T. Rowe Price Short-Term Bond Fund (PRWBX)
Ticker Symbol:
PRWBX
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Composition
Asset Allocation
as of 07/31/2016
Volatility and Other Measures
as of 07/31/2016
Beta 0.99
0.66
Standard Deviation 0.86
Credit Quality Diversification1
as of 07/31/2016
% of Total Net Assets
AAA 28.4%
AA 4.5%
A 14.6%
BBB 28.4%
BB 4.3%
B 0.6%
CCC 0.1%
CC 0.0%
Not Rated 0.2%
Reserves 0.3%
US Government Agency Securities 12.5%
US Treasury 6.2%
1Sources: Moody's Investors Service; if Moody's does not rate a security, then Standard & Poor's (S&P) is used as a secondary source. When available, T. Rowe Price will use Fitch for securities that are not rated by Moody's or S&P.

U.S. government agency securities are issued or guaranteed by a U.S. government agency, and may include conventional pass-through securities and collateralized mortgage obligations; unlike Treasuries, government agency securities are not issued directly by the U.S. government and are generally unrated but may have credit support from the U.S. Treasury (e.g., FHLMC and FNMA issues) or a direct government guarantee (e.g., GNMA issues). Therefore, this category may include rated and unrated securities.

U.S. Treasury securities are issued by the U.S. Treasury and are backed by the full faith and credit of the U.S. government. The ratings of U.S Treasury securities are derived from the ratings on the U.S. government.
Weighted Avg. Effective Duration
as of 07/31/2016
1.85 years
Weighted Avg. Maturity
as of 08/23/2016
1.90 years
Sector Diversification
as of 07/31/2016
% of Total Net Assets
CORPORATE BONDS & NOTES 48.1%
ASSET-BACKED SECURITIES 21.2%
MORTGAGE-BACKED SECURITIES 13.1%
COMMERCIAL MORTGAGE-BACKED SECURITIES (CMBS) 8.3%
U.S. TREASURY BONDS AND NOTES 6.2%
GOVERNMENT RELATED 2.8%
CASH & EQUIVALENTS 0.3%
10 Largest Holdings
Represents 9.31 % of Total Net Assets
View Holdings as of:
Coupon % Maturity
FANNIE MAE .875 08/28/2017
FORDF 2014-4 A1 1.400 08/20/2017
HUTCHISON WHAMPOA FIN 144A 1.625 10/31/2017
MORGAN STANLEY 1.565 01/24/2019
US TREASURY N/B .750 01/31/2018
US TREASURY N/B 1.625 11/30/2020
US TREASURY N/B .875 10/15/2018
US TREASURY N/B .875 07/15/2018
US TREASURY N/B .875 06/15/2019
US TREASURY N/B 1.250 01/31/2020
As of 07/31/2016 the Short-Term Bond Fund had a total of 793 holdings.
Bond Maturity Diversification2
  as of 07/31/2016
% of Total Net Assets
0 - 1 YRS 21.2%
1 - 5 YRS 74.2%
5 - 10 YRS 3.6%
10 + YRS 1.0%
2Total may not equal 100% due to rounding.
See Glossary for additional details on all data elements.