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 05/31/2017
Volatility and Other Measures
as of 05/31/2017
Beta 0.89
0.64
Standard Deviation 0.83
Credit Quality Diversification1
as of 05/31/2017
% of Total Net Assets
AAA 22.8%
AA 5.4%
A 15.0%
BBB 37.2%
BB 3.4%
B 0.7%
CCC 0.0%
CC 0.0%
Not Rated 0.2%
Reserves 0.6%
US Government Agency Securities 6.6%
US Treasury 8.2%
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 05/31/2017
1.83 years
Weighted Avg. Maturity
as of 06/20/2017
1.91 years
Sector Diversification
as of 05/31/2017
% of Total Net Assets
CORPORATE BONDS & NOTES 51.9%
ASSET-BACKED SECURITIES 22.2%
MORTGAGE-BACKED SECURITIES 9.6%
U.S. TREASURY BONDS AND NOTES 8.2%
COMMERCIAL MORTGAGE-BACKED SECURITIES (CMBS) 5.7%
GOVERNMENT RELATED 1.9%
CASH & EQUIVALENTS 0.6%
10 Largest Holdings
Represents 11.81 % of Total Net Assets
View Holdings as of:
Coupon % Maturity
FORDF 2014-4 A1 1.400 08/25/2017
GOLDMAN SACHS GROUP INC 6.150 04/01/2018
HUTCHISON WHAMPOA FIN 144A 1.625 10/31/2017
MORGAN STANLEY 2.003 01/24/2019
US TREASURY N/B 1.625 11/30/2020
US TREASURY N/B 1.250 01/31/2020
US TREASURY N/B .875 06/15/2019
US TREASURY N/B 1.250 04/30/2019
US TREASURY N/B 1.000 11/15/2019
ZHEJIANG PROVINCIAL ENER 2.300 09/30/2017
As of 05/31/2017 the Short-Term Bond Fund had a total of 811 holdings.
Bond Maturity Diversification2
  as of 05/31/2017
% of Total Net Assets
0 - 1 YRS 33.7%
1 - 5 YRS 62.6%
5 - 10 YRS 3.2%
10 + YRS 0.5%
2Total may not equal 100% due to rounding.
See Glossary for additional details on all data elements.