PRWBX – T. Rowe Price Short-Term Bond Investment Strategy | Morningstar

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Strategy

The investment seeks a high level of income consistent with minimal fluctuation in principal value and liquidity. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in bonds. Any derivatives that provide exposure to the investment focus suggested by the fund’s name, or to one or more market risk factors associated with the investment focus suggested by the fund’s name, are counted (as applicable) toward compliance with the fund’s 80% investment policy.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PRWBX	T. Rowe Price Short-Term Bond Fund	No Load	Open			Mar 2, 1984	$1.19B	0.480%	Average	$2,500	−$131.65M
PASHX	T. Rowe Price Short-Term Bond Fund Advisor Class	No Load	Open			Dec 31, 2004	$4.43M	0.820%	High	$2,500	−$1.00M
TBSIX	T. Rowe Price Short-Term Bond Fund I Class	Institutional	Open			Dec 17, 2015	$3.97B	0.330%	Below Average	$500,000	$682.94M
TRZOX	T. Rowe Price Short-Term Bond Fund Z Class	Institutional	Open		—	Feb 22, 2021	$118.35M	0.000%	Low	$0	−$6.53M

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