TRZHX Fees and Costs — T. Rowe Price Inflation Protected Bond Fund, Inc., Z Class
Data updated: 2026-08-12
The net expense ratio is 0.00%: a 0.33% management fee plus 0.07% other expenses, less a 0.40% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $2K in broker commissions, 0.0005% of average net assets, and portfolio turnover was 24%.
TRZHX Fees and Expenses
Annual operating expenses and sales charges of TRZHX. Prospectus, as of July 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.33% |
| 12b-1 fee | — |
| Other expenses | 0.07% |
| Gross expense ratio | 0.40% |
| Fee waiver | −0.40% |
| 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 |
TRZHX Costs Over Time
On $10,000 invested in TRZHX, assuming 5% a year before costs, total costs come to $0 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 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $0 | $0 |
| Total costs | $0 | $0 | $0 |
| Value after costs | $10,500 | $11,576 | $12,762 |
| Impact on return, per year | 0.00% | 0.00% | 0.00% |
TRZHX 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): 0.0005%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $291.6M
- Portfolio turnover (prospectus): 24%
- Securities on loan, average value: $0
- Net income from securities lending: $10 (0.000% of average net assets)
TRZHX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $853 | 36.47% |
| Citigroup Inc. | $501 | 21.42% |
| J.P. MORGAN SECURITIES LLC | $398 | 17.02% |
| GOLDMAN SACHS & CO. LLC | $384 | 16.42% |
| MORGAN STANLEY & CO. LLC | $203 | 8.68% |
TRZHX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $50.7M | 18.06% |
| Nomura International PLC | $43.6M | 15.55% |
| CITADEL SECURITIES INSTITUTIONAL LLC | $40.3M | 14.36% |
| THE TORONTO-DOMINION BANK | $38.1M | 13.59% |
| GOLDMAN SACHS & CO. LLC | $31.4M | 11.20% |
| MORGAN STANLEY & CO. LLC | $22.9M | 8.17% |
| BMO Capital Markets Corp. | $16.8M | 6.00% |
| Deutsche Bank Securities Inc. | $13.1M | 4.66% |
| Citigroup Inc. | $13.0M | 4.63% |
| BOFA SECURITIES, INC. | $10.6M | 3.78% |
T. Rowe Price Inflation Protected Bond Fund, Inc. Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TRZHX | Z Class | 0.00% | — |
| TIIPX | I Class | 0.22% | — |
| PRIPX | T. Rowe Price Inflation Protected Bond Fund, Inc. | 0.41% | — |
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.