TRZWX – T. Rowe Price Ultra Short-Term Bond Z Investment Strategy | Morningstar

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Strategy

The investment seeks a high level of income consistent with minimal fluctuations in principal value and liquidity. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in bonds. Any derivatives that provide exposure to the investment focus suggested by the fund’s name, or to one or more market risk factors associated with the investment focus suggested by the fund’s name, are counted (as applicable) toward compliance with the fund’s 80% investment policy.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
TRBUX	T. Rowe Price Ultra Short-Term Bond Fund	No Load	Open			Dec 3, 2012	$1.77B	0.310%	Below Average	$2,500	$212.79M
TRSTX	T. Rowe Price Ultra Short-Term Bond Fund I Class	Institutional	Open			Jul 6, 2017	$1.33B	0.200%	Low	$500,000	$251.69M
TRZWX	T. Rowe Price Ultra Short-Term Bond Fund Z Class	Institutional	Open		—	Feb 22, 2021	$86,274.00	0.000%	Low	$0	−$16,460.08

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