Morningstar

T. Rowe Price GNMA Fund PRGMX

Morningstar Medalist Rating
Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 7.75  /  −0.26 %
  • Total Assets 316.7M
  • Adj. Expense Ratio
    0.620%
  • Expense Ratio 0.620%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Government Mortgage-Backed Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.95%
  • Effective Duration 5.08 years

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:11 AM GMT+0

Morningstar’s Analysis PRGMX

Will PRGMX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PRGMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PRGMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PRGMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

T. Rowe Price GNMA holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings PRGMX

More PRGMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 38.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

T. Rowe Price Gov. Reserve

8.31 28M
Cash and Equivalents

Government National Mortgage Association 5%

6.89 23M
Securitized

Government National Mortgage Association 5.5%

6.26 21M
Securitized

Government National Mortgage Association 2%

5.16 17M
Securitized

Government National Mortgage Association 2.5%

4.08 14M
Securitized

Government National Mortgage Association 2%

3.43 11M
Securitized

Government National Mortgage Association 2%

3.12 10M
Securitized

Government National Mortgage Association 2.5%

2.97 10M
Securitized

Government National Mortgage Association 2.5%

2.08 7M
Securitized

Government National Mortgage Association 3%

2.07 7M
Securitized

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