T. Rowe Price GNMA Fund (PRGMX)
T. Rowe Price GNMA Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Baltimore, MD, US. The stock last traded at $7.83, up 0.51% on the session, giving a market capitalisation of $1.19B. Its beta of 1.06 implies it has historically moved more than the broad market.
The fund primarily allocates at least 80% of its total holdings to mortgage-backed securities that are guaranteed by the Government National Mortgage Association (GNMA), an entity supervised by the U.S. Department of Housing and Urban Development. A smaller portion, up to 20% of its assets, may be invested in other premium-grade securities that do not carry the direct guarantee of the U.S. government.
T. Rowe Price GNMA Fund is most often compared with the following Financial Services names: