T. Rowe Price Ultra Short-Term Bond Fund (TRBUX)
Ticker Symbol:
TRBUX
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Composition
Asset Allocation
as of 10/31/2016
Domestic Bond 75.3%
Foreign Bonds 24.3%
Other 1.5%
Domestic Stock 0.0%
Foreign Stock 0.0%
Preferreds 0.0%
Convertibles 0.0%
Options 0.0%
Cash -1.1%
Volatility and Other Measures
as of 10/31/2016
Beta 2.95
0.43
Standard Deviation 0.46
Credit Quality Diversification1
as of 10/31/2016
% of Total Net Assets
AAA 30.1%
AA 7.4%
A 23.1%
BBB 26.7%
BB 3.4%
B 0.7%
CCC 0.4%
Not Rated 0.0%
Reserves -1.1%
US Government Agency Securities 1.0%
US Treasury 8.4%
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. Duration
as of 10/31/2016
0.92 years
Weighted Avg. Maturity
as of 11/29/2016
1.54 years
Sector Diversification
as of 10/31/2016
% of Total Net Assets
CORPORATE BONDS & NOTES 60.0%
ASSET-BACKED SECURITIES 16.7%
COMMERCIAL MORTGAGE-BACKED SECURITIES (CMBS) 11.0%
U.S. TREASURY BONDS AND NOTES 8.4%
MORTGAGE-BACKED SECURITIES 2.8%
GOVERNMENT RELATED 1.8%
CASH & EQUIVALENTS -0.6%
10 Largest Holdings
Represents 13.07 % of Total Net Assets
View Holdings as of:
Coupon % Maturity
BANK OF AMERICA CORP 6.000 09/01/2017
MARATHON OIL CORP 6.000 10/01/2017
PERRIGO CO PLC 2.300 11/08/2018
SCHLUMBERGER HLDGS CORP 144A 1.900 12/21/2017
TORONTO-DOMINION BANK 1.778 07/13/2021
TPMT 2016-3 A1 144A 2.250 04/29/2019
US TREASURY N/B .875 11/15/2017
US TREASURY N/B 1.250 10/31/2018
US TREASURY N/B .750 06/30/2017
US TREASURY N/B 1.250 11/30/2018
As of 11/30/2016 the Ultra Short-Term Bond Fund had a total of 276 holdings.
Bond Maturity Diversification2
  as of 10/31/2016
% of Total Net Assets
0 - 1 YRS 38.9%
1 - 5 YRS 61.1%
2Total may not equal 100% due to rounding.
See Glossary for additional details on all data elements.