TRBFX Performance — T. Rowe Price Limited-Duration Inflation Focused Bond Fund, Inc.
Data updated: 2026-08-12
TRBFX returned +1.77% year to date and +4.00% over one year to May 2026. Annualised returns are +4.63% over 3 years and +2.28% over 5 years. Against its Short-Term Government Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $115, against $115 for the category, and to $104 over one year, against $104. Volatility over the past three years was 2.05% a year. In the 12 months to May 2026 the fund took in a net $1.7B, and assets reached $10.24B.
TRBFX Growth of $100
What $100 invested in T. Rowe Price Limited-Duration Inflation Focused Bond Fund, Inc. grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Government Bond category average over the same months.
| Period | TRBFX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $104 | $104 |
| 3 years (Jun 2023 – May 2026) | $115 | $115 |
| 5 years (Jun 2021 – May 2026) | $112 | $111 |
| Since data start (Sep 2019 – May 2026) | $123 | $117 |
TRBFX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.77% |
| 1 year | +4.00% |
| 3 years (annualised) | +4.63% |
| 5 years (annualised) | +2.28% |
TRBFX Annual Returns
Calendar-year total returns of T. Rowe Price Limited-Duration Inflation Focused Bond Fund, Inc., compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.77% |
| 2025 | +5.88% |
| 2024 | +4.07% |
| 2023 | +3.01% |
| 2022 | −5.23% |
| 2021 | +5.60% |
| 2020 | +5.67% |
| 2019 (Sep–Dec) | +0.88% |
TRBFX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.5% | +0.5% | −0.3% | +1.1% | −0.1% | — | — | — | — | — | — | — |
| 2025 | +1.0% | +1.2% | +1.2% | +0.7% | −0.5% | +0.5% | +0.3% | +1.4% | −0.1% | −0.1% | +0.3% | −0.1% |
| 2024 | +0.5% | −0.5% | +0.5% | −0.2% | +1.1% | +0.6% | +0.8% | +0.8% | +0.9% | −0.7% | +0.4% | −0.3% |
| 2023 | +0.9% | −0.6% | +1.7% | +0.2% | −1.2% | −0.4% | +0.4% | 0.0% | −0.4% | +0.2% | +1.1% | +1.2% |
| 2022 | −0.8% | +1.1% | −0.9% | −0.4% | +0.2% | −1.5% | +1.6% | −1.9% | −3.5% | +0.8% | +0.6% | −0.4% |
| 2021 | +0.8% | +0.2% | +0.6% | +0.9% | +0.8% | 0.0% | +1.5% | 0.0% | 0.0% | +0.5% | 0.0% | +0.2% |
| 2020 | +0.5% | +0.4% | −2.9% | +1.3% | +1.3% | +1.0% | +1.0% | +1.4% | −0.2% | −0.2% | +0.8% | +1.2% |
| 2019 | — | — | — | — | — | — | — | — | −0.3% | +0.3% | +0.1% | +0.9% |
TRBFX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 2.05%
- 3-year Sharpe ratio: 0.06 (vs 4.5% risk-free rate)
- Best month: +1.36% (Aug 2025)
- Worst month: −0.70% (Oct 2024)
TRBFX Fund Flows
Monthly money in and out of T. Rowe Price Limited-Duration Inflation Focused Bond Fund, Inc., from SEC Form N-PORT.
- 12-month net flow: $1.7B
- 12-month gross sales (incl. reinvestments): $3.3B
- Sales ÷ redemptions: 1.98×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $103.6M | $180.5M | −$76.8M |
| Apr 2026 | $662.8M | $166.2M | $496.6M |
| Mar 2026 | $181.5M | $100.5M | $81.0M |
| Feb 2026 | $457.4M | $29.4M | $428.0M |
| Jan 2026 | $171.9M | $193.4M | −$21.4M |
| Dec 2025 | $692.0M | $174.4M | $517.6M |
| Nov 2025 | $33.3M | $119.1M | −$85.8M |
| Oct 2025 | $87.8M | $115.1M | −$27.3M |
| Sep 2025 | $70.1M | $174.6M | −$104.6M |
| Aug 2025 | $315.6M | $180.4M | $135.2M |
| Jul 2025 | $91.2M | $145.8M | −$54.5M |
| Jun 2025 | $474.7M | $109.4M | $365.3M |
TRBFX Assets Under Management
Net assets of T. Rowe Price Limited-Duration Inflation Focused Bond Fund, Inc. by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $10.24B |
| 2026-02-28 | $9.69B |
| 2025-11-30 | $8.71B |
| 2025-08-31 | $9.23B |
| 2025-05-31 | $8.62B |
| 2025-02-28 | $8.32B |
| 2024-11-30 | $8.18B |
| 2024-08-31 | $8.52B |
| 2024-05-31 | $8.31B |
| 2024-02-29 | $7.92B |
| 2023-11-30 | $6.96B |
| 2023-08-31 | $7.13B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.