T. Rowe Price U.S. Limited Duration TIPS Index Fund
T. ROWE PRICE INDEX TRUST, INC. · 3 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
T. Rowe Price U.S. Limited Duration TIPS Index Fund is a U.S. bond index fund that tracks the Bloomberg U.S. 1-5 Year Treasury TIPS Index.
- Asset class
- Bonds
- Region
- United States
- Management
- Index (passive)
- Fund type
- Open-end fund
- Rate sensitivity
- Short duration
Fund profile
As filed in the prospectus · 2025 Q3
The fund seeks income by investing in inflation-linked securities.
The fund tracks the Bloomberg U.S. 1-5 Year Treasury TIPS Index by holding Treasury Inflation Protected Securities and related inflation-linked securities with maturities between one and five years, adjusting positions using quantitative models to seek modest outperformance. The adviser may overweight or underweight specific securities and sectors relative to the Index and make tactical adjustments to duration, inflation exposure, and yield curve positioning, which could cause the fund's returns to diverge from the Index. The fund uses interest rate and inflation-linked derivatives to manage duration and inflation risk.
Portfolio turnover 44.00% · as of 2025 Q3
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 99.45% |
| Cash & short-term | 0.48% |
| Derivatives | -0.01% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
New: TIPS, UXYU6 US 10YR ULTRA FUT SEP26
Exited: FVM6 US 5YR NOTE (CBT) JUN26, UXYM6 US 10YR ULTRA FUT JUN26, TUM6 US 2YR NOTE (CBT) JUN26
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +3.90% | +14.77% | +14.77% | 1.83% | -1.50% | |
| +3.81% | +14.06% | +13.62% | 1.77% | -1.50% | |
| +3.89% | +14.42% | +14.17% | 1.76% | -1.50% |
These classes hold the same portfolio, so the 1.15pp spread over 5 years is the cost difference between them — roughly 0.23pp a year — not a difference in what they own.
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 1.3% |
| 1-3y | 53.3% |
| 3-5y | 45.3% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
This fund filed the credit-spread disclosure and reported no sensitivity — measured, and the answer is none.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 100% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.00 yr | 0% |
| 1 yr | 1.16 yr | 41% |
| 5 yr | 1.65 yr | 59% |
10 yr is NEGATIVE (-0.05 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 1 yr | +1.16 | +0.00 | +0.00 | $0 | $0 |
| 5 yr | +1.65 | +0.00 | +0.00 | $0 | $0 |
| 10 yr | -0.05 | +0.00 | +0.00 | $0 | $0 |
| 30 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | TIPS2.13% · due 2029-04-15 | 11.23% | $300.47M | — |
| — | TSY INFL IX N/B1.63% · due 2030-04-15 | 10.04% | $268.61M | — |
| — | TIPS1.63% · due 2027-10-15 | 8.88% | $237.67M | — |
| — | TIPS2.38% · due 2028-10-15 | 7.96% | $213.08M | — |
| — | TSY INFL IX N/B1.13% · due 2030-10-15 | 7.50% | $200.80M | — |
| — | TIPS1.63% · due 2029-10-15 | 6.35% | $170.01M | — |
| — | TIPS1.25% · due 2028-04-15 | 5.80% | $155.29M | — |
| — | TIPS0.13% · due 2030-07-15 | 5.78% | $154.72M | — |
| — | TIPS0.13% · due 2031-01-15 | 4.95% | $132.56M | — |
| — | TIPS0.25% · due 2029-07-15 | 4.80% | $128.47M | — |
Top 10 positions are 73.29% of net assets, top 25 99.93%, across 4 issuers.
See more of this fund's book
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