TRZGX Performance — T. Rowe Price GNMA Fund, Inc. - Z Class
Data updated: 2026-08-12
TRZGX returned +5.62% over one year to Mar 2025. Over one year the fund trailed its Intermediate Securitized Bond category average: $100 grew to $106, against $106 for the category. Volatility over the past 12 months was 6.10% a year. In the 12 months to May 2026 the fund lost a net $17.9M, and assets reached $342.96M.
TRZGX 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 | TRZGX | Category average |
|---|---|---|
| 1 year (Apr 2024 – Mar 2025) | $106 | $106 |
| 3 years (Apr 2022 – Mar 2025) | $104 | $104 |
| Since data start (Feb 2021 – Mar 2025) | $98 | $99 |
TRZGX Trailing Returns
Total returns to Mar 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +5.62% |
3- and 5-year figures withheld: disagrees with sibling classes.
TRZGX 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 |
|---|---|
| 2025 (Jan–Mar) | +2.96% |
| 2024 | +1.56% |
| 2023 | +5.79% |
| 2022 | −10.41% |
| 2021 (Feb–Dec) | −1.36% |
TRZGX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +0.5% | +2.4% | +0.1% | — | — | — | — | — | — | — | — | — |
| 2024 | −0.5% | −1.4% | +1.0% | −2.5% | +1.8% | +1.1% | +2.4% | +1.6% | +1.2% | −2.7% | +1.2% | −1.4% |
| 2023 | +3.1% | −2.1% | +1.9% | +0.5% | −0.8% | −0.4% | +0.1% | −0.7% | −2.9% | −1.8% | +4.9% | +4.2% |
| 2022 | −1.2% | −0.7% | −2.7% | −2.8% | +1.1% | −1.7% | +3.0% | −2.7% | −5.0% | −1.3% | +4.2% | −0.8% |
| 2021 | — | −0.1% | −0.3% | +0.2% | −0.5% | 0.0% | +0.2% | 0.0% | −0.1% | −0.3% | −0.2% | −0.2% |
TRZGX Risk
Risk measures from monthly returns over Apr 2024 – Mar 2025.
- 1-year volatility (annualised): 6.10%
- Best month: +2.37% (Jul 2024)
- Worst month: −2.67% (Oct 2024)
TRZGX 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 |
TRZGX 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.