T. Rowe Price GNMA Fund (PRGMX)
Ticker Symbol:
PRGMX
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Snapshot
Download a Prospectus
Quick Stats
Current NAV as of 11/20/2009 $9.86
NAV Change $0.01
Daily YTD Return as of 11/20/2009 7.25%
NAV 12 Month Low-High $9.29 - $9.86
Net Assets as of 10/31/2009 $1,508.42 Million
Investment Objective
The fund seeks high current income consistent with high overall credit quality and moderate price fluctuation.
30-Day Yield1
Annualized Dividend as of (11/20/2009) 4.26%
SEC Dividend as of (11/15/2009) 4.01%
1The 30-day dividend yield represents the average daily dividends for the 30-day period, annualized, and divided by the net asset values per share at the end of the period. The SEC standardized yield is computed under an SEC standardized formula and reflects an estimated yield to maturity (assuming all portfolio securities are held to maturity).
Morningstar Ratings2
as of 09/30/2009
Overall
3 Year
5 Year
10 Year
Morningstar rated the GNMA Fund among 335, 335, 317 and 234 Intermediate Government funds for the overall rating and the 3-, 5-, and 10-year periods (as applicable) ending 09/30/2009, respectively. Morningstar Ratings™ are based on risk-adjusted returns. The Overall Morningstar Rating™ is derived from a weighted average of the performance figures associated with a fund's 3-, 5-, and 10-year (if applicable) Morningstar Rating™ metrics.
2 For funds with at least a 3-year history, a Morningstar Rating™ is based on a risk-adjusted return measure (including the effects of sales charges, loads, and redemption fees) with emphasis on downward variations and consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% 4 stars, the next 35% 3 stars, the next 22.5% 2 stars, and the bottom 10% 1 star. Each share class is counted as a fraction of one fund within this scale and rated separately. Morningstar Rating™ is for the retail share class only; other classes may have different performance characteristics.
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Performance Comparison
as of 10/31/2009
This chart shows the value of a hypothetical $10,000 investment in the fund over the past 10 years or since its inception (for funds lacking 10-year records). The result is compared with benchmarks, which may include a broad-based market index and a peer group average or index. Market indexes do not include expenses, which are deducted from fund returns as well as mutual fund averages and indexes.
Benchmark Definitions
Average Annual Total Returns3
  Month
End
10/31/2009 		Quarter
End
09/30/2009
1 Year 11.60% 9.10%
3 Years 6.43% 6.41%
5 Years 5.10% 5.11%
10 Years 5.83% 5.80%
Since Inception 6.84% 6.83%
Inception Date November 26, 1985
Expense Ratio as of 05/31/2009 0.66%
Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, yield and return will vary and you may have a gain or loss when you sell your shares.
3 Average annual total return figures include changes in principal value, reinvested dividends, and capital gain distributions. For funds less than one year old, the Since Inception return figure is not annualized and represents an aggregate total return.
See Glossary for additional details on all data elements.