TRZOX Fees and Costs — T. Rowe Price Short-Term Bond Fund, Inc., Z Class
Data updated: 2026-08-12
The net expense ratio is 0.00%: a 0.29% management fee plus 0.01% other expenses, less a 0.30% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $148K in broker commissions, 0.0031% of average net assets, and portfolio turnover was 111%.
TRZOX Fees and Expenses
Annual operating expenses and sales charges of TRZOX. Prospectus, as of July 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.30% |
| Fee waiver | −0.30% |
| Net expense ratio | 0.00% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
TRZOX Costs Over Time
On $10,000 invested in TRZOX, assuming 5% a year before costs, total costs come to $2 over 5 years, cutting the return by 0.00% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.00%) | $0 | $0 | $0 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $0 | $0 |
| Total costs | $0 | $1 | $2 |
| Value after costs | $10,500 | $11,575 | $12,761 |
| Impact on return, per year | 0.00% | 0.00% | 0.00% |
TRZOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0031%
- Total broker commissions: $148K
- Bought from dealers (principal trades, not a cost): $11.2B
- Portfolio turnover (prospectus): 111%
- Securities on loan, average value: $51.2M
- Net income from securities lending: $107K (0.002% of average net assets)
TRZOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $50K | 33.75% |
| GOLDMAN SACHS & CO. LLC | $42K | 28.57% |
| Citigroup Inc. | $32K | 21.94% |
| BOFA SECURITIES, INC. | $14K | 9.26% |
| MORGAN STANLEY & CO. LLC | $10K | 6.48% |
TRZOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $1.3B | 15.18% |
| WELLS FARGO SECURITIES, LLC | $1.2B | 14.18% |
| THE TORONTO-DOMINION BANK | $1.0B | 12.54% |
| Citigroup Inc. | $910.3M | 10.95% |
| BARCLAYS CAPITAL INC. | $907.8M | 10.92% |
| J.P. MORGAN SECURITIES LLC | $718.5M | 8.64% |
| GOLDMAN SACHS & CO. LLC | $711.9M | 8.56% |
| Nomura International PLC | $541.6M | 6.52% |
| Deutsche Bank Securities Inc. | $526.1M | 6.33% |
| MORGAN STANLEY & CO. LLC | $513.4M | 6.18% |
T. Rowe Price Short-Term Bond Fund, Inc. Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TRZOX | Z Class | 0.00% | — |
| TBSIX | I Class | 0.33% | — |
| PRWBX | T. Rowe Price Short-Term Bond Fund, Inc. | 0.48% | — |
| PASHX | Advisor Class | 0.82% | — |
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.