T. Rowe Price Summit GNMA Fund

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

#8 in Intermediate-Term Government

U.S. News evaluated 77 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 -0.59 percent over the past year, 2.82 percent over the past three years, 4.14 percent over the past five years, and 4.32 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 2.2%
1 Year -0.6%
3 Years (Annualized) 2.8%
5 Years (Annualized) 4.1%
10 Years (Annualized) 4.3%

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Summary

The investment seeks a high level of income and maximum credit protection. The fund will normally invest at least 80% of its net assets (including any borrowings for investment purposes) 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 net 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 Summit GNMA Fund has an expense ratio of 0.60 percent.

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Risk

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

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