T. Rowe Price Short-Term Bond I (TBSIX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
4.660
0.00 (0.00%)
Sep 8, 2025, 4:00 PM EDT
Fund Assets4.63B
Expense Ratio0.34%
Min. Investment$2,500
Turnover107.20%
Dividend (ttm)0.20
Dividend Yield4.28%
Dividend Growth8.66%
Payout FrequencyMonthly
Ex-Dividend DateAug 29, 2025
Previous Close4.660
YTD Return2.04%
1-Year Return2.58%
5-Year Return7.47%
52-Week Low4.590
52-Week High4.660
Beta (5Y)n/a
Holdings934
Inception DateDec 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.

Fund Family T. Rowe Price
Category Short-Term Bond
Stock Exchange NASDAQ
Ticker Symbol TBSIX
Share Class T. Rowe Price Short-term Bond Fund-i Class
Index Bloomberg 1-3 Y Government/Credit TR

Performance

TBSIX had a total return of 2.58% 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.

SymbolProviderNameExpense Ratio
FBNTXFidelityFidelity Advisor Short-Term Bd M0.51%
FBNAXFidelityFidelity Advisor Short-Term Bd A0.50%
FBNIXFidelityFidelity Advisor Short-Term Bd I0.30%
FANCXFidelityFidelity Advisor Short-Term Bd C1.36%
FIKTXFidelityFidelity Advisor Short-Term Bond Z0.25%

Other Share Classes

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

SymbolShare ClassExpense Ratio
TRZOXT. Rowe Price Short-term Bond Fund-z Classn/a
PASHXT. Rowe Price Short-term Bond Fund-advisor Class0.79%

Top 10 Holdings

19.90% of assets
NameSymbolWeight
United States Treasury Notes 4.125%T.4.125 01.31.277.87%
United States Treasury Notes 3.875%T.3.875 03.31.273.38%
T. Rowe Price Gov. ReserveTRPGRIA1.69%
United States Treasury Notes 4.25%T.4.25 12.31.261.65%
United States Treasury Notes 4.25%T.4.25 11.30.261.47%
Federal National Mortgage Association 6.5%FN.MA52731.18%
United States Treasury Notes 4.125%T.4.125 02.28.270.87%
United States Treasury Notes 3.75%T.3.75 04.30.270.75%
Federal National Mortgage Association 5%FN.FS88700.53%
Heineken N.V. 3.5%HEIANA.3.5 01.29.28 144A0.51%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Aug 29, 2025$0.01791Aug 29, 2025
Jul 31, 2025$0.01763Jul 31, 2025
Jun 30, 2025$0.01629Jun 30, 2025
May 30, 2025$0.01804May 30, 2025
Apr 30, 2025$0.01665Apr 30, 2025
Mar 31, 2025$0.01567Mar 31, 2025
Full Dividend History