Morningstar

T. Rowe Price Short-Term Bond Fund Advisor Class PASHX

Morningstar Medalist Rating
Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 4.55  /  −0.22 %
  • Total Assets 5.3B
  • Adj. Expense Ratio
    0.820%
  • Expense Ratio 0.810%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.88%
  • Effective Duration 1.89 years

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:11 AM GMT+0

Morningstar’s Analysis PASHX

Will PASHX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PASHX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PASHX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PASHX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

T. Rowe Price Short-Term Bond Advisor holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings PASHX

More PASHX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 25.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 3.75%

11.06 591M
Government

United States Treasury Notes 4%

3.71 198M
Government

United States Treasury Notes 4.125%

3.32 177M
Government

T. Rowe Price Gov. Reserve

2.38 127M
Cash and Equivalents

United States Treasury Notes 3.875%

1.87 100M
Government

United States Treasury Notes 4.25%

1.81 97M
Government

United States Treasury Notes 3.875%

1.47 78M
Government

United States Treasury Notes 4.125%

0.86 46M
Government

Medline Borrower LP 3.875%

0.51 27M
Corporate

Heineken N.V. 3.5%

0.44 24M
Corporate

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