T. Rowe Price Short-Term Bond Z (TRZOX)
| Fund Assets | 4.64B |
| Expense Ratio | n/a |
| Min. Investment | $2,500 |
| Turnover | 107.20% |
| Dividend (ttm) | 0.21 |
| Dividend Yield | 4.62% |
| Dividend Growth | 7.90% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 4.660 |
| YTD Return | 1.86% |
| 1-Year Return | 2.51% |
| 5-Year Return | n/a |
| 52-Week Low | 4.580 |
| 52-Week High | 4.660 |
| Beta (5Y) | n/a |
| Holdings | 918 |
| Inception Date | n/a |
About TRZOX
T. Rowe Price Short-Term Bond Fund Z is an actively managed mutual fund focused on preserving capital and generating income through a diversified portfolio of **short- and intermediate-term investment-grade** securities. The fund invests across U.S. **Treasuries**, **investment-grade corporate bonds**, and **asset- and mortgage-backed securities**, seeking a balance between income and interest rate sensitivity typical of the short-term bond category. Its portfolio is broadly diversified, with hundreds of holdings and notable allocations to U.S. government securities and securitized credit, reflecting a conservative, high-quality orientation. Designed to play a role as a **core short-duration fixed income** holding, it aims to temper volatility while providing regular income distributions on a monthly basis. Backed by T. Rowe Price’s fixed income research platform, the fund serves investors looking to manage duration risk relative to broader bond markets while maintaining liquidity and credit quality standards consistent with investment-grade mandates. Overall, it contributes to portfolio stability and income generation within diversified multi-asset or bond allocations.
Performance
TRZOX had a total return of 2.51% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.67%.
Top 10 Holdings
21.47% of assets| Name | Symbol | Weight |
|---|---|---|
| UNITED STATES TREASURY NOTE/BOND | T.4.125 01.31.27 | 7.84% |
| UNITED STATES TREASURY NOTE/BOND | T.3.875 03.31.27 | 3.36% |
| UNITED STATES TREASURY NOTE/BOND | T.4.25 11.30.26 | 3.29% |
| UNITED STATES TREASURY NOTE/BOND | T.4.25 12.31.26 | 1.64% |
| T. Rowe Price Government Reserve Fund | TRPGRIA | 1.31% |
| FANNIE MAE POOL | n/a | 1.21% |
| UNITED STATES TREASURY NOTE/BOND | T.4.125 02.28.27 | 0.87% |
| UNITED STATES TREASURY NOTE/BOND | n/a | 0.75% |
| T. Rowe Price Government Reserve Fund - Collateral | n/a | 0.67% |
| FANNIE MAE POOL | FN.FS8870 | 0.53% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.01922 | Aug 29, 2025 |
| Jul 31, 2025 | $0.01889 | Jul 31, 2025 |
| Jun 30, 2025 | $0.01746 | Jun 30, 2025 |
| May 30, 2025 | $0.01933 | May 30, 2025 |
| Apr 30, 2025 | $0.01789 | Apr 30, 2025 |
| Mar 31, 2025 | $0.01685 | Mar 31, 2025 |