T. Rowe Price Short-Term Bond I (TBSIX)
| Fund Assets | 4.64B |
| Expense Ratio | 0.34% |
| Min. Investment | $2,500 |
| Turnover | 107.20% |
| Dividend (ttm) | 0.20 |
| Dividend Yield | 4.28% |
| Dividend Growth | 8.66% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 4.660 |
| YTD Return | 2.04% |
| 1-Year Return | 2.37% |
| 5-Year Return | 7.47% |
| 52-Week Low | 4.590 |
| 52-Week High | 4.660 |
| Beta (5Y) | n/a |
| Holdings | 934 |
| Inception Date | Dec 17, 2015 |
About TBSIX
T. Rowe Price Short-Term Bond Fund I Class is an institutional share class mutual fund focused on high-quality, short-duration fixed income. Its primary objective is to deliver a high level of income while seeking minimal fluctuation in principal and maintaining liquidity, implemented through a diversified mix of short- and intermediate-term investment-grade corporate, government, and mortgage-backed securities. The portfolio typically keeps its average effective maturity at three years or less and an effective duration around two years, helping limit interest rate sensitivity relative to longer-maturity strategies. The fund tracks its results against the Bloomberg 1–3 Year U.S. Government/Credit Index and normally invests at least 80% of net assets in bonds. It features an expense ratio of approximately 0.34% for the I Class and is positioned within the short-term bond category, emphasizing disciplined risk management and broad sector exposure across Treasuries, agencies, corporates, and securitized credit. With hundreds of issuers and active management, it serves as a core short-duration allocation for institutions seeking income stability and diversification within fixed income markets.
Performance
TBSIX had a total return of 2.37% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.10%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
19.90% of assets| Name | Symbol | Weight |
|---|---|---|
| United States Treasury Notes 4.125% | T.4.125 01.31.27 | 7.87% |
| United States Treasury Notes 3.875% | T.3.875 03.31.27 | 3.38% |
| T. Rowe Price Gov. Reserve | TRPGRIA | 1.69% |
| United States Treasury Notes 4.25% | T.4.25 12.31.26 | 1.65% |
| United States Treasury Notes 4.25% | T.4.25 11.30.26 | 1.47% |
| Federal National Mortgage Association 6.5% | FN.MA5273 | 1.18% |
| United States Treasury Notes 4.125% | T.4.125 02.28.27 | 0.87% |
| United States Treasury Notes 3.75% | T.3.75 04.30.27 | 0.75% |
| Federal National Mortgage Association 5% | FN.FS8870 | 0.53% |
| Heineken N.V. 3.5% | HEIANA.3.5 01.29.28 144A | 0.51% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.01791 | Aug 29, 2025 |
| Jul 31, 2025 | $0.01763 | Jul 31, 2025 |
| Jun 30, 2025 | $0.01629 | Jun 30, 2025 |
| May 30, 2025 | $0.01804 | May 30, 2025 |
| Apr 30, 2025 | $0.01665 | Apr 30, 2025 |
| Mar 31, 2025 | $0.01567 | Mar 31, 2025 |