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PRWBX T. Rowe Price Short-Term Bond

  • Fund
  • PRWBX
  • Price as of: Dec 09, 2016
  • $4.71
  • - $0.01
  • - 0.21%
  • Category
  • Total Bond Market

PRWBX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 0.9%
  • 5 Yr Annualized Return 1.2%
  • Net Assets $5.26 B
  • Holdings in Top 10 8.3%

52 WEEK LOW AND HIGH

$4.71
$4.70
$4.76

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.52%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 44.40%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Short-Term Bond

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.20%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name T. Rowe Price Short-Term Bond Fund
  • Fund Family Name T. Rowe Price
  • Inception Date Mar 02, 1984
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Edward A. Wiese

PRWBX - Performance

Return Ranking - Trailing

Period PRWBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.0% -11.3% 201.5% 50.70% 4
1 Yr 1.4% -12.6% 13.8% 66.75% 4
3 Yr 0.9% * -5.9% 8.2% 74.69% 4
5 Yr 1.2% * -3.1% 13.6% 80.91% 5
10 Yr 2.6% * -2.2% 9.5% 74.69% 4

* Annualized


Return Ranking - Calendar

Period PRWBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.8% -33.0% 3.0% 9.78% 1
2014 -0.8% -9.3% 14.9% 50.09% 4
2013 -1.2% -24.1% 40.4% 18.04% 2
2012 0.8% -100.0% 18.7% 55.26% 4
2011 -0.8% -20.6% 15.5% 46.38% 4

Total Return Ranking - Trailing

Period PRWBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.0% -9.9% 204.3% 58.91% 4
1 Yr 1.4% -12.6% 16.3% 53.35% 3
3 Yr 0.9% * -7.2% 8.2% 67.67% 4
5 Yr 1.2% * -3.9% 13.6% 78.38% 5
10 Yr 2.6% * -2.2% 9.5% 73.88% 4

* Annualized


Total Return Ranking - Calendar

Period PRWBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.8% -32.5% 4.5% 26.70% 2
2014 -0.8% -8.3% 16.8% 66.82% 5
2013 -1.2% -12.9% 58.5% 32.50% 3
2012 0.8% -100.0% 35.2% 68.43% 5
2011 -0.8% -20.7% 18.1% 61.43% 5

NAV & Total Return History

PRWBX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

PRWBX Category Low Category High PRWBX % Rank Quintile
Net Assets 5.26 B 319 K 176 B 4.48% 1
Number of Holdings 806 1 17569 7.17% 2
Net Assets in Top 10 438 M -36 B 36.7 B 7.38% 2
Weighting of Top 10 8.3% 0.0% 1167.9% 30.16% 5

Top 10 Holdings

  1. US Treasury Note 0.875% 1.11%
  2. US Treasury Note 0.875% 1.02%
  3. FNMA 0.875% 1.01%
  4. US Treasury Note 1.25% 1.01%
  5. Morgan Stanley FRN 0.78%
  6. US Treasury Note 1.625% 0.74%
  7. US Treasury Note 0.875% 0.71%
  8. Ford Credit Flrpln Tr A 2014-4 1.4% 0.65%
  9. Hutchison Whampoa 144A 1.625% 0.63%
  10. Goldman Sachs Grp 6.15% 0.62%

Asset Allocation

Weighting Category Low Category High PRWBX % Rank Quintile
Bonds
92.88% -175.98% 1241.14% 14.95% 3
Cash
7.12% -1141.94% 275.92% 11.80% 2
Other
0.00% -30.13% 98.36% 13.73% 4
Convertible Bonds
0.00% 0.00% 12.73% 5.65% 3
Preferred Stocks
0.00% -0.45% 17.66% 7.53% 4
Stocks
0.00% -3.27% 98.55% 6.00% 3

Bond Sector Breakdown

Weighting Category Low Category High PRWBX % Rank Quintile
Corporate
43.84% 0.00% 221.70% 11.29% 2
Securitized
41.36% 0.00% 105.84% 7.93% 2
Cash & Equivalents
7.12% -1141.94% 416.01% 11.75% 2
Government
6.98% -389.49% 1167.69% 23.25% 4
Municipal
0.21% 0.00% 98.41% 12.82% 3
Derivative
0.00% -513.07% 38.63% 2.39% 2

Bond Geographic Breakdown

Weighting Category Low Category High PRWBX % Rank Quintile
US
78.62% -370.09% 982.00% 16.89% 3
Non US
14.26% -45.82% 351.70% 13.48% 3

PRWBX - Expenses

Operational Fees

PRWBX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.52% 0.00% 42.51% 12.01% 1
Management Fee 0.34% 0.00% 2.15% 3.20% 2
12b-1 Fee 0.00% 0.00% 1.00% 3.02% 1
Administrative Fee 0.15% 0.00% 0.63% 1.66% 4

Sales Fees

PRWBX Fees (% of AUM) Category Low Category High PRWBX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

PRWBX Fees (% of AUM) Category Low Category High PRWBX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PRWBX Fees (% of AUM) Category Low Category High PRWBX Rank Quintile
Turnover 44.40% 0.00% 1856.00% 13.69% 2

PRWBX - Distributions

Dividend Yield Analysis

PRWBX Category Low Category High PRWBX % Rank Quintile
Dividend Yield 0.1% 0.00% 1.30% 29.87% 5

Dividend Distribution Analysis

PRWBX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PRWBX Category Low Category High PRWBX % Rank Quintile
Net Income Ratio 1.20% -1.76% 17.13% 18.12% 4

Capital Gain Distribution Analysis

PRWBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

PRWBX - Managers

Edward A. Wiese

Manager

Start Date

Jan 01, 1995

Tenure

21.93

Tenure Rank

0.3%

Ted Wiese is head of the Fixed Income Division for T. Rowe Price, overseeing fixed income investment management. He is the chairman of the Fixed Income Steering Committee and is a member of the firm's Management Committee. Mr. Wiese also is a portfolio manager in the Fixed Income Division and serves as president and chairman of the Investment Advisory Committees. He is a member of the firm's Finance and Counterparty Risk Committees, as well as a member of the Diversity Advisory Council. Mr. Wiese has started to engage in investment since 1985, all of which have been at T. Rowe Price. He joined the firm in 1984. Mr. Wiese earned a B.A. in geology from Yale University, an M.S. in biotechnology from The Johns Hopkins University, and an M.B.A. in finance from the Tuck School of Business at Dartmouth. He also has earned the Chartered Financial Analyst designation.


Michael F Reinartz

Manager

Start Date

Jan 22, 2015

Tenure

1.86

Tenure Rank

7.8%

Michael Reinartz is a portfolio manager in the Fixed Income Division at T. Rowe Price. He is a member of the U.S. Taxable Low Duration team and co-portfolio manager of the Short-Term Bond Fund and the Limited-Term Bond Portfolio. Mr. Reinartz is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc. Mr. Reinartz has started to engage in investment since 2001, all of which have been at T. Rowe Price. He joined the firm in 1996. Prior to his current position, Mr. Reinartz was a member of the Short-Term Bond, Strategic Income, and Quantitative Research teams and provided portfolio modeling and analysis support to portfolio managers. He also worked as a senior mutual fund accountant and investment liaison in the Fixed Income Division. Mr. Reinartz earned a B.S. in accounting from Towson University, and he also has earned the Chartered Financial Analyst designation


Tenure Analysis

Category Low

0.0

Category High

27.9

Category Average

6.12

Category Mode

1.9