T Rowe Price Ultra Short-Term Bond Fund (TRBUX)
5.07
0.00 (0.00%)
USD |
Jun 08 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.31% | 2.934B | -- | 73.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 311.14M | 4.55% |
Basic Info
| Investment Strategy | |
| The Fund seeks a high level of income consistent with minimal fluctuations in principal value and liquidity. The Fund normally invests at least 80% of its net assets in bonds and all of the securities purchased by the Fund. The Funds dollar-weighted average effective maturity will be 1.5 years or less. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Short Term |
| Peer Group | Ultra-Short Obligations Funds |
| Global Macro | Bond Short Term |
| US Macro | Short/Intermediate Investment-Grade Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Ultra-Short Obligations Funds |
| Fund Owner Firm Name | T. Rowe Price |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
12
-505.30M
Peer Group Low
1.030B
Peer Group High
1 Year
% Rank:
31
311.14M
-1.377B
Peer Group Low
6.882B
Peer Group High
3 Months
% Rank:
19
-934.15M
Peer Group Low
2.819B
Peer Group High
3 Years
% Rank:
41
-2.738B
Peer Group Low
10.11B
Peer Group High
6 Months
% Rank:
21
-943.83M
Peer Group Low
4.167B
Peer Group High
5 Years
% Rank:
76
-10.77B
Peer Group Low
16.65B
Peer Group High
YTD
% Rank:
23
-834.63M
Peer Group Low
3.692B
Peer Group High
10 Years
% Rank:
19
-5.237B
Peer Group Low
33.03B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of June 09, 2026.
Asset Allocation
As of March 31, 2026.
| Type | % Net |
|---|---|
| Cash | 9.29% |
| Stock | 0.00% |
| Bond | 90.12% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.59% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| United States of America USGB 3.375 02/29/2028 FIX USD Government | 1.66% | 98.73 | 0.00% |
| Ovintiv Inc. OVININC 04/10/2026 FIX USD Corporate (Matured) | 0.99% | 99.99 | 0.01% |
| United States of America USGB 3.5 10/31/2027 FIX USD Government | 0.95% | 99.17 | 0.01% |
| Fortune Brands Innovations, Inc. FORTUBR 04/13/2026 FIX USD Corporate (Matured) | 0.90% | 99.97 | 0.01% |
| BRUNSWICK CORPORATION BC 04/02/2026 FIX USD Corporate (Matured) | 0.88% | -- | -- |
| FNMA-New 5.5 07/25/2053 FIX USD Agency | 0.82% | 100.21 | -0.10% |
| Jabil Inc. JABIINC 04/14/2026 FIX USD Corporate (Matured) | 0.72% | 99.99 | 0.04% |
|
BATTALION CLO LTD 10RRR A1R SEQ FLT 4.87091% 24-JAN-2035
|
0.72% | -- | -- |
| Amphenol Corporation APH 11/15/2027 FLT USD Corporate | 0.70% | 100.06 | -0.00% |
| Voya Financial, Inc. VOYAFIN 3.65 06/15/2026 FIX USD Corporate | 0.64% | 99.99 | 0.02% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.14% |
| Administration Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 2500.00 None |
| Minimum Subsequent Investment | 100.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks a high level of income consistent with minimal fluctuations in principal value and liquidity. The Fund normally invests at least 80% of its net assets in bonds and all of the securities purchased by the Fund. The Funds dollar-weighted average effective maturity will be 1.5 years or less. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Short Term |
| Peer Group | Ultra-Short Obligations Funds |
| Global Macro | Bond Short Term |
| US Macro | Short/Intermediate Investment-Grade Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Ultra-Short Obligations Funds |
| Fund Owner Firm Name | T. Rowe Price |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (6-5-26) | 4.48% |
| 30-Day SEC Yield (4-30-26) | 4.19% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 506 |
| Bond | |
| Yield to Maturity (3-31-26) | 4.47% |
| Effective Duration | 0.68 |
| Average Coupon | 4.38% |
| Calculated Average Quality | 2.823 |
| Effective Maturity | 6.325 |
| Nominal Maturity | 6.414 |
| Number of Bond Holdings | 444 |
As of March 31, 2026
Fund Details
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:TRBUX", "name") |
| Broad Asset Class: =YCI("M:TRBUX", "broad_asset_class") |
| Broad Category: =YCI("M:TRBUX", "broad_category_group") |
| Prospectus Objective: =YCI("M:TRBUX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |