T. Rowe Price Limited-Duration Inflation Focused Bond Fund, Inc.
T. ROWE PRICE LIMITED-DURATION INFLATION FOCUSED BOND FUND, INC. · Series S000013369 · 3 share classes
data updated 2026-09-08
Fund profile
As filed in the prospectus · 2025 Q3
The fund seeks a level of income that is consistent with the current rate of inflation.
The fund invests at least 80% of assets in short- and intermediate-term investment-grade bonds, with at least 20% in inflation-linked securities such as Treasury Inflation Protected Securities, and maintains duration within two years of the Bloomberg U.S. 1-5 Year Treasury TIPS Index. The adviser adjusts the allocation between inflation-linked and non-indexed bonds based on its outlook for inflation and interest rates, and uses interest rate futures and inflation swaps to manage duration and inflation exposure. Because the fund's holdings depend on the adviser's economic forecasts, performance may diverge from inflation-linked bond benchmarks.
Portfolio turnover 40.90% · as of 2025 Q3
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 99.92% |
| Derivatives | 0.01% |
| Cash & short-term | 0.01% |
| Securitized | 0.00% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
New: TIPS, UXYU6 US 10YR ULTRA FUT SEP26
Exited: TIPS, FVM6 US 5YR NOTE (CBT) JUN26, UXYM6 US 10YR ULTRA FUT JUN26, TUM6 US 2YR NOTE (CBT) JUN26
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +3.59% | +13.23% | +12.92% | 1.95% | -1.67% | |
| +3.80% | +13.98% | +13.96% | 1.81% | -1.48% | |
| +4.12% | +15.05% | +15.62% | 1.98% | -1.49% |
These classes hold the same portfolio, so the 2.70pp spread over 5 years is the cost difference between them — roughly 0.54pp a year — not a difference in what they own.
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
| Floating rate | 0.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 2.8% |
| 1-3y | 52.8% |
| 3-5y | 44.4% |
| 5-10y | 0.0% |
| 10y+ | 0.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying a small fraction as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 100% |
| Credit spreads | 0% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +0.00 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.00 yr | 0% |
| 1 yr | 1.16 yr | 41% |
| 5 yr | 1.66 yr | 59% |
10 yr is NEGATIVE (-0.05 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.00 yr | 3% |
| 5 yr | 0.00 yr | 47% |
| 10 yr | 0.00 yr | 50% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 1 yr | +1.16 | +0.00 | +0.00 | $6 | $0 |
| 5 yr | +1.66 | +0.00 | +0.00 | $115 | $0 |
| 10 yr | -0.05 | +0.00 | +0.00 | $121 | $0 |
| 30 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | TIPS2.13% · due 2029-04-15 | 13.03% | $1.33B | — |
| — | TSY INFL IX N/B1.63% · due 2030-04-15 | 10.36% | $1.06B | — |
| — | TIPS2.38% · due 2028-10-15 | 9.90% | $1.01B | — |
| — | TSY INFL IX N/B1.13% · due 2030-10-15 | 7.79% | $798.36M | — |
| — | TIPS1.63% · due 2027-10-15 | 7.30% | $748.21M | — |
| — | TIPS0.13% · due 2030-07-15 | 5.87% | $601.10M | — |
| — | TIPS1.63% · due 2029-10-15 | 5.72% | $586.30M | — |
| — | TIPS1.25% · due 2028-04-15 | 5.36% | $548.72M | — |
| — | TIPS0.25% · due 2029-07-15 | 5.34% | $547.19M | — |
| — | TIPS0.13% · due 2031-01-15 | 4.97% | $509.42M | — |
Top 10 positions are 75.64% of net assets, top 25 99.94%, across 14 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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