T. Rowe Price U.S. Treasury Intermediate Index Fund
PRTIX
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USD
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Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 East Pratt Street Baltimore MD United States of America 21202
- IPO Date
- Sep 28, 1989
- CIK
- 0000853437
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price U.S. Treasury Intermediate Index Fund (PRTIX) is an open-end mutual fund that seeks a high level of current income consistent with maximum credit protection and moderate fluctuation in principal by investing at least 80% of its net assets in U.S. Treasury securities backed by the full faith and credit of the U.S. government, with the remainder in other U.S. government-backed securities; its weighted average maturity targets a range of three to ten years, focusing on intermediate-term obligations such as U.S. Treasury notes with durations around 5.4 to 5.6 years. Top holdings typically include U.S. Treasury Notes across various coupons, such as 4.25%, 4.125%, 4.625%, 4%, and 3.5%, comprising about 23% of the portfolio, with overall asset allocation heavily weighted to U.S. bonds (98-99%) and minimal cash (1%). The fund, launched on September 29, 1989, operates within the Intermediate Government category, maintains a low net expense ratio of 0.27%, and as of late 2025 manages total net assets of approximately $452-456 million with daily pricing available to U.S. investors. Managed by a team including Robert Larkins, Amit Deshpande, and Yongheon Lee since June 30, 2024, the fund exhibits high portfolio turnover around 109-267% and features a minimum initial investment of $2,500 ($1,000 for IRAs). It is domiciled in the United States and offered through T. Rowe Price Group, Inc., an independent global investment management firm founded in 1937 and headquartered in Baltimore, Maryland, with operations serving clients worldwide through 17 international offices. In recent developments, T. Rowe Price entered a strategic collaboration with Goldman Sachs announced in September 2025, involving up to a $1 billion open-market investment by Goldman Sachs for a 3.5% stake in T. Rowe Price common stock to broaden access to public and private market portfolios for retirement and wealth channels; this led to the December 15, 2025, launch of the first co-branded model portfolios tailored for mass-affluent and high-net-worth advisors, combining strengths in multi-asset solutions and active management. These initiatives mark significant strategic expansions in product offerings and partnerships within the last year, with further launches planned for direct indexing and evergreen alternatives in 2026.