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Mike Sewell, CFA

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.

Years at
T. Rowe Price18
Years investment
experience16

Mike-Sewell

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GIPS^® Information

T. Rowe Price ("TRP") claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. T. Rowe Price has been independently verified for the twenty four-year period ended June 30, 2020, by KPMG LLP. The verification report is available upon request. A firm that claims compliance with the GIPS standards must establish policies and procedures for complying with all the applicable requirements of the GIPS standards. Verification provides assurance on whether the firm’s policies and procedures related to composite and pooled fund maintenance, as well as the calculation, presentation, and distribution of performance, have been designed in compliance with the GIPS standards and have been implemented on a firm-wide basis. Verification does not provide assurance on the accuracy of any specific performance report.

TRP is a U.S. investment management firm with various investment advisers registered with the U.S. Securities and Exchange Commission, the U.K. Financial Conduct Authority, and other regulatory bodies in various countries and holds itself out as such to potential clients for GIPS purposes. TRP further defines itself under GIPS as a discretionary investment manager providing services primarily to institutional clients with regard to various mandates, which include U.S, international, and global strategies but excluding the services of the Private Asset Management group.

A complete list and description of all of the Firm's composites and/or a presentation that adheres to the GIPS® standards are available upon request. Additional information regarding the firm's policies and procedures for calculating and reporting performance results is available upon request.

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