T. Rowe Price Ultra Short-Term Bond Fund (TRBUX)
T. Rowe Price Ultra 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 $5.07, up 0.00% on the session, giving a market capitalisation of $2.99B. Its beta of 0.06 implies it has historically moved less than the broad market.
This fund's strategy involves allocating its capital to a diverse array of high-quality, short-term debt instruments issued by both corporations and government entities. A significant portion, specifically at least 80% of its net assets (including any funds acquired through borrowing for investment), is typically invested in bonds. Crucially, all securities acquired by the fund must carry an investment-grade rating from at least one major credit rating agency at the time of purchase, or, if unrated, be internally determined by T. Rowe Price to meet investment-grade standards.
T. Rowe Price Ultra Short-Term Bond Fund is most often compared with the following Financial Services names: