T. Rowe Price Short-Term Bond I (TBSIX)
| Fund Assets | 5.34B |
| Expense Ratio | 0.33% |
| Min. Investment | $2,500 |
| Turnover | 107.20% |
| Dividend (ttm) | 0.20 |
| Dividend Yield | 4.34% |
| Dividend Growth | 0.46% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 4.610 |
| YTD Return | 0.66% |
| 1-Year Return | 3.36% |
| 5-Year Return | 11.06% |
| 52-Week Low | 4.600 |
| 52-Week High | 4.670 |
| Beta (5Y) | 0.06 |
| Holdings | 1023 |
| 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 3.36% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.35%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.0163 | Jun 30, 2026 |
| May 29, 2026 | $0.01681 | May 29, 2026 |
| Apr 30, 2026 | $0.01605 | Apr 30, 2026 |
| Mar 31, 2026 | $0.01617 | Mar 31, 2026 |
| Feb 27, 2026 | $0.01512 | Feb 27, 2026 |
| Jan 30, 2026 | $0.01627 | Jan 30, 2026 |