T Rowe Price GNMA Fund I (PRXAX)
8.26
+0.03
(+0.36%)
USD |
Feb 05 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.41% | 353.99M | -- | 76.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -458.65M | 7.01% |
Basic Info
| Investment Strategy | |
| The Fund seeks high current income consistent with high overall credit quality & moderate price fluctuation by investing at least 80% of its total assets in GMNA securities backed by the full faith and credit of the US government. It invest at least 80% of its total assets in mortgage-backed securities issued by GMNA. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Mortgages |
| Peer Group | GNMA Funds |
| Global Macro | Bond HC |
| US Macro | U.S. Government & Treasury Fixed Income Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | GNMA Funds |
| Fund Owner Firm Name | T. Rowe Price |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
52
-111.84M
Peer Group Low
6.050M
Peer Group High
1 Year
% Rank:
93
-458.65M
-3.670B
Peer Group Low
19.60M
Peer Group High
3 Months
% Rank:
43
-188.00M
Peer Group Low
15.93M
Peer Group High
3 Years
% Rank:
77
-6.956B
Peer Group Low
209.90M
Peer Group High
6 Months
% Rank:
31
-346.66M
Peer Group Low
9.845M
Peer Group High
5 Years
% Rank:
43
-15.02B
Peer Group Low
-29.78M
Peer Group High
YTD
% Rank:
57
-23.20M
Peer Group Low
6.050M
Peer Group High
10 Years
% Rank:
65
-16.22B
Peer Group Low
381.81M
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of February 06, 2026.
Asset Allocation
As of December 31, 2025.
| Type | % Net |
|---|---|
| Cash | 1.84% |
| Stock | 0.00% |
| Bond | 97.79% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.37% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| GNMA 2.0 03/20/2051 FIX USD Agency | 5.29% | 82.86 | -0.13% |
|
Government National Mortgage Association 2 5.5% 01-JAN-2056
|
4.20% | -- | -- |
| GNMA 2.5 12/20/2051 FIX USD Agency | 4.18% | 86.28 | -0.11% |
| GNMA 2.0 01/20/2052 FIX USD Agency | 3.51% | 82.83 | -0.13% |
|
Government National Mortgage Association 2 5% 01-JAN-2056
|
3.29% | -- | -- |
| GNMA 2.0 01/20/2051 FIX USD Agency | 3.20% | 82.92 | -0.13% |
| T Rowe Price Government Money Fund | 3.09% | 1.00 | 0.00% |
| GNMA 2.5 08/20/2050 FIX USD Agency | 3.05% | 86.31 | -0.11% |
|
Government National Mortgage Association 2 20-JUL-2051 CE6127
|
2.18% | -- | -- |
| GNMA 3.0 10/20/2051 FIX USD Agency | 2.14% | 89.93 | -0.08% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.31% |
| Administration Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 500000.0 None |
| Minimum Subsequent Investment | 0.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks high current income consistent with high overall credit quality & moderate price fluctuation by investing at least 80% of its total assets in GMNA securities backed by the full faith and credit of the US government. It invest at least 80% of its total assets in mortgage-backed securities issued by GMNA. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Mortgages |
| Peer Group | GNMA Funds |
| Global Macro | Bond HC |
| US Macro | U.S. Government & Treasury Fixed Income Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | GNMA Funds |
| Fund Owner Firm Name | T. Rowe Price |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (2-4-26) | 3.90% |
| 30-Day SEC Yield (12-31-25) | 4.02% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 619 |
| Bond | |
| Yield to Maturity (12-31-25) | 4.78% |
| Effective Duration | 5.58 |
| Average Coupon | 4.50% |
| Calculated Average Quality | 1.002 |
| Effective Maturity | 25.28 |
| Nominal Maturity | 25.28 |
| Number of Bond Holdings | 592 |
As of December 31, 2025
Fund Details
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:PRXAX", "name") |
| Broad Asset Class: =YCI("M:PRXAX", "broad_asset_class") |
| Broad Category: =YCI("M:PRXAX", "broad_category_group") |
| Prospectus Objective: =YCI("M:PRXAX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |