TRZGX Fees and Costs — T. Rowe Price GNMA Fund, Inc. - Z Class
Data updated: 2026-08-12
The net expense ratio is 0.00%: a 0.36% management fee plus 0.03% other expenses, less a 0.39% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $6K in broker commissions, 0.0018% of average net assets, and portfolio turnover was 73%.
TRZGX Fees and Expenses
Annual operating expenses and sales charges of TRZGX. Prospectus, as of May 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.36% |
| 12b-1 fee | — |
| Other expenses | 0.03% |
| Gross expense ratio | 0.39% |
| Fee waiver | −0.39% |
| Net expense ratio | 0.00% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
TRZGX Costs Over Time
On $10,000 invested in TRZGX, assuming 5% a year before costs, total costs come to $1 over 5 years, cutting the return by 0.00% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.00%) | $0 | $0 | $0 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $0 | $0 |
| Total costs | $0 | $1 | $1 |
| Value after costs | $10,500 | $11,576 | $12,762 |
| Impact on return, per year | 0.00% | 0.00% | 0.00% |
TRZGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0018%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $2.7B
- Portfolio turnover (prospectus): 73%
- Securities lending: none during the year
TRZGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $2K | 31.06% |
| GOLDMAN SACHS & CO. LLC | $2K | 30.90% |
| BOFA SECURITIES, INC. | $1K | 21.61% |
| MORGAN STANLEY & CO. LLC | $791 | 12.21% |
| Citigroup Inc. | $273 | 4.21% |
TRZGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES, LLC | $908.6M | 34.78% |
| GOLDMAN SACHS & CO. LLC | $610.6M | 23.37% |
| Citigroup Inc. | $219.0M | 8.38% |
| MORGAN STANLEY & CO. LLC | $190.0M | 7.27% |
| J.P. MORGAN SECURITIES LLC | $177.4M | 6.79% |
| BNP PARIBAS | $138.1M | 5.29% |
| MIZUHO SECURITIES USA LLC | $114.6M | 4.39% |
| STONEX FINANCIAL INC. | $110.7M | 4.24% |
| BMO Capital Markets Corp. | $81.5M | 3.12% |
| BNY MELLON CAPITAL MARKETS, LLC | $62.2M | 2.38% |
T. Rowe Price GNMA Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TRZGX | Inc. - Z Class | 0.00% | — |
| PRXAX | I Class | 0.40% | — |
| PRGMX | T. Rowe Price GNMA Fund | 0.62% | — |
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.