PRWBX: T. Rowe Price Short-Term Bond

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PRWBX T. Rowe Price Short-Term Bond


Profile

PRWBX - Profile

Vitals

  • YTD Return 0.4%
  • 3 Yr Annualized Return 0.2%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $5.57 B
  • Holdings in Top 10 14.0%

52 WEEK LOW AND HIGH

$4.75
$4.66
$4.75

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.44%

SALES FEES

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

BROKERAGE FEES

  • Turnover 52.70%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification


Distributions

  • YTD Total Return 0.4%
  • 3 Yr Annualized Total Return 0.2%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.42%
DIVIDENDS
  • Dividend Yield 1.1%
  • 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
    Michael Reinartz

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Categories

Fund Company Quick Screens

PRWBX - Fund Company Quick Screens


Performance

PRWBX - Performance

Return Ranking - Trailing

Period PRWBX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -1.4% 6.6% 86.08%
1 Yr 1.9% -1.4% 86.3% 85.25%
3 Yr 0.2%* -2.6% 23.0% 88.16%
5 Yr 0.0%* -14.5% 12.5% 74.06%
10 Yr -0.2%* -8.5% 6.7% 91.99%

* Annualized

Return Ranking - Calendar

Period PRWBX Return Category Return Low Category Return High Rank in Category (%)
2019 1.7% -1.7% 83.9% 87.45%
2018 -0.9% -11.7% 4.6% 13.87%
2017 -0.4% -4.4% 8.3% 91.96%
2016 0.0% -58.1% 7.7% 40.66%
2015 -0.8% -18.3% 3.0% 46.73%

Total Return Ranking - Trailing

Period PRWBX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -1.4% 6.6% 86.08%
1 Yr 1.9% -1.4% 86.3% 85.43%
3 Yr 0.2%* -2.6% 23.0% 90.16%
5 Yr 0.0%* -14.5% 12.5% 79.53%
10 Yr -0.2%* -8.5% 7.1% 95.29%

* Annualized

Total Return Ranking - Calendar

Period PRWBX Return Category Return Low Category Return High Rank in Category (%)
2019 1.7% -1.7% 83.9% 87.56%
2018 -0.9% -11.7% 6.5% 20.57%
2017 -0.4% -4.4% 10.4% 93.07%
2016 0.0% -58.1% 10.7% 45.92%
2015 -0.8% -14.6% 4.2% 53.71%

NAV & Total Return History


Holdings

PRWBX - Holdings

Concentration Analysis

PRWBX Category Low Category High PRWBX % Rank
Net Assets 5.57 B 690 K 259 B 13.37%
Number of Holdings 908 1 17590 16.45%
Net Assets in Top 10 775 M -216 M 23.5 B 13.94%
Weighting of Top 10 13.96% 2.3% 144.8% 73.05%

Top 10 Holdings

  1. United States Treasury Notes 2.62% 1.95%
  2. United States Treasury Notes 2.5% 1.90%
  3. United States Treasury Notes 1.5% 1.73%
  4. United States Treasury Notes 2.38% 1.40%
  5. United States Treasury Notes 1.62% 1.38%
  6. United States Treasury Notes 2.12% 1.31%
  7. United States Treasury Notes 1.75% 1.22%
  8. United States Treasury Notes 1.75% 1.10%
  9. United States Treasury Notes 1.38% 0.98%
  10. United States Treasury Notes 2.25% 0.98%

Asset Allocation

Weighting Return Low Return High PRWBX % Rank
Bonds
91.17% 80.02% 160.64% 88.60%
Cash
7.42% -60.64% 19.63% 10.57%
Convertible Bonds
1.41% 0.00% 6.13% 13.26%
Stocks
0.00% -0.98% 26.05% 54.01%
Preferred Stocks
0.00% 0.00% 7.43% 58.46%
Other
0.00% -8.60% 31.85% 56.38%

Bond Sector Breakdown

Weighting Return Low Return High PRWBX % Rank
Corporate
42.76% 0.00% 99.29% 13.66%
Securitized
32.68% 0.00% 98.40% 24.66%
Government
17.14% -2.21% 122.41% 37.38%
Cash & Equivalents
7.42% -29.57% 21.18% 10.86%
Derivative
0.00% -0.83% 20.88% 56.70%
Municipal
0.00% 0.00% 100.11% 88.85%

Bond Geographic Breakdown

Weighting Return Low Return High PRWBX % Rank
US
76.03% 58.28% 160.64% 95.02%
Non US
15.14% -12.34% 26.76% 8.06%

Expenses

PRWBX - Expenses

Operational Fees

PRWBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.44% 0.01% 4.78% 86.49%
Management Fee 0.34% 0.00% 1.10% 33.66%
12b-1 Fee N/A 0.00% 1.00% 20.05%
Administrative Fee 0.15% 0.00% 0.50% 77.30%

Sales Fees

PRWBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

PRWBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

PRWBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 52.70% 0.00% 1434.00% 55.43%

Distributions

PRWBX - Distributions

Dividend Yield Analysis

PRWBX Category Low Category High PRWBX % Rank
Dividend Yield 1.07% 0.00% 3.49% 13.27%

Dividend Distribution Analysis

PRWBX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PRWBX Category Low Category High PRWBX % Rank
Net Income Ratio 2.42% 0.00% 6.30% 60.07%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PRWBX - Fund Manager Analysis

Managers

Michael Reinartz


Start Date

Tenure

Tenure Rank

Jan 22, 2015

5.03

5.0%

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
0.02 33.19 7.45 0.08