PRKIX

About PRKIX

T. Rowe Price U.S. Treasury Intermediate Index Fund I Class is a mutual fund designed to provide investment results that closely correspond to the performance of the Bloomberg U.S. 4-10 Year Treasury Bond Index. The fund primarily invests at least 80% of its assets in U.S. Treasury securities, which are government-backed debt instruments known for their high credit quality and low default risk. It focuses on intermediate-term bonds with maturities ranging from four to ten years, offering a balance between yield and interest rate sensitivity. The fund is structured to mirror the risk and return characteristics of its benchmark index, making it a tool for investors seeking predictable income with minimal credit risk exposure. It serves a significant role in fixed income portfolios by offering reliable exposure to U.S. government debt, helping investors manage interest rate risk and diversify away from equities and riskier credit issuers. The fund is commonly utilized by those looking for capital preservation, liquidity, and a steady income stream in line with prevailing Treasury yields.