T. Rowe Price Short-Term Bond is an affordable strategy that benefits from access to the firm's extensive fixed-income resources. The team demonstrates disciplined portfolio management, but it does not stand out from the herd resulting in a Bronze Morningstar Analyst Rating for its institutional share class and a Neutral rating for its more expensive share classes.
T. Rowe Price Short-Term Bond PRWBX
NAV / 1-Day Return
4.85
/
0.01
%
Total Assets
6.0 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.440%
Expense Ratio
0.440%
Fee Level
Below Average
Longest Manager Tenure
6.12
years
Category
Short-Term Bond
Credit Quality / Interest Rate Sensitivity
Medium / LimitedMin. Initial Investment
2,500
Status
Open
TTM Yield
1.76%
Effective Duration
1.75
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will PRWBX 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 PRWBX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the PRWBX 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 PRWBX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Disciplined asset allocation, but it doesn’t separate itself from the average short-term bond fund.
