T. Rowe Price Short Term Bond Fund (PRWBX)
T. Rowe Price Short Term Bond Fund operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Baltimore, MD, US. The stock last traded at $4.55, up 0.22% on the session, giving a market capitalisation of $5.29B. Its beta of 0.23 implies it has historically moved less than the broad market.
The fund primarily invests in a broad array of high-quality, shorter to medium-term fixed-income instruments. These include debt issued by corporations and governments, as well as securities backed by assets and mortgages. It maintains the option to allocate capital to money market instruments, bank-issued obligations, collateralized mortgage obligations, and international securities, even those originating from emerging markets. A fundamental policy dictates that at least 80% of its total net assets, including any leveraged investments, will be held in bonds. Crucially, the portfolio's average effective maturity is generally capped at three years.
T. Rowe Price Short Term Bond Fund is most often compared with the following Financial Services names: