T. Rowe Price U.S. Treasury Long Term Index Fund (PRULX)
The fund seeks to track the investment returns of its benchmark index, the Bloomberg U.S. Long Treasury Bond Index. It invests at least 80% of its net assets in securities that are held in its benchmark index and at least 80% of its net assets in U.S. Treasury securities, which are backed by the full faith and credit of the U.S. government. The index is an index consisting of U.S. dollar-denominated, fixed rate nominal debt issued by the U.S. Treasury with maturities of 10 years or more.
Fund Info
US77957T2069
77957T206
Sep 28, 1989
$2,500
Expense Ratio
PRULX has an expense ratio of 0.29%, placing it in 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 U.S. Treasury Long Term Index 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 U.S. Treasury Long Term Index Fund (PRULX) returned 1.53% year-to-date (YTD) and 3.40% over the past 12 months. Over the past 10 years, PRULX returned -3.49% annually, underperforming the S&P 500 benchmark at 10.61%.
PRULX
1.53%
-3.51%
-0.74%
3.40%
-12.39%
-3.49%
^GSPC (Benchmark)
-3.31%
5.38%
-0.74%
10.90%
14.93%
10.61%
Monthly Returns
The table below presents the monthly returns of PRULX, 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 | 0.35% | 5.24% | -0.90% | -1.49% | -1.52% | 1.53% | |||||||
| 2024 | -2.26% | -2.32% | 1.12% | -5.92% | 2.76% | 1.68% | 3.59% | 2.04% | 1.96% | -5.30% | 1.95% | -5.39% | -6.58% |
| 2023 | 6.77% | -4.59% | 4.14% | 0.48% | -2.94% | -0.09% | -2.21% | -2.88% | -7.27% | -4.92% | 8.97% | 8.55% | 2.40% |
| 2022 | -3.81% | -1.48% | -5.38% | -9.14% | -2.03% | -1.53% | 2.64% | -4.63% | -8.02% | -5.44% | 6.92% | -2.17% | -30.00% |
| 2021 | -3.56% | -5.68% | -4.69% | 2.29% | 0.05% | 3.95% | 3.55% | -0.20% | -2.91% | 1.90% | 2.55% | -2.01% | -5.24% |
| 2020 | 7.25% | 6.60% | 6.22% | 1.82% | -1.85% | 0.33% | 4.23% | -4.87% | 0.78% | -3.25% | 1.54% | -16.46% | -0.15% |
| 2019 | 0.47% | -1.27% | 5.44% | -1.99% | 6.76% | 1.02% | 0.13% | 10.77% | -2.68% | -1.00% | -0.46% | -9.26% | 6.71% |
| 2018 | -3.23% | -2.80% | 2.65% | -1.99% | 1.79% | 0.64% | -1.34% | 1.24% | -2.75% | -2.89% | 1.74% | 5.48% | -1.87% |
| 2017 | 0.60% | 1.50% | -0.64% | 1.43% | 1.74% | 0.69% | -0.67% | 3.25% | -2.17% | -0.10% | 0.69% | 1.72% | 8.22% |
| 2016 | 4.95% | 2.83% | -0.02% | -0.54% | 0.66% | 6.36% | 2.01% | -1.05% | -1.35% | -4.20% | -7.78% | -2.33% | -1.29% |
| 2015 | 8.48% | -5.41% | 0.89% | -2.95% | -2.22% | -3.60% | 4.06% | -0.71% | 1.74% | -0.32% | -0.80% | -2.78% | -4.30% |
| 2014 | 6.13% | 0.56% | 0.52% | 1.85% | 2.66% | -0.24% | 0.57% | 4.02% | -2.04% | 2.45% | 2.84% | 2.17% | 23.44% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PRULX is 34, 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 U.S. Treasury Long Term Index Fund (PRULX) 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 U.S. Treasury Long Term Index Fund provided a 3.60% dividend yield over the last twelve months, with an annual payout of $0.26 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.26 | $0.28 | $0.26 | $0.22 | $0.20 | $0.25 | $0.32 | $0.32 | $0.32 | $0.32 | $0.32 | $0.35 |
Dividend yield | 3.60% | 3.90% | 3.33% | 2.78% | 1.70% | 1.98% | 2.50% | 2.62% | 2.47% | 2.60% | 2.55% | 2.60% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price U.S. Treasury Long Term Index 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 | $0.02 | $0.02 | $0.02 | $0.00 | $0.00 | $0.07 | |||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2022 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2021 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2019 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2018 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2017 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2016 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
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 U.S. Treasury Long Term Index 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 U.S. Treasury Long Term Index Fund was 55.56%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current T. Rowe Price U.S. Treasury Long Term Index Fund drawdown is 49.53%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -55.56% | Aug 5, 2020 | 808 | Oct 19, 2023 | — | — | — |
| -20.87% | Jul 26, 2012 | 360 | Dec 31, 2013 | 254 | Jan 5, 2015 | 614 |
| -18.89% | Dec 19, 2008 | 257 | Dec 28, 2009 | 408 | Aug 10, 2011 | 665 |
| -18.77% | Jul 11, 2016 | 111 | Dec 14, 2016 | 661 | Aug 2, 2019 | 772 |
| -14.67% | Oct 6, 1998 | 332 | Jan 12, 2000 | 223 | Nov 30, 2000 | 555 |
Volatility
Volatility Chart
The current T. Rowe Price U.S. Treasury Long Term Index Fund volatility is 5.28%, 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.