T. Rowe Price Ultra Short-Term Bond Fund
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.6%
1 yr return
6.4%
3 Yr Avg Return
2.4%
5 Yr Avg Return
2.5%
Net Assets
$2.2 B
Holdings in Top 10
9.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.33%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 45.80%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TRBUX - Profile
Distributions
- YTD Total Return 1.6%
- 3 Yr Annualized Total Return 2.4%
- 5 Yr Annualized Total Return 2.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.12%
- Dividend Yield 5.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameT. Rowe Price Ultra Short-Term Bond Fund
-
Fund Family NameTROWEPRICE
-
Inception DateDec 03, 2012
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
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ManagerAlexander Obaza
Fund Description
Under normal conditions, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in bonds. The fund invests in a diversified portfolio of shorter-term investment-grade corporate and government securities, including mortgage- and asset-backed securities, municipal securities, money market securities and bank obligations, and securities of foreign issuers. All of the securities purchased by the fund will be rated investment grade (i.e., rated in one of the four highest credit rating categories) at the time of purchase by at least one of the major credit rating agencies or, if unrated, deemed by the adviser to be investment-grade quality. The fund will not be required to sell a holding if it is later downgraded to a below investment-grade rating. While the fund may purchase an individual security with an effective maturity of up to five years, under normal conditions the fund’s dollar-weighted average effective maturity will be 1.5 years or less.
The fund may use a variety of derivatives, such as futures, forwards, and swaps for a number of purposes, such as exposure or hedging. Specifically, the fund uses interest rate futures, credit default swaps, and currency forwards. Interest rate futures are used to manage the fund’s exposure to changes in interest rates or to adjust portfolio duration, credit default swaps are used in an effort to protect the value of certain portfolio holdings or to manage the fund’s overall exposure to changes in credit quality, and currency forwards are used to protect the fund’s non-U.S. dollar-denominated securities from adverse currency movements.
Investment decisions generally reflect the portfolio manager’s outlook for interest rates and the economy, as well as the prices, yields, and credit quality of various securities in which the fund may invest. For example, if interest rates are expected to fall, the fund may purchase longer-term securities (to the extent consistent with the fund’s investment program) in an attempt to
seek higher yields and/or capital appreciation. Conversely, if interest rates are expected to rise, the fund may seek securities with shorter maturities.
TRBUX - Performance
Return Ranking - Trailing
Period | TRBUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.6% | -1.4% | 3.2% | 64.81% |
1 Yr | 6.4% | -0.1% | 12.4% | 20.00% |
3 Yr | 2.4%* | -2.1% | 5.8% | 51.71% |
5 Yr | 2.5%* | -1.0% | 3.9% | 13.30% |
10 Yr | 2.0%* | -4.5% | 27.5% | 18.80% |
* Annualized
Return Ranking - Calendar
Period | TRBUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.2% | -2.3% | 4.3% | 16.67% |
2022 | -2.8% | -6.5% | 0.5% | 68.90% |
2021 | -1.0% | -2.1% | 0.3% | 91.13% |
2020 | 1.2% | -3.1% | 1.8% | 4.12% |
2019 | 0.8% | -1.2% | 6.1% | 30.98% |
Total Return Ranking - Trailing
Period | TRBUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.6% | -1.4% | 3.2% | 64.81% |
1 Yr | 6.4% | -0.1% | 12.4% | 20.00% |
3 Yr | 2.4%* | -2.1% | 5.8% | 51.71% |
5 Yr | 2.5%* | -1.0% | 3.9% | 13.30% |
10 Yr | 2.0%* | -4.5% | 27.5% | 18.80% |
* Annualized
Total Return Ranking - Calendar
Period | TRBUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.5% | 0.8% | 12.1% | 19.44% |
2022 | -0.8% | -5.1% | 2.5% | 69.86% |
2021 | 0.2% | -2.1% | 14.5% | 35.96% |
2020 | 3.1% | -1.0% | 3.6% | 4.12% |
2019 | 3.6% | 0.3% | 9.6% | 19.02% |
NAV & Total Return History
TRBUX - Holdings
Concentration Analysis
TRBUX | Category Low | Category High | TRBUX % Rank | |
---|---|---|---|---|
Net Assets | 2.2 B | 25.6 K | 22.6 B | 34.09% |
Number of Holdings | 387 | 2 | 1291 | 29.55% |
Net Assets in Top 10 | 220 M | 32.5 K | 17.3 B | 47.73% |
Weighting of Top 10 | 9.89% | 5.6% | 163.3% | 93.64% |
Top 10 Holdings
- PLAINS ALL AMER PIPELINE 4/2 144A CP 0.0000 20231201 1.26%
- VISTRA OPERATIONS CO LLC 1.09%
- UNITED STATES TREASURY BILL 1.08%
- JAPAN TREASURY DISCOUNT BILL 1.02%
- SYNGENTA WILMINGTON INC 4/2 144A CP 0.0000 20231205 0.97%
- HYUNDAI AUTO LEASE SECURITIZATION TRUST 2021-B 0.91%
- GENERAL MOTORS FINANCIAL CO INC 0.90%
- HSBC HOLDINGS PLC 0.90%
- CANADIAN NATURAL RESOURC 4/2 144A CP 0.0000 20231222 0.88%
- TRUIST FINANCIAL CORP 0.88%
Asset Allocation
Weighting | Return Low | Return High | TRBUX % Rank | |
---|---|---|---|---|
Bonds | 81.49% | 0.00% | 128.16% | 49.55% |
Other | 18.43% | -29.59% | 99.92% | 22.27% |
Convertible Bonds | 4.20% | 0.00% | 15.25% | 40.18% |
Cash | 0.62% | 0.00% | 109.89% | 84.55% |
Stocks | 0.00% | 0.00% | 97.29% | 94.55% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 94.55% |
Bond Sector Breakdown
Weighting | Return Low | Return High | TRBUX % Rank | |
---|---|---|---|---|
Corporate | 42.79% | 0.00% | 99.91% | 43.84% |
Securitized | 26.74% | 0.00% | 100.00% | 48.86% |
Municipal | 0.62% | 0.00% | 70.39% | 24.66% |
Cash & Equivalents | 0.62% | 0.00% | 109.89% | 80.00% |
Government | 0.19% | 0.00% | 100.00% | 69.41% |
Derivative | -0.06% | -29.59% | 21.59% | 75.91% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | TRBUX % Rank | |
---|---|---|---|---|
US | 80.47% | 0.00% | 128.16% | 45.45% |
Non US | 1.02% | 0.00% | 22.24% | 15.45% |
TRBUX - Expenses
Operational Fees
TRBUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.33% | 0.02% | 28.11% | 73.85% |
Management Fee | 0.16% | 0.00% | 1.19% | 13.18% |
12b-1 Fee | N/A | 0.00% | 1.00% | 22.22% |
Administrative Fee | 0.15% | 0.01% | 0.40% | 77.08% |
Sales Fees
TRBUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.50% | 5.75% | N/A |
Deferred Load | N/A | 0.25% | 1.00% | N/A |
Trading Fees
TRBUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
TRBUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 45.80% | 0.00% | 369.54% | 20.00% |
TRBUX - Distributions
Dividend Yield Analysis
TRBUX | Category Low | Category High | TRBUX % Rank | |
---|---|---|---|---|
Dividend Yield | 5.03% | 0.00% | 8.09% | 64.09% |
Dividend Distribution Analysis
TRBUX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
TRBUX | Category Low | Category High | TRBUX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.12% | -1.30% | 14.86% | 9.91% |
Capital Gain Distribution Analysis
TRBUX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.021 | DailyAccrualFund |
Feb 29, 2024 | $0.020 | DailyAccrualFund |
Jan 31, 2024 | $0.020 | DailyAccrualFund |
Dec 29, 2023 | $0.021 | DailyAccrualFund |
Nov 30, 2023 | $0.019 | DailyAccrualFund |
Oct 31, 2023 | $0.019 | DailyAccrualFund |
Sep 29, 2023 | $0.018 | DailyAccrualFund |
Aug 31, 2023 | $0.018 | DailyAccrualFund |
Jul 31, 2023 | $0.016 | DailyAccrualFund |
Jun 30, 2023 | $0.017 | DailyAccrualFund |
May 31, 2023 | $0.016 | DailyAccrualFund |
Apr 28, 2023 | $0.014 | DailyAccrualFund |
Mar 31, 2023 | $0.016 | DailyAccrualFund |
Feb 28, 2023 | $0.013 | DailyAccrualFund |
Jan 31, 2023 | $0.012 | DailyAccrualFund |
Dec 30, 2022 | $0.013 | DailyAccrualFund |
Nov 30, 2022 | $0.011 | DailyAccrualFund |
Oct 31, 2022 | $0.010 | DailyAccrualFund |
Sep 30, 2022 | $0.010 | DailyAccrualFund |
Aug 31, 2022 | $0.008 | DailyAccrualFund |
Jul 29, 2022 | $0.007 | DailyAccrualFund |
Jun 30, 2022 | $0.006 | DailyAccrualFund |
May 31, 2022 | $0.005 | DailyAccrualFund |
Apr 29, 2022 | $0.004 | DailyAccrualFund |
Mar 31, 2022 | $0.003 | DailyAccrualFund |
Feb 28, 2022 | $0.003 | DailyAccrualFund |
Jan 31, 2022 | $0.003 | DailyAccrualFund |
Dec 31, 2021 | $0.003 | DailyAccrualFund |
Nov 30, 2021 | $0.003 | DailyAccrualFund |
Oct 29, 2021 | $0.003 | DailyAccrualFund |
Sep 30, 2021 | $0.003 | DailyAccrualFund |
Aug 31, 2021 | $0.003 | DailyAccrualFund |
Jul 30, 2021 | $0.003 | DailyAccrualFund |
Jun 30, 2021 | $0.003 | DailyAccrualFund |
May 28, 2021 | $0.003 | DailyAccrualFund |
Apr 30, 2021 | $0.004 | DailyAccrualFund |
Mar 31, 2021 | $0.004 | DailyAccrualFund |
Feb 26, 2021 | $0.004 | DailyAccrualFund |
Jan 29, 2021 | $0.004 | DailyAccrualFund |
Dec 31, 2020 | $0.005 | DailyAccrualFund |
Nov 30, 2020 | $0.005 | DailyAccrualFund |
Oct 30, 2020 | $0.006 | DailyAccrualFund |
Sep 30, 2020 | $0.006 | DailyAccrualFund |
Aug 31, 2020 | $0.006 | DailyAccrualFund |
Jul 31, 2020 | $0.008 | DailyAccrualFund |
Jun 30, 2020 | $0.008 | DailyAccrualFund |
May 29, 2020 | $0.009 | DailyAccrualFund |
Apr 30, 2020 | $0.009 | DailyAccrualFund |
Mar 31, 2020 | $0.009 | DailyAccrualFund |
Feb 28, 2020 | $0.008 | DailyAccrualFund |
Jan 31, 2020 | $0.010 | DailyAccrualFund |
Dec 31, 2019 | $0.010 | DailyAccrualFund |
Nov 29, 2019 | $0.010 | DailyAccrualFund |
Oct 31, 2019 | $0.011 | DailyAccrualFund |
Sep 30, 2019 | $0.010 | DailyAccrualFund |
Aug 30, 2019 | $0.012 | DailyAccrualFund |
Jul 31, 2019 | $0.012 | DailyAccrualFund |
May 31, 2019 | $0.013 | DailyAccrualFund |
Apr 30, 2019 | $0.012 | DailyAccrualFund |
Mar 29, 2019 | $0.013 | DailyAccrualFund |
Feb 28, 2019 | $0.012 | DailyAccrualFund |
Jan 31, 2019 | $0.012 | DailyAccrualFund |
Dec 31, 2018 | $0.012 | DailyAccrualFund |
Nov 30, 2018 | $0.012 | DailyAccrualFund |
Oct 31, 2018 | $0.011 | DailyAccrualFund |
Aug 31, 2018 | $0.012 | DailyAccrualFund |
Jul 31, 2018 | $0.010 | DailyAccrualFund |
Jun 29, 2018 | $0.010 | DailyAccrualFund |
May 31, 2018 | $0.010 | DailyAccrualFund |
Apr 30, 2018 | $0.009 | DailyAccrualFund |
Mar 29, 2018 | $0.009 | DailyAccrualFund |
Feb 28, 2018 | $0.008 | DailyAccrualFund |
Jan 31, 2018 | $0.008 | DailyAccrualFund |
Dec 29, 2017 | $0.008 | DailyAccrualFund |
Nov 30, 2017 | $0.007 | DailyAccrualFund |
Oct 31, 2017 | $0.007 | DailyAccrualFund |
Sep 29, 2017 | $0.007 | DailyAccrualFund |
Aug 31, 2017 | $0.007 | DailyAccrualFund |
Jul 31, 2017 | $0.007 | DailyAccrualFund |
Jun 30, 2017 | $0.007 | DailyAccrualFund |
May 31, 2017 | $0.007 | DailyAccrualFund |
Apr 28, 2017 | $0.006 | DailyAccrualFund |
Mar 31, 2017 | $0.007 | DailyAccrualFund |
Feb 28, 2017 | $0.006 | DailyAccrualFund |
Jan 31, 2017 | $0.006 | DailyAccrualFund |
Dec 30, 2016 | $0.006 | DailyAccrualFund |
Nov 30, 2016 | $0.006 | DailyAccrualFund |
Oct 31, 2016 | $0.005 | DailyAccrualFund |
Sep 30, 2016 | $0.005 | DailyAccrualFund |
Aug 31, 2016 | $0.005 | DailyAccrualFund |
Jul 29, 2016 | $0.005 | DailyAccrualFund |
Jun 30, 2016 | $0.005 | DailyAccrualFund |
May 31, 2016 | $0.005 | DailyAccrualFund |
Apr 29, 2016 | $0.005 | DailyAccrualFund |
Mar 31, 2016 | $0.005 | DailyAccrualFund |
Feb 29, 2016 | $0.004 | DailyAccrualFund |
Jan 29, 2016 | $0.004 | DailyAccrualFund |
Dec 31, 2015 | $0.004 | DailyAccrualFund |
Nov 30, 2015 | $0.004 | DailyAccrualFund |
Oct 30, 2015 | $0.003 | DailyAccrualFund |
Sep 30, 2015 | $0.003 | DailyAccrualFund |
Aug 31, 2015 | $0.003 | DailyAccrualFund |
Jul 31, 2015 | $0.004 | DailyAccrualFund |
Jun 30, 2015 | $0.004 | DailyAccrualFund |
May 29, 2015 | $0.003 | DailyAccrualFund |
Apr 30, 2015 | $0.003 | DailyAccrualFund |
Mar 31, 2015 | $0.003 | DailyAccrualFund |
Feb 27, 2015 | $0.003 | DailyAccrualFund |
Jan 30, 2015 | $0.003 | DailyAccrualFund |
Dec 31, 2014 | $0.002 | DailyAccrualFund |
Nov 28, 2014 | $0.002 | DailyAccrualFund |
Oct 31, 2014 | $0.002 | DailyAccrualFund |
Sep 30, 2014 | $0.002 | DailyAccrualFund |
Aug 29, 2014 | $0.002 | DailyAccrualFund |
Jul 31, 2014 | $0.002 | DailyAccrualFund |
Jun 30, 2014 | $0.002 | DailyAccrualFund |
May 30, 2014 | $0.002 | DailyAccrualFund |
Apr 30, 2014 | $0.002 | DailyAccrualFund |
Mar 31, 2014 | $0.001 | DailyAccrualFund |
Feb 28, 2014 | $0.001 | DailyAccrualFund |
Jan 31, 2014 | $0.001 | DailyAccrualFund |
Dec 31, 2013 | $0.001 | DailyAccrualFund |
Nov 29, 2013 | $0.001 | DailyAccrualFund |
Oct 31, 2013 | $0.001 | DailyAccrualFund |
Sep 30, 2013 | $0.002 | DailyAccrualFund |
Aug 30, 2013 | $0.001 | DailyAccrualFund |
Jul 31, 2013 | $0.001 | DailyAccrualFund |
Jun 28, 2013 | $0.001 | DailyAccrualFund |
May 31, 2013 | $0.001 | DailyAccrualFund |
Apr 30, 2013 | $0.001 | DailyAccrualFund |
Mar 28, 2013 | $0.001 | DailyAccrualFund |
Feb 28, 2013 | $0.002 | DailyAccrualFund |
Jan 31, 2013 | $0.001 | DailyAccrualFund |
Dec 31, 2012 | $0.000 | DailyAccrualFund |