T. Rowe Price Ultra Short-Term Bond Fund

Frequently Asked Questions About TRBUX

What does TRBUX invest in?

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.

What is the expense ratio of TRBUX?

T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) charges an expense ratio of 0.31%. This is the annual fee deducted from fund assets to cover management and operations.

What is TRBUX's dividend yield?

TRBUX's trailing-twelve-month yield is 4.73%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of TRBUX?

Effective duration measures TRBUX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. TRBUX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of TRBUX?

TRBUX'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 TRBUX?

Yield to maturity (YTM) is the total return you'd earn from TRBUX if every bond in the portfolio is held to maturity at the current price. TRBUX'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.