We study the distortion-rate tradeoff D * (K) of a source uniformly distributed over a manifold comprising of positive semi-definite matrices -over both real and complex fields -under a trace constraint. This models the impact exercised by limited-rate feedback on the information transfer of optimal 'input covariance matrices' to a transmitter from a channel-aware receiver in a multiple-input mulitple-output (MIMO) system. Utilizing the volume of a geodesic ball in the manifold, D * (K) is bounded between asymptotically tight lower and upper limits obtained via sphere-packing and random coding arguments, respectively.