TRGXX — T. Rowe Price U.S. Treasury Money Fund
Data updated: 2026-08-12
TRGXX — T. Rowe Price U.S. Treasury Money Fund. Money Market · 0.22% expense ratio. Holdings, fees, performance and SEC filings.
TRGXX Fund Overview
TRGXX — T. Rowe Price U.S. Treasury Money Fund is a US mutual fund managed by T. Rowe Price U.S. Treasury Funds, Inc., categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: T. Rowe Price U.S. Treasury Funds, Inc.
- Category: Money Market
- Ticker: TRGXX
- SEC CIK: 0000853437
- SEC series ID: S000002169
- Share class ID: C000190632
TRGXX Investment Objective and Strategy
T. Rowe Price U.S. Treasury Money Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by T. Rowe Price U.S. Treasury Funds, Inc..
Investment objective
The fund seeks maximum preservation of capital and liquidity and, consistent with these goals, the highest possible current income.
Principal investment strategy
The fund is a money market fund managed in compliance with Rule 2a-7 under the Investment Company Act of 1940, and is managed to provide a stable share price of $1.00. The fund invests at least 80% of its net assets in U.S. Treasury securities, which are backed by the full faith and credit of the U.S. government, and repurchase agreements thereon. The remainder is invested in other securities backed by the full faith and credit of the U.S. government and repurchase agreements thereon. The fund qualifies as a government money market fund pursuant to Rule 2a-7. Government money market funds are required to invest at least 99.5% of their total assets in cash, U.S. government securities, and/or repurchase agreements that are fully collateralized by government securities or cash. Government securities include any security issued or guaranteed as to principal or interest by the U.S.
and its agencies or instrumentalities. A repurchase agreement is a contract under which the fund (buyer) purchases a security, usually a U.S. government or agency security, from a bank or well-established securities dealer (seller) that requires the seller to repurchase the securities from the fund at a specific price on a designated date (which is often the next business day). The funds weighted average maturity will not exceed 60 calendar days, the funds weighted average life will not exceed 120 calendar days, and the fund will not purchase any security with a remaining maturity longer than 397 calendar days (unless otherwise permitted by Rule 2a-7). When calculating its weighted average maturity, the fund may shorten its maturity by using the interest rate resets of certain adjustable rate securities.
The fund may not take into account these resets when calculating its weighted average life. The securities purchased by the fund are subject to the maturity, quality, diversification, liquidity, and overall risk-limiting conditions and other requirements of Rule 2a-7. All securities purchased by the fund present minimal credit risk in the opinion of T. Rowe Price. In selecting securities for the fund, the portfolio manager may examine relationships among yields of various types and maturities of money market securities in the context of interest rate outlooks. The funds yield will fluctuate with changes in short-term interest rates. U.S. Treasury securities in which the fund may invest include Treasury bills and notes, and repurchase agreements thereon. Other government securities in which the fund may invest include non-U.S.
Treasury securities that are backed by the full faith and credit of the U.S. government (such as securities issued by Government National Mortgage Association and other government agencies and securities issued by certain nongovernmental entities but guaranteed by the U.S. government). Rule 2a-7 does not require government money market funds to impose liquidity fees or temporary redemption gates. The fund has no intention to voluntarily impose liquidity fees and/or redemption gates, although the funds Board of Directors reserves the right to impose liquidity fees and redemption gates in the future. The fund may sell holdings for a variety of reasons, such as to adjust the portfolios average maturity or to shift assets into and out of higher-yielding securities.
TRGXX Holdings
Top 10 holdings of T. Rowe Price U.S. Treasury Money Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fixed Income Clearing Bnym Treasury Repo 3.6600 20260901 | 21.32% |
| Fixed Income Clearing Ssbt Treasury Repo 3.6700 20260901 | 11.75% |
| United States Treasury Floating Rate Note | 5.31% |
| Citigroup Glbl Mkt, Inc. Treasury Repo 3.6600 20260901 | 4.49% |
| Goldman Sachs & Co. Treasury Repo 3.6700 20260901 | 4.48% |
| United States Treasury Note/bond | 3.79% |
| Wells Fargo Securities Treasury Repo 3.6600 20260901 | 3.39% |
| United States Treasury Note/bond | 2.54% |
| United States Treasury Note/bond | 2.34% |
| Royal Bank Of Canada Ny Treasury Repo 3.6600 20260901 | 2.24% |
TRGXX Costs and Fees
TRGXX costs about $22 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.22%
- Gross expense ratio: 0.22%
TRGXX Debt Constituents
No individual debt constituents are reported in T. Rowe Price U.S. Treasury Money Fund's latest SEC N-PORT filing.
TRGXX Prospectus and SEC Filings
Official T. Rowe Price U.S. Treasury Money Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Money Market funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.