T. Rowe Price Limited Duration Inflation Focused Bond Fund (TRBFX)

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T. Rowe Price Limited Duration Inflation Focused Bond Fund (TRBFX) is up 1.1% since the beginning of the year. TRBFX is currently trading at $5 per share. Investors who bought $1,000 worth of TRBFX shares 5 years ago would now be looking at an investment worth $1,131.

T. Rowe Price Limited Duration Inflation Focused Bond Fund (TRBFX) has returned 1.12% so far this year and 3.58% over the past 12 months. Over the last ten years, TRBFX has returned 2.84% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Oct 6, 2015, TRBFX's average daily return is +0.01%, while the average monthly return is +0.23%. At this rate, an investment would double in approximately 25.1 years.

Historically, 60% of months were positive and 40% were negative. The best month was Dec 2019 with a return of +2.1%, while the worst month was Sep 2022 at -3.5%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.

On a daily basis, TRBFX closed higher 26% of trading days. The best single day was Dec 31, 2021 with a return of +4.2%, while the worst single day was Dec 8, 2021 at -3.9%.

T. Rowe Price Limited Duration Inflation Focused Bond Fund has an annualized alpha of 2.62%, beta of 0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since October 06, 2015.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (10.13%) than losses (5.08%) - typical of diversified or defensive assets.
• Beta of 0.02 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

TRBFX has an expense ratio of 0.41%, placing it in the medium range.

TRBFX ranks 16 for risk / return — in the bottom 16% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

T. Rowe Price Limited Duration Inflation Focused Bond Fund provided a 4.82% dividend yield over the last twelve months, with an annual payout of $0.23 per share. The fund has been increasing its distributions for 2 consecutive years.

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.

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.

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 481 trading sessions.

The current T. Rowe Price Limited Duration Inflation Focused Bond Fund drawdown is 1.98%.

The chart below shows the rolling one-month volatility.