T Rowe Price GNMA Fund Z (TRZGX)
7.98
+0.02
(+0.25%)
USD |
Apr 22 2025
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.00% | 538.69M | -- | 305.0% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -32.38M | -- |
Basic Info
| Investment Strategy | |
| The fund seeks high current income consistent with high overall credit quality and 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:
53
-62.09M
Peer Group Low
20.45M
Peer Group High
1 Year
% Rank:
44
-32.38M
-758.25M
Peer Group Low
36.56M
Peer Group High
3 Months
% Rank:
53
-191.15M
Peer Group Low
21.95M
Peer Group High
3 Years
% Rank:
80
-6.626B
Peer Group Low
60.35M
Peer Group High
6 Months
% Rank:
55
-350.60M
Peer Group Low
26.72M
Peer Group High
5 Years
% Rank:
57
-12.88B
Peer Group Low
-22.48M
Peer Group High
YTD
% Rank:
50
-467.90M
Peer Group Low
20.04M
Peer Group High
10 Years
% Rank:
69
-17.09B
Peer Group Low
400.65M
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of August 25, 2026.
*Indicates data for the year is incomplete.
Asset Allocation
As of September 30, 2025.
| Type | % Net |
|---|---|
| Cash | 2.97% |
| Stock | 0.00% |
| Bond | 96.66% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.37% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| T Rowe Price Government Money Fund | 6.23% | 1.00 | 0.00% |
|
Government National Mortgage Association 2 5.5% 01-JUL-2056
|
5.69% | -- | -- |
|
Government National Mortgage Association 2 5% 01-JUL-2056
|
5.59% | -- | -- |
| GNMA 2.0 03/20/2051 FIX USD Agency | 5.23% | 80.39 | 0.30% |
| GNMA 2.5 12/20/2051 FIX USD Agency | 4.13% | 83.99 | 0.35% |
| GNMA 2.0 01/20/2052 FIX USD Agency | 3.48% | 80.44 | 0.30% |
| GNMA 2.0 01/20/2051 FIX USD Agency | 3.16% | 80.55 | 0.30% |
| GNMA 2.5 08/20/2050 FIX USD Agency | 3.01% | 83.98 | 0.35% |
|
Government National Mortgage Association 2 20-JUL-2051 CE6127
|
2.12% | -- | -- |
| GNMA 3.0 10/20/2051 FIX USD Agency | 2.11% | 87.30 | 0.25% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | -- |
| Administration Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | -- |
| Available for RRSP | -- |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 0.00 None |
| Minimum Subsequent Investment | 0.00 None |
Projected Income
| Type | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of July 31, 2026.
Basic Info
| Investment Strategy | |
| The fund seeks high current income consistent with high overall credit quality and 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 | -- |
| 30-Day SEC Yield (2-28-25) | 4.17% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 624 |
| Bond | |
| Yield to Maturity (9-30-25) | 4.87% |
| Effective Duration | 5.50 |
| Average Coupon | 4.55% |
| Calculated Average Quality | 1.008 |
| Effective Maturity | 25.32 |
| Nominal Maturity | 25.32 |
| Number of Bond Holdings | 597 |
As of September 30, 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:TRZGX", "name") |
| Broad Asset Class: =YCI("M:TRZGX", "broad_asset_class") |
| Broad Category: =YCI("M:TRZGX", "broad_category_group") |
| Prospectus Objective: =YCI("M:TRZGX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |