T. Rowe Price U.S. Treasury Long-Term Index Fund
PRULX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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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
- Baltimore MD 21202 Baltimore MD United States of America 07102
- IPO Date
- Sep 28, 1989
- CIK
- 0000853437
- Website
- pgim.com
- Similar Companies
- Business
- T. Rowe Price U.S. Treasury Long-Term Index Fund (PRULX) is an open-end mutual fund managed by T. Rowe Price Group, Inc., a global investment management firm founded in 1937 and headquartered in Baltimore, Maryland, that seeks to track the performance of the Bloomberg U.S. Long Treasury Index by investing primarily in long-term U.S. Treasury securities. The fund holds a diversified portfolio concentrated in U.S. government bonds with high credit quality and extended interest-rate sensitivity, including top holdings such as United States Treasury Bonds 4.5%, 3.375%, 1.875%, 4.25%, and 3.25%; at least 85% of assets are allocated to U.S. Treasury securities with maturities typically ranging from 10 to 30 years, supplemented by cash equivalents and minimal exposure to other categories. It targets individual and institutional investors, financial intermediaries, and retirement plan sponsors seeking income with maximum credit protection in the long government bond segment, with total net assets of approximately $4.40 billion, a net expense ratio of 0.29%, and daily pricing available primarily in the United States. The fund maintains a portfolio weighted average maturity between 15 and 20 years, emphasizing fixed-income securities within the Morningstar Long Government category; minimum initial investments stand at $2,500, with subsequent investments at $100 and no front-end or deferred loads. T. Rowe Price Group, Inc., the fund's sponsor, operates globally across 17 offices in 55 countries, offering a broad spectrum of mutual funds, subadvisory services, separate accounts, retirement plans, and multi-asset strategies focused on equities, fixed income, and alternatives. In recent developments, the fund underwent a management transition in June 2024 with the appointment of Robert Larkins, Amit Deshpande, and Yongheon Lee as portfolio managers. Concurrently, T. Rowe Price Group formed a major strategic alliance with Goldman Sachs in early 2025, under which Goldman invested up to $1 billion in T. Rowe Price stock to collaborate on private-market products, including target date funds and model portfolios blending public and private assets like leveraged buyouts and private credit for retail and retirement investors. Additionally, in February 2025, T. Rowe Price established a strategic partnership with U.S. insurer Aspida to manage public and private assets for retirement and reinsurance solutions, underscoring expansions into insurance-linked investments amid over $1.6 trillion in total assets under management.