
Turnover	24.30%
Dividend (ttm)	0.53
Dividend Yield	5.27%
Dividend Growth	1.91%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.97
YTD Return	-2.25%
1-Year Return	-2.69%
5-Year Return	-9.45%
52-Week Low	9.93
52-Week High	10.79
Beta (5Y)	0.07
Holdings	51
Inception Date	Dec 17, 2015

About TIIPX

T. Rowe Price Inflation Protected Bond Fund I Class is an institutional mutual fund that primarily invests in inflation-protected debt securities, aiming to provide both inflation protection and consistent income. The fund typically allocates at least 80% of its net assets to inflation-protected bonds, with a significant focus on U.S. Treasury Inflation-Protected Securities (TIPS), though it can also include comparable securities issued by U.S. government agencies and corporations, all of which must be investment grade. A smaller portion of the portfolio may be invested in other high-quality fixed-income securities or preferred stock. The fund is managed by T. Rowe Price's experienced fixed-income team, and its performance is benchmarked against the Bloomberg US TIPS Index. With a weighted average maturity of approximately 7.4 years and an effective duration near 6.8 years, it offers moderate interest rate sensitivity alongside its inflation-linked features. The fund plays a key role in institutional portfolios seeking to hedge against inflation while maintaining exposure to high-quality, government-backed debt instruments, illustrating its importance within the broader market for inflation-sensitive fixed income solutions.

• Fund Family: T. Rowe Price
• Category: Infl Protected
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: TIIPX
• Share Class: T. Rowe Price Inflation Protected Bond Fund-i Class
• Index: Bloomberg U.S. TIPS TR

Performance

TIIPX had a total return of -2.69% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.81%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
VAIPX	Vanguard	Vanguard Inflation-Protected Secs Adm	0.10%
VIPIX	Vanguard	Vanguard Inflation-Protected Secs I	0.07%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
TRZHX	T. Rowe Price Inflation Protected Bond Fund-z Class	n/a

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.01427	Sep 30, 2026
Aug 31, 2026	$0.0137	Aug 31, 2026
Jul 31, 2026	$0.01566	Jul 31, 2026
Jun 30, 2026	$0.01442	Jun 30, 2026
May 29, 2026	$0.01463	May 29, 2026
Apr 30, 2026	$0.0142	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 13, 2026

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