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T. Rowe Price Gnma Fund (PRGMX)

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8.07 0.00    0%
08/11 - Closed. Currency in USD
  • Morningstar Rating:
  • Total Assets: 228.69M
Type:  Fund
Market:  United States
Issuer:  T. Rowe Price
Asset Class:  Bond
T. Rowe Price GNMA 8.07 0.00 0%

PRGMX Overview

 
On this page you'll find an in-depth profile of T. Rowe Price Gnma Fund. Learn about the key management, total assets, investment strategy and contact information of PRGMX among other information.
Category

Intermediate Government

Total Assets

228.69M

Expenses

0.62%

Inception Date

31377

Investment Strategy

The investment seeks high current income consistent with high overall credit quality and moderate price fluctuation by investing at least 80% of its total assets in Government National Mortgage Association securities backed by the full faith and credit of the U.S. government. The fund will normally invest at least 80% of its total assets in mortgage-backed securities issued by the Government National Mortgage Association (GNMA), an agency of the U.S. Department of Housing and Urban Development. Up to 20% of its total assets may be invested in high-quality securities that are not backed by the full faith and credit of the U.S. government.

Contact Information

Address The Gate, Level 15, Office 24
Dubai,Dubai XXXXXX
United Arab Emirates
Phone 97 14 401 9266

Top Executives

Name Title Since Until
Ramon de Castro - 2023 Now
Keir R Joyce - 2019 2023
Biography Mr.Joyce joined T.Rowe Price in 2001 and his investment experience dates from 1998.
Andrew C. McCormick Chairman 2008 2019
Biography Andy McCormick is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., and T. Rowe Price Trust Company and is a portfolio manager in the Fixed Income Division. He is head of the U.S. Taxable Bond team and a member of the Fixed Income Steering Committee. Andy also is head of Securitized Products. He is president, chairman of the Investment Advisory Committee, and portfolio manager for the GNMA Fund. Andy brought 25 years of experience with him when he joined the firm in 2008, including 13 years on Wall Street trading mortgages and agency securities, 10 years at Fannie Mae managing significant mortgage assets, and two years working with a hedge fund manager and mortgage real estate investment trust firm. He earned a B.S. in finance from Syracuse University.
Connie Bavely Vice President and chairman 2000 2008
Biography Bavely is a vice president and chairman of an investment advisory committee with T. Rowe Price Associates, her employer since February, 1998. Formerly, she was a founding partner and senior vice president of Atlantic Asset Management Partners, LLC. Prior to that, she spent five years at Weiss Peck and Greer as a special partner and portfolio manager. Bavely holds the Chartered Financial Analyst designation.
Deborah L. Stefani Vice President, Portfolio Manager 1997 2000
Biography Boyer is a vice president and portfolio manager for the taxable fixed-income department at T. Rowe Price Associates where she specializes in agency mortgage-backed securities. Prior to joining the firm in 1996, she was an assistant vice president and government bond trader with First Chicago NBD Corporation. Boyer is a series 63 and 7 NASD licensed representative, as well as a series 65 registered investment adviser.
Peter Van Dyke Director 1987 1998
Biography Van Dyke is director of the taxable bond division at T. Rowe Price Associates, his employer since 1985. He designed and is responsible for the firm's quantitative fixed-income investment process. He also serves as a vice president of Rowe Price-Fleming International. Prior to joining T. Rowe Price, Van Dyke spent two years as a senior engineer with the Johns Hopkins University Applied Physics Laboratory.
J. Michael Gaffney - 1985 1987
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