TIIPX

About TIIPX

T. Rowe Price Inflation Protected Bond Fund I Class is an institutional mutual fund that primarily invests in inflation-protected debt securities, aiming to provide both inflation protection and consistent income. The fund typically allocates at least 80% of its net assets to inflation-protected bonds, with a significant focus on U.S. Treasury Inflation-Protected Securities (TIPS), though it can also include comparable securities issued by U.S. government agencies and corporations, all of which must be investment grade. A smaller portion of the portfolio may be invested in other high-quality fixed-income securities or preferred stock. The fund is managed by T. Rowe Price's experienced fixed-income team, and its performance is benchmarked against the Bloomberg US TIPS Index. With a weighted average maturity of approximately 7.4 years and an effective duration near 6.8 years, it offers moderate interest rate sensitivity alongside its inflation-linked features. The fund plays a key role in institutional portfolios seeking to hedge against inflation while maintaining exposure to high-quality, government-backed debt instruments, illustrating its importance within the broader market for inflation-sensitive fixed income solutions.