T. Rowe Price Limited Duration Inflation Focused Bond Fund (TRBFX)
The investment seeks a level of income that is consistent with the current rate of inflation. The fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in bonds. It will invest in a diversified portfolio of short- and intermediate-term investment-grade inflation-linked securities, including Treasury Inflation Protected Securities, as well as corporate, government, mortgage-backed and asset-backed securities. The fund will invest at least 20% of its net assets in inflation-linked securities, although normally the advisor expects to invest 50% or more of its net assets in inflation-linked securities.
Fund Info
| ISIN | US8727981032 |
|---|---|
| CUSIP | 872798103 |
| Issuer | T. Rowe Price |
| Inception Date | Sep 28, 2006 |
| Category | Inflation-Protected Bonds |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
TRBFX features an expense ratio of 0.41%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: TRBFX vs. RPLCX, TRBFX vs. PRSNX, TRBFX vs. TRBUX, TRBFX vs. PRFDX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Limited Duration Inflation Focused Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
T. Rowe Price Limited Duration Inflation Focused Bond Fund had a return of 4.51% year-to-date (YTD) and 6.83% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.51% | 25.70% |
| 1 month | 0.13% | 3.51% |
| 6 months | 3.29% | 14.80% |
| 1 year | 6.83% | 37.91% |
| 5 years (annualized) | 3.09% | 14.18% |
| 10 years (annualized) | N/A | 11.41% |
Monthly Returns
The table below presents the monthly returns of TRBFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.64% | -0.44% | 0.54% | -0.21% | 1.07% | 0.64% | 0.84% | 0.89% | 0.94% | -0.70% | 4.51% | ||
| 2023 | 0.85% | -0.63% | 1.70% | 0.21% | -1.25% | -0.42% | 0.43% | -0.00% | -0.42% | 0.29% | 1.13% | 1.29% | 3.17% |
| 2022 | -0.76% | 1.15% | -0.95% | -0.38% | 0.19% | -1.53% | 1.56% | -1.92% | -3.52% | 0.81% | 0.61% | -0.85% | -5.56% |
| 2021 | 0.77% | 0.19% | 0.57% | 0.94% | 0.75% | 0.00% | 1.49% | 0.00% | -0.00% | 0.55% | -0.00% | 3.47% | 9.02% |
| 2020 | 0.52% | 0.45% | -2.84% | 1.36% | 1.33% | 1.08% | 1.03% | 1.41% | -0.16% | -0.18% | 0.77% | 0.19% | 5.00% |
| 2019 | 0.77% | 0.33% | 0.97% | 0.57% | 0.77% | 0.68% | -0.05% | 0.67% | -0.33% | 0.35% | 0.13% | -0.27% | 4.69% |
| 2018 | -0.20% | -0.20% | 0.41% | 0.02% | 0.24% | 0.24% | -0.16% | 0.46% | -0.36% | -0.54% | 0.08% | -1.54% | -1.56% |
| 2017 | 0.60% | 0.00% | 0.20% | 0.00% | -0.20% | -0.40% | 0.20% | 0.40% | -0.20% | 0.20% | -0.20% | -1.39% | -0.80% |
| 2016 | 0.40% | -0.00% | 1.21% | 0.00% | -0.20% | 1.19% | -0.20% | -0.39% | 0.79% | -0.20% | -0.59% | -0.99% | 1.01% |
| 2015 | -0.40% | -0.40% | -0.20% | -1.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TRBFX is 23, indicating that it is in the bottom 23% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price Limited Duration Inflation Focused Bond Fund (TRBFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
T. Rowe Price Limited Duration Inflation Focused Bond Fund provided a 4.60% dividend yield over the last twelve months, with an annual payout of $0.22 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.22 | $0.18 | $0.27 | $0.42 | $0.04 | $0.08 | $0.02 |
Dividend yield | 4.60% | 3.79% | 5.72% | 8.08% | 0.74% | 1.53% | 0.47% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Limited Duration Inflation Focused Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.00 | $0.05 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.01 | $0.18 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.00 | $0.27 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.42 |
| 2020 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 |
| 2019 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.08 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Limited Duration Inflation Focused Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price Limited Duration Inflation Focused Bond Fund was 7.33%, occurring on Sep 27, 2022. Recovery took 484 trading sessions.
The current T. Rowe Price Limited Duration Inflation Focused Bond Fund drawdown is 0.79%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -7.33% | Mar 14, 2022 | 137 | Sep 27, 2022 | 484 | Aug 30, 2024 | 621 |
| -5.12% | Mar 6, 2020 | 10 | Mar 19, 2020 | 57 | Jun 10, 2020 | 67 |
| -4.74% | Jul 11, 2016 | 612 | Dec 12, 2018 | 130 | Jun 20, 2019 | 742 |
| -2.35% | Nov 19, 2021 | 17 | Dec 14, 2021 | 11 | Dec 30, 2021 | 28 |
| -1.72% | Jan 5, 2022 | 26 | Feb 10, 2022 | 11 | Feb 28, 2022 | 37 |
Volatility
Volatility Chart
The current T. Rowe Price Limited Duration Inflation Focused Bond Fund volatility is 0.68%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.