T. Rowe Price GNMA Fund

Class No Load (PRGMX)
Scorecard
4 / 5 Stars
Lipper
3 4 5 4 3
Zacks Investment Research
3 (Hold)
Standard & Poor's
5 / 5 Stars
TheStreet.com
C+ (Hold)

#6 in Intermediate-Term Government

U.S. News evaluated 82 Intermediate Government Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 2.44 percent over the past year, 4.63 percent over the past three years, 5.33 percent over the past five years, and 4.64 percent over the past decade.

Trailing Returns Updated 04.30.2013
Year to date 0.8%
1 Year 2.4%
3 Years (Annualized) 4.6%
5 Years (Annualized) 5.3%
10 Years (Annualized) 4.6%

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Summary

The investment seeks high current income consistent with high overall credit quality and moderate price fluctuation by investing at least 80% of its total assets in Government National Mortgage Association securities backed by the full faith and credit of the U.S. government. The fund normally invests at least 80% of its total assets in mortgage-backed securities issued by the Government National Mortgage Association (GNMA), an agency of the U.S. Department of Housing and Urban Development. Up to 20% of total assets can be invested in high-quality securities that are not backed by the full faith and credit of the U.S. government.

Fees

Fees are Low compared to funds in the same category.
T. Rowe Price GNMA Fund has an expense ratio of 0.60 percent.

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Risk

Risk is Low compared to funds in the same category according to Morningstar.

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See Also:

Top T. Rowe Price Funds
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