PASHX: T. Rowe Price Short-Term Bond Fund - MutualFunds.com

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T. Rowe Price Short-Term Bond Advisor

PASHX - Snapshot

Vitals

  • YTD Return 2.1%
  • 3 Yr Annualized Return 2.8%
  • 5 Yr Annualized Return 2.1%
  • Net Assets $5.61 B
  • Holdings in Top 10 12.1%

52 WEEK LOW AND HIGH

$4.84
$4.55
$4.84

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.73%

SALES FEES

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

BROKERAGE FEES

  • Turnover 70.20%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Compare PASHX to Popular U.S. Short-Term Bond Duration Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$10.98

0.00%

$66.84 B

2.76%

$0.30

2.33%

0.20%

$10.86

0.00%

$58.80 B

2.10%

$0.23

2.74%

0.15%

$82.90

+0.02%

$58.80 B

2.22%

$1.84

2.84%

0.05%

$4.18

0.00%

$54.74 B

3.63%

$0.15

-0.71%

0.60%

$82.91

+0.06%

$39.12 B

2.81%

$2.33

2.32%

0.05%

PASHX - Profile

Distributions

  • YTD Total Return 2.1%
  • 3 Yr Annualized Total Return 2.8%
  • 5 Yr Annualized Total Return 2.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.06%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    T. Rowe Price Short-Term Bond Fund
  • Fund Family Name
    T. Rowe Price
  • Inception Date
    Dec 31, 2004
  • Shares Outstanding
    N/A
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Reinartz

Fund Description

The fund will invest in a diversified portfolio of short- and intermediate-term investment-grade corporate, government, and asset- 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.


PASHX - Performance

Return Ranking - Trailing

Period PASHX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -8.7% 204.8% 31.21%
1 Yr 4.0% -6.9% 7.9% 32.36%
3 Yr 2.8%* -1.7% 4.7% 48.62%
5 Yr 2.1%* -1.6% 5.6% 67.82%
10 Yr 1.5%* 0.1% 4.3% 78.19%

* Annualized

Return Ranking - Calendar

Period PASHX Return Category Return Low Category Return High Rank in Category (%)
2019 1.9% -2.4% 5.0% 48.57%
2018 -0.9% -50.6% 1.0% 33.33%
2017 -0.4% -1.6% 2.8% 81.78%
2016 0.2% -65.8% 7.1% 51.23%
2015 -1.1% -75.0% 3.0% 51.31%

Total Return Ranking - Trailing

Period PASHX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -8.7% 204.8% 31.21%
1 Yr 4.0% -7.8% 7.9% 28.25%
3 Yr 2.8%* -1.7% 4.7% 42.54%
5 Yr 2.1%* -1.6% 5.6% 61.85%
10 Yr 1.5%* 0.1% 4.3% 75.74%

* Annualized

Total Return Ranking - Calendar

Period PASHX Return Category Return Low Category Return High Rank in Category (%)
2019 1.9% -2.3% 5.0% 51.07%
2018 -0.9% -4.2% 6.5% 41.28%
2017 -0.4% -1.6% 5.9% 82.42%
2016 0.2% -65.2% 10.7% 60.63%
2015 -1.1% -7.0% 3.5% 59.43%

NAV & Total Return History


PASHX - Holdings

Concentration Analysis

PASHX Category Low Category High PASHX % Rank
Net Assets 5.61 B 4.99 M 66.8 B 18.89%
Number of Holdings 994 3 4785 15.74%
Net Assets in Top 10 681 M -168 M 7.26 B 24.87%
Weighting of Top 10 12.13% 2.5% 100.0% 85.32%

Top 10 Holdings

  1. United States Treasury Notes 0.12% 2.75%
  2. United States Treasury Notes 0.12% 1.42%
  3. United States Treasury Notes 1.75% 1.23%
  4. T. Rowe Price Gov. Reserve 1.12%
  5. United States Treasury Notes 1.75% 1.11%
  6. United States Treasury Notes 0.12% 0.98%
  7. United States Treasury Notes 0.12% 0.96%
  8. United States Treasury Notes 1.5% 0.91%
  9. United States Treasury Notes 0.12% 0.90%
  10. United States Treasury Notes 2.5% 0.73%

Asset Allocation

Weighting Return Low Return High PASHX % Rank
Bonds
93.54% 0.00% 174.62% 42.64%
Cash
4.49% -77.67% 100.00% 54.65%
Convertible Bonds
1.97% 0.00% 32.87% 41.29%
Stocks
0.00% 0.00% 7.11% 91.88%
Preferred Stocks
0.00% 0.00% 52.77% 93.74%
Other
0.00% -4.23% 20.06% 88.32%

Bond Sector Breakdown

Weighting Return Low Return High PASHX % Rank
Corporate
47.82% 0.00% 100.00% 35.19%
Securitized
34.74% 0.00% 86.18% 35.19%
Government
12.32% 0.00% 77.61% 59.90%
Cash & Equivalents
4.49% 0.00% 100.00% 65.14%
Municipal
0.63% 0.00% 15.94% 18.61%
Derivative
0.00% 0.00% 37.09% 91.88%

Bond Geographic Breakdown

Weighting Return Low Return High PASHX % Rank
US
75.75% 0.00% 143.57% 71.40%
Non US
17.79% -20.17% 78.67% 27.07%

PASHX - Expenses

Operational Fees

PASHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.73% 0.01% 34.57% 52.35%
Management Fee 0.34% 0.00% 1.19% 49.50%
12b-1 Fee 0.25% 0.00% 1.00% 55.80%
Administrative Fee 0.15% 0.01% 0.50% 79.91%

Sales Fees

PASHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.50% 5.00% N/A

Trading Fees

PASHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

PASHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 70.20% 0.00% 496.37% 54.43%

PASHX - Distributions

Dividend Yield Analysis

PASHX Category Low Category High PASHX % Rank
Dividend Yield 0.00% 0.00% 3.94% 91.61%

Dividend Distribution Analysis

PASHX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

PASHX Category Low Category High PASHX % Rank
Net Income Ratio 2.06% -9.96% 4.42% 70.14%

Capital Gain Distribution Analysis

PASHX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

PASHX - Fund Manager Analysis

Managers

Michael Reinartz


Start Date

Tenure

Tenure Rank

Jan 22, 2015

5.69

5.7%

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 Category High Category Average Category Mode
0.04 27.67 5.98 0.75