Shareholder Report
|
12 Months Ended |
|
May 31, 2025
USD ($)
Holding
|
|---|
| Shareholder Report [Line Items] |
|
| Document Type |
N-CSR
|
| Amendment Flag |
false
|
| Registrant Name |
T. ROWE PRICE SHORT-TERM BOND FUND, INC.
|
| Entity Central Index Key |
0000731890
|
| Entity Investment Company Type |
N-1A
|
| Document Period End Date |
May 31, 2025
|
| C000222038 |
|
| Shareholder Report [Line Items] |
|
| Fund Name |
Short Duration Income Fund
|
| Class Name |
Investor Class
|
| Trading Symbol |
TSDLX
|
| Annual or Semi-Annual Statement [Text Block] |
This annual shareholder report contains important information about Short Duration Income Fund (the "fund") for the period of June 1, 2024 to May 31, 2025. You can find the fund’s prospectus, financial information on Form N‑CSR (which includes required tax information for dividends), holdings, proxy voting information, and other information atwww.troweprice.com/prospectus. You can also request this information without charge by contacting T. Rowe Price at 1‑800‑638‑5660 or info@troweprice.com or contacting your intermediary.
|
| Shareholder Report Annual or Semi-Annual |
Annual Shareholder Report
|
| Additional Information [Text Block] |
You can find the fund’s prospectus, financial information on Form N‑CSR (which includes required tax information for dividends), holdings, proxy voting information, and other information atwww.troweprice.com/prospectus. You can also request this information without charge by contacting T. Rowe Price at 1‑800‑638‑5660 or info@troweprice.com or contacting your intermediary.
|
| Material Fund Change Notice [Text Block] |
|
| Additional Information Phone Number |
1‑800‑638‑5660
|
| Additional Information Email |
<span style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 400; grid-area: auto; line-height: 17.3333px; margin: 0px; overflow: visible; text-align: justify; text-align-last: left; white-space-collapse: preserve-breaks;">info@troweprice.com</span>
|
| Additional Information Website |
www.troweprice.com/prospectus
|
| Expenses [Text Block] |
What were the fund costs for the last year? (based on a hypothetical $10,000 investment)
|
Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
Short Duration Income Fund - Investor Class |
$41 |
0.40% | |
| Expenses Paid, Amount |
$ 41
|
| Expense Ratio, Percent |
0.40%
|
| Factors Affecting Performance [Text Block] |
What drove fund performance during the past 12 months?The shorter-maturity U.S. investment-grade bond market generated positive returns over the year ended May 31, 2025, as front-end yields fell amid elevated rate volatility, driven by heightened trade policy uncertainty and fiscal policy concerns near the end of the period. The fund’s out-of-benchmark allocations to asset-backed securities (ABS), non-agency mortgage-backed securities, commercial mortgage-backed securities, and collateralized loan obligations aided performance relative to its style-specific benchmark, the Bloomberg US Corporate 1-3 Yr Total Return Index Value. Security selection within the investment-grade and high yield corporate sectors also aided results versus the style-specific index. Interest rate management did not meaningfully impact performance over the period. The Short Duration Income Fund seeks to provide income consistent with limited fluctuation in principal value and liquidity. The fund’s allocation to investment-grade corporate bonds increased over the reporting period and continued to represent its largest absolute position. The fund’s allocation to U.S. Treasuries and ABS decreased relative to the style-specific index. While we are primarily a cash bond manager, we occasionally employ the limited use of derivatives in our strategy for hedging purposes. The use of derivatives may include futures and options, as well as credit default and interest rate swaps.
|
| Performance Past Does Not Indicate Future [Text] |
The fund’s past performance is not a good predictor of the fund’s future performance.
|
| Line Graph [Table Text Block] |
|
Investor Class |
Regulatory Benchmark |
Strategy Benchmark |
12/8/20 |
10,000 |
10,000 |
10,000 |
2/28/21 |
10,083 |
9,822 |
10,028 |
5/31/21 |
10,121 |
9,808 |
10,056 |
8/31/21 |
10,162 |
9,968 |
10,063 |
11/30/21 |
10,091 |
9,909 |
10,005 |
2/28/22 |
9,951 |
9,562 |
9,876 |
5/31/22 |
9,753 |
9,002 |
9,756 |
8/31/22 |
9,637 |
8,820 |
9,678 |
11/30/22 |
9,544 |
8,636 |
9,651 |
2/28/23 |
9,659 |
8,633 |
9,708 |
5/31/23 |
9,779 |
8,809 |
9,831 |
8/31/23 |
9,865 |
8,715 |
9,908 |
11/30/23 |
10,013 |
8,738 |
10,070 |
2/29/24 |
10,209 |
8,920 |
10,231 |
5/31/24 |
10,332 |
8,924 |
10,343 |
8/31/24 |
10,626 |
9,351 |
10,626 |
11/30/24 |
10,723 |
9,339 |
10,723 |
2/28/25 |
10,915 |
9,438 |
10,871 |
5/31/25 |
11,026 |
9,411 |
10,999 |
|
| Average Annual Return [Table Text Block] |
|
1 Year |
Since Inception 12/8/20 |
Short Duration Income Fund (Investor Class) |
6.71% |
2.21% |
Bloomberg U.S. Aggregate Bond Index (Regulatory Benchmark) |
5.46 |
-1.35 |
Bloomberg 1-3 Year U.S. Corporate Bond Index (Strategy Benchmark) |
6.33 |
2.15 | |
| Performance Inception Date |
Dec. 08, 2020
|
| No Deduction of Taxes [Text Block] |
Neither the fund’s returns nor the index returns reflect the deduction of taxes that a shareholder would pay on fund distributions or redemptions of fund shares.
|
| Updated Performance Information Location [Text Block] |
Updated performance information can be found at www.troweprice.com.
|
| Distribution of Capital [Text Block] |
The fund's total return figures reflect the reinvestment of dividends and capital gains, if any.
|
| AssetsNet |
$ 97,143,000
|
| Holdings Count | Holding |
543
|
| Advisory Fees Paid, Amount |
$ (139,000)
|
| InvestmentCompanyPortfolioTurnover |
90.80%
|
| Additional Fund Statistics Significance or Limits [Text Block] |
What are some fund statistics? - Total Net Assets (000s)$97,143
- Number of Portfolio Holdings543
|
| Holdings [Text Block] |
Corporate Bonds |
40.0% |
Asset-Backed Securities |
24.8 |
U.S. Government Agency Obligations (Excluding Mortgage-Backed) |
13.6 |
Non-U.S. Government Mortgage-Backed Securities |
7.4 |
U.S. Government & Agency Mortgage-Backed Securities |
7.2 |
Commercial Paper |
2.4 |
Foreign Government Obligations & Municipalities |
2.1 |
Bank Loans |
1.1 |
Short-Term and Other |
1.4 | |
| Largest Holdings [Text Block] |
U.S. Treasury Notes |
12.6% |
Federal National Mortgage Assn. |
4.2 |
Federal Home Loan Mortgage |
2.1 |
U.S. Treasury Inflation-Indexed Notes |
1.0 |
Progress Residential |
0.9 |
General Motors Financial |
0.8 |
Barclays |
0.8 |
Societe Generale |
0.7 |
Wells Fargo |
0.7 |
SMB Private Education Loan Trust |
0.7 | |
| Material Fund Change [Text Block] |
|
| Updated Prospectus Web Address |
www.troweprice.com/paperless
|
| C000222039 |
|
| Shareholder Report [Line Items] |
|
| Fund Name |
Short Duration Income Fund
|
| Class Name |
I Class
|
| Trading Symbol |
TSIDX
|
| Annual or Semi-Annual Statement [Text Block] |
This annual shareholder report contains important information about Short Duration Income Fund (the "fund") for the period of June 1, 2024 to May 31, 2025. You can find the fund’s prospectus, financial information on Form N‑CSR (which includes required tax information for dividends), holdings, proxy voting information, and other information atwww.troweprice.com/prospectus. You can also request this information without charge by contacting T. Rowe Price at 1‑800‑638‑5660 or info@troweprice.com or contacting your intermediary.
|
| Shareholder Report Annual or Semi-Annual |
Annual Shareholder Report
|
| Additional Information [Text Block] |
You can find the fund’s prospectus, financial information on Form N‑CSR (which includes required tax information for dividends), holdings, proxy voting information, and other information atwww.troweprice.com/prospectus. You can also request this information without charge by contacting T. Rowe Price at 1‑800‑638‑5660 or info@troweprice.com or contacting your intermediary.
|
| Material Fund Change Notice [Text Block] |
|
| Additional Information Phone Number |
1‑800‑638‑5660
|
| Additional Information Email |
<span style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 400; grid-area: auto; line-height: 17.3333px; margin: 0px; overflow: visible; text-align: justify; text-align-last: left; white-space-collapse: preserve-breaks;">info@troweprice.com</span>
|
| Additional Information Website |
www.troweprice.com/prospectus
|
| Expenses [Text Block] |
What were the fund costs for the last year? (based on a hypothetical $10,000 investment)
|
Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
Short Duration Income Fund - I Class |
$30 |
0.29% | |
| Expenses Paid, Amount |
$ 30
|
| Expense Ratio, Percent |
0.29%
|
| Factors Affecting Performance [Text Block] |
What drove fund performance during the past 12 months?The shorter-maturity U.S. investment-grade bond market generated positive returns over the year ended May 31, 2025, as front-end yields fell amid elevated rate volatility, driven by heightened trade policy uncertainty and fiscal policy concerns near the end of the period. The fund’s out-of-benchmark allocations to asset-backed securities (ABS), non-agency mortgage-backed securities, commercial mortgage-backed securities, and collateralized loan obligations aided performance relative to its style-specific benchmark, the Bloomberg US Corporate 1-3 Yr Total Return Index Value. Security selection within the investment-grade and high yield corporate sectors also aided results versus the style-specific index. Interest rate management did not meaningfully impact performance over the period. The Short Duration Income Fund seeks to provide income consistent with limited fluctuation in principal value and liquidity. The fund’s allocation to investment-grade corporate bonds increased over the reporting period and continued to represent its largest absolute position. The fund’s allocation to U.S. Treasuries and ABS decreased relative to the style-specific index. While we are primarily a cash bond manager, we occasionally employ the limited use of derivatives in our strategy for hedging purposes. The use of derivatives may include futures and options, as well as credit default and interest rate swaps.
|
| Performance Past Does Not Indicate Future [Text] |
The fund’s past performance is not a good predictor of the fund’s future performance.
|
| Line Graph [Table Text Block] |
|
I Class |
Regulatory Benchmark |
Strategy Benchmark |
12/8/20 |
500,000 |
500,000 |
500,000 |
2/28/21 |
504,292 |
491,107 |
501,375 |
5/31/21 |
506,334 |
490,403 |
502,782 |
8/31/21 |
508,512 |
498,419 |
503,129 |
11/30/21 |
505,104 |
495,429 |
500,247 |
2/28/22 |
498,217 |
478,121 |
493,805 |
5/31/22 |
488,450 |
450,082 |
487,789 |
8/31/22 |
482,725 |
441,022 |
483,898 |
11/30/22 |
478,221 |
431,818 |
482,548 |
2/28/23 |
484,094 |
431,639 |
485,408 |
5/31/23 |
489,706 |
440,437 |
491,543 |
8/31/23 |
494,685 |
435,759 |
495,415 |
11/30/23 |
502,230 |
436,913 |
503,510 |
2/29/24 |
512,176 |
446,000 |
511,526 |
5/31/24 |
518,523 |
446,187 |
517,174 |
8/31/24 |
533,377 |
467,555 |
531,289 |
11/30/24 |
538,419 |
466,951 |
536,130 |
2/28/25 |
547,611 |
471,905 |
543,566 |
5/31/25 |
553,908 |
470,544 |
549,931 |
|
| Average Annual Return [Table Text Block] |
|
1 Year |
Since Inception 12/8/20 |
Short Duration Income Fund (I Class) |
6.82% |
2.31% |
Bloomberg U.S. Aggregate Bond Index (Regulatory Benchmark) |
5.46 |
-1.35 |
Bloomberg 1-3 Year U.S. Corporate Bond Index (Strategy Benchmark) |
6.33 |
2.15 | |
| Performance Inception Date |
Dec. 08, 2020
|
| No Deduction of Taxes [Text Block] |
Neither the fund’s returns nor the index returns reflect the deduction of taxes that a shareholder would pay on fund distributions or redemptions of fund shares.
|
| Updated Performance Information Location [Text Block] |
Updated performance information can be found at www.troweprice.com.
|
| Distribution of Capital [Text Block] |
The fund's total return figures reflect the reinvestment of dividends and capital gains, if any.
|
| AssetsNet |
$ 97,143,000
|
| Holdings Count | Holding |
543
|
| Advisory Fees Paid, Amount |
$ (139,000)
|
| InvestmentCompanyPortfolioTurnover |
90.80%
|
| Additional Fund Statistics Significance or Limits [Text Block] |
What are some fund statistics? - Total Net Assets (000s)$97,143
- Number of Portfolio Holdings543
|
| Holdings [Text Block] |
Corporate Bonds |
40.0% |
Asset-Backed Securities |
24.8 |
U.S. Government Agency Obligations (Excluding Mortgage-Backed) |
13.6 |
Non-U.S. Government Mortgage-Backed Securities |
7.4 |
U.S. Government & Agency Mortgage-Backed Securities |
7.2 |
Commercial Paper |
2.4 |
Foreign Government Obligations & Municipalities |
2.1 |
Bank Loans |
1.1 |
Short-Term and Other |
1.4 | |
| Largest Holdings [Text Block] |
U.S. Treasury Notes |
12.6% |
Federal National Mortgage Assn. |
4.2 |
Federal Home Loan Mortgage |
2.1 |
U.S. Treasury Inflation-Indexed Notes |
1.0 |
Progress Residential |
0.9 |
General Motors Financial |
0.8 |
Barclays |
0.8 |
Societe Generale |
0.7 |
Wells Fargo |
0.7 |
SMB Private Education Loan Trust |
0.7 | |
| Material Fund Change [Text Block] |
|
| Updated Prospectus Web Address |
www.troweprice.com/paperless
|
