PRTXX
Just opened TRP brokerage account, and afterwards, I saw that PRTXX is the sweep account. Morningstar never heard of it. "No results." Is this one of those funds
@TheShadow alerted us about, recently? Something was being done..... Then a follow-up informed us that the TRP funds that were being monkeyed with were funds that are already closed, and somehow connected to ANNUITIES. As I recall, there were TWO funds undergoing whatever those changes were about. PRTXX =
U.S. Treasury Money. That's how TRP has labeled it.
Bloomberg and MarketWatch both DO recognize it. So, maybe it IS
real, after all. This is disconcerting.
...Found that item:
https://www.sec.gov/Archives/edgar/data/920467/000174177321000689/c497.htm497 1 c497.htm
T. Rowe Price Government Money Portfolio
Supplement to Prospectus and Summary Prospectus Dated May 1, 2020
At a Board meeting held on March 9, 2021, the fund’s Board of Directors approved the liquidation and dissolution of the fund. The liquidation is expected to occur on May 6, 2022 (“Liquidation Date”). Prior to the Liquidation Date, the assets of the fund will be liquidated at the discretion of the fund’s portfolio management and the fund will cease to pursue its investment objective. In anticipation of the liquidation, effective May 3, 2021, the fund will be closed to new insurance providers. At any time prior to the termination, we welcome you to exchange your shares of the fund for the same class of shares of another T. Rowe Price fund. After the fund is liquidated, the fund will no longer be offered to shareholders for purchase.
The date of this supplement is March 16, 2021.
E306-041 3/16/21
...So, am I to understand that THIS fund, which is being monkeyed with, is NOT the same as PRTXX?
Comments
Not to be confused with PRRXX, Government Money Fund.
"The fund is only available as an investment option for variable annuity and variable life insurance contracts."
https://www.troweprice.com/literature/public/country/us/language/en/literature-type/prospectus/sub-type/vip?productCode=PRP¤cy=USD
http://globaldocuments.morningstar.com/documentlibrary/dochistory.aspx?investmentId=FMUSA0006E&investmenttype=1###
That's actually a nice link to hold onto.
If you try clicking on the "filings" link from the legacy M* pages, e.g. VFINX's legacy performance page, you get nothing. But the link above will get you to M*'s copies of SEC filings, so you don't have to go to the SEC site.
Wifey and I have been with TRP for a couple of decades. I have a brokerage account and have NEVER had a problem and I play junior Canadian silver mining penny stocks.
and so it goes
peace and wear the damn mask,
rono
Though if you want to trade online directly on TSX at Fidelity it will cost you Can$19 plus a currency exchange fee (1% or less depending on amount).
See pp. 3-4 of Fidelity's Fee Schedule
https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/Brokerage_Commissions_Fee_Schedule.pdf