T. Rowe Price Government Money Fund (PRRXX)
Ticker Symbol:
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Formerly T. Rowe Price Prime Reserve Fund
Fund Snapshot
Quick Stats
Current NAV as of 04/18/2019 $1.0000
NAV Change $0.0000
Daily YTD Return as of 04/18/2019 0.63%
NAV 12 Month Low-High $1.0000 - $1.0000
Net Assets as of 03/31/2019 $7,696.68 Million
Important money market information: Click here for NAV Type, Liquidity Fees & Redemption Gates, Daily & Weekly liquid asset levels, Holdings, Market-based NAV and Net Shareholder flows.

Effective August 1, 2016, Prime Reserve Fund, changed to a government mandate and was renamed Government Money Fund. The performance for the periods prior to August 1, 2016 reflects the performance of the fund when it operated as a prime money market fund and invested in certain types of securities that it is no longer permitted to hold. Performance prior to this conversion may have been different if the current investment limitations had been in effect.
Performance Comparison
as of 03/31/2019
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.
Average Annual Total Returns 1
1 Year 1.74% 1.74%
3 Years 0.83% 0.83%
5 Years 0.50% 0.50%
10 Years 0.26% 0.26%
Since Inception 4.73% 4.73%
Inception Date January 26, 1976
Gross Expense Ratio^ 0.44%
Net Expense Ratio^ 0.40%
Waiver Type Contractual
Limitation Expires September 30, 2019

Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Return and yield will vary.

You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

^ The gross expense ratio reflects the fund expenses as stated in the fee table of the fund's prospectus prior to the deduction of any waiver or reimbursement. The net expense ratio reflects fund expenses after the deduction of any waiver or reimbursement. If a fund has an active contractual expense limitation, the expiration date is shown below the gross and net expense ratio values above. Expense ratios are as of the most recent prospectus.
1Average annual total return figures include reinvested dividends and capital gain distributions.
Average Annual Total Returns and Benchmarks
as of 03/31/2019
Investment Objective
The fund's goals are preservation of capital, liquidity, and, consistent with these, the highest possible current income.
7-Day Annualized Yield2
as of 04/18/2019
Simple3 2.10%
Simple w/o Waiver 2.10%
Compound3 2.12%
Compound w/o Waiver 2.12%
2 A method of calculating a money fund's yield by annualizing the fund's net investment income for the last seven days of each period divided by the fund's net asset value at the end of the period.

3 In an effort to maintain a zero or positive net yield for the fund, T. Rowe Price has voluntarily waived all or a portion of the management fee it is entitled to receive from the fund. A fee waiver has the effect of increasing the fund's net yield. The 7-day yield without waiver represents what the yield would have been if we were not waiving our management fee. This voluntary waiver is in addition to any contractual expense ratio limitation in effect for the fund and may be amended or terminated at any time without prior notice. Please see the prospectus for more details.

Year-to-date figures are not annualized and represent total return, which includes reinvested distributions (income and capital gains) and any change in share price for the given period. The yield quotation more closely reflects the current earnings of the money market fund than the total return quotation.