Mike Sewell is a portfolio manager in the Fixed Income Division. He is the lead manager for the US Inflation Protected and US Treasury Strategies. He is the president and chairman of the Inflation Protected Bond and the Limited Duration Inflation Focused Bond Funds; an executive vice president and chairman of the U.S. Limited Duration TIPS Index Fund; an executive vice president of the U.S. Treasury Funds, Inc., and Index Trust, Inc.; and a vice president of the Fixed Income Series, Inc., Short-Term Bond Fund, and Exchange-Traded Funds, Inc. Mike is the chairman, the cochairman, and a member of the Investment Advisory Committees of the U.S. Limited Duration TIPS Index Fund, U.S. Trust Limited-Term Index Funds  , and U.S. Treasury Funds, Inc., respectively. He also is a member of the Global Interest Rate and Currency Strategy team. Mike is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.

Mike's investment experience began in 2007, and he has been with T. Rowe Price since 2004, beginning in the Portfolio Accounting department. After that, he worked as a research liaison, supporting the High Yield and Municipal teams. He also was a portfolio investment analyst in the Fixed Income Quantitative department, where he worked closely with the Municipal and Emerging Markets teams; a trader in Global Trading, trading agency mortgage-backed securities; and an associate portfolio manager on the U.S. Taxable Bond team before assuming his current role.

Mike earned a B.S. in business administration, with a concentration in financial management, from Towson University and an M.S. in finance from Loyola University Maryland. Mike also has earned the Chartered Financial Analyst^® designation.

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