TTGXX: T. Rowe Price Government Money I

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TTGXX T. Rowe Price Government Money I

  • Fund
  • TTGXX
  • Price as of: Oct 18, 2019
  • $1.00 - $0.00 - 0.00%

TTGXX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $8.41 B
  • Holdings in Top 10 32.3%

52 WEEK LOW AND HIGH

$1.00
$1.00
$1.00

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.26%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 0.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Money Market Fund
  • Investment Style Money Market-Taxable

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.01%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name T. Rowe Price Government Money Fund
  • Fund Family Name T. Rowe Price
  • Inception Date May 04, 2017
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Joseph K. Lynagh

Fund Description

The fund is managed to provide a stable share price of $1.00 by investing in only U.S. dollar-denominated money market securities. Its weighted average maturity will not exceed 60 days, the fund's weighted average life will not exceed 120 days, and it will not purchase any security with a remaining maturity longer than 397 calendar days. It will normally invest at least 80% of its net assets (including any borrowings for investment purposes) in government securities and repurchase agreements that are collateralized by government securities.

TTGXX - Fund Company Quick Screens

TTGXX - Performance

Return Ranking - Trailing

Period TTGXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 0.0% 71.06%
1 Yr 0.0% 0.0% 2.5% 76.70%
3 Yr N/A* 0.0% 1.7% N/A
5 Yr N/A* 0.0% 1.1% N/A
10 Yr N/A* 0.0% 0.6% N/A

* Annualized


Return Ranking - Calendar

Period TTGXX Return Category Return Low Category Return High Rank in Category (%)
2018 0.0% 0.0% 0.0% 71.31%
2017 N/A 0.0% 0.0% N/A
2016 N/A 0.0% 0.0% N/A
2015 N/A 0.0% 0.0% N/A
2014 N/A 0.0% 0.0% N/A

Total Return Ranking - Trailing

Period TTGXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 0.0% 71.06%
1 Yr 0.0% -5.1% 2.5% 75.74%
3 Yr N/A* -1.6% 1.7% N/A
5 Yr N/A* -1.0% 1.1% N/A
10 Yr N/A* -0.5% 0.6% N/A

* Annualized


Total Return Ranking - Calendar

Period TTGXX Return Category Return Low Category Return High Rank in Category (%)
2018 0.0% 0.0% 0.0% 71.31%
2017 N/A 0.0% 0.0% N/A
2016 N/A 0.0% 0.0% N/A
2015 N/A 0.0% 0.0% N/A
2014 N/A 0.0% 0.0% N/A

NAV & Total Return History

TTGXX - Holdings

Concentration Analysis

TTGXX Category Low Category High TTGXX % Rank
Net Assets 8.41 B 53.1 K 152 B 35.79%
Number of Holdings 91 2 1098 47.72%
Net Assets in Top 10 2.76 B 2.16 M 98.7 B 38.02%
Weighting of Top 10 32.34% 9.2% 132.4% 70.92%

Top 10 Holdings

  1. Royal Bank Of Canada Ny Mortgage Repo 7.87%

  2. Bank Of America Sec Mortgage Repo 3.47%

  3. Goldman Sachs & Co Mortgage Repo 3.15%

  4. Hsbc Sec Usa Inc Treasury Repo 2.95%

  5. Goldman Sachs & Co Treasury Repo 2.86%

  6. United States Treasury Bills 0% 2.56%

  7. Rbc Ds Treasury Repo 2.42%

  8. Hsbc Sec Usa Inc Mortgage Repo 2.37%

  9. Citigroup Glbl Mkt Inc Treasury Repo 2.37%

  10. Federal Home Loan Mortgage Corporation 0% 2.33%


Asset Allocation

Weighting Return Low Return High TTGXX % Rank
Cash
58.74% 0.00% 100.40% 77.54%
Bonds
41.26% 0.00% 103.85% 22.27%
Stocks
0.00% 0.00% 0.00% 71.48%
Preferred Stocks
0.00% 0.00% 0.12% 71.48%
Other
0.00% -5.71% 100.00% 68.59%
Convertible Bonds
0.00% 0.00% 4.78% 73.07%

Bond Sector Breakdown

Weighting Return Low Return High TTGXX % Rank
Cash & Equivalents
58.74% 0.00% 100.40% 77.51%
Government
41.26% 0.00% 103.85% 4.50%
Derivative
0.00% 0.00% 1.58% 72.07%
Securitized
0.00% 0.00% 35.60% 74.70%
Corporate
0.00% 0.00% 17.40% 79.48%
Municipal
0.00% 0.00% 99.57% 77.51%

Bond Geographic Breakdown

Weighting Return Low Return High TTGXX % Rank
US
41.26% 0.00% 103.85% 22.27%
Non US
0.00% 0.00% 23.98% 76.05%

TTGXX - Expenses

Operational Fees

TTGXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.26% 0.00% 15.28% 81.87%
Management Fee 0.29% 0.00% 0.57% 78.40%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

TTGXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

TTGXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TTGXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 235.00% 57.73%

TTGXX - Distributions

Dividend Yield Analysis

TTGXX Category Low Category High TTGXX % Rank
Dividend Yield 1.60% 0.00% 3.93% 18.01%

Dividend Distribution Analysis

TTGXX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

TTGXX Category Low Category High TTGXX % Rank
Net Income Ratio 2.01% 0.00% 4.52% 9.61%

Capital Gain Distribution Analysis

TTGXX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

TTGXX - Managers

Joseph K. Lynagh

Manager

Start Date

Tenure

Tenure Rank

Jan 30, 2009

10.67

10.7%

Joseph Lynagh is a portfolio manager in the Fixed Income Division at T. Rowe Price and head of the Cash Management team. Mr. Lynagh manages the firm's taxable and municipal money market portfolios, the ultra short bond portfolio, and other cash investments. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc. Mr. Lynagh joined T. Rowe Price in 1990 and has worked in Fixed Income since 1994. Mr. Lynagh earned a B.S. and an M.S.F. from Loyola University Maryland. He also has earned the Chartered Financial Analyst designation.


Tenure Analysis

Category Low

0.21

Category High

44.01

Category Average

13.66

Category Mode

13.61