Low Duration — Reserve

Low DurationLow Duration

0% Equity / 85% Fixed Income · Blend implementation · Last reviewed 2026-03-12

Ask T. Rowe Price
ActiveConstruction v20Jan 2016Jul 2026Benchmark: 1–3 Year Government/Credit Index

AI insights

Generate a briefing on positioning, performance, and risk for Low Duration — Reserve.

Volatility

3.0%

Annualized standard deviation

Max drawdown

-11.2%

Peak to trough

Sharpe ratio

-0.26

2.4% risk-free rate

Equity exposure

0%

Strategic target

Risk statistics

Model versus benchmark, since inception

MeasureModelBench

Annualized return

Since inception, net of fund fees

1.6%1.1%

Standard deviation

Annualized volatility of monthly returns

3.0%3.0%

Sharpe ratio

Assumes a 2.4% risk-free rate

-0.26-0.43

Max drawdown

Largest peak-to-trough decline

-11.2%-11.5%

Beta vs benchmark

Sensitivity to benchmark movements

1.061.00

Tracking error

Dispersion of excess return

2.5%0.0%

Historical drawdowns

How the model behaved through stress periods

  • COVID-19 selloff

    Jan 2020Mar 2020

    -6.0%

    Benchmark -6.4% · Model outperformed by 0.4 pts

  • 2022 rate shock

    Jan 2022Oct 2022

    -8.0%

    Benchmark -8.6% · Model outperformed by 0.6 pts

  • 2025 growth scare

    Feb 2025May 2025

    -3.0%

    Benchmark -3.4% · Model outperformed by 0.4 pts

Simulated stress results for illustration only.