T. Rowe Price Short-Term Bond Fund (PRWBX)
Ticker Symbol:
PRWBX
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Objective
Quick Stats
Fiscal Year End  May
Morningstar Category  Short-Term Bond
Inception Date 03/02/1984
Tax ID 52-1332477
Investment Objective
The fund seeks a high level of income consistent with minimal fluctuation in principal value and liquidity.
Strategy
Invests primarily in a diversified portfolio of short- and intermediate-term, investment-grade debt securities. The fund’s average effective maturity will not exceed three years.
Investor Profile
Investors seeking higher income than money funds provide who can accept modest share price fluctuation. Appropriate for both regular and tax-deferred accounts, such as IRAs and Keoghs.
Availability
All States
Risk/Reward Potential*
Click on the risk/reward spectrum below to view the funds in that category
Highest
Higher
Moderate
Lower
Lowest
Investors have the opportunity to earn higher income than less volatile money market funds offer, with lower risk than higher-yielding longer-term bond funds. The Short-Term Bond Fund provides some diversification since it can invest in corporate bonds, U.S. government bonds, and mortgage-backed securities.

Yield and share price will vary with interest rate changes. Investors should note that if interest rates rise from current levels, bond fund total returns will decline and may even turn negative in the short term. There is also a chance that one of the fund's holdings will have its credit rating downgraded or will default.
*Funds are placed in general risk/return categories based on their past performance or, for newer funds, the performance of the types of securities in which they invest. There is no assurance past trends will continue.
See Glossary for additional details on all data elements.