PRXAX Performance — T. Rowe Price GNMA Fund, I Class
Data updated: 2026-08-12
PRXAX returned +1.01% year to date and +6.59% over one year to May 2026. Annualised returns are +4.15% over 3 years and +0.46% over 5 years. Against its Intermediate Securitized Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $113, against $116 for the category, and to $107 over one year, against $106. Volatility over the past three years was 5.95% a year. In the 12 months to May 2026 the fund lost a net $17.9M, and assets reached $342.96M.
PRXAX Growth of $100
What $100 invested in T. Rowe Price GNMA Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Securitized Bond category average over the same months.
| Period | PRXAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $107 | $106 |
| 3 years (Jun 2023 – May 2026) | $113 | $116 |
| 5 years (Jun 2021 – May 2026) | $102 | $105 |
| Since data start (Sep 2019 – May 2026) | $106 | $111 |
PRXAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.01% |
| 1 year | +6.59% |
| 3 years (annualised) | +4.15% |
| 5 years (annualised) | +0.46% |
PRXAX Annual Returns
Calendar-year total returns of T. Rowe Price GNMA Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.01% |
| 2025 | +7.69% |
| 2024 | +1.12% |
| 2023 | +5.35% |
| 2022 | −10.90% |
| 2021 | −2.08% |
| 2020 | +4.33% |
| 2019 (Sep–Dec) | +0.37% |
PRXAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.6% | +1.5% | −1.5% | +0.1% | +0.3% | — | — | — | — | — | — | — |
| 2025 | +0.6% | +2.3% | −0.1% | +0.2% | −1.0% | +1.8% | −0.4% | +1.6% | +0.9% | +0.7% | +0.5% | +0.2% |
| 2024 | −0.4% | −1.4% | +0.9% | −2.7% | +1.9% | +0.9% | +2.5% | +1.6% | +1.0% | −2.7% | +1.2% | −1.4% |
| 2023 | +3.1% | −2.2% | +1.9% | +0.6% | −0.8% | −0.6% | 0.0% | −0.7% | −3.0% | −1.8% | +4.8% | +4.1% |
| 2022 | −1.2% | −0.8% | −2.9% | −2.9% | +1.2% | −1.7% | +2.8% | −2.7% | −5.0% | −1.3% | +4.2% | −0.9% |
| 2021 | 0.0% | −0.5% | −0.4% | +0.2% | −0.5% | −0.1% | +0.2% | −0.1% | −0.1% | −0.3% | −0.2% | −0.2% |
| 2020 | +0.7% | +0.9% | +1.2% | +0.7% | +0.3% | −0.1% | −0.1% | +0.2% | 0.0% | −0.1% | +0.3% | +0.2% |
| 2019 | — | — | — | — | — | — | — | — | +0.1% | +0.3% | +0.1% | 0.0% |
PRXAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 5.95%
- 3-year Sharpe ratio: -0.06 (vs 4.5% risk-free rate)
- Best month: +4.83% (Nov 2023)
- Worst month: −2.98% (Sep 2023)
PRXAX Fund Flows
Monthly money in and out of T. Rowe Price GNMA Fund, from SEC Form N-PORT.
- 12-month net flow: −$17.9M
- 12-month gross sales (incl. reinvestments): $43.7M
- Sales ÷ redemptions: 0.71×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $1.8M | $4.7M | −$2.9M |
| Apr 2026 | $2.2M | $3.3M | −$1.1M |
| Mar 2026 | $3.0M | $5.9M | −$2.9M |
| Feb 2026 | $3.6M | $5.8M | −$2.2M |
| Jan 2026 | $2.8M | $4.7M | −$2.0M |
| Dec 2025 | $2.9M | $7.4M | −$4.5M |
| Nov 2025 | $4.1M | $4.9M | −$774K |
| Oct 2025 | $4.2M | $6.4M | −$2.2M |
| Sep 2025 | $7.4M | $4.5M | $2.9M |
| Aug 2025 | $4.1M | $5.4M | −$1.3M |
| Jul 2025 | $2.9M | $4.6M | −$1.7M |
| Jun 2025 | $4.7M | $4.0M | $704K |
PRXAX Assets Under Management
Net assets of T. Rowe Price GNMA Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $342.96M |
| 2026-02-28 | $357.02M |
| 2025-11-30 | $361.09M |
| 2025-08-31 | $356.49M |
| 2025-05-31 | $352.02M |
| 2025-02-28 | $730.50M |
| 2024-11-30 | $990.04M |
| 2024-08-31 | $1.03B |
| 2024-05-31 | $995.58M |
| 2024-02-29 | $1.01B |
| 2023-11-30 | $1.01B |
| 2023-08-31 | $958.31M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.