U.S. Treasury Long-Term Index Fund

Formerly U.S. Treasury Long-Term

Invests at least 80% of its net assets in U.S. Treasury securities, which are backed by the full faith and credit of the federal government. Remainder is invested in other securities backed by the full faith and credit of the U.S. government.

Minimal credit risk because it invests only in securities backed by the federal government and other investments involving such securities. Primary source of risk is the possibility of rising interest rates. Long-term bonds are subject to the greatest price swings because the longer the maturity, the greater the price decline when rates rise and the greater the price increase when rates fall.

Morningstar (Category)

Morningstar
(Overall Rating)1

Long Government
  (30 funds)

Data as of 12/31/2021

Data as of 12/31/2021

Fund Manager Tenure2

Net Assets3
(USD)

18yrs
$4.1b

Data as of 12/31/2021

Data as of 12/31/2021

Price
(USD)

Daily Price Change

$11.29
$+0.12

Data as of 01/21/2022

Data as of 01/21/2022

Morningstar Ratings™ are based on risk-adjusted returns. Click on "Overall Rating" for the fund's 3-, 5-, and 10-year (if applicable) Morningstar Ratings™.

Brian Brennan, CFA
Brian Brennan, CFA, Portfolio Manager

Brian Brennan is a portfolio manager in the Fixed Income Division. He has lead portfolio management responsibilities for the US Treasury, US Investment Grade Core Bond, US Core Plus Bond, and Stable Value Strategies. He also is a member of the Core/Core Plus Portfolio strategy team. Brian is the president and chairman of the Investment Advisory Committees of the U.S. Treasury Funds, Inc.; a vice president of the Multi-Sector Account Portfolios, Inc.; and a vice president and Investment Advisory Committee member of the GNMA, Inflation Protected Bond, New Income, Limited Duration Inflation Focused Bond, Total Return, QM U.S. Bond Index, and U.S. Limited Duration TIPS Index Funds. In addition, he is an Investment Advisory Committee member of the Mortgage-Backed Securities Multi-Sector Account Portfolio. Brian is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., T. Rowe Price International Ltd, and T. Rowe Price Trust Company.

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Strategy

Investment Objective

The fund seeks to provide high income consistent with maximum credit protection.

Yields & Dividends (Investor Class)

30-Day SEC Standardized Yield
with waiver
1.67%

Data as of 12/31/2021

without waiver
1.67%

Data as of 12/31/2021

30-Day Annualized Dividend Yield
with waiver
1.78%

Data as of 01/21/2022

Monthly Dividend
(USD)
$0.01947313

Data as of 12/31/2021

Monthly Dividend
Rate
0.01%

Data as of 01/21/2022

US Mutual Fund vendor indices disclaimers

Sectors

Total
Sectors
3

Data as of 12/31/2021

Benchmark: Bloomberg U.S. Long Treasury Bond Index

Largest Sector U.S. Treasury Bonds & Notes 95.45% Was (11/30/2021) 92.78%
Other View complete

Over

MBS
By 3.66%
Fund 3.66%
Benchmark 0.00%

Under

U.S. Treasury Bonds & Notes
By -4.55%
Fund 95.45%
Benchmark 100.00%

Data as of 12/31/2021

For a complete list of the members of the fund's Investment Advisory Committee, please refer to the fund's prospectus.

View platform information
1

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2

Number of years managing the fund.  In the case of co-portfolio management, the longer tenure is displayed.

3

Figure applies to all share classes.

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