T. Rowe Price U.S. Limited Duration TIPS Index Fund
U.S. bond index fund · tracks Bloomberg U.S. 1-5 Year Treasury TIPS Index
As of its 2026 Q2 report, T. Rowe Price U.S. Limited Duration TIPS Index Fund held 23 positions with $2.68B in net assets. Its ten largest holdings made up 73.3% of the fund. Over the 12 months to May 2026, TLDZX returned 4.4%, with dividends reinvested. In 2026 Q2 it added 2 new positions and exited 3.
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.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
TIPS 2.13% · due 2029-04-15 | 11.23% | $300.47M | — |
TSY INFL IX N/B 1.63% · due 2030-04-15 | 10.04% | $268.61M | — |
TIPS 1.63% · due 2027-10-15 | 8.88% | $237.67M | — |
TIPS 2.38% · due 2028-10-15 | 7.96% | $213.08M | — |
TSY INFL IX N/B 1.13% · due 2030-10-15 | 7.50% | $200.80M | — |
TIPS 1.63% · due 2029-10-15 | 6.35% | $170.01M | — |
TIPS 1.25% · due 2028-04-15 | 5.80% | $155.29M | — |
TIPS 0.13% · due 2030-07-15 | 5.78% | $154.72M | — |
TIPS 0.13% · due 2031-01-15 | 4.95% | $132.56M | — |
TIPS 0.25% · due 2029-07-15 | 4.80% | $128.47M | — |
All 23 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| 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.
How it has done
TLDZX share class · total returns with dividends reinvested
Volatility over the last 12 months: 1.65%. Past returns are a record, not a forecast.
The 3 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| — | +4.42% | +16.05% | +14.04% | -0.67% | |
| — | +4.23% | +15.31% | +12.88% | -0.69% | |
| — | +4.31% | +15.68% | +13.43% | -0.68% |
These classes hold the same portfolio, so the 1.16pp spread over 5 years is the cost difference between them — roughly 0.23pp a year — not a difference in what they own.
Fees & fund details
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
- Portfolio turnover
- 44.00% a year · as of 2025 Q3
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
2 new
3 exited
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.
Understand how this fund fits with the rest.
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