T. Rowe Price GNMA
100 East Pratt StreetBaltimore MD 21202
Map
Phone: 800-638-5660
| Category: | Intermediate Government | | Fund Family: | T. Rowe Price | | Net Assets: | 1.75B | | Year-to-Date Return: | 1.18% | | Yield: | 4.10% | | Morningstar Rating: |  | | Fund Inception Date: | Nov 25, 1985 |
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Andrew C. McCormick
Lead Manager since Mar 31, 2008 | | | Andrew McCormick is a portfolio manager in the Fixed Income Division of T. Rowe Price. Mr. McCormick is head of the active taxable team and a member of the Fixed Income Steering Committee. He is also lead portfolio manager and head of the firm's Mortgages and Securitized Products Strategy. Mr. McCormick is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.
Mr. McCormick has 28 years of investment experience, three of which have been with T. Rowe Price. Prior to joining the firm in 2008, he spent 13 years on Wall Street trading mortgages and agency securities, 10 years at Fannie Mae managing significant mortgage assets, and two years working with a hedge fund manager and mortgage real estate investment trust firm.
Mr. McCormick earned a B.S. in finance from Syracuse University. |
| Min Initial Investment: | 2,500 | | Min Initial Investment, IRA: | 1,000 | | Min Initial Investment, AIP: | 2,500 | | Min Subsequent Investment: | 100 | | Min Subsequent Investment, IRA: | 100 | | Min Subsequent Investment, AIP: | 100 |
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| The investment seeks current income consistent with high overall credit quality and moderate price fluctuation.
The fund normally invests at least 80% of total assets in mortgage-backed securities issued by the Government National Mortgage Association (GNMA). It may invest up to 20% of total assets in high-quality securities that are not backed by the full faith and credit of the U.S. government. There is no limit on the maturity of individual bonds in the fundâs portfolio or on the fundâs overall weighted average maturity. |
| Last Dividend
(Apr 29, 2012)
:
| 0.03 | | Last Cap Gain
:
| 0.00 | | Annual Holdings Turnover
(May 22, 2012)
:
| 225.70% | | Average for Category: | 269.61% |
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| Expense | PRGMX | Category Avg |
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| Annual Report Expense Ratio (net): | 0.61% | 0.98% | | Prospectus Net Expense Ratio: | 0.68% | N/A | | Prospectus Gross Expense Ratio: | 0.68% | N/A | | Max 12b1 Fee: | 0.00% | N/A | | Max Front End Sales Load: | N/A | 3.95% | | Max Deferred Sales Load:
| N/A | 2.59% | | 3 Yr Expense Projection*: | 218 | 455 | | 5 Yr Expense Projection*: | 379 | 689 | | 10 Yr Expense Projection*: | 847 | 1,349 |
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