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T. Rowe Price Short-Term Bond (PRWBX)

4.79 0.00(0.00%) Jul 29

Profile as of Jun 29, 2014Get Profile for:
T. Rowe Price Short-Term Bond
100 East Pratt StreetBaltimore MD 21202
Map
Phone: 800-638-5660
Fund Overview 
Category:Short-Term Bond
Fund Family:T. Rowe Price
Net Assets:6.36B
Year-to-Date Return:0.96%
Yield:1.50%
Morningstar Rating:3 stars
Fund Inception Date:Mar 2, 1984
Morningstar Style Box 
Short-Term Bond
[View Category Definition]
View Top Short-Term Bond Funds
About the Morningstar Style Box
Management Information 
Edward A. Wiese
Lead Manager since Jan 1, 1995
Ted Wiese is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc., and a portfolio manager in the Fixed Income Division. He is head of the U.S. Taxable Low Duration team and a member of the Fixed Income Steering Committee. Ted is president and chairman of the Investment Advisory Committee of the Short-Term Bond Fund and the Limited-Term Bond Portfolio. He is chief investment officer and a director of the T. Rowe Price Savings Bank and serves on the Board of T. Rowe Price Trust Company. Since joining T. Rowe Price in 1984, Ted’s responsibilities have included managing multi-currency portfolios in London, managing the firm’s taxable money market funds, and overseeing the development and management of synthetic investment contracts. He serves as a member of the Fixed Income Advisory Committee at the Investment Company Institute. Ted also served as a member of FINRA’s Bond Market Transparency and Bond Transaction Reporting Committees, which oversaw the development and implementation of the Trade Reporting and Compliance Engine for reporting and disseminating corporate bond transaction prices. He earned a B.A. in geology from Yale University, an M.S. in biotechnology from The Johns Hopkins University, and an M.B.A. in finance from the Amos Tuck School of Business Administration at Dartmouth College. Ted also has earned the Chartered Financial Analyst designation.
Investment Information 
Min Initial Investment:2,500
Min Initial Investment, IRA:1,000
Min Initial Investment, AIP:2,500
Min Subsequent Investment:100
Min Subsequent Investment, IRA:100
Min Subsequent Investment, AIP:100
PRWBX can be purchased from 105 brokerages.

Fund Summary 
The investment seeks a high level of income consistent with minimal fluctuation in principal value and liquidity. The fund will invest in a diversified portfolio of short- and intermediate-term investment-grade corporate, government, and mortgage-backed securities. It may also invest in money market securities, bank obligations, collateralized mortgage obligations, and foreign securities. The fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in bonds. Its average effective maturity will not exceed three years. The fund will only purchase securities that are rated within one of the four highest credit categories.

Fund Operations 
Last Dividend (Jun 29, 2014) : 0.01
Last Cap Gain : 0.00
Annual Holdings Turnover (Jul 27, 2014) : 45.90%
Average for Category:90.02%
Fees & Expenses 
ExpensePRWBXCategory Avg
Annual Report Expense Ratio (net):0.52%0.84%
Prospectus Net Expense Ratio:0.51%N/A
Prospectus Gross Expense Ratio:0.51%N/A
Max 12b1 Fee:0.00%N/A
Max Front End Sales Load:N/A2.65%
Max Deferred Sales Load: N/A1.89%
3 Yr Expense Projection*:164381
5 Yr Expense Projection*:285612
10 Yr Expense Projection*:6401,268
* Per $10,000 invested