- What does PRWBX invest in?
- 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.
- What is the expense ratio of PRWBX?
- T. Rowe Price Short Term Bond Fund (PRWBX) charges an expense ratio of 0.47%. This is the annual fee deducted from fund assets to cover management and operations.
- What is PRWBX's dividend yield?
- PRWBX's trailing-twelve-month yield is 4.21%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of PRWBX?
- Effective duration measures PRWBX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PRWBX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of PRWBX?
- PRWBX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of PRWBX?
- Yield to maturity (YTM) is the total return you'd earn from PRWBX if every bond in the portfolio is held to maturity at the current price. PRWBX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
