T. Rowe Price Short-Term Bond Advisor (PASHX)

Fund Assets	5.32B
Expense Ratio	0.82%
Min. Investment	$2,500
Turnover	110.90%
Dividend (ttm)	0.18
Dividend Yield	3.88%
Dividend Growth	-1.37%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	4.560
YTD Return	-0.52%
1-Year Return	0.46%
5-Year Return	6.93%
52-Week Low	4.550
52-Week High	4.670
Beta (5Y)	0.06
Holdings	1040
Inception Date	Dec 31, 2004

About PASHX

T. Rowe Price Short-Term Bond Fund Advisor Class is an actively managed mutual fund focused on generating a high level of income while seeking limited principal volatility and ample liquidity. The portfolio primarily invests in investment‑grade debt across short‑ and intermediate‑term corporate, U.S. government, and securitized markets, including asset‑backed and mortgage‑backed securities. According to its stated strategy, the fund normally keeps at least 80% of assets in bonds and targets an average effective maturity not exceeding three years, positioning it within the short‑term bond category and emphasizing interest‑rate risk control. The fund’s design aims to provide a conservative fixed income core holding for investors looking to dampen overall portfolio duration and credit risk relative to broader bond markets. It has an established share class history and a published total expense ratio framework for the Advisor Class. Within the market, T. Rowe Price Short-Term Bond Fund Advisor Class serves as a tool for liquidity-aware allocation, cash segmentation, and diversification, benefiting from the firm’s credit research and sector rotation across high-quality short-duration opportunities.

• Fund Family: T. Rowe Price
• Category: Short-Term Bond
• Performance Rating: Below Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: PASHX
• Share Class: T. Rowe Price Short-term Bond Fund-advisor Class
• Index: Bloomberg 1-3 Y Government/Credit TR

Performance

PASHX had a total return of 0.46% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.09%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FBNTX	Fidelity	Fidelity Advisor Short-Term Bd M	0.51%
FBNAX	Fidelity	Fidelity Advisor Short-Term Bd A	0.50%
FBNIX	Fidelity	Fidelity Advisor Short-Term Bd I	0.30%
FANCX	Fidelity	Fidelity Advisor Short-Term Bd C	1.36%
FIKTX	Fidelity	Fidelity Advisor Short-Term Bond Z	0.25%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
TRZOX	T. Rowe Price Short-term Bond Fund-z Class	n/a
TBSIX	T. Rowe Price Short-term Bond Fund-i Class	0.33%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.01448	Sep 30, 2026
Aug 31, 2026	$0.01425	Aug 31, 2026
Jul 31, 2026	$0.0162	Jul 31, 2026
Jun 30, 2026	$0.01441	Jun 30, 2026
May 29, 2026	$0.0149	May 29, 2026
Apr 30, 2026	$0.01414	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 4, 2026

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