Description

The T. Rowe Price Short Duration Income Fund strives to generate consistent income for investors, prioritizing capital stability and ready access to cash. It achieves these goals by strategically allocating its assets to a diverse collection of shorter-term fixed income securities. Typically, the fund dedicates a minimum of 80% of its total net assets (including any leverage used for investment) to fixed income instruments. Under normal market conditions, the average duration of its portfolio is maintained at three years or less. The fund also possesses the flexibility to invest in debt issued by both U.S. and non-U.S. entities, including those based in developing economies.