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Morningstar

T. Rowe Price Short-Term Bond I TBSIX

Morningstar Medalist Rating
Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 4.54  /  +0.23 %
  • Total Assets 4.7 Bil
  • Adj. Expense Ratio
    0.330%
  • Expense Ratio 0.330%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 500,000
  • Status Open
  • TTM Yield 3.51%
  • Effective Duration 1.86 years

USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 10:18 PM GMT+0

Morningstar’s Analysis TBSIX

Will TBSIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TBSIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the TBSIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of TBSIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A solid short-term bond option but room for improvement.

Senior Analyst Paul Olmsted

Paul Olmsted

Senior Analyst

Summary

T. Rowe Price Short-Tem Bond’s conservative mandate is reliable but doesn’t distinguish itself from short-term rivals. They’re not standing pat though, with a newly named securitized-focused comanager and greater emphasis on rates strategies.

by Paul Olmsted
Rated on Published on

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Portfolio Holdings TBSIX

More TBSIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 20.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 4.25%

5.40 252.2 Mil
Government

United States Treasury Notes 4.625%

4.99 233.1 Mil
Government

T. Rowe Price Gov. Reserve

3.16 147.5 Mil
Cash and Equivalents

United States Treasury Notes 4.875%

2.54 118.8 Mil
Government

United States Treasury Notes 4.5%

2.49 116.5 Mil
Government

United States Treasury Notes 4.25%

2.26 105.8 Mil
Government

United States Treasury Notes 4%

1.20 56.3 Mil
Government

Charter Communications Operating, LLC/Charter Communications Operating Capi

0.58 27.1 Mil
Corporate

Fnma Pass-Thru I 6%

0.52 24.5 Mil
Securitized

United States Treasury Notes 2.375%

0.50 23.2 Mil
Government