T. Rowe Price Inflation Protected Bond Fund (PRIPX)
The investment seeks to provide inflation protection and income. The fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in inflation-protected bonds. The emphasis will be on bonds issued by the U.S. Treasury (e.g., Treasury inflation-protected securities), but similar bonds issued by U.S. government agencies and corporations may also be purchased. Up to 20% of the fund's investments in inflation-protected bonds may be issued by foreign governments or corporations and linked to a non-U.S. inflation rate. It may also invest up to 20% of its net assets in fixed-income securities that are not indexed to inflation.
Fund Info
US77958D1019
77958D101
Oct 30, 2002
$2,500
Expense Ratio
PRIPX features an expense ratio of 0.38%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Inflation Protected Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
T. Rowe Price Inflation Protected Bond Fund had a return of 1.62% year-to-date (YTD) and 4.70% in the last 12 months. Over the past 10 years, T. Rowe Price Inflation Protected Bond Fund had an annualized return of 1.54%, while the S&P 500 had an annualized return of 11.31%, indicating that T. Rowe Price Inflation Protected Bond Fund did not perform as well as the benchmark.
PRIPX
1.62%
1.22%
0.03%
4.70%
2.03%
1.54%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of PRIPX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.23% | 1.62% | |||||||||||
| 2024 | 0.23% | -1.04% | 0.61% | -1.53% | 1.67% | 0.68% | 1.83% | 0.75% | 1.51% | -1.92% | 0.59% | -1.62% | 1.67% |
| 2023 | 2.16% | -1.56% | 2.43% | 0.09% | -1.37% | -0.55% | 0.00% | -0.93% | -1.87% | -0.79% | 2.57% | 2.59% | 2.63% |
| 2022 | -2.06% | 0.70% | -1.70% | -2.44% | -1.05% | -2.77% | 3.77% | -2.83% | -6.73% | 1.25% | 1.88% | -1.21% | -12.79% |
| 2021 | 0.30% | -1.60% | 0.00% | 1.31% | 1.07% | 0.68% | 2.55% | -0.22% | -0.66% | 1.11% | 0.66% | 2.58% | 7.98% |
| 2020 | 2.19% | 1.02% | -1.36% | 2.53% | 0.60% | 1.23% | 2.37% | 0.84% | -0.38% | -0.61% | 1.23% | 2.98% | 13.29% |
| 2019 | 1.48% | -0.11% | 1.99% | 0.24% | 1.87% | 0.82% | 0.07% | 2.49% | -1.07% | -0.01% | 0.23% | -1.09% | 7.05% |
| 2018 | -0.64% | -0.98% | 0.97% | -0.13% | 0.20% | 0.71% | -0.53% | 0.59% | -0.89% | -1.48% | 0.49% | -1.92% | -3.60% |
| 2017 | 0.94% | 0.34% | -0.08% | 0.42% | 0.00% | -0.92% | 0.51% | 0.93% | -0.67% | 0.25% | 0.08% | -0.90% | 0.87% |
| 2016 | 1.32% | 0.96% | 1.71% | 0.25% | -0.83% | 2.27% | 0.66% | -0.49% | 0.66% | -0.65% | -2.14% | -1.43% | 2.22% |
| 2015 | 3.20% | -1.47% | -0.41% | 0.75% | -0.91% | -0.92% | 0.42% | -0.92% | -0.33% | 0.19% | -0.15% | -2.52% | -3.13% |
| 2014 | 2.15% | 0.22% | -0.34% | 1.28% | 1.91% | 0.26% | 0.01% | 0.56% | -2.44% | 0.73% | 0.32% | -5.27% | -0.84% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PRIPX is 33, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price Inflation Protected Bond Fund (PRIPX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
T. Rowe Price Inflation Protected Bond Fund provided a 4.35% dividend yield over the last twelve months, with an annual payout of $0.45 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.45 | $0.45 | $0.53 | $0.79 | $1.01 | $0.51 | $0.10 | $0.08 | $0.00 | $0.01 | $0.01 | $0.04 |
Dividend yield | 4.35% | 4.41% | 5.06% | 7.37% | 7.71% | 3.91% | 0.82% | 0.67% | 0.02% | 0.04% | 0.07% | 0.35% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Inflation Protected Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.01 | $0.00 | $0.01 | ||||||||||
| 2024 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.01 | $0.01 | $0.35 | $0.01 | $0.45 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.51 | $0.01 | $0.53 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.79 | $0.00 | $0.79 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.01 | $1.01 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.46 | $0.51 |
| 2019 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.08 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Inflation Protected Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price Inflation Protected Bond Fund was 17.54%, occurring on Dec 12, 2018. Recovery took 500 trading sessions.
The current T. Rowe Price Inflation Protected Bond Fund drawdown is 7.94%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.54% | Dec 7, 2012 | 1514 | Dec 12, 2018 | 500 | Dec 7, 2020 | 2014 |
| -15.79% | Mar 9, 2022 | 395 | Oct 3, 2023 | — | — | — |
| -14.25% | Mar 11, 2008 | 180 | Nov 24, 2008 | 246 | Nov 16, 2009 | 426 |
| -7.71% | Sep 6, 2005 | 161 | Apr 26, 2006 | 342 | Sep 7, 2007 | 503 |
| -7.51% | Jun 16, 2003 | 35 | Aug 5, 2003 | 142 | Feb 27, 2004 | 177 |
Volatility
Volatility Chart
The current T. Rowe Price Inflation Protected Bond Fund volatility is 1.19%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.