TBSIX: T. Rowe Price Short-Term Bond I

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TBSIX T. Rowe Price Short-Term Bond I


Profile

TBSIX - Profile

Vitals

  • YTD Return 1.7%
  • 3 Yr Annualized Return 0.6%
  • 5 Yr Annualized Return N/A
  • Net Assets $5.42 B
  • Holdings in Top 10 9.9%

52 WEEK LOW AND HIGH

$4.81
$4.55
$4.81

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.35%

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) $1,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 1.7%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.52%
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 17, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • 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.


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Categories

Fund Company Quick Screens

TBSIX - Fund Company Quick Screens


Performance

TBSIX - Performance

Return Ranking - Trailing

Period TBSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -31.7% 956.2% 47.33%
1 Yr 1.9% -28.3% 969.8% 48.52%
3 Yr 0.6%* -9.7% 121.3% 65.87%
5 Yr N/A* -8.0% 61.0% 23.83%
10 Yr N/A* -5.0% 3.6% 31.06%

* Annualized

Return Ranking - Calendar

Period TBSIX Return Category Return Low Category Return High Rank in Category (%)
2019 1.5% -1.7% 20.3% 91.47%
2018 -0.9% -24.9% 0.8% 13.42%
2017 -0.2% -6.0% 17.1% 88.40%
2016 0.2% -14.9% 15.0% 36.05%
2015 N/A -18.3% 3.0% N/A

Total Return Ranking - Trailing

Period TBSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -31.7% 956.2% 47.33%
1 Yr 1.9% -28.3% 969.8% 48.52%
3 Yr 0.6%* -9.0% 121.3% 70.43%
5 Yr N/A* -7.8% 61.0% 28.42%
10 Yr N/A* -5.0% 6.8% 38.31%

* Annualized

Total Return Ranking - Calendar

Period TBSIX Return Category Return Low Category Return High Rank in Category (%)
2019 1.5% -1.7% 20.3% 91.72%
2018 -0.9% -24.9% 3.1% 20.53%
2017 -0.2% -6.0% 27.0% 90.21%
2016 0.2% -14.8% 15.0% 42.54%
2015 N/A -12.6% 4.2% N/A

NAV & Total Return History


Holdings

TBSIX - Holdings

Concentration Analysis

TBSIX Category Low Category High TBSIX % Rank
Net Assets 5.42 B 622 K 277 B 14.03%
Number of Holdings 960 1 18073 17.03%
Net Assets in Top 10 498 M -587 M 21.3 B 18.18%
Weighting of Top 10 9.87% 2.3% 100.0% 86.66%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High TBSIX % Rank
Bonds
94.45% 71.08% 169.81% 66.95%
Cash
3.59% -72.40% 27.48% 36.54%
Convertible Bonds
1.96% 0.00% 10.07% 12.36%
Stocks
0.00% -0.93% 19.79% 59.37%
Preferred Stocks
0.00% -0.14% 8.39% 62.83%
Other
0.00% -27.60% 28.63% 56.89%

Bond Sector Breakdown

Weighting Return Low Return High TBSIX % Rank
Corporate
50.16% 0.00% 99.89% 12.18%
Securitized
38.44% 0.00% 97.63% 16.37%
Government
7.82% -2.21% 100.00% 44.08%
Cash & Equivalents
3.59% -26.49% 41.51% 41.78%
Derivative
0.00% -0.83% 24.19% 60.80%
Municipal
0.00% 0.00% 100.11% 89.42%

Bond Geographic Breakdown

Weighting Return Low Return High TBSIX % Rank
US
77.53% 58.40% 150.78% 90.47%
Non US
16.92% -52.35% 33.81% 4.75%

Expenses

TBSIX - Expenses

Operational Fees

TBSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.35% 0.01% 34.57% 92.69%
Management Fee 0.34% 0.00% 1.50% 34.75%
12b-1 Fee N/A 0.00% 1.00% 19.99%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

TBSIX 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

TBSIX 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.

TBSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 52.70% 0.00% 496.90% 57.37%

Distributions

TBSIX - Distributions

Dividend Yield Analysis

TBSIX Category Low Category High TBSIX % Rank
Dividend Yield 0.00% 0.00% 5.95% 59.48%

Dividend Distribution Analysis

TBSIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

TBSIX Category Low Category High TBSIX % Rank
Net Income Ratio 2.52% -0.81% 6.02% 49.68%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

TBSIX - Fund Manager Analysis

Managers

Michael Reinartz


Start Date

Tenure

Tenure Rank

Jan 22, 2015

5.44

5.4%

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
0.14 33.6 7.53 0.5