0000731890-23-000110.txt : 20231027 0000731890-23-000110.hdr.sgml : 20231027 20231027101041 ACCESSION NUMBER: 0000731890-23-000110 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230831 FILED AS OF DATE: 20231027 DATE AS OF CHANGE: 20231027 PERIOD START: 20240531 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price Short-Term Bond Fund, Inc. CENTRAL INDEX KEY: 0000731890 IRS NUMBER: 521332477 STATE OF INCORPORATION: MD FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-03894 FILM NUMBER: 231353006 BUSINESS ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 410-345-2000 MAIL ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE SHORT TERM BOND FUND INC DATE OF NAME CHANGE: 19920703 0000731890 S000039055 T. Rowe Price Ultra Short-Term Bond Fund C000119983 T. Rowe Price Ultra Short-Term Bond Fund TRBUX C000193195 T. Rowe Price Ultra Short-Term Bond Fund-I Class TRSTX C000225825 T. Rowe Price Ultra Short-Term Bond Fund-Z Class TRZWX NPORT-P 1 primary_doc.xml NPORT-P false 0000731890 XXXXXXXX S000039055 C000193195 C000225825 C000119983 T. ROWE PRICE SHORT-TERM BOND FUND, INC. 811-03894 0000731890 549300C2B2KYI619RG43 100 East Pratt Street Baltimore 21202 410-345-2000 T. Rowe Price Ultra Short-Term Bond Fund S000039055 549300KJPJ2IQ3OSSV02 2024-05-31 2023-08-31 N 2266062754.670000 14984598.100000 2251078156.570000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 196155.950000 USD N AIB Group PLC 635400AKJBGNS5WNQL34 AIB GROUP PLC 00135TAA2 21035000.000000 PA USD 20982328.360000 0.9321012822 Long DBT CORP IE N 2 2023-10-12 Fixed 4.75 N N N N N N ARI Fleet Lease Trust 2021-A N/A ARI FLEET LEASE TRUST 2021-A 00217FAB1 1545059.640000 PA USD 1532582.510000 0.0680821546 Long ABS-O CORP US N 2 2030-03-15 Fixed 0.37 N N N N N N ARI Fleet Lease Trust 2020-A N/A ARI FLEET LEASE TRUST 2020-A 00217TAD7 270000.000000 PA USD 266989.580000 0.0118605202 Long ABS-O CORP US N 2 2028-11-15 Fixed 2.06 N N N N N N AbbVie Inc FR5LCKFTG8054YNNRU85 ABBVIE INC 00287YCX5 5428000.000000 PA USD 5286801.440000 0.2348564142 Long DBT CORP US N 2 2025-03-15 Fixed 3.8 N N N N N N Advance Auto Parts Inc 529900UCNQ5H9FSL0Y70 ADVANCE AUTO PARTS INC 00751YAH9 1895000.000000 PA USD 1876101.170000 0.0833423382 Long DBT CORP US N 2 2026-03-09 Fixed 5.9 N N N N N N AerCap Ireland Capital DAC / AerCap Global Aviation Trust N/A AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST 00774MAK1 2000000.000000 PA USD 1990052.000000 0.0884043939 Long DBT CORP IE N 2 2024-01-16 Fixed 4.875 N N N N N N AerCap Ireland Capital DAC / AerCap Global Aviation Trust N/A AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST 00774MAU9 7230000.000000 PA USD 6869989.380000 0.3051866218 Long DBT CORP IE N 2 2024-10-29 Fixed 1.65 N N N N N N AerCap Ireland Capital DAC / AerCap Global Aviation Trust N/A AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST 00774MBA2 6835000.000000 PA USD 6833633.000000 0.3035715566 Long DBT CORP IE N 2 2023-09-29 Floating 6.028315 N N N N N N Alexander Funding Trust N/A ALEXANDER FUNDING TRUST 014621AA4 10990000.000000 PA USD 10859361.870000 0.4824071451 Long DBT CORP US N 2 2023-11-15 Fixed 1.841 N N N N N N Ally Financial Inc 549300JBN1OSM8YNAI90 ALLY FINANCIAL INC 02005NAV2 6400000.000000 PA USD 6302099.200000 0.2799591468 Long DBT CORP US N 2 2024-09-30 Fixed 5.125 N N N N N N Ally Financial Inc 549300JBN1OSM8YNAI90 ALLY FINANCIAL INC 02005NBH2 7200000.000000 PA USD 7057785.600000 0.3135291229 Long DBT CORP US N 2 2024-05-21 Fixed 3.875 N N N N N N Ally Financial Inc 549300JBN1OSM8YNAI90 ALLY FINANCIAL INC 02005NBL3 8500000.000000 PA USD 8467139.000000 0.3761370513 Long DBT CORP US N 2 2023-10-02 Fixed 1.45 N N N N N N American Electric Power Co Inc 1B4S6S7G0TW5EE83BO58 AMERICAN ELECTRIC POWER CO INC 02557TAD1 6665000.000000 PA USD 6669405.570000 0.2962760556 Long DBT CORP US N 2 2025-08-15 Fixed 5.699 N N N N N N AmeriCredit Automobile Receivables Trust 2020-2 N/A AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2020-2 03066EAE4 215083.580000 PA USD 214031.650000 0.0095079617 Long ABS-O CORP US N 2 2026-02-18 Fixed 0.97 N N N N N N Amur Equipment Finance Receivables XII LLC 5493000K1GV1VHEHGY40 AMUR EQUIPMENT FINANCE RECEIVABLES XII LLC 03236YAB1 9295000.000000 PA USD 9316169.360000 0.4138536609 Long ABS-O CORP US N 2 2029-12-20 Fixed 6.09 N N N N N N Analog Devices Inc GYVOE5EZ4GDAVTU4CQ61 ANALOG DEVICES INC 032654AT2 3225000.000000 PA USD 3221552.480000 0.1431115339 Long DBT CORP US N 2 2024-10-01 Floating 5.59703 N N N N N N Angel Oak Mortgage Trust 2019-5 N/A ANGEL OAK MORTGAGE TRUST 2019-5 03464KAA6 1003972.940000 PA USD 959372.250000 0.0426183448 Long ABS-MBS CORP US N 2 2049-10-25 Variable 2.593 N N N N N N Angel Oak Mortgage Trust 2021-2 N/A ANGEL OAK MORTGAGE TRUST 2021-2 03465DAA1 4866414.320000 PA USD 3976632.800000 0.1766545861 Long ABS-MBS CORP US N 2 2066-04-25 Variable 0.985 N N N N N N Athene Global Funding 549300LM1QSI4MSIL320 ATHENE GLOBAL FUNDING 04685A2L4 4103000.000000 PA USD 3876022.040000 0.1721851384 Long DBT CORP US N 2 2025-01-14 Fixed 2.5 N N N N N N Athene Global Funding 549300LM1QSI4MSIL320 ATHENE GLOBAL FUNDING 04685A2Q3 4040000.000000 PA USD 4017275.000000 0.1784600409 Long DBT CORP US N 2 2023-10-13 Fixed 1.2 N N N N N N Athene Global Funding 549300LM1QSI4MSIL320 ATHENE GLOBAL FUNDING 04685A2X8 5000000.000000 PA USD 4965670.000000 0.2205907416 Long DBT CORP US N 2 2024-05-24 Floating 1.079 N N N N N N Athene Global Funding 549300LM1QSI4MSIL320 ATHENE GLOBAL FUNDING 04685A3H2 9850000.000000 PA USD 9662928.800000 0.4292578102 Long DBT CORP US N 2 2025-01-07 Floating 5.940065 N N N N N N Athene Global Funding 549300LM1QSI4MSIL320 ATHENE GLOBAL FUNDING 04685A3J8 5000000.000000 PA USD 4904280.000000 0.2178636040 Long DBT CORP US N 2 2024-03-08 Fixed 2.514 N N N N N N Avis Budget Rental Car Funding AESOP LLC IHXLB8SL0QWSSG2VG640 AVIS BUDGET RENTAL CAR FUNDING AESOP LLC 05377REX8 1088333.330000 PA USD 1087096.440000 0.0482922566 Long ABS-O CORP US N 2 2024-09-20 Fixed 5.25 N N N N N N BINOM Securitization Trust 2021-INV1 N/A BINOM SECURITIZATION TRUST 2021-INV1 05552UAA2 10297750.160000 PA USD 8773616.200000 0.3897517363 Long ABS-MBS CORP US N 2 2056-06-25 Variable 2.034 N N N N N N BMW US Capital LLC KK5MZM9DIXLXZL9DZL15 BMW US CAPITAL LLC 05565EBN4 10000000.000000 PA USD 10006680.000000 0.4445283239 Long DBT CORP US N 2 2024-04-01 Floating 5.74466 N N N N N N BPCE SA 9695005MSX1OYEMGDF46 BPCE SA 05578QAA1 34423000.000000 PA USD 34380005.670000 1.5272684145 Long DBT CORP FR N 2 2023-10-22 Fixed 5.7 N N N N N N BX Commercial Mortgage Trust 2019-XL N/A BX COMMERCIAL MORTGAGE TRUST 2019-XL 056054AA7 1201424.170000 PA USD 1198383.970000 0.0532360001 Long ABS-MBS CORP US N 2 2036-10-15 Floating 6.345 N N N N N N BX Trust 2021-ARIA N/A BX TRUST 2021-ARIA 05608RAA3 3100000.000000 PA USD 3020251.880000 0.1341691256 Long ABS-MBS CORP US N 2 2036-10-15 Floating 6.324 N N N N N N BX Commercial Mortgage Trust 2021-SOAR N/A BX COMMERCIAL MORTGAGE TRUST 2021-SOAR 05608WAA2 4642024.310000 PA USD 4551682.160000 0.2022000945 Long ABS-MBS CORP US N 2 2038-06-15 Floating 6.095 N N N N N N N/A N/A BACARDI MARTINI 4/2 144A CP 5.9000 20230929 000000000 11600000.000000 PA USD 11548175.720000 0.5130064314 Long DBT CORP US N 2 2023-09-29 None 0.0 N N N N N N Baidu Inc 254900AL64IANZYI1E02 BAIDU INC 056752AK4 7700000.000000 PA USD 7688026.500000 0.3415264138 Long DBT CORP KY N 2 2023-09-29 Fixed 3.875 N N N N N N Banco Santander SA 5493006QMFDDMYWIAM13 BANCO SANTANDER SA 05971KAN9 5000000.000000 PA USD 5015085.000000 0.2227859120 Long DBT CORP ES N 2 2024-05-24 Floating 6.545463 N N N N N N Bank of America Corp 9DJT3UXIJIZJI4WXO774 BANK OF AMERICA CORP 06051GJU4 15000000.000000 PA USD 14977440.000000 0.6653451794 Long DBT CORP US N 2 2025-04-22 Floating 6.019599 N N N N N N Bank of Ireland Group PLC 635400C8EK6DRI12LJ39 BANK OF IRELAND GROUP PLC 06279JAA7 27452000.000000 PA USD 27312626.200000 1.2133131016 Long DBT CORP IE N 2 2023-11-25 Fixed 4.5 N N N N N N Bank of Montreal NQQ6HPCNCCU6TUTQYE16 BANK OF MONTREAL 06367WYQ0 10000000.000000 PA USD 9975000.000000 0.4431209983 Long DBT CORP CA N 2 2024-07-09 Floating 5.547331 N N N N N N Bank of Nova Scotia/The L3I9ZG2KFGXZ61BMYR72 BANK OF NOVA SCOTIA/THE 0641593W4 7145000.000000 PA USD 7136068.750000 0.3170067076 Long DBT CORP CA N 2 2024-04-15 Floating 5.691509 N N N N N N Bank of Nova Scotia/The L3I9ZG2KFGXZ61BMYR72 BANK OF NOVA SCOTIA/THE 064159YN0 12544000.000000 PA USD 12544000.000000 0.5572440905 Long DBT CORP CA N 2 2023-09-15 Floating 5.741465 N N N N N N Banque Federative du Credit Mutuel SA VBHFXSYT7OG62HNT8T76 BANQUE FEDERATIVE DU CREDIT MUTUEL SA 06675FBA4 14800000.000000 PA USD 14753646.400000 0.6554035610 Long DBT CORP FR N 2 2026-07-13 Fixed 5.896 N N N N N N Barclays PLC 213800LBQA1Y9L22JB70 BARCLAYS PLC 06738EAC9 11420000.000000 PA USD 11194272.280000 0.4972849231 Long DBT CORP GB N 2 2024-09-11 Fixed 4.375 N N N N N N Barclays PLC 213800LBQA1Y9L22JB70 BARCLAYS PLC 06738EBZ7 8300000.000000 PA USD 8163373.700000 0.3626428374 Long DBT CORP GB N 2 2026-08-09 Variable 5.304 N N N N N N Brighthouse Financial Global Funding 549300BLFX3KJ2IFOA78 BRIGHTHOUSE FINANCIAL GLOBAL FUNDING 10921U2A5 970000.000000 PA USD 940893.210000 0.0417974475 Long DBT CORP US N 2 2024-04-12 Fixed 1.0 N N N N N N Brighthouse Financial Global Funding 549300BLFX3KJ2IFOA78 BRIGHTHOUSE FINANCIAL GLOBAL FUNDING 10921U2B3 18003000.000000 PA USD 17875610.770000 0.7940910767 Long DBT CORP US N 2 2024-04-12 Floating 6.09847 N N N N N N Brighthouse Financial Global Funding 549300BLFX3KJ2IFOA78 BRIGHTHOUSE FINANCIAL GLOBAL FUNDING 10921U2H0 5000000.000000 PA USD 4710505.000000 0.2092555066 Long DBT CORP US N 2 2025-01-13 Fixed 1.75 N N N N N N Brixmor Operating Partnership LP 549300CJHBL7JBUA6503 BRIXMOR OPERATING PARTNERSHIP LP 11120VAF0 605000.000000 PA USD 590640.330000 0.0262381085 Long DBT CORP US N 2 2024-06-15 Fixed 3.65 N N N N N N Brown & Brown Inc 549300PC8KTJ71XKFY89 BROWN & BROWN INC 115236AA9 2850000.000000 PA USD 2793065.550000 0.1240767915 Long DBT CORP US N 2 2024-09-15 Fixed 4.2 N N N N N N BX Commercial Mortgage Trust 2020-VKNG N/A BX COMMERCIAL MORTGAGE TRUST 2020-VKNG 12433YAA5 3876195.490000 PA USD 3835978.800000 0.1704062913 Long ABS-MBS CORP US N 2 2037-10-15 Floating 6.355 N N N N N N CDW LLC / CDW Finance Corp N/A CDW LLC / CDW FINANCE CORP 12513GBA6 3675000.000000 PA USD 3652031.250000 0.1622347602 Long DBT CORP US N 2 2024-12-01 Fixed 5.5 N N N N N N COLT 2020-3 Mortgage Loan Trust N/A COLT 2020-3 MORTGAGE LOAN TRUST 12597QAA4 1111203.650000 PA USD 1033810.200000 0.0459251136 Long ABS-MBS CORP US N 2 2065-04-27 Variable 1.506 N N N N N N CNO Financial Group Inc 11XPYHB76MPM4Y4P2897 CNO FINANCIAL GROUP INC 12621EAK9 8012000.000000 PA USD 7821715.000000 0.3474652791 Long DBT CORP US N 2 2025-05-30 Fixed 5.25 N N N N N N Canadian Imperial Bank of Commerce 2IGI19DL77OX0HC3ZE78 CANADIAN IMPERIAL BANK OF COMMERCE 13607GRT3 6257000.000000 PA USD 6257000.000000 0.2779556979 Long DBT CORP CA N 2 2023-12-14 Floating 5.59039 N N N N N N Canadian Natural Resources Ltd 549300T15RIMIKZC5Q38 CANADIAN NATURAL RESOURC 4/2 144A CP 0.0000 20230925 000000000 20600000.000000 PA USD 20514295.350000 0.9113097779 Long DBT CORP US N 2 2023-09-25 None 0.0 N N N N N N Capital One Financial Corp ZUE8T73ROZOF6FLBAR73 CAPITAL ONE FINANCIAL CORP 14040HBZ7 1890000.000000 PA USD 1833513.570000 0.0814504625 Long DBT CORP US N 2 2025-04-30 Fixed 4.25 N N N N N N Capital One Financial Corp ZUE8T73ROZOF6FLBAR73 CAPITAL ONE FINANCIAL CORP 14040HCM5 7060000.000000 PA USD 6656393.920000 0.2956980370 Long DBT CORP US N 2 2026-03-03 Variable 2.636 N N N N N N Capital One Financial Corp ZUE8T73ROZOF6FLBAR73 CAPITAL ONE FINANCIAL CORP 14040HCR4 10000000.000000 PA USD 9943740.000000 0.4417323304 Long DBT CORP US N 2 2025-05-09 Floating 6.667196 N N N N N N CarMax Auto Owner Trust 2020-4 N/A CARMAX AUTO OWNER TRUST 2020-4 14316HAE2 500000.000000 PA USD 470215.000000 0.0208884351 Long ABS-O CORP US N 2 2026-06-15 Fixed 0.85 N N N N N N Carmax Auto Owner Trust 2023-3 N/A CARMAX AUTO OWNER TRUST 2023-3 14319BAC6 1660000.000000 PA USD 1659512.960000 0.0737208060 Long ABS-O CORP US N 2 2028-05-15 Fixed 5.28 N N N N N N Carmax Auto Owner Trust 2023-3 N/A CARMAX AUTO OWNER TRUST 2023-3 14319BAH5 2490000.000000 PA USD 2494789.520000 0.1108264283 Long ABS-O CORP US N 2 2026-11-16 Floating 5.311 N N N N N N Carvana Auto Receivables Trust 2021-N4 N/A CARVANA AUTO RECEIVABLES TRUST 2021-N4 14687HAC7 2608283.950000 PA USD 2410737.740000 0.1070925829 Long ABS-O CORP US N 2 2028-09-11 Fixed 1.24 N N N N N N Carvana Auto Receivables Trust 2023-N1 N/A CARVANA AUTO RECEIVABLES TRUST 2023-N1 14688FAB2 8607451.890000 PA USD 8622563.130000 0.3830414819 Long ABS-O CORP US N 2 2027-04-12 Fixed 6.36 N N N N N N Carvana Auto Receivables Trust 2023-P3 N/A CARVANA AUTO RECEIVABLES TRUST 2023-P3 14688GAB0 8075000.000000 PA USD 8075120.320000 0.3587223436 Long ABS-O CORP US N 2 2026-11-10 Fixed 6.09 N N N N N N Celulosa Arauco y Constitucion SA 549300QEKV8G0AMNQD28 CELULOSA ARAUCO Y CONSTITUCION SA 151191AZ6 10000000.000000 PA USD 9830367.600000 0.4366959704 Long DBT CORP CL N 2 2024-08-01 Fixed 4.5 N N N N N N Central Texas Regional Mobility Authority N/A CENTRAL TEXAS REGIONAL MOBILITY AUTHORITY 155498JA7 500000.000000 PA USD 492922.600000 0.0218971784 Long DBT MUN US N 2 2024-01-01 Fixed 1.345 N N N N N N Central Texas Regional Mobility Authority N/A CENTRAL TEXAS REGIONAL MOBILITY AUTHORITY 155498JR0 510000.000000 PA USD 502893.050000 0.0223400973 Long DBT MUN US N 2 2024-01-01 Fixed 1.645 N N N N N N Charter Communications Operating LLC / Charter Communications Operating Capital N/A CHARTER COMMUNICATIONS OPERATING LLC / CHARTER COMMUNICATIONS OPERATING CAPITAL 161175AY0 12940000.000000 PA USD 12710302.060000 0.5646317531 Long DBT CORP US N 2 2025-07-23 Fixed 4.908 N N N N N N Cheniere Corpus Christi Holdings LLC 549300I7CIEWU1BBLQ53 CHENIERE CORPUS CHRISTI HOLDINGS LLC 16412XAC9 9818000.000000 PA USD 9781182.500000 0.4345110129 Long DBT CORP US N 2 2025-03-31 Fixed 5.875 N N N N N N Chicago Transit Authority Capital Grant Receipts Revenue N/A CHICAGO TRANSIT AUTHORITY CAPITAL GRANT RECEIPTS REVENUE 167723GN9 100000.000000 PA USD 101949.180000 0.0045289045 Long DBT MUN US N 2 2025-06-01 Fixed 5.0 N N N N N N Chicago Transit Authority Sales Tax Receipts Fund N/A CHICAGO TRANSIT AUTHORITY SALES TAX RECEIPTS FUND 16772PCJ3 870000.000000 PA USD 862318.940000 0.0383069303 Long DBT MUN US N 2 2023-12-01 Fixed 1.838 N N N N N N Citigroup Mortgage Loan Trust Inc 549300R1KUK063S4I339 CITIGROUP MORTGAGE LOAN TRUST INC 17328PAQ6 6147366.870000 PA USD 5078685.870000 0.2256112634 Long ABS-MBS CORP US N 2 2050-08-25 Variable 2.5 N N N N N N Citigroup Mortgage Loan Trust Inc 549300R1KUK063S4I339 CITIGROUP MORTGAGE LOAN TRUST INC 17328PAX1 1486142.580000 PA USD 1203545.580000 0.0534652951 Long ABS-MBS CORP US N 2 2050-08-25 Variable 2.5 N N N N N N CNO Global Funding 6354008GTNR4833ULD48 CNO GLOBAL FUNDING 18977W2B5 2966000.000000 PA USD 2775357.380000 0.1232901386 Long DBT CORP US N 2 2025-01-06 Fixed 1.65 N N N N N N Columbia Pipelines Holding Co LLC N/A COLUMBIA PIPELINES HOLDING CO LLC 19828AAA5 875000.000000 PA USD 883652.880000 0.0392546513 Long DBT CORP US N 2 2026-08-15 Fixed 6.055 N N N N N N PNC Bank NA AD6GFRVSDT01YPT1CS68 PNC BANK NA 20453KAA3 6125000.000000 PA USD 5925416.880000 0.2632257286 Long DBT CORP US N 2 2025-04-10 Fixed 3.875 N N N N N N Connecticut Avenue Securities Trust 2021-R01 N/A CONNECTICUT AVENUE SECURITIES TRUST 2021-R01 20754RAA4 204964.200000 PA USD 204324.710000 0.0090767488 Long ABS-MBS CORP US N 2 2041-10-25 Floating 6.038 N N N N N N Connecticut Avenue Securities Trust 2023-R02 N/A CONNECTICUT AVENUE SECURITIES TRUST 2023-R02 20755AAB8 6257960.410000 PA USD 6336184.920000 0.2814733421 Long ABS-MBS CORP US N 2 2043-01-25 Floating 7.588 N N N N N N Connecticut Avenue Securities Trust 2023-R05 N/A CONNECTICUT AVENUE SECURITIES TRUST 2023-R05 207942AA1 5591430.840000 PA USD 5615921.310000 0.2494769581 Long ABS-MBS CORP US N 2 2043-06-25 Floating 7.196 N N N N N N Corebridge Financial Inc 549300XY1661QCIA7J65 COREBRIDGE FINANCIAL INC 21871XAB5 9650000.000000 PA USD 9269288.200000 0.4117710517 Long DBT CORP US N 2 2025-04-04 Fixed 3.5 N N N N N N Cox Communications Inc 5493001NEDZNIFRP2R92 COX COMMUNICATIONS INC 224044CH8 7900000.000000 PA USD 7691645.400000 0.3416871768 Long DBT CORP US N 2 2024-08-15 Fixed 3.15 N N N N N N UBS Group AG 549300SZJ9VS8SGXAN81 UBS GROUP AG 225401AM0 7750000.000000 PA USD 7470364.500000 0.3318571804 Long DBT CORP CH N 2 2025-09-11 Variable 2.593 N N N N N N Credit Suisse AG/New York NY 549300D0YARF5HYP1809 CREDIT SUISSE AG/NEW YORK NY 22550UAF8 4000000.000000 PA USD 3944184.000000 0.1752131079 Long DBT CORP CH N 2 2025-02-21 Floating 6.564309 N N N N N N DCP Midstream Operating LP 549300Y6CTBSE0QIPL28 DCP MIDSTREAM OPERATING LP 23311VAG2 17268000.000000 PA USD 17095320.000000 0.7594280967 Long DBT CORP US N 2 2025-07-15 Fixed 5.375 N N N N N N DLLAD 2023-1 LLC N/A DLLAD 2023-1 LLC 233258AB8 4355000.000000 PA USD 4327164.580000 0.1922263146 Long ABS-O CORP US N 2 2026-04-20 Fixed 5.19 N N N N N N Daimler Truck Finance North America LLC 5493003HSDTSCZRXBA58 DAIMLER TRUCK FINANCE NORTH AMERICA LLC 233853AE0 12843000.000000 PA USD 12826329.790000 0.5697860713 Long DBT CORP US N 2 2024-12-13 Floating 6.110393 N N N N N N Daimler Truck Finance North America LLC 5493003HSDTSCZRXBA58 DAIMLER TRUCK FINANCE NORTH AMERICA LLC 233853AK6 10000000.000000 PA USD 10016740.000000 0.4449752209 Long DBT CORP US N 2 2024-04-05 Floating 6.346063 N N N N N N Dallas Fort Worth International Airport N/A DALLAS FORT WORTH INTERNATIONAL AIRPORT 2350366K1 500000.000000 PA USD 496441.450000 0.0220534968 Long DBT MUN US N 2 2023-11-01 Fixed 1.041 N N N N N N Danske Bank A/S MAES062Z21O4RZ2U7M96 DANSKE BANK A/S 23636AAT8 2916000.000000 PA USD 2901533.720000 0.1288952901 Long DBT CORP DK N 2 2024-01-12 Fixed 5.375 N N N N N N Danske Bank A/S MAES062Z21O4RZ2U7M96 DANSKE BANK A/S 23636ABD2 6675000.000000 PA USD 6546573.000000 0.2908194449 Long DBT CORP DK N 2 2025-03-28 Variable 3.773 N N N N N N Danske Bank A/S MAES062Z21O4RZ2U7M96 DANSKE BANK A/S 23636ABF7 12695000.000000 PA USD 12680895.860000 0.5633254369 Long DBT CORP DK N 2 2026-01-09 Variable 6.466 N N N N N N Deephaven Residential Mortgage Trust 2021-1 N/A DEEPHAVEN RESIDENTIAL MORTGAGE TRUST 2021-1 24380VAA9 5066786.150000 PA USD 4619970.090000 0.2052336600 Long ABS-MBS CORP US N 2 2065-05-25 Variable 0.715 N N N N N N Dell Equipment Finance Trust 2023-2 N/A DELL EQUIPMENT FINANCE TRUST 2023-2 24703GAC8 8985000.000000 PA USD 9012828.340000 0.4003782949 Long ABS-O CORP US N 2 2029-01-22 Fixed 5.65 N N N N N N Deutsche Bank AG/New York NY 7LTWFZYICNSX8D621K86 DEUTSCHE BANK AG/NEW YORK NY 251526BY4 800000.000000 PA USD 783716.800000 0.0348151750 Long DBT CORP DE N 2 2024-05-30 Fixed 3.7 N N N N N N Deutsche Bank AG/New York NY 7LTWFZYICNSX8D621K86 DEUTSCHE BANK AG/NEW YORK NY 251526CL1 20000000.000000 PA USD 19988500.000000 0.8879522882 Long DBT CORP DE N 2 2023-11-08 Floating 5.819554 N N N N N N Discover Bank X05BVSK68TQ7YTOSNR22 DISCOVER BANK 25466AAQ4 13142000.000000 PA USD 12602994.010000 0.5598647907 Long DBT CORP US N 2 2024-09-12 Fixed 2.45 N N N N N N Drive Auto Receivables Trust 2020-2 N/A DRIVE AUTO RECEIVABLES TRUST 2020-2 26208VAG1 630000.000000 PA USD 619031.070000 0.0274993149 Long ABS-O CORP US N 2 2028-05-15 Fixed 3.05 N N N N N N EQT Corp 4NT01YGM4X7ZX86ISY52 EQT CORP 26884LAH2 7000000.000000 PA USD 6982500.000000 0.3101846988 Long DBT CORP US N 2 2025-02-01 Variable 6.125 N N N N N N Eagle RE 2021-2 Ltd N/A EAGLE RE 2021-2 LTD 26982AAA2 2509244.300000 PA USD 2509514.290000 0.1114805491 Long ABS-MBS CORP BM N 2 2034-04-25 Floating 6.838 N N N N N N Elara HGV Timeshare Issuer 2017-A LLC N/A ELARA HGV TIMESHARE ISSUER 2017-A LLC 28416DAA8 2303218.030000 PA USD 2215408.530000 0.0984154426 Long ABS-O CORP US N 2 2030-03-25 Fixed 2.69 N N N N N N Enbridge Inc 98TPTUM4IVMFCZBCUR27 ENBRIDGE INC 29250NBM6 14625000.000000 PA USD 14632473.380000 0.6500206729 Long DBT CORP CA N 2 2024-02-16 Floating 5.935567 N N N N N N N/A N/A ENERGY TRANSFER PARTNERS 4/2 CP 0.0000 20230901 000000000 19000000.000000 PA USD 18996992.110000 0.8439063768 Long DBT CORP US N 2 2023-09-01 None 0.0 N N N N N N Energy Transfer LP MTLVN9N7JE8MIBIJ1H73 ENERGY TRANSFER LP 29278NAM5 6578000.000000 PA USD 6569941.950000 0.2918575675 Long DBT CORP US N 2 2024-01-15 Fixed 5.875 N N N N N N Enterprise Fleet Financing 2023-1 LLC N/A ENTERPRISE FLEET FINANCING 2023-1 LLC 29375CAB5 12345000.000000 PA USD 12271329.980000 0.5451312272 Long ABS-O CORP US N 2 2029-01-22 Fixed 5.51 N N N N N N Enterprise Fleet Financing 2023-2 LLC N/A ENTERPRISE FLEET FINANCING 2023-2 LLC 29375NAB1 9575000.000000 PA USD 9531968.990000 0.4234401619 Long ABS-O CORP US N 2 2030-04-22 Fixed 5.56 N N N N N N Equitable Financial Life Global Funding 635400B4JJBON4TCHF02 EQUITABLE FINANCIAL LIFE GLOBAL FUNDING 29449WAA5 5684000.000000 PA USD 5232355.040000 0.2324377332 Long DBT CORP US N 2 2025-07-07 Fixed 1.4 N N N N N N Equitable Financial Life Global Funding 635400B4JJBON4TCHF02 EQUITABLE FINANCIAL LIFE GLOBAL FUNDING 29449WAP2 6820000.000000 PA USD 6758333.560000 0.3002265177 Long DBT CORP US N 2 2025-12-02 Fixed 5.5 N N N N N N Constellation Energy Generation LLC S2PEWKCZFFECR4533P43 CONSTELLATION ENERGY GENERATION LLC 30161MAS2 1272000.000000 PA USD 1216570.060000 0.0540438837 Long DBT CORP US N 2 2025-06-01 Fixed 3.25 N N N N N N Exeter Automobile Receivables Trust 2023-4 N/A EXETER AUTOMOBILE RECEIVABLES TRUST 2023-4 30166TAB9 5120000.000000 PA USD 5119323.650000 0.2274165219 Long ABS-O CORP US N 2 2025-12-15 Fixed 6.07 N N N N N N Exeter Automobile Receivables Trust 2023-4 N/A EXETER AUTOMOBILE RECEIVABLES TRUST 2023-4 30166TAD5 3315000.000000 PA USD 3320713.400000 0.1475165751 Long ABS-O CORP US N 2 2027-10-15 Fixed 6.31 N N N N N N Exeter Automobile Receivables Trust 2022-3 N/A EXETER AUTOMOBILE RECEIVABLES TRUST 2022-3 30166YAD4 5400000.000000 PA USD 5356973.340000 0.2379736716 Long ABS-O CORP US N 2 2026-12-15 Fixed 4.86 N N N N N N Exeter Automobile Receivables Trust 2022-5 N/A EXETER AUTOMOBILE RECEIVABLES TRUST 2022-5 30167FAD4 3034000.000000 PA USD 3018821.810000 0.1341055974 Long ABS-O CORP US N 2 2027-03-15 Fixed 5.97 N N N N N N Exeter Automobile Receivables Trust 2023-1 N/A EXETER AUTOMOBILE RECEIVABLES TRUST 2023-1 30168BAD2 8978000.000000 PA USD 8919346.730000 0.3962255466 Long ABS-O CORP US N 2 2027-04-15 Fixed 5.72 N N N N N N Exeter Automobile Receivables Trust 2023-3 N/A EXETER AUTOMOBILE RECEIVABLES TRUST 2023-3 301989AD1 12335000.000000 PA USD 12315458.890000 0.5470915727 Long ABS-O CORP US N 2 2027-09-15 Fixed 6.11 N N N N N N Fannie Mae Connecticut Avenue Securities B1V7KEBTPIMZEU4LTD58 FANNIE MAE CONNECTICUT AVENUE SECURITIES 30711XL28 1664923.290000 PA USD 1659849.940000 0.0737357757 Long ABS-MBS USGSE US N 2 2030-10-25 Floating 5.311 N N N N N N Fannie Mae Connecticut Avenue Securities B1V7KEBTPIMZEU4LTD58 FANNIE MAE CONNECTICUT AVENUE SECURITIES 30711XM92 826384.920000 PA USD 823866.760000 0.0365987630 Long ABS-MBS USGSE US N 2 2030-10-25 Floating 5.311 N N N N N N Fannie Mae Connecticut Avenue Securities B1V7KEBTPIMZEU4LTD58 FANNIE MAE CONNECTICUT AVENUE SECURITIES 30711XQA5 683413.340000 PA USD 683016.960000 0.0303417701 Long ABS-MBS USGSE US N 2 2030-01-25 Floating 5.311 N N N N N N Fannie Mae REMICS B1V7KEBTPIMZEU4LTD58 FANNIE MAE REMICS 3136AL5R8 141279.990000 PA USD 136096.300000 0.0060458274 Long ABS-MBS USGSE US N 2 2045-01-25 Floating 5.311 N N N N N N Freddie Mac REMICS S6XOOCT0IEG5ABCC6L87 FREDDIE MAC REMICS 3137BGE39 172940.220000 PA USD 165503.810000 0.0073522019 Long ABS-MBS USGSE US N 2 2045-02-15 Floating 5.311 N N N N N N Fifth Third Bancorp THRNG6BD57P9QWTQLG42 FIFTH THIRD BANCORP 316773CY4 2540000.000000 PA USD 2416624.580000 0.1073540949 Long DBT CORP US N 2 2025-01-28 Fixed 2.375 N N N N N N Fifth Third Bank NA QFROUN1UWUYU0DVIWD51 FIFTH THIRD BANK NA 31677AAB0 10505000.000000 PA USD 9784787.710000 0.4346711677 Long DBT CORP US N 2 2026-03-15 Fixed 3.85 N N N N N N Fifth Third Bank NA QFROUN1UWUYU0DVIWD51 FIFTH THIRD BANK NA 31677QBT5 2950000.000000 PA USD 2907021.450000 0.1291390724 Long DBT CORP US N 2 2025-10-27 Variable 5.852 N N N N N N First American Financial Corp 549300B6VEZK3N0A1P55 FIRST AMERICAN FINANCIAL CORP 31847RAF9 2210000.000000 PA USD 2171148.200000 0.0964492589 Long DBT CORP US N 2 2024-11-15 Fixed 4.6 N N N N N N Ford Credit Auto Lease Trust 2023-A N/A FORD CREDIT AUTO LEASE TRUST 2023-A 345287AF3 4690000.000000 PA USD 4623434.360000 0.2053875538 Long ABS-O CORP US N 2 2026-06-15 Fixed 5.29 N N N N N N Ford Credit Floorplan Master Owner Trust A 5493001DTG5N7T8BG747 FORD CREDIT FLOORPLAN MASTER OWNER TRUST A 34528QHM9 5195000.000000 PA USD 5183390.730000 0.2302625839 Long ABS-O CORP US N 2 2025-09-15 Fixed 0.98 N N N N N N Ford Credit Floorplan Master Owner Trust A 5493001DTG5N7T8BG747 FORD CREDIT FLOORPLAN MASTER OWNER TRUST A 34528QHX5 4495000.000000 PA USD 4430420.780000 0.1968132811 Long ABS-O CORP US N 2 2028-05-15 Fixed 5.31 N N N N N N Ford Credit Auto Owner Trust 2020-REV1 N/A FORD CREDIT AUTO OWNER TRUST 2020-REV1 34531NAC0 5075000.000000 PA USD 4795282.240000 0.2130215793 Long ABS-O CORP US N 2 2031-08-15 Fixed 2.29 N N N N N N Freddie Mac STACR REMIC Trust 2021-DNA3 5493000ISUYHCRLRBE46 FREDDIE MAC STACR REMIC TRUST 2021-DNA3 35564KED7 3659366.480000 PA USD 3642204.050000 0.1617982050 Long ABS-MBS USGSE US N 2 2033-10-25 Floating 6.038 N N N N N N Freddie Mac STACR REMIC Trust 2021-HQA2 5493000ISM9M3KNO6J64 FREDDIE MAC STACR REMIC TRUST 2021-HQA2 35564KFN4 1143968.960000 PA USD 1140033.710000 0.0506438973 Long ABS-MBS USGSE US N 2 2033-12-25 Floating 5.988 N N N N N N Freddie Mac STACR REMIC Trust 2023-DNA1 5493000IRILHAKSCHN59 FREDDIE MAC STACR REMIC TRUST 2023-DNA1 35564KP37 2486419.840000 PA USD 2508946.800000 0.1114553394 Long ABS-MBS USGSE US N 2 2043-03-25 Floating 7.396 N N N N N N Freddie Mac STACR REMIC Trust 2022-DNA2 5493000ISA3AUOXQEF68 FREDDIE MAC STACR REMIC TRUST 2022-DNA2 35564KRE1 3501152.650000 PA USD 3492389.970000 0.1551429905 Long ABS-MBS USGSE US N 2 2042-02-25 Floating 6.588 N N N N N N Freddie Mac STACR REMIC Trust 2022-DNA5 5493000IS349P4O9HR58 FREDDIE MAC STACR REMIC TRUST 2022-DNA5 35564KYN3 6631795.550000 PA USD 6778955.090000 0.3011425912 Long ABS-MBS USGSE US N 2 2042-06-25 Floating 8.238 N N N N N N GMF Floorplan Owner Revolving Trust N/A GMF FLOORPLAN OWNER REVOLVING TRUST 361886CN2 2145000.000000 PA USD 2131715.370000 0.0946975281 Long ABS-O CORP US N 2 2025-10-15 Fixed 0.96 N N N N N N GM Financial Automobile Leasing Trust 2023-2 N/A GM FINANCIAL AUTOMOBILE LEASING TRUST 2023-2 362548AF6 3920000.000000 PA USD 3873502.920000 0.1720732312 Long ABS-O CORP US N 2 2027-05-20 Fixed 5.54 N N N N N N GS Mortgage-Backed Securities Trust 2020-NQM1 N/A GS MORTGAGE-BACKED SECURITIES TRUST 2020-NQM1 36259WAA9 960762.280000 PA USD 879120.060000 0.0390532891 Long ABS-MBS CORP US N 2 2060-09-27 Variable 1.382 N N N N N N GS Mortgage-Backed Securities Corp Trust 2021-PJ5 N/A GS MORTGAGE-BACKED SECURITIES CORP TRUST 2021-PJ5 36261HAF7 14270399.400000 PA USD 12714300.820000 0.5648093907 Long ABS-MBS CORP US N 2 2051-10-25 Variable 2.5 N N N N N N GS Mortgage Securities Corp Trust 2021-ROSS N/A GS MORTGAGE SECURITIES CORP TRUST 2021-ROSS 36264YAA8 6665000.000000 PA USD 5930214.410000 0.2634388501 Long ABS-MBS CORP US N 2 2026-05-15 Floating 6.575 N N N N N N GM Financial Automobile Leasing Trust 2022-2 N/A GM FINANCIAL AUTOMOBILE LEASING TRUST 2022-2 36266FAE9 6700000.000000 PA USD 6538563.500000 0.2904636377 Long ABS-O CORP US N 2 2026-05-20 Fixed 4.02 N N N N N N Galton Funding Mortgage Trust 2019-2 N/A GALTON FUNDING MORTGAGE TRUST 2019-2 36418AAG2 299167.800000 PA USD 273133.200000 0.0121334392 Long ABS-MBS CORP US N 2 2059-06-25 Variable 4.0 N N N N N N Galton Funding Mortgage Trust 2020-H1 N/A GALTON FUNDING MORTGAGE TRUST 2020-H1 36418HAB8 3216044.300000 PA USD 2866588.930000 0.1273429322 Long ABS-MBS CORP US N 2 2060-01-25 Variable 2.413 N N N N N N General Motors Financial Co Inc 5493008B6JBRUJ90QL97 GENERAL MOTORS FINANCIAL CO INC 37045XDF0 20000000.000000 PA USD 19987440.000000 0.8879051996 Long DBT CORP US N 2 2024-03-08 Floating 6.124068 N N N N N N General Motors Financial Co Inc 5493008B6JBRUJ90QL97 GENERAL MOTORS FINANCIAL CO INC 37045XDN3 15000000.000000 PA USD 14940450.000000 0.6637019668 Long DBT CORP US N 2 2024-10-15 Floating 5.956329 N N N N N N Goldman Sachs Group Inc/The 784F5XWPLTWKTBV3E584 GOLDMAN SACHS GROUP INC/THE 38141GYF5 10000000.000000 PA USD 9990440.000000 0.4438068919 Long DBT CORP US N 2 2024-09-10 Floating 5.862561 N N N N N N Goldman Sachs Group Inc/The 784F5XWPLTWKTBV3E584 GOLDMAN SACHS GROUP INC/THE 38141GZJ6 9950000.000000 PA USD 9927632.400000 0.4410167799 Long DBT CORP US N 2 2025-01-24 Floating 6.03103 N N N N N N Goldman Sachs Group Inc/The 784F5XWPLTWKTBV3E584 GOLDMAN SACHS GROUP INC/THE 38141GZQ0 5000000.000000 PA USD 5017640.000000 0.2228994131 Long DBT CORP US N 2 2024-03-15 Floating 6.748863 N N N N N N Gray Oak Pipeline LLC N/A GRAY OAK PIPELINE LLC 38937LAA9 24536000.000000 PA USD 24490608.400000 1.0879501597 Long DBT CORP US N 2 2023-09-15 Fixed 2.0 N N N N N N Great Wolf Trust 2019-WOLF N/A GREAT WOLF TRUST 2019-WOLF 39152TAA8 10000000.000000 PA USD 9957377.000000 0.4423381290 Long ABS-MBS CORP US N 2 2036-12-15 Floating 6.458 N N N N N N HCA Inc L3CJ6J7LJ2DX62FTXD46 HCA INC 404119BN8 100000.000000 PA USD 99250.000000 0.0044089984 Long DBT CORP US N 2 2024-03-15 Fixed 5.0 N N N N N N HCA Inc L3CJ6J7LJ2DX62FTXD46 HCA INC 404119BR9 15750000.000000 PA USD 15651562.500000 0.6952918296 Long DBT CORP US N 2 2025-02-01 Fixed 5.375 N N N N N N HSBC Holdings PLC MLU0ZO3ML4LN2LL2TL39 HSBC HOLDINGS PLC 404280AP4 20041000.000000 PA USD 19816981.700000 0.8803329037 Long DBT CORP GB N 2 2024-03-14 Fixed 4.25 N N N N N N HSBC Holdings PLC MLU0ZO3ML4LN2LL2TL39 HSBC HOLDINGS PLC 404280CZ0 10000000.000000 PA USD 9969290.000000 0.4428673421 Long DBT CORP GB N 2 2024-11-22 Floating 5.888589 N N N N N N HPEFS Equipment Trust 2021-2 N/A HPEFS EQUIPMENT TRUST 2021-2 40441JAD3 5250000.000000 PA USD 5197777.200000 0.2309016764 Long ABS-O CORP US N 2 2028-09-20 Fixed 0.61 N N N N N N HPEFS Equipment Trust N/A HPEFS EQUIPMENT TRUST 40441RAD5 6000000.000000 PA USD 5768959.800000 0.2562754111 Long ABS-O CORP US N 2 2029-05-21 Fixed 1.79 N N N N N N HPEFS Equipment Trust 2023-1 N/A HPEFS EQUIPMENT TRUST 2023-1 40443DAB8 3425000.000000 PA USD 3408888.800000 0.1514336048 Long ABS-O CORP US N 2 2025-08-20 Fixed 5.43 N N N N N N Hardee s Funding LLC N/A HARDEE'S FUNDING LLC 411707AD4 2590800.000000 PA USD 2436841.710000 0.1082522036 Long ABS-O CORP US N 2 2048-06-20 Fixed 4.959 N N N N N N Harley-Davidson Financial Services Inc RLUFFFFW4GRYU77BTS24 HARLEY DAVIDSON FINL SER 4/2 144A CP 0.0000 20230906 000000000 6500000.000000 PA USD 6493976.650000 0.2884829490 Long DBT CORP US N 2 2023-09-06 None 0.0 N N N N N N Hilton Grand Vacations Trust 2017-A N/A HILTON GRAND VACATIONS TRUST 2017-A 43283AAA3 26030.100000 PA USD 25870.390000 0.0011492444 Long ABS-O CORP US N 2 2028-12-26 Fixed 2.66 N N N N N N Hilton Grand Vacations Trust 2019-A N/A HILTON GRAND VACATIONS TRUST 2019-A 43284HAA7 490374.020000 PA USD 460028.890000 0.0204359359 Long ABS-O CORP US N 2 2033-07-25 Fixed 2.34 N N N N N N Huntington Bancshares Inc/OH 549300XTVCVV9I7B5T19 HUNTINGTON BANCSHARES INC/OH 446150AQ7 3775000.000000 PA USD 3643203.430000 0.1618426006 Long DBT CORP US N 2 2024-08-06 Fixed 2.625 N N N N N N Huntington National Bank/The 2WHM8VNJH63UN14OL754 HUNTINGTON NATIONAL BANK/THE 44644MAH4 7745000.000000 PA USD 7606046.960000 0.3378846238 Long DBT CORP US N 2 2025-11-18 Variable 5.699 N N N N N N Hyatt Hotels Corp T27JQIMTYSH41TCD5186 HYATT HOTELS CORP 448579AL6 6255000.000000 PA USD 6233238.860000 0.2769001530 Long DBT CORP US N 2 2023-10-01 Fixed 1.3 N N N N N N Hyundai Capital America 549300RIPPWJB5Z0FK07 HYUNDAI CAPITAL AMERICA 44891ABN6 7540000.000000 PA USD 6942221.260000 0.3083953900 Long DBT CORP US N 2 2025-10-15 Fixed 1.8 N N N N N N Hyundai Capital America 549300RIPPWJB5Z0FK07 HYUNDAI CAPITAL AMERICA 44891ACB1 1610000.000000 PA USD 1599813.530000 0.0710687688 Long DBT CORP US N 2 2026-03-30 Fixed 5.5 N N N N N N Hyundai Capital America 549300RIPPWJB5Z0FK07 HYUNDAI CAPITAL AMERICA 44891ACG0 4800000.000000 PA USD 4787395.200000 0.2126712121 Long DBT CORP US N 2 2026-06-26 Fixed 5.65 N N N N N N Hyundai Auto Lease Securitization Trust 2021-B N/A HYUNDAI AUTO LEASE SECURITIZATION TRUST 2021-B 44891VAE1 20345000.000000 PA USD 20018841.170000 0.8893001388 Long ABS-O CORP US N 2 2026-03-16 Fixed 0.62 N N N N N N Imperial Brands Finance PLC 2138008L3B3MCG1DFS50 IMPERIAL BRANDS FINANCE PLC 45262BAA1 4200000.000000 PA USD 4089624.000000 0.1816740120 Long DBT CORP GB N 2 2024-07-26 Fixed 3.125 N N N N N N Imperial Fund Mortgage Trust 2021-NQM2 N/A IMPERIAL FUND MORTGAGE TRUST 2021-NQM2 452761AA7 8757910.800000 PA USD 6873211.900000 0.3053297763 Long ABS-MBS CORP US N 2 2056-09-25 Variable 1.073 N N N N N N Imperial Brands Finance PLC 2138008L3B3MCG1DFS50 IMPERIAL BRANDS FINANCE PLC 453140AF2 9935000.000000 PA USD 9565338.520000 0.4249225418 Long DBT CORP GB N 2 2025-07-21 Fixed 4.25 N N N N N N Intesa Sanpaolo SpA 2W8N8UU78PMDQKZENC08 INTESA SANPAOLO SPA 46115HAP2 9510000.000000 PA USD 9475878.120000 0.4209484283 Long DBT CORP IT N 2 2024-01-12 Fixed 5.25 N N N N N N Intesa Sanpaolo SpA 2W8N8UU78PMDQKZENC08 INTESA SANPAOLO SPA 46115HBJ5 8275000.000000 PA USD 7978250.230000 0.3544190683 Long DBT CORP IT N 2 2024-09-23 Fixed 3.25 N N N N N N JPMorgan Chase Bank NA - CACLN N/A JPMORGAN CHASE BANK NA - CACLN 46591HAN0 25800.830000 PA USD 25704.620000 0.0011418804 Long ABS-O CORP US N 2 2028-01-25 Fixed 0.991 N N N N N N JPMorgan Chase Bank NA - CACLN N/A JPMORGAN CHASE BANK NA - CACLN 46591HAU4 512190.830000 PA USD 506232.670000 0.0224884537 Long ABS-O CORP US N 2 2028-02-25 Fixed 0.84 N N N N N N JPMorgan Chase Bank NA - CACLN N/A JPMORGAN CHASE BANK NA - CACLN 46591HBR0 457705.930000 PA USD 445690.280000 0.0197989696 Long ABS-O CORP US N 2 2028-09-25 Fixed 0.875 N N N N N N JPMorgan Chase Bank NA - CACLN N/A JPMORGAN CHASE BANK NA - CACLN 46591HCD0 5513269.600000 PA USD 5264332.250000 0.2338582619 Long ABS-O CORP US N 2 2029-02-26 Fixed 0.76 N N N N N N JP Morgan Mortgage Trust 2020-INV2 N/A JP MORGAN MORTGAGE TRUST 2020-INV2 46652KAG4 88477.330000 PA USD 87518.470000 0.0038878468 Long ABS-MBS CORP US N 2 2050-10-25 Variable 2.5 N N N N N N J.P. Morgan Chase Commercial Mortgage Securities Trust 2020-609M N/A J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2020-609M 46652RAA2 9870000.000000 PA USD 9149981.530000 0.4064710727 Long ABS-MBS CORP US N 2 2033-10-15 Floating 6.795 N N N N N N JPMorgan Chase Bank NA - CACLN N/A JPMORGAN CHASE BANK NA - CACLN 48128U2M0 5414138.960000 PA USD 5250221.030000 0.2332313969 Long ABS-O CORP US N 2 2028-12-26 Fixed 0.889 N N N N N N Kinder Morgan Inc 549300WR7IX8XE0TBO16 KINDER MORGAN INC 49456BAB7 6186000.000000 PA USD 6178471.640000 0.2744672202 Long DBT CORP US N 2 2023-11-15 Fixed 5.625 N N N N N N Kubota Credit Owner Trust 2023-2 N/A KUBOTA CREDIT OWNER TRUST 2023-2 500945AB6 3340000.000000 PA USD 3338074.490000 0.1482878096 Long ABS-O CORP US N 2 2026-07-15 Fixed 5.61 N N N N N N Kubota Credit Owner Trust 2023-2 N/A KUBOTA CREDIT OWNER TRUST 2023-2 500945AC4 2555000.000000 PA USD 2550134.770000 0.1132850391 Long ABS-O CORP US N 2 2028-01-18 Fixed 5.28 N N N N N N LSEGA Financing PLC 2138009YFYTGEHZNNZ09 LSEGA FINANCING PLC 50220PAA1 14175000.000000 PA USD 13698620.780000 0.6085359915 Long DBT CORP GB N 2 2024-04-06 Fixed 0.65 N N N N N N LSEGA Financing PLC 2138009YFYTGEHZNNZ09 LSEGA FINANCING PLC 50220PAB9 6650000.000000 PA USD 5977518.750000 0.2655402582 Long DBT CORP GB N 2 2026-04-06 Fixed 1.375 N N N N N N Lloyds Banking Group PLC 549300PPXHEU2JF0AM85 LLOYDS BANKING GROUP PLC 539439AV1 7735000.000000 PA USD 7334798.840000 0.3258349257 Long DBT CORP GB N 2 2026-02-05 Variable 2.438 N N N N N N Lloyds Banking Group PLC 549300PPXHEU2JF0AM85 LLOYDS BANKING GROUP PLC 53944YAA1 2050000.000000 PA USD 2006675.300000 0.0891428534 Long DBT CORP GB N 2 2024-11-04 Fixed 4.5 N N N N N N Lloyds Banking Group PLC 549300PPXHEU2JF0AM85 LLOYDS BANKING GROUP PLC 53944YAF0 4771000.000000 PA USD 4646543.690000 0.2064141432 Long DBT CORP GB N 2 2025-05-08 Fixed 4.45 N N N N N N M&T Equipment 2023-LEAF1 Notes N/A M&T EQUIPMENT 2023-LEAF1 NOTES 551925AA8 3070000.000000 PA USD 3067248.670000 0.1362568714 Long ABS-O CORP US N 2 2030-07-15 Fixed 6.09 N N N N N N M&T Equipment 2023-LEAF1 Notes N/A M&T EQUIPMENT 2023-LEAF1 NOTES 551925AB6 4135000.000000 PA USD 4124184.490000 0.1832092981 Long ABS-O CORP US N 2 2030-07-15 Fixed 5.74 N N N N N N MMAF Equipment Finance LLC 2023-A N/A MMAF EQUIPMENT FINANCE LLC 2023-A 55317WAB7 7035000.000000 PA USD 7030221.120000 0.3123046217 Long ABS-O CORP US N 2 2026-11-13 Fixed 5.79 N N N N N N MVW 2021-1W LLC N/A MVW 2021-1W LLC 55389TAA9 2776664.540000 PA USD 2524784.410000 0.1121588961 Long ABS-O CORP US N 2 2041-01-22 Fixed 1.14 N N N N N N MVW 2020-1 LLC N/A MVW 2020-1 LLC 55400EAA7 49914.550000 PA USD 45843.720000 0.0020365228 Long ABS-O CORP US N 2 2037-10-20 Fixed 1.74 N N N N N N Warnermedia Holdings Inc 549300DXR29GD4N0A520 WARNERMEDIA HOLDINGS INC 55903VAX1 9925000.000000 PA USD 9974625.000000 0.4431043396 Long DBT CORP US N 2 2024-03-15 Floating 6.9440555768 N N N N N N Warnermedia Holdings Inc 549300DXR29GD4N0A520 WARNERMEDIA HOLDINGS INC 55903VAZ6 14430000.000000 PA USD 13945209.720000 0.6194902509 Long DBT CORP US N 2 2025-03-15 Fixed 3.638 N N N N N N Mattel Inc 549300VELLG24KHTJ564 MATTEL INC 577081BE1 5675000.000000 PA USD 5284843.750000 0.2347694475 Long DBT CORP US N 2 2026-04-01 Fixed 3.375 N N N N N N Microchip Technology Inc 5493007PTFULNYZJ1R12 MICROCHIP TECHNOLOGY INC 595017AZ7 4595000.000000 PA USD 4594205.070000 0.2040890964 Long DBT CORP US N 2 2023-09-01 Fixed 2.67 N N N N N N Microchip Technology Inc 5493007PTFULNYZJ1R12 MICROCHIP TECHNOLOGY INC 595017BB9 7600000.000000 PA USD 7427928.400000 0.3299720349 Long DBT CORP US N 2 2024-02-15 Fixed 0.972 N N N N N N Micron Technology Inc B3DXGBC8GAIYWI2Z0172 MICRON TECHNOLOGY INC 595112BM4 6528000.000000 PA USD 6413760.000000 0.2849194721 Long DBT CORP US N 2 2026-02-06 Fixed 4.975 N N N N N N Mitsubishi UFJ Financial Group Inc 353800V2V8PUY9TK3E06 MITSUBISHI UFJ FINANCIAL GROUP INC 606822CQ5 17165000.000000 PA USD 17006996.180000 0.7555044737 Long DBT CORP JP N 2 2025-09-12 Variable 5.063 N N N N N N Mitsubishi UFJ Financial Group Inc 353800V2V8PUY9TK3E06 MITSUBISHI UFJ FINANCIAL GROUP INC 606822CV4 4310000.000000 PA USD 4289359.410000 0.1905468896 Long DBT CORP JP N 2 2026-02-20 Variable 5.719 N N N N N N MMAF Equipment Finance LLC 2020-B N/A MMAF EQUIPMENT FINANCE LLC 2020-B 60700KAE2 2400000.000000 PA USD 2222277.600000 0.0987205883 Long ABS-O CORP US N 2 2042-04-14 Fixed 0.85 N N N N N N Morgan Stanley IGJSJL3JD5P30I6NJZ34 MORGAN STANLEY 61747YEP6 10000000.000000 PA USD 10026010.000000 0.4453870236 Long DBT CORP US N 2 2025-04-17 Floating 6.499734 N N N N N N Utah Acquisition Sub Inc 254900JOFV74IJ7H9933 UTAH ACQUISITION SUB INC 62854AAN4 13605000.000000 PA USD 12864085.310000 0.5714632907 Long DBT CORP US N 2 2026-06-15 Fixed 3.95 N N N N N N NLT 2021-INV2 Trust N/A NLT 2021-INV2 TRUST 62917JAA8 16267481.780000 PA USD 13177735.520000 0.5853966235 Long ABS-MBS CORP US N 2 2056-08-25 Variable 1.162 N N N N N N NRG Energy Inc 5E2UPK5SW04M13XY7I38 NRG ENERGY INC 629377CK6 670000.000000 PA USD 653331.740000 0.0290230589 Long DBT CORP US N 2 2024-06-15 Fixed 3.75 N N N N N N Nasdaq Inc 549300L8X1Q78ERXFD06 NASDAQ INC 63111XAG6 1725000.000000 PA USD 1734164.930000 0.0770370822 Long DBT CORP US N 2 2025-06-28 Fixed 5.65 N N N N N N Nature Conservancy/The 549300GJ1IZME7V1JJ28 NATURE CONSERVANCY/THE 63902HAG4 650000.000000 PA USD 623239.500000 0.0276862666 Long DBT CORP US N 2 2024-07-01 Fixed 0.625 N N N N N N NatWest Group PLC 2138005O9XJIJN4JPN90 NATWEST GROUP PLC 639057AJ7 3200000.000000 PA USD 3181398.400000 0.1413277629 Long DBT CORP GB N 2 2027-03-02 Variable 5.847 N N N N N N NatWest Markets PLC RR3QWICWWIPCS8A4S074 NATWEST MARKETS PLC 63906YAC2 6315000.000000 PA USD 6291312.440000 0.2794799648 Long DBT CORP GB N 2 2024-08-12 Floating 5.844838 N N N N N N NatWest Markets PLC RR3QWICWWIPCS8A4S074 NATWEST MARKETS PLC 63906YAF5 2483000.000000 PA USD 2487943.650000 0.1105223132 Long DBT CORP GB N 2 2025-03-22 Floating 6.803592 N N N N N N Navient Private Education Loan Trust 2016-A 549300JSCKIU587G1R13 NAVIENT PRIVATE EDUCATION LOAN TRUST 2016-A 63939NAB9 7250208.860000 PA USD 7047126.160000 0.3130555969 Long ABS-O CORP US N 2 2045-12-15 Fixed 3.91 N N N N N N Navient Private Education Loan Trust 2017-A N/A NAVIENT PRIVATE EDUCATION LOAN TRUST 2017-A 63939XAC5 108643.120000 PA USD 108545.080000 0.0048219152 Long ABS-O CORP US N 2 2058-12-16 Floating 6.325 N N N N N N Navient Private Education Refi Loan Trust 2020-D N/A NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2020-D 63941HAA0 558459.040000 PA USD 502997.520000 0.0223447382 Long ABS-O CORP US N 2 2069-05-15 Fixed 1.69 N N N N N N Navient Private Education Refi Loan Trust 2020-F N/A NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2020-F 63941XAA5 2289554.700000 PA USD 2045569.220000 0.0908706441 Long ABS-O CORP US N 2 2069-07-15 Fixed 1.22 N N N N N N Navient Private Education Refi Loan Trust 2021-c N/A NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2021-C 63942JAA5 11505904.200000 PA USD 9843839.520000 0.4372944356 Long ABS-O CORP US N 2 2069-10-15 Fixed 1.06 N N N N N N Navient Private Education Refi Loan Trust 2021-G N/A NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2021-G 63942KAA2 10710296.270000 PA USD 9235307.470000 0.4102615204 Long ABS-O CORP US N 2 2070-04-15 Fixed 1.58 N N N N N N Nelnet Student Loan Trust 2021-D N/A NELNET STUDENT LOAN TRUST 2021-D 64034YAA9 4078991.410000 PA USD 4013224.200000 0.1782800916 Long ABS-O CORP US N 2 2062-04-20 Floating 6.118 N N N N N N NextEra Energy Capital Holdings Inc UMI46YPGBLUE4VGNNT48 NEXTERA ENERGY CAPITAL HOLDINGS INC 65339KBX7 9800000.000000 PA USD 9802783.200000 0.4354705842 Long DBT CORP US N 2 2023-11-03 Floating 5.710958 N N N N N N Nissan Motor Acceptance Co LLC 7D6DIU2QXTUJRFNNJA49 NISSAN MOTOR ACCEPTANCE CO LLC 654740BL2 5000000.000000 PA USD 4993610.000000 0.2218319246 Long DBT CORP US N 2 2023-09-21 Fixed 3.875 N N N N N N Nissan Motor Co Ltd 353800DRBDH1LUTNAY26 NISSAN MOTOR CO LTD 654744AA9 17346000.000000 PA USD 17330510.020000 0.7698759801 Long DBT CORP JP N 2 2023-09-15 Fixed 3.043 N N N N N N Nordstrom Inc 549300S3IZB5P35KNV16 NORDSTROM INC 655664AX8 9395000.000000 PA USD 9066175.000000 0.4027481220 Long DBT CORP US N 2 2024-04-08 Fixed 2.3 N N N N N N OBX 2018-EXP1 Trust N/A OBX 2018-EXP1 TRUST 67097VAS3 100313.990000 PA USD 99633.960000 0.0044260551 Long ABS-MBS CORP US N 2 2048-04-25 Floating 6.279 N N N N N N OBX 2019-EXP3 Trust N/A OBX 2019-EXP3 TRUST 67113ABB5 151144.590000 PA USD 147202.840000 0.0065392150 Long ABS-MBS CORP US N 2 2059-10-25 Floating 6.329 N N N N N N OBX 2020-INV1 Trust N/A OBX 2020-INV1 TRUST 67113CAL0 502981.670000 PA USD 468713.330000 0.0208217262 Long ABS-MBS CORP US N 2 2049-12-25 Floating 6.0 N N N N N N OBX 2020-EXP1 Trust N/A OBX 2020-EXP1 TRUST 67448TAP0 687465.780000 PA USD 601177.210000 0.0267061900 Long ABS-MBS CORP US N 2 2060-02-25 Variable 3.5 N N N N N N OBX 2020-EXP3 Trust N/A OBX 2020-EXP3 TRUST 67448WAP3 3815682.820000 PA USD 3248002.320000 0.1442865194 Long ABS-MBS CORP US N 2 2060-01-25 Variable 3.0 N N N N N N Occidental Petroleum Corp IM7X0T3ECJW4C1T7ON55 OCCIDENTAL PETROLEUM CORP 674599DC6 3725000.000000 PA USD 3692406.250000 0.1640283452 Long DBT CORP US N 2 2026-03-15 Fixed 5.55 N N N N N N Occidental Petroleum Corp IM7X0T3ECJW4C1T7ON55 OCCIDENTAL PETROLEUM CORP 674599DZ5 2100000.000000 PA USD 2260125.000000 0.1004018894 Long DBT CORP US N 2 2027-07-15 Fixed 8.5 N N N N N N Occidental Petroleum Corp IM7X0T3ECJW4C1T7ON55 OCCIDENTAL PETROLEUM CORP 674599EB7 9528000.000000 PA USD 9492270.000000 0.4216766074 Long DBT CORP US N 2 2025-09-01 Fixed 5.875 N N N N N N Occidental Petroleum Corp IM7X0T3ECJW4C1T7ON55 OCCIDENTAL PETROLEUM CORP 674599EE1 2145000.000000 PA USD 2118187.500000 0.0940965774 Long DBT CORP US N 2 2025-12-01 Fixed 5.5 N N N N N N Octane Receivables Trust 2021-1 N/A OCTANE RECEIVABLES TRUST 2021-1 67571AAA3 3738731.820000 PA USD 3654928.520000 0.1623634661 Long ABS-O CORP US N 2 2027-03-22 Fixed 0.93 N N N N N N Octane Receivables Trust 2023-1 N/A OCTANE RECEIVABLES TRUST 2023-1 67571BAA1 2904553.040000 PA USD 2893527.650000 0.1285396352 Long ABS-O CORP US N 2 2029-05-21 Fixed 5.87 N N N N N N Octane Receivables Trust 2023-1 N/A OCTANE RECEIVABLES TRUST 2023-1 67571BAB9 3904000.000000 PA USD 3861999.600000 0.1715622174 Long ABS-O CORP US N 2 2029-07-20 Fixed 5.96 N N N N N N Octane Receivables Trust 2022-1 N/A OCTANE RECEIVABLES TRUST 2022-1 67571EAB3 3390079.430000 PA USD 3340426.970000 0.1483923142 Long ABS-O CORP US N 2 2028-03-20 Fixed 4.18 N N N N N N Octane Receivables Trust 2023-2 N/A OCTANE RECEIVABLES TRUST 2023-2 67571QAB6 8645000.000000 PA USD 8597269.230000 0.3819178470 Long ABS-O CORP US N 2 2031-06-20 Fixed 5.88 N N N N N N Octane Receivables Trust 2021-2 N/A OCTANE RECEIVABLES TRUST 2021-2 67578AAA6 4618016.190000 PA USD 4452808.970000 0.1978078352 Long ABS-O CORP US N 2 2028-09-20 Fixed 1.21 N N N N N N ONE 2021-PARK Mortgage Trust N/A ONE 2021-PARK MORTGAGE TRUST 682413AA7 7110000.000000 PA USD 6753016.140000 0.2999903011 Long ABS-MBS CORP US N 2 2036-03-15 Floating 6.124 N N N N N N ONEOK Inc 2T3D6M0JSY48PSZI1Q41 ONEOK INC 682680BH5 3310000.000000 PA USD 3303393.240000 0.1467471589 Long DBT CORP US N 2 2026-11-01 Fixed 5.55 N N N N N N Ovintiv Inc 2549003MEX7YMKLGI239 OVINTIV INC 4/2 CP 6.2500 20230911 000000000 11000000.000000 PA USD 10980613.160000 0.4877935103 Long DBT CORP US N 2 2023-09-11 None 0.0 N N N N N N Ovintiv Inc 2549003MEX7YMKLGI239 OVINTIV INC 4/2 CP 0.0000 20230918 000000000 4900000.000000 PA USD 4885794.900000 0.2170424375 Long DBT CORP US N 2 2023-09-18 None 0.0 N N N N N N Ovintiv Inc 2549003MEX7YMKLGI239 OVINTIV INC 69047QAA0 5920000.000000 PA USD 5908527.040000 0.2624754286 Long DBT CORP US N 2 2025-05-15 Fixed 5.65 N N N N N N PNC Financial Services Group Inc/The CFGNEKW0P8842LEUIA51 PNC FINANCIAL SERVICES GROUP INC/THE 693475BQ7 4980000.000000 PA USD 4979546.820000 0.2212071938 Long DBT CORP US N 2 2026-06-12 Variable 5.812 N N N N N N PNC Bank NA AD6GFRVSDT01YPT1CS68 PNC BANK NA 69349LAQ1 5948000.000000 PA USD 5749318.960000 0.2554029030 Long DBT CORP US N 2 2025-11-01 Fixed 4.2 N N N N N N PSMC 2021-2 Trust N/A PSMC 2021-2 TRUST 69376CAC8 11213207.530000 PA USD 9697816.540000 0.4308076337 Long ABS-MBS CORP US N 2 2051-05-25 Variable 2.5 N N N N N N Pacific Gas and Electric Co 1HNPXZSMMB7HMBMVBS46 PACIFIC GAS AND ELECTRIC CO 694308KE6 9900000.000000 PA USD 9666973.800000 0.4294375018 Long DBT CORP US N 2 2025-06-08 Fixed 4.95 N N N N N N Penske Truck Leasing Co Lp / PTL Finance Corp N/A PENSKE TRUCK LEASING CO LP / PTL FINANCE CORP 709599AZ7 2900000.000000 PA USD 2801843.700000 0.1244667446 Long DBT CORP US N 2 2025-03-10 Fixed 3.95 N N N N N N Penske Truck Leasing Co Lp / PTL Finance Corp N/A PENSKE TRUCK LEASING CO LP / PTL FINANCE CORP 709599BG8 2519000.000000 PA USD 2416600.130000 0.1073530087 Long DBT CORP US N 2 2024-11-01 Fixed 2.7 N N N N N N Perrigo Finance Unlimited Co 549300E86RB6YCTMRM83 PERRIGO FINANCE UNLIMITED CO 714295AC6 3364000.000000 PA USD 3233645.000000 0.1436487219 Long DBT CORP IE N 2 2024-12-15 Fixed 3.9 N N N N N N Pioneer Natural Resources Co FY8JBF7CCL2VE4F1B628 PIONEER NATURAL RESOURCES CO 723787AV9 2585000.000000 PA USD 2564930.060000 0.1139422926 Long DBT CORP US N 2 2026-03-29 Fixed 5.1 N N N N N N N/A N/A PLAINS ALL AMER PIPELINE 4/2 144A CP 5.6500 20230901 000000000 2300000.000000 PA USD 2299651.160000 0.1021577662 Long DBT CORP US N 2 2023-09-01 None 0.0 N N N N N N Principal Financial Group Inc CUMYEZJOAF02RYZ1JJ85 PRINCIPAL FINANCIAL GROUP INC 74251VAK8 3557000.000000 PA USD 3431057.300000 0.1524183996 Long DBT CORP US N 2 2025-05-15 Fixed 3.4 N N N N N N Principal Life Global Funding II 635400WSLKBQWSOIIT41 PRINCIPAL LIFE GLOBAL FUNDING II 74256LEM7 4800000.000000 PA USD 4798200.000000 0.2131511954 Long DBT CORP US N 2 2024-04-12 Floating 5.788517 N N N N N N Public Storage Operating Co 549300LMZF40TKJ6DM64 PUBLIC STORAGE OPERATING CO 74460WAB3 6305000.000000 PA USD 6305000.000000 0.2800880095 Long DBT CORP US N 2 2024-04-23 Floating 5.801034 N N N N N N Public Storage Operating Co 549300LMZF40TKJ6DM64 PUBLIC STORAGE OPERATING CO 74460WAJ6 6000000.000000 PA USD 5995956.000000 0.2663592991 Long DBT CORP US N 2 2025-07-25 Floating 5.89473 N N N N N N Quanta Services Inc SHVRXXEACT60MMH07S24 QUANTA SERVICES CP 0.0000 20230908 000000000 12000000.000000 PA USD 11984576.040000 0.5323927117 Long DBT CORP US N 2 2023-09-08 None 0.0 N N N N N N Realty Income Corp 549300CUWDAUZSH43859 REALTY INCOME CORP 756109BD5 1636000.000000 PA USD 1623743.090000 0.0721317954 Long DBT CORP US N 2 2024-02-06 Fixed 4.6 N N N N N N Energy Transfer LP / Regency Energy Finance Corp N/A ENERGY TRANSFER LP / REGENCY ENERGY FINANCE CORP 75886AAJ7 4209000.000000 PA USD 4198477.500000 0.1865096282 Long DBT CORP US N 2 2023-11-01 Fixed 4.5 N N N N N N T Rowe Price Government Reserve Investment Fund 5493007QR86JJLYO6D96 T ROWE PRICE GOVERNMENT RESERVE INVESTMENT FUND 76105Y109 2058.800000 NS USD 2058.800000 0.0000914584 Long STIV RF US N 1 N N N T Rowe Price Government Reserve Investment Fund 5493007QR86JJLYO6D96 T ROWE PRICE GOVERNMENT RESERVE INVESTMENT FUND - Collateral 76105YYY8 674690.000000 NS USD 674690.000000 0.0299718603 Long STIV RF US N 1 N N Reynolds American Inc 02S2RPPVO9RP4NEU2740 REYNOLDS AMERICAN INC 761713BG0 4250000.000000 PA USD 4159551.500000 0.1847804123 Long DBT CORP US N 2 2025-06-12 Fixed 4.45 N N N N N N Rogers Communications Inc/Ontario 54930030NVF3Y2OL0A78 ROGERS COMMUNICATIONS INC 775109BE0 5000000.000000 PA USD 4753330.000000 0.2111579283 Long DBT CORP CA N 2 2025-12-15 Fixed 3.625 N N N N N N Rogers Communications Inc/Ontario 54930030NVF3Y2OL0A78 ROGERS COMMUNICATIONS INC 775109CF6 16000000.000000 PA USD 15277488.000000 0.6786742591 Long DBT CORP CA N 2 2025-03-15 Fixed 2.95 N N N N N N SFS Auto Receivables Securitization Trust 2023-1 N/A SFS AUTO RECEIVABLES SECURITIZATION TRUST 2023-1 78398AAC7 3185000.000000 PA USD 3185914.730000 0.1415283925 Long ABS-O CORP US N 2 2027-03-22 Floating 6.038 N N N N N N SG Residential Mortgage Trust 2021-1 N/A SG RESIDENTIAL MORTGAGE TRUST 2021-1 784212AA0 15420709.800000 PA USD 11939569.380000 0.5303933737 Long ABS-MBS CORP US N 2 2061-07-25 Variable 1.16 N N N N N N SG Residential Mortgage Trust 2019-3 N/A SG RESIDENTIAL MORTGAGE TRUST 2019-3 78432BAA7 52842.030000 PA USD 51256.200000 0.0022769623 Long ABS-MBS CORP US N 2 2059-09-25 Variable 2.703 N N N N N N SMB Private Education Loan Trust 2014-A 549300XC4C7GRVLU6076 SMB PRIVATE EDUCATION LOAN TRUST 2014-A 784456AD7 592376.230000 PA USD 592886.270000 0.0263378803 Long ABS-O CORP US N 2 2032-04-15 Floating 6.925 N N N N N N SMB Private Education Loan Trust 2019-A 549300WEYOS38NWU8D22 SMB PRIVATE EDUCATION LOAN TRUST 2019-A 78449TAB7 1634116.900000 PA USD 1558916.310000 0.0692519851 Long ABS-O CORP US N 2 2036-07-15 Fixed 3.44 N N N N N N Santander UK Group Holdings PLC 549300F5XIFGNNW4CF72 SANTANDER UK GROUP HOLDINGS PLC 80281LAN5 10510000.000000 PA USD 10190737.730000 0.4527047495 Long DBT CORP GB N 2 2025-03-15 Variable 1.089 N N N N N N Santander Consumer Auto Receivables Trust 2021-B N/A SANTANDER CONSUMER AUTO RECEIVABLES TRUST 2021-B 802824AB8 400729.500000 PA USD 396081.120000 0.0175951741 Long ABS-O CORP US N 2 2028-10-16 Fixed 1.45 N N N N N N Santander UK PLC PTCQB104N23FMNK2RZ28 SANTANDER UK PLC 80283LAA1 5000000.000000 PA USD 4982455.000000 0.2213363843 Long DBT CORP GB N 2 2023-11-07 Fixed 5.0 N N N N N N Santander Drive Auto Receivables Trust 2023-3 N/A SANTANDER DRIVE AUTO RECEIVABLES TRUST 2023-3 80285XAC9 3115000.000000 PA USD 3106492.000000 0.1380001841 Long ABS-O CORP US N 2 2027-10-15 Fixed 5.61 N N N N N N Santander Drive Auto Receivables Trust 2023-3 N/A SANTANDER DRIVE AUTO RECEIVABLES TRUST 2023-3 80285XAD7 3735000.000000 PA USD 3719319.720000 0.1652239266 Long ABS-O CORP US N 2 2028-07-17 Fixed 5.61 N N N N N N Santander Retail Auto Lease Trust 2021-C N/A SANTANDER RETAIL AUTO LEASE TRUST 2021-C 80286CAE0 10135000.000000 PA USD 9769744.740000 0.4340029115 Long ABS-O CORP US N 2 2026-03-20 Fixed 0.83 N N N N N N Santander Retail Auto Lease Trust 2021-B N/A SANTANDER RETAIL AUTO LEASE TRUST 2021-B 80286DAE8 13860000.000000 PA USD 13460509.060000 0.5979583170 Long ABS-O CORP US N 2 2025-06-20 Fixed 0.84 N N N N N N Santander Retail Auto Lease Trust 2020-B N/A SANTANDER RETAIL AUTO LEASE TRUST 2020-B 80286RAE7 11555000.000000 PA USD 11451695.990000 0.5087204972 Long ABS-O CORP US N 2 2024-12-20 Fixed 0.82 N N N N N N Santander Retail Auto Lease Trust 2022-A N/A SANTANDER RETAIL AUTO LEASE TRUST 2022-A 80287CAE9 7555000.000000 PA USD 7171415.270000 0.3185769116 Long ABS-O CORP US N 2 2026-01-20 Fixed 1.61 N N N N N N Santander Drive Auto Receivables Trust 2023-1 N/A SANTANDER DRIVE AUTO RECEIVABLES TRUST 2023-1 80287GAD2 3385000.000000 PA USD 3325197.540000 0.1477157748 Long ABS-O CORP US N 2 2028-02-15 Fixed 4.98 N N N N N N Santander Bank NA - SBCLN N/A SANTANDER BANK NA - SBCLN 80290CAE4 1602715.870000 PA USD 1559295.730000 0.0692688402 Long ABS-O CORP US N 2 2031-12-15 Fixed 1.833 N N N N N N Santander Bank Auto Credit-Linked Notes Series 2022-A N/A SANTANDER BANK AUTO CREDIT-LINKED NOTES SERIES 2022-A 80290CAS3 6850790.480000 PA USD 6744386.740000 0.2996069559 Long ABS-O CORP US N 2 2032-05-15 Fixed 5.281 N N N N N N Santander Bank Auto Credit-Linked Notes Series 2022-B N/A SANTANDER BANK AUTO CREDIT-LINKED NOTES SERIES 2022-B 80290CAX2 2417643.920000 PA USD 2402373.600000 0.1067210213 Long ABS-O CORP US N 2 2032-08-16 Fixed 5.721 N N N N N N Santander Bank Auto Credit-Linked Notes Series 2023-A N/A SANTANDER BANK AUTO CREDIT-LINKED NOTES SERIES 2023-A 80290CBU7 3202193.230000 PA USD 3196645.750000 0.1420050983 Long ABS-O CORP US N 2 2033-06-15 Fixed 6.493 N N N N N N Santander Drive Auto Receivables Trust 2022-6 N/A SANTANDER DRIVE AUTO RECEIVABLES TRUST 2022-6 802918AD4 10350000.000000 PA USD 10160824.770000 0.4513759214 Long ABS-O CORP US N 2 2027-06-15 Fixed 4.72 N N N N N N Santander Drive Auto Receivables Trust 2023-4 N/A SANTANDER DRIVE AUTO RECEIVABLES TRUST 2023-4 802927AC7 9445000.000000 PA USD 9450129.580000 0.4198045969 Long ABS-O CORP US N 2 2027-01-15 Fixed 6.18 N N N N N N Santander Drive Auto Receivables Trust 2023-4 N/A SANTANDER DRIVE AUTO RECEIVABLES TRUST 2023-4 802927AD5 2060000.000000 PA USD 2064923.400000 0.0917304179 Long ABS-O CORP US N 2 2028-04-17 Fixed 5.73 N N N N N N Scentre Group Trust 1 / Scentre Group Trust 2 N/A SCENTRE GROUP TRUST 1 / SCENTRE GROUP TRUST 2 806213AB0 10550000.000000 PA USD 10182976.050000 0.4523599512 Long DBT CORP AU N 2 2025-02-12 Fixed 3.5 N N N N N N Charles Schwab Corp/The 549300VSGCJ7E698NM85 CHARLES SCHWAB CORP/THE 808513BM6 10000000.000000 PA USD 9987340.000000 0.4436691801 Long DBT CORP US N 2 2024-03-18 Floating 5.69372 N N N N N N Sempra PBBKGKLRK5S5C0Y4T545 SEMPRA 816851BQ1 4890000.000000 PA USD 4898831.340000 0.2176215573 Long DBT CORP US N 2 2026-08-01 Fixed 5.4 N N N N N N Sequoia Mortgage Trust 2018-CH1 549300ZUG1L9OO3W6B29 SEQUOIA MORTGAGE TRUST 2018-CH1 81747DAA7 200016.030000 PA USD 183722.100000 0.0081615158 Long ABS-MBS CORP US N 2 2048-03-25 Variable 4.0 N N N N N N Siemens Financieringsmaatschappij NV TAFO772JB70PDRN5VS48 SIEMENS FINANCIERINGSMAATSCHAPPIJ NV 82620KBB8 10000000.000000 PA USD 10000170.000000 0.4442391292 Long DBT CORP NL N 2 2024-03-11 Floating 5.7919 N N N N N N Sierra Timeshare 2020-2 Receivables Funding LLC N/A SIERRA TIMESHARE 2020-2 RECEIVABLES FUNDING LLC 826525AA5 136391.650000 PA USD 126740.850000 0.0056302288 Long ABS-O CORP US N 2 2037-07-20 Fixed 1.33 N N N N N N Sierra Timeshare 2019-3 Receivables Funding LLC N/A SIERRA TIMESHARE 2019-3 RECEIVABLES FUNDING LLC 82652NAA6 2221965.040000 PA USD 2093475.250000 0.0929987812 Long ABS-O CORP US N 2 2036-08-20 Fixed 2.34 N N N N N N Societe Generale SA O2RNE8IBXP4R0TD8PU41 SOCIETE GENERALE SA 83367TBG3 7815000.000000 PA USD 7760005.850000 0.3447239638 Long DBT CORP FR N 2 2024-01-17 Fixed 5.0 N N N N N N Societe Generale SA O2RNE8IBXP4R0TD8PU41 SOCIETE GENERALE SA 83367TBJ7 500000.000000 PA USD 482160.000000 0.0214190697 Long DBT CORP FR N 2 2025-04-14 Fixed 4.25 N N N N N N Societe Generale SA O2RNE8IBXP4R0TD8PU41 SOCIETE GENERALE SA 83368RBF8 10000000.000000 PA USD 9923230.000000 0.4408212114 Long DBT CORP FR N 2 2026-01-21 Floating 6.381793 N N N N N N Southern California Edison Co 9R1Z5I36FERIBVKW4P77 SOUTHERN CALIFORNIA EDISON CO 842400HC0 2475000.000000 PA USD 2475034.650000 0.1099488546 Long DBT CORP US N 2 2024-04-01 Floating 6.04466 N N N N N N Southern California Edison Co 9R1Z5I36FERIBVKW4P77 SOUTHERN CALIF EDISON CO 4/2 144A CP 0.0000 20230901 000000000 25600000.000000 PA USD 25595937.540000 1.1370523705 Long DBT CORP US N 2 2023-09-01 None 0.0 N N N N N N Southern Co/The 549300FC3G3YU2FBZD92 SOUTHERN CO/THE 842587DC8 8315000.000000 PA USD 8202173.770000 0.3643664591 Long DBT CORP US N 2 2024-08-01 Variable 4.475 N N N N N N Sprint LLC 549300ZTTY7CXOLJ6539 SPRINT LLC 85207UAH8 14750000.000000 PA USD 14860625.000000 0.6601558883 Long DBT CORP US N 2 2024-06-15 Fixed 7.125 N N N N N N Sprint LLC 549300ZTTY7CXOLJ6539 SPRINT LLC 85207UAK1 11141000.000000 PA USD 11544861.250000 0.5128591922 Long DBT CORP US N 2 2026-03-01 Fixed 7.625 N N N N N N Standard Chartered PLC U4LOSYZ7YG4W3S5F2G91 STANDARD CHARTERED PLC 853254AL4 2157000.000000 PA USD 2144439.790000 0.0952627870 Long DBT CORP GB N 2 2024-01-26 Fixed 5.2 N N N N N N Standard Chartered PLC U4LOSYZ7YG4W3S5F2G91 STANDARD CHARTERED PLC 853254CF5 5000000.000000 PA USD 4944605.000000 0.2196549678 Long DBT CORP GB N 2 2025-11-23 Floating 6.236246 N N N N N N Standard Chartered PLC U4LOSYZ7YG4W3S5F2G91 STANDARD CHARTERED PLC 853254CT5 5800000.000000 PA USD 5800580.000000 0.2576800802 Long DBT CORP GB N 2 2027-07-06 Variable 6.187 N N N N N N Starwood Mortgage Residential Trust 2020-INV N/A STARWOOD MORTGAGE RESIDENTIAL TRUST 2020-INV 85573EAA5 3214894.110000 PA USD 2825346.680000 0.1255108212 Long ABS-MBS CORP US N 2 2055-11-25 Variable 1.027 N N N N N N Starwood Mortgage Residential Trust 2021-2 N/A STARWOOD MORTGAGE RESIDENTIAL TRUST 2021-2 85573HAA8 2306644.000000 PA USD 2033994.990000 0.0903564803 Long ABS-MBS CORP US N 2 2065-05-25 Variable 0.943 N N N N N N Synchrony Financial 549300RS7EWPM9MA6C78 SYNCHRONY FINANCIAL 87165BAD5 3810000.000000 PA USD 3719767.770000 0.1652438303 Long DBT CORP US N 2 2024-08-15 Fixed 4.25 N N N N N N N/A N/A SYNGENTA WILMINGTON INC 4/2 144A CP 0.0000 20230905 000000000 2600000.000000 PA USD 2597891.480000 0.1154065430 Long DBT CORP US N 2 2023-09-05 None 0.0 N N N N N N N/A N/A SYNGENTA WILMINGTON INC 4/2 144A CP 0.0000 20230925 000000000 6000000.000000 PA USD 5974812.480000 0.2654200372 Long DBT CORP US N 2 2023-09-25 None 0.0 N N N N N N N/A N/A SYNGENTA WILMINGTON INC 4/2 144A CP 0.0000 20230928 000000000 3150000.000000 PA USD 3135153.010000 0.1392733967 Long DBT CORP US N 2 2023-09-28 None 0.0 N N N N N N Symphony Static CLO I Ltd N/A SYMPHONY STATIC CLO I LTD 87190TAA1 12636089.850000 PA USD 12555131.690000 0.5577385953 Long ABS-CBDO CORP KY N 2 2029-10-25 Floating 6.443 N N N N N N Take-Two Interactive Software Inc BOMSTHHJK882EWYX3334 TAKE-TWO INTERACTIVE SOFTWARE INC 874054AJ8 6250000.000000 PA USD 6186812.500000 0.2748377475 Long DBT CORP US N 2 2026-03-28 Fixed 5.0 N N N N N N Targa Resources Corp 5493003QENHHS261UR94 TARGA RESOURCES CORP 4/2 144A CP 6.1500 20230920 000000000 13700000.000000 PA USD 13660368.910000 0.6068367227 Long DBT CORP US N 2 2023-09-20 None 0.0 N N N N N N Tarrant County Cultural Education Facilities Finance Corp 549300ROY505NVTMMI25 TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP 87638QQU6 475000.000000 PA USD 475000.000000 0.0211009999 Long DBT MUN US N 2 2023-09-01 Fixed 1.071 N N N N N N Toronto-Dominion Bank/The PT3QB789TSUIDF371261 TORONTO-DOMINION BANK/THE 89114TZF2 10000000.000000 PA USD 9962840.000000 0.4425808127 Long DBT CORP CA N 2 2024-09-10 Floating 5.712561 N N N N N N Toronto-Dominion Bank/The PT3QB789TSUIDF371261 TORONTO-DOMINION BANK/THE 89115A2S0 1500000.000000 PA USD 1501896.000000 0.0667189629 Long DBT CORP CA N 2 2026-07-17 Fixed 5.532 N N N N N N Towd Point Mortgage Trust 2017-3 N/A TOWD POINT MORTGAGE TRUST 2017-3 89169DAA9 50016.580000 PA USD 48744.450000 0.0021653824 Long ABS-MBS CORP US N 2 2057-07-25 Variable 2.75 N N N N N N Towd Point Mortgage Trust 2017-5 N/A TOWD POINT MORTGAGE TRUST 2017-5 89169EAA7 103579.510000 PA USD 103806.900000 0.0046114303 Long ABS-MBS CORP US N 2 2057-02-25 Floating 5.118 N N N N N N Towd Point Mortgage Trust 2017-1 N/A TOWD POINT MORTGAGE TRUST 2017-1 89173FAA8 11540.750000 PA USD 11397.010000 0.0005062912 Long ABS-MBS CORP US N 2 2056-10-25 Variable 2.75 N N N N N N Towd Point Mortgage Trust 2017-4 N/A TOWD POINT MORTGAGE TRUST 2017-4 89173UAA5 140214.960000 PA USD 132331.880000 0.0058786000 Long ABS-MBS CORP US N 2 2057-06-25 Variable 2.75 N N N N N N Towd Point Mortgage Trust 2017-6 N/A TOWD POINT MORTGAGE TRUST 2017-6 89175JAA8 297109.900000 PA USD 281682.350000 0.0125132195 Long ABS-MBS CORP US N 2 2057-10-25 Variable 2.75 N N N N N N Towd Point Mortgage Trust 2018-2 N/A TOWD POINT MORTGAGE TRUST 2018-2 89175VAA1 453266.630000 PA USD 432433.630000 0.0192100674 Long ABS-MBS CORP US N 2 2058-03-25 Variable 3.25 N N N N N N Truist Financial Corp 549300DRQQI75D2JP341 TRUIST FINANCIAL CORP 89788MAF9 20000000.000000 PA USD 19486080.000000 0.8656332053 Long DBT CORP US N 2 2025-06-09 Floating 5.763389 N N N N N N UBS Group AG 549300SZJ9VS8SGXAN81 UBS GROUP AG 902613AX6 9000000.000000 PA USD 8687682.000000 0.3859342677 Long DBT CORP CH N 2 2025-03-26 Fixed 3.75 N N N N N N US Bancorp N1GZ7BBF3NP8GI976H15 US BANCORP 91159HHK9 4900000.000000 PA USD 4783654.400000 0.2125050339 Long DBT CORP US N 2 2024-09-11 Fixed 3.6 N N N N N N United States Treasury Bill 254900HROIFWPRGM1V77 UNITED STATES TREASURY BILL- WHEN ISSUED 912796ZY8 31865000.000000 PA USD 31179433.450000 1.3850888899 Long DBT UST US N 2 2024-01-25 None 0.0 N N N N N N United States Treasury Bill 254900HROIFWPRGM1V77 UNITED STATES TREASURY BILL 912797FJ1 24420000.000000 PA USD 24172167.530000 1.0738040107 Long DBT UST US N 2 2023-11-09 None 0.0 N N N N N N United States Treasury Note/Bond 254900HROIFWPRGM1V77 UNITED STATES TREASURY NOTE/BOND 91282CGU9 12500000.000000 PA USD 12273437.500000 0.5452248499 Long DBT UST US N 2 2025-03-31 Fixed 3.875 N N N N N N United States Treasury Note/Bond 254900HROIFWPRGM1V77 UNITED STATES TREASURY NOTE/BOND 91282CGV7 5500000.000000 PA USD 5380546.880000 0.2390208827 Long DBT UST US N 2 2026-04-15 Fixed 3.75 N N N N N N Verdant Receivables 2023-1 LLC N/A VERDANT RECEIVABLES 2023-1 LLC 92339GAB9 5280000.000000 PA USD 5271125.900000 0.2341600572 Long ABS-O CORP US N 2 2031-01-13 Fixed 6.24 N N N N N N Verizon Master Trust 5493007MUBNP1GFMEB89 VERIZON MASTER TRUST 92348KBL6 2180000.000000 PA USD 2159121.490000 0.0959149945 Long ABS-O CORP US N 2 2028-04-13 Fixed 4.89 N N N N N N Verus Securitization Trust 2020-1 N/A VERUS SECURITIZATION TRUST 2020-1 92536PAA2 638503.560000 PA USD 610677.380000 0.0271282176 Long ABS-MBS CORP US N 2 2060-01-25 Variable 2.417 N N N N N N Verus Securitization Trust 2019-INV2 N/A VERUS SECURITIZATION TRUST 2019-INV2 92537HAA9 445847.700000 PA USD 430519.720000 0.0191250454 Long ABS-MBS CORP US N 2 2059-07-25 Variable 3.913 N N N N N N Verus Securitization Trust 2019-4 N/A VERUS SECURITIZATION TRUST 2019-4 92537KAA2 1059831.050000 PA USD 1009674.020000 0.0448529082 Long ABS-MBS CORP US N 2 2059-11-25 Variable 2.642 N N N N N N Verus Securitization Trust 2019-INV3 N/A VERUS SECURITIZATION TRUST 2019-INV3 92537MAA8 783722.270000 PA USD 751119.890000 0.0333671173 Long ABS-MBS CORP US N 2 2059-11-25 Variable 2.692 N N N N N N Verus Securitization Trust 2021-1 N/A VERUS SECURITIZATION TRUST 2021-1 92537QAA9 5478107.520000 PA USD 4645773.180000 0.2063799147 Long ABS-MBS CORP US N 2 2066-01-25 Variable 0.815 N N N N N N Verus Securitization Trust 2020-INV1 N/A VERUS SECURITIZATION TRUST 2020-INV1 92537TAA3 401823.350000 PA USD 392336.180000 0.0174288120 Long ABS-MBS CORP US N 2 2060-03-25 Variable 1.977 N N N N N N Verus Securitization Trust 2020-2 N/A VERUS SECURITIZATION TRUST 2020-2 92537UAA0 499722.470000 PA USD 487069.750000 0.0216371763 Long ABS-MBS CORP US N 2 2060-05-25 Variable 2.226 N N N N N N Verus Securitization Trust 2021-R1 N/A VERUS SECURITIZATION TRUST 2021-R1 92538BAA1 1960354.860000 PA USD 1747160.190000 0.0776143727 Long ABS-MBS CORP US N 2 2063-10-25 Variable 0.82 N N N N N N Verus Securitization Trust 2020-5 N/A VERUS SECURITIZATION TRUST 2020-5 92538CAA9 2548859.140000 PA USD 2331046.640000 0.1035524526 Long ABS-MBS CORP US N 2 2065-05-25 Variable 1.218 N N N N N N Verus Securitization Trust 2021-R3 N/A VERUS SECURITIZATION TRUST 2021-R3 92538EAA5 7856773.210000 PA USD 6911994.660000 0.3070526290 Long ABS-MBS CORP US N 2 2064-04-25 Variable 1.02 N N N N N N Verus Securitization Trust 2021-2 N/A VERUS SECURITIZATION TRUST 2021-2 92538FAA2 4659154.850000 PA USD 3914957.830000 0.1739147892 Long ABS-MBS CORP US N 2 2066-02-25 Variable 1.031 N N N N N N Verus Securitization Trust 2021-5 N/A VERUS SECURITIZATION TRUST 2021-5 92538KAA1 12835912.020000 PA USD 10358746.580000 0.4601682332 Long ABS-MBS CORP US N 2 2066-09-25 Variable 1.013 N N N N N N Verus Securitization Trust 2020-4 N/A VERUS SECURITIZATION TRUST 2020-4 92538LAA9 935169.460000 PA USD 856225.910000 0.0380362586 Long ABS-MBS CORP US N 2 2065-05-25 Variable 1.502 N N N N N N Verus Securitization Trust 2023-3 N/A VERUS SECURITIZATION TRUST 2023-3 92539GAA9 9092614.020000 PA USD 9007919.050000 0.4001602087 Long ABS-MBS CORP US N 2 2068-03-25 Variable 5.93 N N N N N N Viatris Inc 254900ZZTSW7NL773X71 VIATRIS INC 92556VAB2 5207000.000000 PA USD 4821291.480000 0.2141769919 Long DBT CORP US N 2 2025-06-22 Fixed 1.65 N N N N N N Vista Point Securitization Trust 2020-2 N/A VISTA POINT SECURITIZATION TRUST 2020-2 92838TAA9 2415546.550000 PA USD 2184692.520000 0.0970509404 Long ABS-MBS CORP US N 2 2065-04-25 Variable 1.475 N N N N N N Vistra Operations Co LLC 549300ZH5GKBTJZ7NM23 VISTRA OPERATIONS CO LLC 92840VAD4 24655000.000000 PA USD 23976987.500000 1.0651334975 Long DBT CORP US N 2 2024-07-15 Fixed 3.55 N N N N N N Voya Financial Inc 549300T065Z4KJ686G75 VOYA FINANCIAL INC 929089AB6 17754000.000000 PA USD 16713225.010000 0.7424542307 Long DBT CORP US N 2 2026-06-15 Fixed 3.65 N N N N N N WPP Finance 2010 549300OJB3S151W7KN44 WPP FINANCE 2010 92936MAF4 18350000.000000 PA USD 17825501.950000 0.7918650846 Long DBT CORP GB N 2 2024-09-19 Fixed 3.75 N N N N N N Walgreens Boots Alliance Inc 549300RPTUOIXG4LIH86 WALGREENS BOOTS ALLIANCE INC 931427AH1 12500000.000000 PA USD 12211112.500000 0.5424561766 Long DBT CORP US N 2 2024-11-18 Fixed 3.8 N N N N N N Walgreens Boots Alliance Inc 549300RPTUOIXG4LIH86 WALGREENS BOOTS ALLIANCE 4/2 144A CP 6.0000 20231002 000000000 5300000.000000 PA USD 5271728.630000 0.2341868324 Long DBT CORP US N 2 2023-10-02 None 0.0 N N N N N N Western Midstream Operating LP L6D8A6MLSY454J2JXJ60 WESTERN MIDSTREAM OPERATING LP 958667AB3 6623000.000000 PA USD 6349801.250000 0.2820782224 Long DBT CORP US N 2 2025-02-01 Variable 3.1 N N N N N N Woori Bank 549300VUVMRL6RE7R376 WOORI BANK 98105HAC4 6800000.000000 PA USD 6731116.000000 0.2990174277 Long DBT CORP KR N 2 2024-04-30 Fixed 4.75 N N N N N N World Omni Select Auto Trust 2020-A N/A WORLD OMNI SELECT AUTO TRUST 2020-A 98163DAE8 3954716.190000 PA USD 3904422.880000 0.1734467934 Long ABS-O CORP US N 2 2026-06-15 Fixed 0.84 N N N N N N State Bank of India/London 5493001JZ37UBBZF6L49 STATE BANK OF INDIA/LONDON AU5885655 13300000.000000 PA USD 13287803.900000 0.5902862085 Long DBT CORP IN N 2 2023-09-28 Fixed 4.5 N N N N N N ING Bank NV 3TK20IVIUJ8J3ZU0QE75 ING BANK NV EJ8410783 3307000.000000 PA USD 3302049.420000 0.1466874622 Long DBT CORP NL N 2 2023-09-25 Fixed 5.8 N N N N N N Hana Bank 6RPK2YDJN6L35AS0M510 HANA BANK EJ8899977 12500000.000000 PA USD 12469150.000000 0.5539190171 Long DBT CORP KR N 2 2023-10-24 Fixed 4.625 N N N N N N Siam Commercial Bank PCL/Cayman Islands 54930068OELHUBHH1U03 SIAM COMMERCIAL BANK PCL/CAYMAN ISLANDS AW9410936 9800000.000000 PA USD 9715965.000000 0.4316138456 Long DBT CORP TH N 2 2024-02-11 Fixed 3.9 N N N N N N Indian Railway Finance Corp Ltd 335800F2JHSOGXQEBY56 INDIAN RAILWAY FINANCE CORP LTD AX8583459 8000000.000000 PA USD 7900280.000000 0.3509553845 Long DBT CORP IN N 2 2024-03-29 Fixed 3.73 N N N N N N HPHT Finance 19 Ltd 254900U58MWSWY66P584 HPHT FINANCE 19 LTD ZQ3747594 7278000.000000 PA USD 7026545.100000 0.3121413212 Long DBT CORP KY N 2 2024-11-05 Fixed 2.875 N N N N N N Emirates NBD Bank PJSC 54930029BCN8HF3B1286 EMIRATES NBD BANK PJSC ZP9886703 6400000.000000 PA USD 6105849.600000 0.2712411198 Long DBT CORP AE N 2 2025-02-18 Fixed 2.625 N N N N N N Japan Treasury Discount Bill 353800WZS8AXZXFUC241 JAPAN TREASURY DISCOUNT BILL ZI1830473 1592050000.000000 PA 10945539.340000 0.4862354205 Long DBT NUSS JP N 2 2023-11-13 None 0.0 N N N N N N Pelabuhan Indonesia Persero PT N/A PELABUHAN INDONESIA PERSERO PT EK5153128 5800000.000000 PA USD 5723475.550000 0.2542548571 Long DBT CORP ID N 2 2024-10-01 Fixed 4.875 N N N N N N HSBC SECURITIES INC CYYGQCGNHMHPSMRL3R97 USD/JPY FWD 20231113 MRMDUS33 000000000 1.000000 NC USD 71660.530000 0.0031833870 N/A DFE CORP US N 2 HSBC SECURITIES INC CYYGQCGNHMHPSMRL3R97 -1592050000.000000 JPY 11144811.280000 USD 2023-11-13 71660.530000 N N N N/A N/A US 5YR NOTE (CBT) DEC23 000000000 -719.000000 NC USD -489718.090000 -0.0217548240 N/A DIR CORP US N 1 GOLDMAN SACHS & CO FOR8UP27PHTHYVLBNG30 Short United States Treasury Note/Bond US TREASURY N/B 2023-12-29 -76387113.630000 USD -489718.090000 N N N AT&T Corp 4PD8YHHBETYIBWD91168 ICE_AT&T INC CDS 12/20/2023 000000000 1.000000 NC USD 89973.670000 0.0039969145 N/A DCR CORP US N 2 JP MORGAN CHASE BANK 7H6GLXDRUGQFU57RNE97 AT&T Inc AT&T INC Y Default Event 2023-12-20 295115.720000 USD 0.000000 USD 25000000.000000 USD -205142.050000 N N N Bank of America Corp 9DJT3UXIJIZJI4WXO774 ICE_BANK OF AMERICA CORP CDS 12/20/2023 000000000 1.000000 NC USD 81618.390000 0.0036257466 N/A DCR CORP US N 2 JP MORGAN CHASE BANK 7H6GLXDRUGQFU57RNE97 Bank of America Corp BANK OF AMERICA CORP Y Default Event 2023-12-20 276826.350000 USD 0.000000 USD 20000000.000000 USD -195207.960000 N N N Citigroup Inc 6SHGI4ZSSLCXXQSBB395 ICE_CITIGROUP INC CDS 12/20/2023 000000000 1.000000 NC USD 84529.490000 0.0037550669 N/A DCR CORP US N 2 JP MORGAN CHASE BANK 7H6GLXDRUGQFU57RNE97 Citigroup Inc CITIGROUP INC Y Default Event 2023-12-20 268600.290000 USD 0.000000 USD 20000000.000000 USD -184070.800000 N N N Verizon Communications Inc 2S72QS2UO2OESLG6Y829 ICE_VERIZON COMMUNICATIONS CDS 12/20/2023 000000000 1.000000 NC USD 92069.040000 0.0040899975 N/A DCR CORP US N 2 JP MORGAN CHASE BANK 7H6GLXDRUGQFU57RNE97 Verizon Communications Inc VERIZON COMMUNICATIONS Y Default Event 2023-12-20 343399.140000 USD 0.000000 USD 25000000.000000 USD -251330.100000 N N N Hess Corp UASVRYNXNK17ULIGK870 ICE_HESS CORP CDS 06/20/2024 000000000 1.000000 NC USD 75196.130000 0.0033404495 N/A DCR CORP US N 2 JP MORGAN CHASE BANK 7H6GLXDRUGQFU57RNE97 Hess Corp HESS CORP Y Default Event 2024-06-20 53695.170000 USD 0.000000 USD 10000000.000000 USD 21500.960000 N N N Devon Energy Corp 54930042348RKR3ZPN35 ICE_DEVON ENERGY CORP CDS 06/20/2024 000000000 1.000000 NC USD 71358.960000 0.0031699903 N/A DCR CORP US N 2 JP MORGAN CHASE BANK 7H6GLXDRUGQFU57RNE97 Devon Energy Corp DEVON ENERGY CORP Y Default Event 2024-06-20 18695.310000 USD 0.000000 USD 10000000.000000 USD 52663.650000 N N N N/A N/A 3 MONTH SOFR FUT MAR24 000000000 500.000000 NC USD 30251.250000 0.0013438561 N/A DIR CORP US N 1 CITIGROUP GLOBAL MARKETS INC MBNUM2BPBDO7JBLYG310 Long United States 90 Day Average SOFR Secured Overnight Financing Rate US 90 DAY AVERAGE SOFR 2024-06-18 118469748.750000 USD 30251.250000 N N N N/A N/A 3 MONTH SOFR FUT DEC24 000000000 -500.000000 NC USD -20728.750000 -0.0009208365 N/A DIR CORP US N 1 JP MORGAN CHASE BANK 7H6GLXDRUGQFU57RNE97 Short United States 90 Day Average SOFR Secured Overnight Financing Rate US 90 DAY AVERAGE SOFR 2025-03-18 -119766771.250000 USD -20728.750000 N N N N/A N/A US 2YR NOTE (CBT) DEC23 000000000 -289.000000 NC USD -174262.090000 -0.0077412723 N/A DIR CORP US N 1 CITIGROUP GLOBAL MARKETS INC MBNUM2BPBDO7JBLYG310 Short United States Treasury Note/Bond US TREASURY N/B 2023-12-29 -58725292.750000 USD -174262.090000 N N N N/A N/A US 10YR NOTE (CBT)DEC23 000000000 -379.000000 NC USD -420989.410000 -0.0187016790 N/A DIR CORP US N 1 JP MORGAN CHASE BANK 7H6GLXDRUGQFU57RNE97 Short United States Treasury Note/Bond US TREASURY N/B 2023-12-19 -41659854.340000 USD -420989.410000 N N N N/A N/A US LONG BOND(CBT) DEC23 000000000 -22.000000 NC USD -38359.420000 -0.0017040466 N/A DIR CORP US N 1 GOLDMAN SACHS & CO FOR8UP27PHTHYVLBNG30 Short United States Treasury Note/Bond US TREASURY N/B 2023-12-19 -2638765.580000 USD -38359.420000 N N N N/A N/A US 10YR ULTRA FUT DEC23 000000000 -47.000000 NC USD -66895.100000 -0.0029716916 N/A DIR CORP US N 1 GOLDMAN SACHS & CO FOR8UP27PHTHYVLBNG30 Short United States Treasury Note/Bond US TREASURY N/B 2023-12-19 -5390245.760000 USD -66895.100000 N N N Eastern Creation II Investment Holdings Ltd 549300POZZMBXFYP2H73 EASTERN CREATION II INVESTMENT HOLDINGS LTD ZO2843217 7970000.000000 PA USD 7964341.300000 0.3538011897 Long DBT CORP VG N 2 2023-09-10 Fixed 1.0 N N N N N N Hero Asia Investment Ltd 549300YWBWWXOPOSH694 HERO ASIA INVESTMENT LTD BM3619186 12800000.000000 PA USD 12681472.000000 0.5633510308 Long DBT CORP HK N 2 2023-11-18 Fixed 1.5 N N N N N 2023-10-03 T. ROWE PRICE SHORT-TERM BOND FUND, INC. /s/ Alan Dupski Alan Dupski Treasurer & Vice President XXXX NPORT-EX 2 70DHTRP083123.htm T. ROWE PRICE SHORT-TERM BOND FUND, INC.
T.
ROWE
PRICE
Ultra
Short-Term
Bond
Fund
August
31,
2023
(Unaudited)
1
Portfolio
of
Investments
‡
Par/Shares
$
Value
(Amounts
in
000s)
‡
ASSET-BACKED
SECURITIES
17.9%
Auto
Backed
10.3%
AmeriCredit
Automobile
Receivables
Trust
Series
2020-2,
Class
B
0.97%,
2/18/26 
215‌
214‌
ARI
Fleet
Lease
Trust
Series
2020-A,
Class
B
2.06%,
11/15/28 (1)
270‌
267‌
Avis
Budget
Rental
Car
Funding
AESOP
Series
2018-1A,
Class
D
5.25%,
9/20/24 (1)
1,088‌
1,087‌
Carmax
Auto
Owner
Trust
Series
2023-3,
Class
A2B,
ARM
SOFR30A
+
0.60%,
5.789%,
11/16/26 
2,490‌
2,495‌
Carmax
Auto
Owner
Trust
Series
2023-3,
Class
A3
5.28%,
5/15/28 
1,660‌
1,660‌
CarMax
Auto
Owner
Trust
Series
2020-4,
Class
B
0.85%,
6/15/26 
500‌
470‌
Carvana
Auto
Receivables
Trust
Series
2021-N4,
Class
B
1.24%,
9/11/28 
2,608‌
2,411‌
Carvana
Auto
Receivables
Trust
Series
2023-N1,
Class
A
6.36%,
4/12/27 (1)
8,607‌
8,623‌
Carvana
Auto
Receivables
Trust
Series
2023-P3,
Class
A2
6.09%,
11/10/26 (1)
8,075‌
8,075‌
Drive
Auto
Receivables
Trust
Series
2020-2,
Class
D
3.05%,
5/15/28 
630‌
619‌
Enterprise
Fleet
Financing
Series
2023-1,
Class
A2
5.51%,
1/22/29 (1)
12,345‌
12,271‌
Enterprise
Fleet
Financing
Series
2023-2,
Class
A2
5.56%,
4/22/30 (1)
9,575‌
9,532‌
Exeter
Automobile
Receivables
Trust
Series
2022-3A,
Class
B
4.86%,
12/15/26 
5,400‌
5,357‌
Exeter
Automobile
Receivables
Trust
Series
2022-5A,
Class
B
5.97%,
3/15/27 
3,034‌
3,019‌
Exeter
Automobile
Receivables
Trust
Series
2023-1A,
Class
B
5.72%,
4/15/27 
8,978‌
8,919‌
T.
ROWE
PRICE
Ultra
Short-Term
Bond
Fund
2
Par/Shares
$
Value
(Amounts
in
000s)
Exeter
Automobile
Receivables
Trust
Series
2023-3A,
Class
B
6.11%,
9/15/27 
12,335‌
12,315‌
Exeter
Automobile
Receivables
Trust
Series
2023-4A,
Class
A2
6.07%,
12/15/25 
5,120‌
5,119‌
Exeter
Automobile
Receivables
Trust
Series
2023-4A,
Class
B
6.31%,
10/15/27 
3,315‌
3,321‌
Ford
Credit
Auto
Lease
Trust
Series
2023-A,
Class
B
5.29%,
6/15/26 
4,690‌
4,623‌
Ford
Credit
Auto
Owner
Trust
Series
2020-1,
Class
B
2.29%,
8/15/31 (1)
5,075‌
4,795‌
Ford
Credit
Floorplan
Master
Owner
Trust
Series
2020-1,
Class
B
0.98%,
9/15/25 
5,195‌
5,183‌
Ford
Credit
Floorplan
Master
Owner
Trust
Series
2023-1,
Class
B
5.31%,
5/15/28 (1)
4,495‌
4,430‌
GM
Financial
Automobile
Leasing
Trust
Series
2022-2,
Class
B
4.02%,
5/20/26 
6,700‌
6,539‌
GM
Financial
Automobile
Leasing
Trust
Series
2023-2,
Class
B
5.54%,
5/20/27 
3,920‌
3,874‌
GMF
Floorplan
Owner
Revolving
Trust
Series
2020-2,
Class
B
0.96%,
10/15/25 (1)
2,145‌
2,132‌
HPEFS
Equipment
Trust
Series
2023-1A,
Class
A2
5.43%,
8/20/25 (1)
3,425‌
3,409‌
Hyundai
Auto
Lease
Securitization
Trust
Series
2021-B,
Class
B
0.62%,
3/16/26 (1)
20,345‌
20,019‌
JPMorgan
Chase
Bank
-
CACLN
Series
2020-1,
Class
B
0.991%,
1/25/28 (1)
26‌
26‌
JPMorgan
Chase
Bank
-
CACLN
Series
2020-2,
Class
B
0.84%,
2/25/28 (1)
512‌
506‌
JPMorgan
Chase
Bank
-
CACLN
Series
2021-1,
Class
B
0.875%,
9/25/28 (1)
458‌
446‌
JPMorgan
Chase
Bank
-
CACLN
Series
2021-2,
Class
B
0.889%,
12/26/28 (1)
5,414‌
5,250‌
T.
ROWE
PRICE
Ultra
Short-Term
Bond
Fund
3
Par/Shares
$
Value
(Amounts
in
000s)
JPMorgan
Chase
Bank
-
CACLN
Series
2021-3,
Class
B
0.76%,
2/26/29 (1)
5,513‌
5,264‌
Octane
Receivables
Trust
Series
2023-1A,
Class
A
5.87%,
5/21/29 (1)
2,905‌
2,894‌
Octane
Receivables
Trust
Series
2023-1A,
Class
B
5.96%,
7/20/29 (1)
3,904‌
3,862‌
Santander
Consumer
Auto
Receivables
Trust
Series
2021-BA,
Class
B
1.45%,
10/16/28 (1)
401‌
396‌
Santander
Drive
Auto
Receivables
Trust
Series
2022-6,
Class
B
4.72%,
6/15/27 
10,350‌
10,161‌
Santander
Drive
Auto
Receivables
Trust
Series
2023-1,
Class
B
4.98%,
2/15/28 
3,385‌
3,325‌
Santander
Drive
Auto
Receivables
Trust
Series
2023-3,
Class
A3
5.61%,
10/15/27 
3,115‌
3,106‌
Santander
Drive
Auto
Receivables
Trust
Series
2023-3,
Class
B
5.61%,
7/17/28 
3,735‌
3,719‌
Santander
Drive
Auto
Receivables
Trust
Series
2023-4,
Class
A2
6.18%,
2/16/27 
9,445‌
9,450‌
Santander
Drive
Auto
Receivables
Trust
Series
2023-4,
Class
A3
5.73%,
4/17/28 
2,060‌
2,065‌
Santander
Retail
Auto
Lease
Trust
Series
2020-B,
Class
B
0.82%,
12/20/24 (1)
11,555‌
11,452‌
Santander
Retail
Auto
Lease
Trust
Series
2021-B,
Class
B
0.84%,
6/20/25 (1)
13,860‌
13,461‌
Santander
Retail
Auto
Lease
Trust
Series
2021-C,
Class
B
0.83%,
3/20/26 (1)
10,135‌
9,770‌
SFS
Auto
Receivables
Securitization
Trust
Series
2023-1A,
Class
A2B,
ARM
SOFR30A
+
0.80%,
6.038%,
3/22/27 (1)
3,185‌
3,186‌
World
Omni
Select
Auto
Trust
Series
2020-A,
Class
B
0.84%,
6/15/26 
3,955‌
3,904‌
233,021‌
T.
ROWE
PRICE
Ultra
Short-Term
Bond
Fund
4
Par/Shares
$
Value
(Amounts
in
000s)
Collateralized
Debt
Obligation
0.6%
Symphony
Static
I
Series
2021-1A,
Class
A,
CLO,
FRN
3M
TSFR
+
1.092%,
6.443%,
10/25/29 (1)
12,636‌
12,555‌
12,555‌
Equip
Lease
Heavy
Duty
0.4%
MMAF
Equipment
Finance
Series
2020-BA,
Class
A5
0.85%,
4/14/42 (1)
2,400‌
2,223‌
MMAF
Equipment
Finance
Series
2023-A,
Class
A2
5.79%,
11/13/26 (1)
7,035‌
7,030‌
9,253‌
Home
Equity
Loans
Backed
0.3%
Citigroup
Mortgage
Loan
Trust
Series
2020-EXP2,
Class
A3,
CMO,
ARM
2.50%,
8/25/50 (1)
6,147‌
5,079‌
Citigroup
Mortgage
Loan
Trust
Series
2020-EXP2,
Class
A4,
CMO,
ARM
2.50%,
8/25/50 (1)
1,486‌
1,203‌
6,282‌
Other
Asset-Backed
Securities
5.4%
Amur
Equipment
Finance
Receivables
XII
Series
2023-1A,
Class
A2
6.09%,
12/20/29 (1)
9,295‌
9,316‌
ARI
Fleet
Lease
Trust
Series
2021-A,
Class
A2
0.37%,
3/15/30 (1)
1,545‌
1,533‌
Dell
Equipment
Finance
Trust
Series
2023-2,
Class
A3
5.65%,
1/22/29 (1)
8,985‌
9,013‌
DLLAD
Series
2023-1A,
Class
A2
5.19%,
4/20/26 (1)
4,355‌
4,327‌
Elara
HGV
Timeshare
Issuer
Series
2017-A,
Class
A
2.69%,
3/25/30 (1)
2,303‌
2,215‌
Hardee's
Funding
Series
2018-1A,
Class
A2II
4.959%,
6/20/48 (1)
2,591‌
2,437‌
Hilton
Grand
Vacations
Trust
Series
2017-AA,
Class
A
2.66%,
12/26/28 (1)
26‌
26‌
Hilton
Grand
Vacations
Trust
Series
2019-AA,
Class
A
2.34%,
7/25/33 (1)
490‌
460‌
T.
ROWE
PRICE
Ultra
Short-Term
Bond
Fund
5
Par/Shares
$
Value
(Amounts
in
000s)
HPEFS
Equipment
Trust
Series
2021-2A,
Class
B
0.61%,
9/20/28 (1)
5,250‌
5,198‌
HPEFS
Equipment
Trust
Series
2022-1A,
Class
B
1.79%,
5/21/29 (1)
6,000‌
5,769‌
Kubota
Credit
Owner
Trust
Series
2023-2A,
Class
A2
5.61%,
7/15/26 (1)
3,340‌
3,338‌
Kubota
Credit
Owner
Trust
Series
2023-2A,
Class
A3
5.28%,
1/18/28 (1)
2,555‌
2,550‌
M&T
Equipment
Notes
Series
2023-1A,
Class
A2
6.09%,
7/15/30 (1)
3,070‌
3,067‌
M&T
Equipment
Notes
Series
2023-1A,
Class
A3
5.74%,
7/15/30 (1)
4,135‌
4,124‌
MVW
Series
2020-1A,
Class
A
1.74%,
10/20/37 (1)
50‌
46‌
MVW
Series
2021-1WA,
Class
A
1.14%,
1/22/41 (1)
2,777‌
2,525‌
Navient
Private
Education
Refi
Loan
Trust
Series
2021-CA,
Class
A
1.06%,
10/15/69 (1)
11,506‌
9,844‌
Nelnet
Student
Loan
Trust
Series
2021-DA,
Class
AFL,
FRN
1M
TSFR
+
0.804%,
6.118%,
4/20/62 (1)
4,079‌
4,013‌
Octane
Receivables
Trust
Series
2021-1A,
Class
A
0.93%,
3/22/27 (1)
3,739‌
3,655‌
Octane
Receivables
Trust
Series
2021-2A,
Class
A
1.21%,
9/20/28 (1)
4,618‌
4,453‌
Octane
Receivables
Trust
Series
2022-1A,
Class
A2
4.18%,
3/20/28 (1)
3,390‌
3,341‌
Octane
Receivables
Trust
Series
2023-2A,
Class
A2
5.88%,
6/20/31 (1)
8,645‌
8,597‌
Santander
Bank
Series
2021-1A,
Class
B
1.833%,
12/15/31 (1)
1,603‌
1,559‌
Santander
Bank
Auto
Credit-Linked
Notes
Series
2022-A,
Class
B
5.281%,
5/15/32 (1)
6,851‌
6,744‌
T.
ROWE
PRICE
Ultra
Short-Term
Bond
Fund
6
Par/Shares
$
Value
(Amounts
in
000s)
Santander
Bank
Auto
Credit-Linked
Notes
Series
2022-B,
Class
B
5.721%,
8/16/32 (1)
2,418‌
2,402‌
Santander
Bank
Auto
Credit-Linked
Notes
Series
2023-A,
Class
B
6.493%,
6/15/33 (1)
3,202‌
3,197‌
Santander
Retail
Auto
Lease
Trust
Series
2022-A,
Class
B
1.61%,
1/20/26 (1)
7,555‌
7,171‌
Sierra
Timeshare
Receivables
Funding
Series
2019-3A,
Class
A
2.34%,
8/20/36 (1)
2,222‌
2,094‌
Sierra
Timeshare
Receivables
Funding
Series
2020-2A,
Class
A
1.33%,
7/20/37 (1)
136‌
127‌
Verdant
Receivables
Series
2023-1A,
Class
A2
6.24%,
1/13/31 (1)
5,280‌
5,271‌
Verizon
Master
Trust
Series
2023-2,
Class
A
4.89%,
4/13/28 
2,180‌
2,159‌
120,571‌
Student
Loans
0.9%
Navient
Private
Education
Loan
Trust
Series
2016-AA,
Class
A2A
3.91%,
12/15/45 (1)
7,250‌
7,047‌
Navient
Private
Education
Loan
Trust
Series
2017-A,
Class
A2B,
FRN
1M
TSFR
+
1.014%,
6.325%,
12/16/58 (1)
109‌
108‌
Navient
Private
Education
Refi
Loan
Trust
Series
2020-DA,
Class
A
1.69%,
5/15/69 (1)
558‌
503‌
Navient
Private
Education
Refi
Loan
Trust
Series
2020-FA,
Class
A
1.22%,
7/15/69 (1)
2,290‌
2,046‌
Navient
Private
Education
Refi
Loan
Trust
Series
2021-GA,
Class
A
1.58%,
4/15/70 (1)
10,710‌
9,235‌
SMB
Private
Education
Loan
Trust
Series
2014-A,
Class
A3,
FRN
1M
TSFR
+
1.614%,
6.925%,
4/15/32 (1)
592‌
593‌
T.
ROWE
PRICE
Ultra
Short-Term
Bond
Fund
7
Par/Shares
$
Value
(Amounts
in
000s)
SMB
Private
Education
Loan
Trust
Series
2019-A,
Class
A2A
3.44%,
7/15/36 (1)
1,634‌
1,559‌
21,091‌
Total
Asset-Backed
Securities
(Cost
$412,512)
402,773‌
CORPORATE
BONDS
62.0%
Advertising
0.8%
WPP
Finance
2010,
3.75%,
9/19/24 
18,350‌
17,826‌
17,826‌
Automotive
3.0%
BMW
U.S.
Capital,
FRN,
SOFRINDX
+
0.53%,
5.792%,
4/1/24 (1)
10,000‌
10,007‌
Daimler
Truck
Finance
North
America,
FRN,
SOFR
+
0.75%,
5.968%,
12/13/24 (1)
12,843‌
12,826‌
Daimler
Truck
Finance
North
America,
FRN,
SOFR
+
1.00%,
6.268%,
4/5/24 (1)
10,000‌
10,017‌
Hyundai
Capital
America,
1.80%,
10/15/25 (1)
7,540‌
6,942‌
Hyundai
Capital
America,
5.50%,
3/30/26 (1)
1,610‌
1,600‌
Hyundai
Capital
America,
5.65%,
6/26/26 (1)
4,800‌
4,787‌
Nissan
Motor,
3.043%,
9/15/23 (1)
17,346‌
17,330‌
Nissan
Motor
Acceptance,
3.875%,
9/21/23 (1)
5,000‌
4,994‌
68,503‌
Banking
25.4%
AIB
Group,
4.75%,
10/12/23 (1)
21,035‌
20,982‌
Banco
Santander,
FRN,
SOFR
+
1.24%,
6.575%,
5/24/24 
5,000‌
5,015‌
Bank
of
America,
FRN,
SOFR
+
0.69%,
6.017%,
4/22/25 
15,000‌
14,977‌
Bank
of
Ireland
Group,
4.50%,
11/25/23 (1)
27,452‌
27,313‌
Bank
of
Montreal,
FRN,
SOFRINDX
+
0.32%,
5.598%,
7/9/24 
10,000‌
9,975‌
Bank
of
Nova
Scotia,
FRN,
SOFRINDX
+
0.445%,
5.742%,
4/15/24 
7,145‌
7,136‌
Bank
of
Nova
Scotia,
FRN,
SOFRINDX
+
0.55%,
5.768%,
9/15/23 
12,544‌
12,544‌
Banque
Federative
du
Credit
Mutuel,
5.896%,
7/13/26 (1)
14,800‌
14,754‌
Barclays,
4.375%,
9/11/24 
11,420‌
11,194‌
Barclays,
VR,
5.304%,
8/9/26 (2)
8,300‌
8,163‌
BPCE,
5.70%,
10/22/23 (1)
34,423‌
34,380‌
Canadian
Imperial
Bank
of
Commerce,
FRN,
SOFRINDX
+
0.40%,
5.615%,
12/14/23 
6,257‌
6,257‌
Capital
One
Financial,
4.25%,
4/30/25 
1,890‌
1,834‌
Capital
One
Financial,
FRN,
SOFR
+
1.35%,
6.685%,
5/9/25 
10,000‌
9,944‌
Capital
One
Financial,
VR,
SOFR
+
1.29%,
2.636%,
3/3/26 (2)
7,060‌
6,656‌
Credit
Suisse,
Series
FRN,
FRN,
SOFRINDX
+
1.26%,
6.595%,
2/21/25 
4,000‌
3,944‌
Danske
Bank,
5.375%,
1/12/24 (1)
2,916‌
2,902‌
Danske
Bank,
VR,
3.773%,
3/28/25 (1)(2)
6,675‌
6,547‌
Danske
Bank,
VR,
6.466%,
1/9/26 (1)(2)
12,695‌
12,681‌
T.
ROWE
PRICE
Ultra
Short-Term
Bond
Fund
8
Par/Shares
$
Value
(Amounts
in
000s)
Deutsche
Bank,
3.70%,
5/30/24 
800‌
784‌
Deutsche
Bank,
Series
E,
FRN,
SOFR
+
0.50%,
5.836%,
11/8/23 
20,000‌
19,988‌
Discover
Bank,
2.45%,
9/12/24 
13,142‌
12,603‌
Emirates
NBD
Bank,
2.625%,
2/18/25 
6,400‌
6,106‌
Fifth
Third
Bancorp,
2.375%,
1/28/25 
2,540‌
2,417‌
Fifth
Third
Bank,
3.85%,
3/15/26 
10,505‌
9,785‌
Fifth
Third
Bank,
VR,
5.852%,
10/27/25 (2)
2,950‌
2,907‌
Goldman
Sachs
Group,
FRN,
SOFR
+
0.50%,
5.702%,
9/10/24 
10,000‌
9,990‌
Goldman
Sachs
Group,
FRN,
SOFR
+
0.70%,
6.017%,
1/24/25 
9,950‌
9,928‌
Goldman
Sachs
Group,
FRN,
SOFR
+
1.39%,
6.608%,
3/15/24 
5,000‌
5,018‌
HSBC
Holdings,
4.25%,
3/14/24 
20,041‌
19,817‌
HSBC
Holdings,
FRN,
SOFR
+
0.58%,
5.915%,
11/22/24 
10,000‌
9,969‌
Huntington
Bancshares,
2.625%,
8/6/24 
3,775‌
3,643‌
Huntington
National
Bank,
VR,
5.699%,
11/18/25 (2)
7,745‌
7,606‌
ING
Bank,
5.80%,
9/25/23 
3,307‌
3,302‌
Intesa
Sanpaolo,
5.25%,
1/12/24 
9,510‌
9,476‌
Intesa
Sanpaolo,
Series
XR,
3.25%,
9/23/24 (1)
8,275‌
7,978‌
KEB
Hana
Bank,
4.625%,
10/24/23 
12,500‌
12,469‌
Lloyds
Banking
Group,
4.45%,
5/8/25 
4,771‌
4,647‌
Lloyds
Banking
Group,
4.50%,
11/4/24 
2,050‌
2,007‌
Lloyds
Banking
Group,
VR,
2.438%,
2/5/26 (2)
7,735‌
7,335‌
Mitsubishi
UFJ
Financial
Group,
VR,
5.063%,
9/12/25 (2)
17,165‌
17,007‌
Mitsubishi
UFJ
Financial
Group,
VR,
5.719%,
2/20/26 (2)
4,310‌
4,289‌
Morgan
Stanley,
FRN,
SOFR
+
1.165%,
6.463%,
4/17/25 
10,000‌
10,026‌
NatWest
Group,
VR,
5.847%,
3/2/27 (2)
3,200‌
3,181‌
NatWest
Markets,
FRN,
SOFR
+
0.53%,
5.865%,
8/12/24 (1)
6,315‌
6,291‌
NatWest
Markets,
FRN,
SOFR
+
1.45%,
6.687%,
3/22/25 (1)
2,483‌
2,488‌
PNC
Bank,
3.875%,
4/10/25 
6,125‌
5,925‌
PNC
Bank,
4.20%,
11/1/25 
5,948‌
5,749‌
PNC
Financial
Services
Group,
VR,
5.812%,
6/12/26 (2)
4,980‌
4,980‌
Santander
U.K.,
5.00%,
11/7/23 (1)
5,000‌
4,982‌
Santander
U.K.
Group
Holdings,
VR,
SOFR
+
0.787%,
1.089%,
3/15/25 (2)
10,510‌
10,191‌
Siam
Commercial
Bank,
3.90%,
2/11/24 
9,800‌
9,716‌
Societe
Generale,
4.25%,
4/14/25 (1)
500‌
482‌
Societe
Generale,
5.00%,
1/17/24 (1)
7,815‌
7,760‌
Societe
Generale,
FRN,
SOFR
+
1.05%,
6.364%,
1/21/26 (1)
10,000‌
9,923‌
Standard
Chartered,
5.20%,
1/26/24 (1)
2,157‌
2,144‌
Standard
Chartered,
FRN,
SOFR
+
0.93%,
6.265%,
11/23/25 (1)
5,000‌
4,945‌
Standard
Chartered,
VR,
6.187%,
7/6/27 (1)(2)
5,800‌
5,801‌
State
Bank
of
India,
4.50%,
9/28/23 
13,300‌
13,288‌
Toronto-Dominion
Bank,
5.532%,
7/17/26 
1,500‌
1,502‌
Toronto-Dominion
Bank,
FRN,
SOFR
+
0.35%,
5.552%,
9/10/24 
10,000‌
9,963‌
Truist
Financial,
FRN,
SOFR
+
0.40%,
5.601%,
6/9/25 
20,000‌
19,486‌
U.S.
Bancorp,
3.60%,
9/11/24 
4,900‌
4,784‌
UBS
Group,
3.75%,
3/26/25 
9,000‌
8,688‌
T.
ROWE
PRICE
Ultra
Short-Term
Bond
Fund
9
Par/Shares
$
Value
(Amounts
in
000s)
UBS
Group,
VR,
2.593%,
9/11/25 (1)(2)
7,750‌
7,470‌
Woori
Bank,
4.75%,
4/30/24 
6,800‌
6,731‌
572,765‌
Cable
Operators
0.9%
Charter
Communications
Operating,
4.908%,
7/23/25 
12,940‌
12,710‌
Cox
Communications,
3.15%,
8/15/24 (1)
7,900‌
7,692‌
20,402‌
Consumer
Products
0.2%
Mattel,
3.375%,
4/1/26 (1)
5,675‌
5,285‌
5,285‌
Drugs
0.6%
AbbVie,
3.80%,
3/15/25 
5,428‌
5,287‌
Perrigo
Finance
Unlimited,
3.90%,
12/15/24 
3,364‌
3,234‌
Viatris,
1.65%,
6/22/25 
5,207‌
4,821‌
13,342‌
Energy
4.4%
Cheniere
Corpus
Christi
Holdings,
5.875%,
3/31/25 
9,818‌
9,781‌
DCP
Midstream
Operating,
5.375%,
7/15/25 
17,268‌
17,095‌
Energy
Transfer
Partners,
4.50%,
11/1/23 
4,209‌
4,199‌
EQT,
6.125%,
2/1/25 
7,000‌
6,983‌
Gray
Oak
Pipeline,
2.00%,
9/15/23 (1)
24,536‌
24,491‌
Kinder
Morgan,
5.625%,
11/15/23 (1)
6,186‌
6,179‌
Occidental
Petroleum,
5.50%,
12/1/25 
2,145‌
2,118‌
Occidental
Petroleum,
5.55%,
3/15/26 
3,725‌
3,692‌
Occidental
Petroleum,
5.875%,
9/1/25 
9,528‌
9,492‌
Occidental
Petroleum,
8.50%,
7/15/27 
2,100‌
2,260‌
ONEOK,
5.55%,
11/1/26 
3,310‌
3,303‌
Pioneer
Natural
Resources,
5.10%,
3/29/26 
2,585‌
2,565‌
Western
Midstream
Operating,
3.10%,
2/1/25 
6,623‌
6,350‌
98,508‌
Exploration
&
Production
0.3%
Ovintiv,
5.65%,
5/15/25 
5,920‌
5,909‌
5,909‌
Financial
5.0%
AerCap
Ireland
Capital,
1.65%,
10/29/24 
7,230‌
6,870‌
AerCap
Ireland
Capital,
4.875%,
1/16/24 
2,000‌
1,990‌
AerCap
Ireland
Capital,
FRN,
SOFR
+
0.68%,
5.936%,
9/29/23 
6,835‌
6,834‌
Ally
Financial,
1.45%,
10/2/23 
8,500‌
8,467‌
Ally
Financial,
3.875%,
5/21/24 
7,200‌
7,058‌
Ally
Financial,
5.125%,
9/30/24 
6,400‌
6,302‌
CNO
Financial
Group,
5.25%,
5/30/25 
8,012‌
7,822‌
General
Motors
Financial,
FRN,
SOFR
+
0.62%,
5.917%,
10/15/24 
15,000‌
14,940‌
General
Motors
Financial,
FRN,
SOFR
+
0.76%,
5.958%,
3/8/24 
20,000‌
19,987‌
Indian
Railway
Finance,
3.73%,
3/29/24 
8,000‌
7,900‌
LSEGA
Financing,
0.65%,
4/6/24 (1)
14,175‌
13,699‌
T.
ROWE
PRICE
Ultra
Short-Term
Bond
Fund
10
Par/Shares
$
Value
(Amounts
in
000s)
LSEGA
Financing,
1.375%,
4/6/26 (1)
6,650‌
5,978‌
Nasdaq,
5.65%,
6/28/25 
1,725‌
1,734‌
Synchrony
Financial,
4.25%,
8/15/24 
3,810‌
3,720‌
113,301‌
Food/Tobacco
0.8%
Imperial
Brands
Finance,
3.125%,
7/26/24 (1)
4,200‌
4,090‌
Imperial
Brands
Finance,
4.25%,
7/21/25 (1)
9,935‌
9,565‌
Reynolds
American,
4.45%,
6/12/25 
4,250‌
4,160‌
17,815‌
Foreign
Govt
&
Muni
(Excl
Canadian)
0.3%
Pelabuhan
Indonesia
Persero,
4.875%,
10/1/24 
5,800‌
5,724‌
5,724‌
Forest
Products
0.4%
Celulosa
Arauco
y
Constitucion,
4.50%,
8/1/24 
10,000‌
9,830‌
9,830‌
Health
Care
1.3%
HCA,
5.00%,
3/15/24 
100‌
99‌
HCA,
5.375%,
2/1/25 
15,750‌
15,652‌
Utah
Acquisition
Sub,
3.95%,
6/15/26 
13,605‌
12,864‌
28,615‌
Information
Technology
1.3%
Analog
Devices,
FRN,
SOFR
+
0.25%,
5.51%,
10/1/24 
3,225‌
3,221‌
Baidu,
3.875%,
9/29/23 
7,700‌
7,688‌
Microchip
Technology,
0.972%,
2/15/24 
7,600‌
7,428‌
Microchip
Technology,
2.67%,
9/1/23 
4,595‌
4,594‌
Micron
Technology,
4.975%,
2/6/26 
6,528‌
6,414‌
29,345‌
Insurance
4.6%
Athene
Global
Funding,
1.20%,
10/13/23 (1)
4,040‌
4,017‌
Athene
Global
Funding,
2.50%,
1/14/25 (1)
4,103‌
3,876‌
Athene
Global
Funding,
2.514%,
3/8/24 (1)
5,000‌
4,904‌
Athene
Global
Funding,
FRN,
SOFRINDX
+
0.70%,
6.035%,
5/24/24 (1)
5,000‌
4,966‌
Athene
Global
Funding,
FRN,
SOFRINDX
+
0.715%,
5.991%,
1/7/25 (1)
9,850‌
9,663‌
Brighthouse
Financial
Global
Funding,
1.00%,
4/12/24 (1)
970‌
941‌
Brighthouse
Financial
Global
Funding,
1.75%,
1/13/25 (1)
5,000‌
4,711‌
Brighthouse
Financial
Global
Funding,
FRN,
SOFR
+
0.76%,
6.05%,
4/12/24 (1)
18,003‌
17,876‌
Brown
&
Brown,
4.20%,
9/15/24 
2,850‌
2,793‌
CNO
Global
Funding,
1.65%,
1/6/25 (1)
2,966‌
2,776‌
Corebridge
Financial,
3.50%,
4/4/25 
9,650‌
9,269‌
Equitable
Financial
Life
Global
Funding,
1.40%,
7/7/25 (1)
5,684‌
5,232‌
Equitable
Financial
Life
Global
Funding,
5.50%,
12/2/25 (1)
6,820‌
6,758‌
First
American
Financial,
4.60%,
11/15/24 
2,210‌
2,171‌
Principal
Financial
Group,
3.40%,
5/15/25 
3,557‌
3,431‌
T.
ROWE
PRICE
Ultra
Short-Term
Bond
Fund
11
Par/Shares
$
Value
(Amounts
in
000s)
Principal
Life
Global
Funding
II,
FRN,
SOFR
+
0.45%,
5.74%,
4/12/24 (1)
4,800‌
4,798‌
Voya
Financial,
3.65%,
6/15/26 
17,754‌
16,713‌
104,895‌
Investment
Dealers
0.4%
Charles
Schwab,
FRN,
SOFRINDX
+
0.50%,
5.722%,
3/18/24 
10,000‌
9,987‌
9,987‌
Lodging
0.3%
Hyatt
Hotels,
1.30%,
10/1/23 
6,255‌
6,233‌
6,233‌
Manufacturing
0.4%
Siemens
Financieringsmaatschappij,
FRN,
SOFR
+
0.43%,
5.632%,
3/11/24 (1)
10,000‌
10,000‌
10,000‌
Media
&
Communications
1.1%
Warnermedia
Holdings,
3.638%,
3/15/25 
14,430‌
13,945‌
Warnermedia
Holdings,
FRN,
SOFRINDX
+
1.78%,
6.998%,
3/15/24 
9,925‌
9,975‌
23,920‌
Media
&
Entertainment
0.3%
Take-Two
Interactive
Software,
5.00%,
3/28/26 
6,250‌
6,187‌
6,187‌
Oil
Field
Services
0.3%
Energy
Transfer,
5.875%,
1/15/24 
6,578‌
6,570‌
6,570‌
Petroleum
0.7%
Columbia
Pipelines
Holding,
6.055%,
8/15/26 (1)
875‌
884‌
Enbridge,
FRN,
SOFRINDX
+
0.63%,
5.965%,
2/16/24 
14,625‌
14,632‌
15,516‌
Railroads
0.3%
Eastern
Creation
II
Investment
Holdings,
1.00%,
9/10/23 
7,970‌
7,964‌
7,964‌
Real
Estate
Investment
Trust
Securities
1.1%
Brixmor
Operating
Partnership,
3.65%,
6/15/24 
605‌
590‌
Public
Storage
Operating,
FRN,
SOFR
+
0.47%,
5.786%,
4/23/24 
6,305‌
6,305‌
Public
Storage
Operating,
FRN,
SOFRINDX
+
0.60%,
5.927%,
7/25/25 
6,000‌
5,996‌
Realty
Income,
4.60%,
2/6/24 
1,636‌
1,624‌
Scentre
Group
Trust
1,
3.50%,
2/12/25 (1)
10,550‌
10,183‌
24,698‌
Retail
1.0%
Advance
Auto
Parts,
5.90%,
3/9/26 
1,895‌
1,876‌
Nordstrom,
2.30%,
4/8/24 
9,395‌
9,066‌
Walgreens
Boots
Alliance,
3.80%,
11/18/24 
12,500‌
12,211‌
23,153‌
Services
0.2%
CDW,
5.50%,
12/1/24 
3,675‌
3,652‌
T.
ROWE
PRICE
Ultra
Short-Term
Bond
Fund
12
Par/Shares
$
Value
(Amounts
in
000s)
Nature
Conservancy,
Series
A,
0.625%,
7/1/24 
650‌
623‌
4,275‌
Transportation
0.2%
Penske
Truck
Leasing,
2.70%,
11/1/24 (1)
2,519‌
2,416‌
Penske
Truck
Leasing,
3.95%,
3/10/25 (1)
2,900‌
2,802‌
5,218‌
Transportation
Services
0.3%
HPHT
Finance,
2.875%,
11/5/24 
7,278‌
7,027‌
7,027‌
Utilities
4.0%
Alexander
Funding
Trust,
1.841%,
11/15/23 (1)
10,990‌
10,859‌
American
Electric
Power,
5.699%,
8/15/25 
6,665‌
6,669‌
Constellation
Energy
Generation,
3.25%,
6/1/25 
1,272‌
1,217‌
Hero
Asia
Investment,
1.50%,
11/18/23 (3)
12,800‌
12,682‌
NextEra
Energy
Capital
Holdings,
FRN,
SOFRINDX
+
0.40%,
5.735%,
11/3/23 
9,800‌
9,803‌
NRG
Energy,
3.75%,
6/15/24 (1)
670‌
653‌
Pacific
Gas
&
Electric,
4.95%,
6/8/25 
9,900‌
9,667‌
Sempra,
5.40%,
8/1/26 
4,890‌
4,899‌
Southern,
STEP,
4.475%,
8/1/24 
8,315‌
8,202‌
Southern
California
Edison,
FRN,
SOFRINDX
+
0.83%,
6.092%,
4/1/24 
2,475‌
2,475‌
Vistra
Operations,
3.55%,
7/15/24 (1)
24,655‌
23,977‌
91,103‌
Wireless
Communications
2.1%
Rogers
Communications,
2.95%,
3/15/25 
16,000‌
15,277‌
Rogers
Communications,
3.625%,
12/15/25 
5,000‌
4,753‌
Sprint,
7.125%,
6/15/24 
14,750‌
14,861‌
Sprint,
7.625%,
3/1/26 
11,141‌
11,545‌
46,436‌
Total
Corporate
Bonds
(Cost
$1,411,963)
1,400,352‌
FOREIGN
GOVERNMENT
OBLIGATIONS
&
MUNICIPALITIES
0.5%
Foreign
Govt
&
Muni
(Excl
Canadian)
0.5%
Japan
Treasury
Discount
Bill,
(0.12)%,
11/13/23
(JPY) 
1,592,050‌
10,945‌
10,945‌
Total
Foreign
Government
Obligations
&
Municipalities
(Cost
$10,949)
10,945‌
T.
ROWE
PRICE
Ultra
Short-Term
Bond
Fund
13
Par/Shares
$
Value
(Amounts
in
000s)
MUNICIPAL
SECURITIES
0.1%
Illinois
0.0%
Chicago
Transit
Auth.
Capital
Grant
Receipts
Revenue,
5.00%,
6/1/25 
100‌
102‌
Chicago
Transit
Auth.
Sales
Tax
Receipts
Fund,
Series
B,
1.838%,
12/1/23 
870‌
862‌
964‌
Texas
0.1%
Central
Texas
Regional
Mobility
Auth.,
Senior
Lien,
Series
C,
1.345%,
1/1/24 
500‌
493‌
Central
Texas
Regional
Mobility
Auth.,
Subordinate,
Series
D,
1.645%,
1/1/24 
510‌
503‌
Dallas/Fort
Worth
Int'l.
Airport,
Series
C,
1.041%,
11/1/23 
500‌
496‌
Tarrant
County
Cultural
Ed.
Fac.
Fin.,
Hendrick
Medical
Center,
1.071%,
9/1/23 (4)
475‌
475‌
1,967‌
Total
Municipal
Securities
(Cost
$2,959)
2,931‌
NON-U.S.
GOVERNMENT
MORTGAGE-BACKED
SECURITIES
9.5%
Commercial
Mortgage-Backed
Securities
2.0%
BX
Commercial
Mortgage
Trust
Series
2019-XL,
Class
A,
ARM
1M
TSFR
+
1.034%,
6.345%,
10/15/36 (1)
1,201‌
1,199‌
BX
Commercial
Mortgage
Trust
Series
2020-VKNG,
Class
A,
ARM
1M
TSFR
+
1.044%,
6.355%,
10/15/37 (1)
3,876‌
3,836‌
BX
Commercial
Mortgage
Trust
Series
2021-SOAR,
Class
A,
ARM
1M
TSFR
+
0.784%,
6.095%,
6/15/38 (1)
4,642‌
4,552‌
BX
Trust
Series
2021-ARIA,
Class
A,
ARM
1M
TSFR
+
1.014%,
6.324%,
10/15/36 (1)
3,100‌
3,020‌
Goldman
Sachs
Mortgage
Securities
Trust
Series
2021-ROSS,
Class
A,
ARM
1M
TSFR
+
1.264%,
6.575%,
5/15/26 (1)
6,665‌
5,930‌
Great
Wolf
Trust
Series
2019-WOLF,
Class
A,
ARM
1M
TSFR
+
1.148%,
6.458%,
12/15/36 (1)
10,000‌
9,957‌
JPMorgan
Chase
Commercial
Mortgage
Securities
Trust
Series
2020-609M,
Class
A,
ARM
1M
TSFR
+
1.484%,
6.795%,
10/15/33 (1)
9,870‌
9,150‌
T.
ROWE
PRICE
Ultra
Short-Term
Bond
Fund
14
Par/Shares
$
Value
(Amounts
in
000s)
ONE
Mortgage
Trust
Series
2021-PARK,
Class
A,
ARM
1M
TSFR
+
0.814%,
6.124%,
3/15/36 (1)
7,110‌
6,753‌
44,397‌
Whole
Loans
Backed
7.5%
Angel
Oak
Mortgage
Trust
Series
2019-5,
Class
A1,
CMO,
ARM
2.593%,
10/25/49 (1)
1,004‌
959‌
Angel
Oak
Mortgage
Trust
Series
2021-2,
Class
A1,
CMO,
ARM
0.985%,
4/25/66 (1)
4,866‌
3,977‌
BINOM
Securitization
Trust
Series
2021-INV1,
Class
A1,
CMO,
ARM
2.034%,
6/25/56 (1)
10,298‌
8,774‌
COLT
Mortgage
Loan
Trust
Series
2020-3,
Class
A1,
CMO,
ARM
1.506%,
4/27/65 (1)
1,111‌
1,034‌
Connecticut
Avenue
Securities
Series
2017-C05,
Class
1ED3,
CMO,
ARM
SOFR30A
+
1.314%,
6.602%,
1/25/30 
683‌
683‌
Connecticut
Avenue
Securities
Series
2018-C03,
Class
1EB2,
CMO,
ARM
SOFR30A
+
0.964%,
6.252%,
10/25/30 
1,665‌
1,660‌
Connecticut
Avenue
Securities
Series
2018-C03,
Class
1ED2,
CMO,
ARM
SOFR30A
+
0.964%,
6.252%,
10/25/30 
826‌
824‌
Connecticut
Avenue
Securities
Series
2021-R01,
Class
1M1,
CMO,
ARM
SOFR30A
+
0.75%,
6.038%,
10/25/41 (1)
205‌
204‌
Connecticut
Avenue
Securities
Trust
Series
2023-R02,
Class
1M1,
CMO,
ARM
SOFR30A
+
2.30%,
7.588%,
1/25/43 (1)
6,258‌
6,336‌
Connecticut
Avenue
Securities
Trust
Series
2023-R05,
Class
1M1,
CMO,
ARM
SOFR30A
+
1.90%,
7.196%,
6/25/43 (1)
5,591‌
5,616‌
Deephaven
Residential
Mortgage
Trust
Series
2021-1,
Class
A1,
CMO,
ARM
0.715%,
5/25/65 (1)
5,067‌
4,620‌
Eagle
RE
Series
2021-2,
Class
M1A,
CMO,
ARM
SOFR30A
+
1.55%,
6.838%,
4/25/34 (1)
2,509‌
2,509‌
Galton
Funding
Mortgage
Trust
Series
2019-2,
Class
A21,
CMO,
ARM
4.00%,
6/25/59 (1)
299‌
273‌
Galton
Funding
Mortgage
Trust
Series
2020-H1,
Class
A2,
CMO,
ARM
2.413%,
1/25/60 (1)
3,216‌
2,867‌
T.
ROWE
PRICE
Ultra
Short-Term
Bond
Fund
15
Par/Shares
$
Value
(Amounts
in
000s)
Goldman
Sachs
Mortgage-Backed
Securities
Trust
Series
2020-NQM1,
Class
A1,
CMO,
ARM
1.382%,
9/27/60 (1)
961‌
879‌
Goldman
Sachs
Mortgage-Backed
Securities
Trust
Series
2021-PJ5,
Class
A6,
CMO,
ARM
2.50%,
10/25/51 (1)
14,270‌
12,714‌
Imperial
Fund
Mortgage
Trust
Series
2021-NQM2,
Class
A1,
CMO,
ARM
1.073%,
9/25/56 (1)
8,758‌
6,873‌
JPMorgan
Mortgage
Trust
Series
2020-INV2,
Class
A4A,
CMO,
ARM
2.50%,
10/25/50 (1)
88‌
87‌
NLT
Trust
Series
2021-INV2,
Class
A1,
CMO,
ARM
1.162%,
8/25/56 (1)
16,267‌
13,178‌
OBX
Trust
Series
2018-EXP1,
Class
2A1,
CMO,
ARM
1M
TSFR
+
0.964%,
6.279%,
4/25/48 (1)
100‌
100‌
OBX
Trust
Series
2019-EXP3,
Class
2A1,
CMO,
ARM
1M
TSFR
+
1.014%,
6.329%,
10/25/59 (1)
151‌
147‌
OBX
Trust
Series
2020-EXP1,
Class
1A8,
CMO,
ARM
3.50%,
2/25/60 (1)
687‌
601‌
OBX
Trust
Series
2020-EXP3,
Class
1A8,
CMO,
ARM
3.00%,
1/25/60 (1)
3,816‌
3,248‌
OBX
Trust
Series
2020-INV1,
Class
A11,
CMO,
ARM
1M
TSFR
+
1.014%,
6.00%,
12/25/49 (1)
503‌
469‌
PSMC
Trust
Series
2021-2,
Class
A3,
CMO,
ARM
2.50%,
5/25/51 (1)
11,213‌
9,698‌
Sequoia
Mortgage
Trust
Series
2018-CH1,
Class
A1,
CMO,
ARM
4.00%,
3/25/48 (1)
200‌
184‌
SG
Residential
Mortgage
Trust
Series
2019-3,
Class
A1,
CMO,
ARM
2.703%,
9/25/59 (1)
53‌
51‌
SG
Residential
Mortgage
Trust
Series
2021-1,
Class
A1,
CMO,
ARM
1.16%,
7/25/61 (1)
15,421‌
11,940‌
Starwood
Mortgage
Residential
Trust
Series
2020-INV1,
Class
A1,
CMO,
ARM
1.027%,
11/25/55 (1)
3,215‌
2,825‌
Starwood
Mortgage
Residential
Trust
Series
2021-2,
Class
A1,
CMO,
ARM
0.943%,
5/25/65 (1)
2,307‌
2,034‌
T.
ROWE
PRICE
Ultra
Short-Term
Bond
Fund
16
Par/Shares
$
Value
(Amounts
in
000s)
Structured
Agency
Credit
Risk
Debt
Notes
Series
2021-DNA3,
Class
M1,
CMO,
ARM
SOFR30A
+
0.75%,
6.038%,
10/25/33 (1)
3,659‌
3,642‌
Structured
Agency
Credit
Risk
Debt
Notes
Series
2021-HQA2,
Class
M1,
CMO,
ARM
SOFR30A
+
0.70%,
5.988%,
12/25/33 (1)
1,144‌
1,140‌
Structured
Agency
Credit
Risk
Debt
Notes
Series
2022-DNA2,
Class
M1A,
CMO,
ARM
SOFR30A
+
1.30%,
6.588%,
2/25/42 (1)
3,501‌
3,492‌
Structured
Agency
Credit
Risk
Debt
Notes
Series
2022-DNA5,
Class
M1A,
CMO,
ARM
SOFR30A
+
2.95%,
8.238%,
6/25/42 (1)
6,632‌
6,779‌
Structured
Agency
Credit
Risk
Debt
Notes
Series
2023-DNA1,
Class
M1A,
CMO,
ARM
SOFR30A
+
2.10%,
7.396%,
3/25/43 (1)
2,486‌
2,509‌
Towd
Point
Mortgage
Trust
Series
2017-1,
Class
A1,
CMO,
ARM
2.75%,
10/25/56 (1)
12‌
11‌
Towd
Point
Mortgage
Trust
Series
2017-3,
Class
A1,
CMO,
ARM
2.75%,
7/25/57 (1)
50‌
49‌
Towd
Point
Mortgage
Trust
Series
2017-4,
Class
A1,
CMO,
ARM
2.75%,
6/25/57 (1)
140‌
132‌
Towd
Point
Mortgage
Trust
Series
2017-5,
Class
A1,
CMO,
ARM
1M
TSFR
+
0.714%,
5.118%,
2/25/57 (1)
104‌
104‌
Towd
Point
Mortgage
Trust
Series
2017-6,
Class
A1,
CMO,
ARM
2.75%,
10/25/57 (1)
297‌
282‌
Towd
Point
Mortgage
Trust
Series
2018-2,
Class
A1,
CMO,
ARM
3.25%,
3/25/58 (1)
453‌
432‌
Verus
Securitization
Trust
Series
2019-4,
Class
A1,
CMO,
STEP
2.642%,
11/25/59 (1)
1,060‌
1,010‌
Verus
Securitization
Trust
Series
2019-INV2,
Class
A1,
CMO,
ARM
3.913%,
7/25/59 (1)
446‌
431‌
Verus
Securitization
Trust
Series
2019-INV3,
Class
A1,
CMO,
ARM
2.692%,
11/25/59 (1)
784‌
751‌
Verus
Securitization
Trust
Series
2020-1,
Class
A1,
CMO,
STEP
2.417%,
1/25/60 (1)
639‌
611‌
Verus
Securitization
Trust
Series
2020-2,
Class
A1,
CMO,
ARM
2.226%,
5/25/60 (1)
500‌
487‌
T.
ROWE
PRICE
Ultra
Short-Term
Bond
Fund
17
Par/Shares
$
Value
(Amounts
in
000s)
Verus
Securitization
Trust
Series
2020-4,
Class
A1,
CMO,
STEP
1.502%,
5/25/65 (1)
935‌
856‌
Verus
Securitization
Trust
Series
2020-5,
Class
A1,
CMO,
STEP
1.218%,
5/25/65 (1)
2,549‌
2,331‌
Verus
Securitization
Trust
Series
2020-INV1,
Class
A1,
CMO,
ARM
1.977%,
3/25/60 (1)
402‌
392‌
Verus
Securitization
Trust
Series
2021-1,
Class
A1,
CMO,
ARM
0.815%,
1/25/66 (1)
5,478‌
4,646‌
Verus
Securitization
Trust
Series
2021-2,
Class
A1,
CMO,
ARM
1.031%,
2/25/66 (1)
4,659‌
3,915‌
Verus
Securitization
Trust
Series
2021-5,
Class
A1,
CMO,
ARM
1.013%,
9/25/66 (1)
12,836‌
10,359‌
Verus
Securitization
Trust
Series
2021-R1,
Class
A1,
CMO,
ARM
0.82%,
10/25/63 (1)
1,960‌
1,747‌
Verus
Securitization
Trust
Series
2021-R3,
Class
A1,
CMO,
ARM
1.02%,
4/25/64 (1)
7,857‌
6,912‌
Verus
Securitization
Trust
Series
2023-3,
Class
A1,
CMO,
STEP
5.93%,
3/25/68 (1)
9,093‌
9,008‌
Vista
Point
Securitization
Trust
Series
2020-2,
Class
A1,
CMO,
ARM
1.475%,
4/25/65 (1)
2,416‌
2,185‌
169,577‌
Total
Non-U.S.
Government
Mortgage-Backed
Securities
(Cost
$239,085)
213,974‌
U.S.
GOVERNMENT
&
AGENCY
MORTGAGE-BACKED
SECURITIES
0.0%
U.S.
Government
Agency
Obligations
0.0%
Federal
Home
Loan
Mortgage,
CMO,
ARM,
SOFR30A
+
0.464%,
5.653%,
2/15/45 
173‌
166‌
Federal
National
Mortgage
Assn.,
CMO,
ARM,
SOFR30A
+
0.514%,
5.802%,
1/25/45 
141‌
136‌
Total
U.S.
Government
&
Agency
Mortgage-Backed
Securities
(Cost
$315)
302‌
T.
ROWE
PRICE
Ultra
Short-Term
Bond
Fund
18
Par/Shares
$
Value
(Amounts
in
000s)
U.S.
GOVERNMENT
AGENCY
OBLIGATIONS
(EXCLUDING
MORTGAGE-BACKED)
3.2%
U
S
Treasury
Obligations
3.2%
U.S.
Treasury
Bills,
4.70%,
1/25/24 (5)
31,865‌
31,179‌
U.S.
Treasury
Bills,
5.43%,
11/9/23 
24,420‌
24,172‌
U.S.
Treasury
Notes,
3.75%,
4/15/26 
5,500‌
5,381‌
U.S.
Treasury
Notes,
3.88%,
3/31/25 
12,500‌
12,274‌
73,006‌
Total
U.S.
Government
Agency
Obligations
(Excluding
Mortgage-
Backed)
(Cost
$73,403)
73,006‌
SHORT-TERM
INVESTMENTS
6.4%
Commercial
Paper
6.4%
4(2)
4.3%(6)
Bacardi
Martini,
5.929%,
9/29/23 
11,600‌
11,548‌
Canadian
Natural
Resources,
6.181%,
9/25/23 
20,600‌
20,514‌
Harley-Davidson
Financial
Services,
6.023%,
9/6/23 
6,500‌
6,494‌
Plains
All
American
Pipeline,
5.651%,
9/1/23 
2,300‌
2,300‌
Southern
California
Edison,
5.451%,
9/1/23 
25,600‌
25,596‌
Syngenta
Wilmington,
6.323%,
9/5/23 
2,600‌
2,598‌
Syngenta
Wilmington,
6.33%,
9/25/23 
6,000‌
5,975‌
Syngenta
Wilmington,
6.382%,
9/28/23 
3,150‌
3,135‌
Targa
Resources,
6.182%,
9/20/23 
13,700‌
13,660‌
Walgreens
Boots
Alliance,
6.031%,
10/2/23 
5,300‌
5,272‌
97,092‌
Non-4(2)
2.1%
Energy
Transfer
Partners,
5.751%,
9/1/23 
19,000‌
18,997‌
Ovintiv,
6.171%,
9/18/23 
4,900‌
4,886‌
Ovintiv,
6.286%,
9/11/23 
11,000‌
10,981‌
Quanta
Services,
5.807%,
9/8/23 
12,000‌
11,984‌
46,848‌
Total
Commercial
Paper
143,940‌
Money
Market
Funds
0.0%
T.
Rowe
Price
Government
Reserve
Fund,
5.40% (7)(8)
2‌
2‌
Total
Money
Market
Funds
2‌
Total
Short-Term
Investments
(Cost
$143,949)
143,942‌
T.
ROWE
PRICE
Ultra
Short-Term
Bond
Fund
19
Par/Shares
$
Value
(Amounts
in
000s)
SECURITIES
LENDING
COLLATERAL
0.0%
INVESTMENTS
IN
A
POOLED
ACCOUNT
THROUGH
SECURITIES
LENDING
PROGRAM
WITH
JPMORGAN
CHASE
BANK
0.0%
Money
Market
Funds
0.0%
T.
Rowe
Price
Government
Reserve
Fund,
5.40% (7)(8)
675‌
675‌
Total
Investments
in
a
Pooled
Account
through
Securities
Lending
Program
with
JPMorgan
Chase
Bank
675‌
Total
Securities
Lending
Collateral
(Cost
$675)
675‌
(Amounts
in
000s,
except
for
contracts)
OPTIONS
PURCHASED
0.0%
Exchange-Traded
Options
Purchased
0.0%
Description
Contracts
Notional
Amount
$
Value
U.S.
Treasury
2-Year
Notes
Futures,
Call,
9/22/23
@
$103.00 (9)
300‌
61,141‌
9‌
U.S.
Treasury
2-Year
Notes
Futures,
Call,
10/27/23
@
$103.00 (9)
300‌
61,141‌
38‌
Total
Options
Purchased
(Cost
$53)
47‌
Total
Investments
in
Securities
99.6%
(Cost
$2,295,863)
$
2,248,947‌
Other
Assets
Less
Liabilities
0.4%
9,002‌
Net
Assets
100.0%
$
2,257,949‌
‡
Par/Shares
and
Notional
Amount
are
denominated
in
U.S.
dollars
unless
otherwise
noted.
(1)
Security
was
purchased
pursuant
to
Rule
144A
under
the
Securities
Act
of
1933
and
may
be
resold
in
transactions
exempt
from
registration
only
to
qualified
institutional
buyers.
Total
value
of
such
securities
at
period-end
amounts
to
$967,150
and
represents
42.8%
of
net
assets.
(2)
Security
is
a
fix-to-float
security,
which
carries
a
fixed
coupon
until
a
certain
date,
upon
which
it
switches
to
a
floating
rate.
Reference
rate
and
spread
are
provided
if
the
rate
is
currently
floating.
(3)
All
or
a
portion
of
this
security
is
on
loan
at
August
31,
2023.
(4)
Insured
by
Assured
Guaranty
Municipal
Corporation
(5)
At
August
31,
2023,
all
or
a
portion
of
this
security
is
pledged
as
collateral
and/
or
margin
deposit
to
cover
future
funding
obligations.
T.
ROWE
PRICE
Ultra
Short-Term
Bond
Fund
20
.
.
.
.
.
.
.
.
.
.
(6)
Commercial
paper
exempt
from
registration
under
Section
4(2)
of
the
Securities
Act
of
1933
and
may
be
resold
in
transactions
exempt
from
registration
only
to
dealers
in
that
program
or
other
"accredited
investors".
Total
value
of
such
securities
at
period-end
amounts
to
$97,092
and
represents
4.3%
of
net
assets.
(7)
Seven-day
yield
(8)
Affiliated
Companies
(9)
Non-income
producing
1M
TSFR
One
month
term
SOFR
(Secured
overnight
financing
rate)
3M
TSFR
Three
month
term
SOFR
(Secured
overnight
financing
rate)
ARM
Adjustable
Rate
Mortgage
(ARM);
rate
shown
is
effective
rate
at
period-end.
The
rates
for
certain
ARMs
are
not
based
on
a
published
reference
rate
and
spread
but
may
be
determined
using
a
formula
based
on
the
rates
of
the
underlying
loans. 
CLO
Collateralized
Loan
Obligation
CMO
Collateralized
Mortgage
Obligation
FRN
Floating
Rate
Note
JPY
Japanese
Yen
SOFR
Secured
overnight
financing
rate
SOFRINDX
SOFR
(Secured
overnight
financing
rate)
Index
SOFR30A
30-day
Average
SOFR
(Secured
overnight
financing
rate)
STEP
Stepped
coupon
bond
for
which
the
coupon
rate
of
interest
adjusts
on
specified
date(s);
rate
shown
is
effective
rate
at
period-end.
USD
U.S.
Dollar
VR
Variable
Rate;
rate
shown
is
effective
rate
at
period-end.
The
rates
for
certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
based
on
current
market
conditions.
T.
ROWE
PRICE
Ultra
Short-Term
Bond
Fund
21
(Amounts
in
000s)
SWAPS
0.0%
Description
Notional
Amount
$
Value
Initial
$
Value
Unrealized
$
Gain/(Loss)
CENTRALLY
CLEARED
SWAPS
0.0%
Credit
Default
Swaps,
Protection
Sold
0.0%
Protection
Sold
(Relevant
Credit:
AT&T,
Baa2*),
Receive
1.00%
Quarterly,
Pay
upon
credit
default,
12/20/23
*
25,000
90
295
(205‌)
Protection
Sold
(Relevant
Credit:
Bank
of
America,
A1*),
Receive
1.00%
Quarterly,
Pay
upon
credit
default,
12/20/23
20,000
82
277
(195‌)
Protection
Sold
(Relevant
Credit:
Citibank,
A3*),
Receive
1.00%
Quarterly,
Pay
upon
credit
default,
12/20/23
20,000
85
269
(184‌)
Protection
Sold
(Relevant
Credit:
Devon
Energy,
Baa2*),
Receive
1.00%
Quarterly,
Pay
upon
credit
default,
6/20/24
10,000
72
19
53‌
Protection
Sold
(Relevant
Credit:
Hess,
Baa3*),
Receive
1.00%
Quarterly,
Pay
upon
credit
default,
6/20/24
10,000
74
53
21‌
Protection
Sold
(Relevant
Credit:
Verizon
Communications,
Baa1*),
Receive
1.00%
Quarterly,
Pay
upon
credit
default,
12/20/23
25,000
91
343
(252‌)
Total
Centrally
Cleared
Credit
Default
Swaps,
Protection
Sold
(762‌)
Total
Centrally
Cleared
Swaps
(762‌)
Net
payments
(receipts)
of
variation
margin
to
date
763‌
Variation
margin
receivable
(payable)
on
centrally
cleared
swaps
$
1‌
*
Credit
ratings
as
of
August
31,
2023.
Ratings
shown
are
from
Moody’s
Investors
Service
and
if
Moody’s
does
not
rate
a
security,
then
Standard
&
Poor’s
(S&P)
is
used.
Fitch
is
used
for
securities
that
are
not
rated
by
either
Moody’s
or
S&P.
T.
ROWE
PRICE
Ultra
Short-Term
Bond
Fund
22
(Amounts
in
000s)
FORWARD
CURRENCY
EXCHANGE
CONTRACTS
Counterparty
Settlement
Receive
Deliver
Unrealized
Gain/(Loss)
HSBC
Bank
11/13/23
USD
11,145‌
JPY
1,592,050‌
$
72‌
Net
unrealized
gain
(loss)
on
open
forward
currency
exchange
contracts
$
72‌
T.
ROWE
PRICE
Ultra
Short-Term
Bond
Fund
23
FUTURES
CONTRACTS
($000s)
Expiration
Date
Notional
Amount
Value
and
Unrealized
Gain
(Loss)
Short,
22
U.S.
Treasury
Long
Bond
contracts
12/23
(2,677)
$
(38‌)
Short,
379
U.S.
Treasury
Notes
ten
year
contracts
12/23
(42,081)
(421‌)
Short,
289
U.S.
Treasury
Notes
two
year
contracts
12/23
(58,900)
(174‌)
Short,
47
Ultra
U.S.
Treasury
Notes
ten
year
contracts
12/23
(5,457)
(67‌)
Short,
719
U.S.
Treasury
Notes
five
year
contracts
12/23
(76,877)
(490‌)
Long,
500
Three
Month
SOFR
Futures
Contracts
6/24
118,500
30‌
Short,
500
Three
Month
SOFR
Futures
Contracts
3/25
(119,787)
(21‌)
Net
payments
(receipts)
of
variation
margin
to
date
995‌
Variation
margin
receivable
(payable)
on
open
futures
contracts
$
(186‌)
T.
ROWE
PRICE
Ultra
Short-Term
Bond
Fund
24
The
accompanying
notes
are
an
integral
part
of
this
Portfolio
of
Investments.
AFFILIATED
COMPANIES
($000s)
The
fund
may
invest
in
certain
securities
that
are
considered
affiliated
companies.
As
defined
by
the
1940
Act,
an
affiliated
company
is
one
in
which
the
fund
owns
5%
or
more
of
the
outstanding
voting
securities,
or
a
company
that
is
under
common
ownership
or
control.
The
following
securities
were
considered
affiliated
companies
for
all
or
some
portion
of
the
three
months
ended
August
31,
2023.
Net
realized
gain
(loss),
investment
income,
change
in
net
unrealized
gain/loss,
and
purchase
and
sales
cost
reflect
all
activity
for
the
period
then
ended.
Affiliate
Net
Realized
Gain
(Loss)
Change
in
Net
Unrealized
Gain/Loss
Investment
Income
T.
Rowe
Price
Government
Reserve
Fund,
5.40%
$
—‌
$
—‌
$
—‌++
Totals
$
—‌#
$
—‌
$
—‌+
Supplementary
Investment
Schedule
Affiliate
Value
05/31/23
Purchase
Cost
Sales
Cost
Value
08/31/23
T.
Rowe
Price
Government
Reserve
Fund,
5.40%
$
677‌
 ¤
 ¤
$
677‌
Total
$
677‌^
#
Capital
gain
distributions
from
underlying
Price
funds
represented
$0
of
the
net
realized
gain
(loss).
++
Excludes
earnings
on
securities
lending
collateral,
which
are
subject
to
rebates
and
fees.
+
Investment
income
comprised
$0
of
dividend
income
and
$0
of
interest
income.
¤
Purchase
and
sale
information
not
shown
for
cash
management
funds.
^
The
cost
basis
of
investments
in
affiliated
companies
was
$677.
T.
ROWE
PRICE
Ultra
Short-Term
Bond
Fund
Unaudited
Notes
to
Portfolio
of
Investments
25
T.
Rowe
Price
Ultra
Short-Term
Bond
Fund (the
fund) is
registered
under
the
Investment
Company
Act
of
1940
(the
1940
Act)
as
an
open-end
management
investment
company
and
follows
accounting
and
reporting
guidance
of
the
Financial
Accounting
Standards
Board
Accounting
Standards
Codification
Topic
946.
The
accompanying
Portfolio
of
Investments
was
prepared
in
accordance
with
accounting
principles
generally
accepted
in
the
United
States
of
America
(GAAP).
For
additional
information
on
the
fund’s
significant
accounting
policies
and
investment
related
disclosures,
please
refer
to
the
fund’s most
recent
semiannual
or
annual
shareholder
report
and
its
prospectus. 
VALUATION 
Fair
Value
  The
fund’s
financial
instruments
are
valued
at
the
close
of
the
New
York
Stock
Exchange
(NYSE),
normally
4
p.m.
ET,
each
day
the
NYSE
is
open
for
business,
and
are
reported
at
fair
value,
which
GAAP
defines
as
the
price
that
would
be
received
to
sell
an
asset
or
paid
to
transfer
a
liability
in
an
orderly
transaction
between
market
participants
at
the
measurement
date. The fund’s
Board
of
Directors
(the
Board)
has
designated
T.
Rowe
Price
Associates,
Inc.
as
the
fund’s
valuation
designee
(Valuation
Designee).
Subject
to
oversight
by
the
Board,
the
Valuation
Designee
performs
the
following
functions
in
performing
fair
value
determinations:
assesses
and
manages
valuation
risks;
establishes
and
applies
fair
value
methodologies;
tests
fair
value
methodologies;
and
evaluates
pricing
vendors
and
pricing
agents.
The
duties
and
responsibilities
of
the
Valuation
Designee
are
performed
by
its
Valuation
Committee. The
Valuation
Designee provides
periodic
reporting
to
the
Board
on
valuation
matters.
Various
valuation
techniques
and
inputs
are
used
to
determine
the
fair
value
of
financial
instruments.
GAAP
establishes
the
following
fair
value
hierarchy
that
categorizes
the
inputs
used
to
measure
fair
value:
Level
1
–
quoted
prices
(unadjusted)
in
active
markets
for
identical
financial
instruments
that
the
fund
can
access
at
the
reporting
date
Level
2
–
inputs
other
than
Level
1
quoted
prices
that
are
observable,
either
directly
or
indirectly
(including,
but
not
limited
to,
quoted
prices
for
similar
financial
instruments
in
active
markets,
quoted
prices
for
identical
or
similar
financial
instruments
in
inactive
markets,
interest
rates
and
yield
curves,
implied
volatilities,
and
credit
spreads)
T.
ROWE
PRICE
Ultra
Short-Term
Bond
Fund
26
Level
3
–
unobservable
inputs
(including
the Valuation
Designee’s assumptions
in
determining
fair
value)
Observable
inputs
are
developed
using
market
data,
such
as
publicly
available
information
about
actual
events
or
transactions,
and
reflect
the
assumptions
that
market
participants
would
use
to
price
the
financial
instrument.
Unobservable
inputs
are
those
for
which
market
data
are
not
available
and
are
developed
using
the
best
information
available
about
the
assumptions
that
market
participants
would
use
to
price
the
financial
instrument.
GAAP
requires
valuation
techniques
to
maximize
the
use
of
relevant
observable
inputs
and
minimize
the
use
of
unobservable
inputs.
When
multiple
inputs
are
used
to
derive
fair
value,
the
financial
instrument
is
assigned
to
the
level
within
the
fair
value
hierarchy
based
on
the
lowest-level
input
that
is
significant
to
the
fair
value
of
the
financial
instrument.
Input
levels
are
not
necessarily
an
indication
of
the
risk
or
liquidity
associated
with
financial
instruments
at
that
level
but
rather
the
degree
of
judgment
used
in
determining
those
values.
Valuation
Techniques 
Debt
securities
generally
are
traded
in
the over-the-counter
(OTC)
market
and
are
valued
at
prices
furnished
by
independent
pricing
services
or
by
broker
dealers
who
make
markets
in
such
securities.
When
valuing
securities,
the
independent
pricing
services
consider
factors
such
as,
but
not
limited
to,
the
yield
or
price
of
bonds
of
comparable
quality,
coupon,
maturity,
and
type,
as
well
as
prices
quoted
by
dealers
who
make
markets
in
such
securities.   
Investments
denominated
in
foreign
currencies
are
translated
into
U.S.
dollar
values
each
day
at
the
prevailing
exchange
rate,
using
the
mean
of
the
bid
and
asked
prices
of
such
currencies
against
U.S.
dollars
as
provided
by
an
outside
pricing
service.
Investments
in
mutual
funds
are
valued
at
the
mutual
fund’s
closing
NAV
per
share
on
the
day
of
valuation.
Listed
options,
and
OTC
options
with
a
listed
equivalent,
are
valued
at
the
mean
of
the
closing
bid
and
asked
prices
and
exchange-traded
options
on
futures
contracts
are
valued
at
closing
settlement
prices.
Futures
contracts
are
valued
at
closing
settlement
prices.
Forward
currency
exchange
contracts
are
valued
using
the
prevailing
forward
exchange
rate.
Swaps
are
valued
at
prices
furnished
by
an
independent
pricing
service
or
independent
swap
dealers.
Investments
for
which
market
quotations are
not
readily
available
or
deemed
unreliable
are
valued
at
fair
value
as
determined
in
good
faith
by
the
Valuation
Designee.
The
Valuation
Designee
has
adopted
methodologies
for
determining
the
fair
value
of
investments
for
which
market
quotations
are
not
readily
available
or
deemed
unreliable,
including
the
use
of
other
pricing
sources.
Factors
used
in
determining
fair
value
vary
by
type
of
investment
and
may
include
market
or
investment
specific
considerations.
The
Valuation
Designee typically
will
afford
greatest
weight
to
actual
prices
in
arm’s
T.
ROWE
PRICE
Ultra
Short-Term
Bond
Fund
27
length
transactions,
to
the
extent
they
represent
orderly
transactions
between
market
participants,
transaction
information
can
be
reliably
obtained,
and
prices
are
deemed
representative
of
fair
value.
However,
the
Valuation
Designee may
also
consider
other
valuation
methods
such
as
market-based
valuation
multiples;
a
discount
or
premium
from
market
value
of
a
similar,
freely
traded
security
of
the
same
issuer;
discounted
cash
flows;
yield
to
maturity;
or
some
combination.
Fair
value
determinations
are
reviewed
on
a
regular
basis.
Because
any
fair
value
determination
involves
a
significant
amount
of
judgment,
there
is
a
degree
of
subjectivity
inherent
in
such
pricing
decisions. Fair
value
prices
determined
by
the
Valuation
Designee could
differ
from
those
of
other
market
participants,
and
it
is
possible
that
the
fair
value
determined
for
a
security
may
be
materially
different
from
the
value
that
could
be
realized
upon
the
sale
of
that
security.
Valuation
Inputs
  The
following
table
summarizes
the
fund’s
financial
instruments,
based
on
the
inputs
used
to
determine
their
fair
values
on
August
31,
2023
(for
further
detail
by
category,
please
refer
to
the
accompanying
Portfolio
of
Investments):
($000s)
Level
1
Level
2
Level
3
Total
Value
Assets
Fixed
Income
Securities
1
$
—‌
$
2,104,283‌
$
—‌
$
2,104,283‌
Short-Term
Investments
2‌
143,940‌
—‌
143,942‌
Securities
Lending
Collateral
675‌
—‌
—‌
675‌
Options
Purchased
47‌
—‌
—‌
47‌
Total
Securities
724‌
2,248,223‌
—‌
2,248,947‌
Swaps*
—‌
74‌
—‌
74‌
Forward
Currency
Exchange
Contracts
—‌
72‌
—‌
72‌
Futures
Contracts*
30‌
—‌
—‌
30‌
Total
$
754‌
$
2,248,369‌
$
—‌
$
2,249,123‌
Liabilities
Swaps*
$
—‌
$
836‌
$
—‌
$
836‌
Futures
Contracts*
1,211‌
—‌
—‌
1,211‌
Total
$
1,211‌
$
836‌
$
—‌
$
2,047‌
T.
ROWE
PRICE
Ultra
Short-Term
Bond
Fund
28
OTHER
MATTERS 
Unpredictable
events
such
as
environmental
or
natural
disasters,
war,
terrorism,
pandemics,
outbreaks
of
infectious
diseases,
and
similar
public
health
threats
may
significantly
affect
the
economy
and
the
markets
and
issuers
in
which
the fund
invests.
Certain
events
may
cause
instability
across
global
markets,
including
reduced
liquidity
and
disruptions
in
trading
markets,
while
some
events
may
affect
certain
geographic
regions,
countries,
sectors,
and
industries
more
significantly
than
others,
and
exacerbate
other
pre-existing
political,
social,
and
economic
risks.
Since
2020,
a
novel
strain
of
coronavirus
(COVID-19)
has
resulted
in
disruptions
to
global
business
activity
and
caused
significant
volatility
and
declines
in
global
financial
markets.
In
February
2022,
Russian
forces
entered
Ukraine
and
commenced
an
armed
conflict
leading
to
economic
sanctions
being
imposed
on
Russia
and
certain
of
its
citizens,
creating
impacts
on
Russian-related
stocks
and
debt
and
greater
volatility
in
global
markets.
In
March
2023,
the
collapse
of
some
US
regional
and
global
banks
as
well
as
overall
concerns
around
the
soundness
and
stability
of
the
global
banking
sector
has
sparked
concerns
of
a
broader
financial
crisis
impacting
the
overall
global
banking
sector.
In
certain
cases,
government
agencies
have
assumed
control
or
otherwise
intervened
in
the
operations
of
certain
banks
due
to
liquidity
and
solvency
concerns.
The
extent
of
impact
of
these
events
on
the
US
and
global
markets
is
highly
uncertain.
These
are
recent
examples
of
global
events
which
may
have
a
negative
impact
on
the
values
of
certain
portfolio
holdings
or
the
fund’s
overall
performance.
Management
is
actively
monitoring
the
risks
and
financial
impacts
arising
from
these
events.
F188-054Q1
08/23
1
Includes
Asset-Backed
Securities,
Corporate
Bonds,
Foreign
Government
Obligations
&
Municipalities,
Municipal
Securities,
Non-U.S.
Government
Mortgage-Backed
Securities,
U.S.
Government
&
Agency
Mortgage-Backed
Securities
and
U.S.
Government
Agency
Obligations
(Excluding
Mortgage-Backed).
*
The
fair
value
presented
includes
cumulative
gain
(loss)
on
open
futures
contracts
and
centrally
cleared
swaps;
however,
the
net
value
reflected
on
the
accompanying
Portfolio
of
Investments
is
only
the
unsettled
variation
margin
receivable
(payable)
at
that
date.