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T. Rowe Price Short-Term Bond Fund (PRWBX)

Net Asset Value
1 Day
Overall Morningstar Rating
Short-term bond
Style or Category
No Load
Sales Expenses
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks a high level of income consistent with minimal fluctuation in principal value and liquidity. The fund will invest in a diversified portfolio of short- and intermediate-term investment-grade corporate- government- and mortgage-backed securities. It may also invest in money market securities- bank obligations- collateralized mortgage obligations- and foreign securities- including securities of issuers in emerging markets. The fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in bonds. Its average effective maturity will normally not exceed three years.


1 month-0.06% 3 years+1.00%
3 months+0.24% 5 years+0.93%
1 year+0.89% Since inception+5.02%
Data through --

Peer Comparisonvs. Short-term bond

Performance 5-yr return+0.93%+1.17%
Expense ratio0.46%0.77%
Risk 5 year sharpe ratio0.920.82
Net assets$4.9B$2.3B
Average market cap--$43.8B
Average P/E--21.2
Portfolio turnover49%49%

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Fund Management and Purchase Info

Fund familyT. Rowe Price
Fund manager & tenureMichael Reinartz / 2 Years
Minimal initial investment$2,500.00
Minimum IRA investment$1,000.00


Fixed income93.39%
U.S. stock0.00%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- 3.34%
-- 1.97%
-- 1.66%
-- 1.06%
-- 0.98%
-- 0.98%
-- 0.84%
-- 0.71%
-- 0.69%
-- 0.69%