T. Rowe Price Short-Term Bond Fund (PRWBX)
| Fund Assets | 4.87B |
| Expense Ratio | 0.47% |
| Min. Investment | $2,500 |
| Turnover | 107.20% |
| Dividend (ttm) | 0.19 |
| Dividend Yield | 4.21% |
| Dividend Growth | 1.83% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2026 |
| Previous Close | 4.620 |
| YTD Return | -0.22% |
| 1-Year Return | 4.27% |
| 5-Year Return | 8.99% |
| 52-Week Low | 4.600 |
| 52-Week High | 4.660 |
| Beta (5Y) | n/a |
| Holdings | 952 |
| Inception Date | Mar 2, 1984 |
About PRWBX
T. Rowe Price Short-Term Bond Fund is an actively managed mutual fund focused on generating a high level of income while aiming to keep principal fluctuations minimal and maintain liquidity. It invests predominantly in investment-grade, short- to intermediate‑term debt, including corporate bonds, U.S. government securities, and asset- and mortgage‑backed securities, with flexibility to allocate to bank obligations and select foreign issues. The portfolio typically holds at least 80% in bonds and maintains an average effective maturity that normally does not exceed three years, positioning it in the short-term bond category. The fund’s profile emphasizes moderate credit quality and limited interest rate sensitivity, reflected in an effective duration under two years. It distributes income monthly and has a long operating history since 1984 under T. Rowe Price’s fixed income platform. Within the market, it serves as a core short-duration option for investors seeking diversified investment‑grade exposure and income generation with a conservative risk posture relative to longer‑duration bond strategies.
Performance
PRWBX had a total return of 4.27% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.25%.
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 Bond Fund - Class M | 0.51% |
| FBNAX | Fidelity | Fidelity Advisor Short-Term Bond Fund - Class A | 0.50% |
| FBNIX | Fidelity | Fidelity Advisor Short-Term Bond Fund - Class I | 0.30% |
| FANCX | Fidelity | Fidelity Advisor Short-Term Bond Fund - Class C | 1.36% |
| FIKTX | Fidelity | Fidelity Advisor Short-Term Bond Fund - Class Z | 0.25% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 27, 2026 | $0.01452 | Feb 27, 2026 |
| Jan 30, 2026 | $0.01568 | Jan 30, 2026 |
| Dec 31, 2025 | $0.01724 | Dec 31, 2025 |
| Nov 28, 2025 | $0.01466 | Nov 28, 2025 |
| Oct 31, 2025 | $0.01797 | Oct 31, 2025 |
| Sep 30, 2025 | $0.01542 | Sep 30, 2025 |