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RPSIX T. Rowe Price Spectrum Income

  • Fund
  • RPSIX
  • Price as of: Dec 01, 2016
  • $12.35
  • - $0.02
  • - 0.16%
  • Category
  • Total Bond Market

RPSIX - Profile

Vitals

  • YTD Return 3.9%
  • 3 Yr Annualized Return 3.4%
  • 5 Yr Annualized Return 4.7%
  • Net Assets $6.35 B
  • Holdings in Top 10 95.1%

52 WEEK LOW AND HIGH

$12.35
$11.65
$12.76

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.00%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 17.90%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return 3.9%
  • 3 Yr Annualized Total Return 3.4%
  • 5 Yr Annualized Total Return 4.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.06%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name T. Rowe Price Spectrum Income Fund
  • Fund Family Name T. Rowe Price
  • Inception Date Jun 29, 1990
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Charles M. Shriver

Fund Description

The T. Rowe Price Spectrum Income Fund (RPSIX) is an actively managed fund of funds that focuses on producing high current income. As a fund of funds, RPSIX invests in 14 T. Rowe Price bond, foreign bond and money-market mutual funds. The fund can also own equity income funds.

Given its low costs and all-in-one approach to fixed income, RPSIX makes an ideal core choice for investors seeking income. The fund is internally managed by T. Rowe Price.

RPSIX - Performance

Return Ranking - Trailing

Period RPSIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.9% -8.1% 202.4% 5.60% 1
1 Yr 6.9% -12.6% 13.2% 2.92% 1
3 Yr 3.4% * -5.8% 8.5% 12.30% 1
5 Yr 4.7% * -2.8% 9.4% 4.77% 1
10 Yr 5.4% * -1.7% 9.8% 8.44% 1

* Annualized


Return Ranking - Calendar

Period RPSIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.4% -33.0% 3.0% 60.15% 5
2014 -0.5% -9.3% 14.9% 45.01% 4
2013 -1.8% -24.1% 40.4% 22.07% 2
2012 5.6% -100.0% 18.7% 10.67% 1
2011 -0.4% -20.6% 15.5% 41.06% 4

Total Return Ranking - Trailing

Period RPSIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.9% -7.3% 205.2% 10.62% 1
1 Yr 6.9% -12.6% 16.3% 2.82% 1
3 Yr 3.4% * -7.2% 8.5% 13.56% 1
5 Yr 4.7% * -3.7% 9.4% 5.94% 1
10 Yr 5.4% * -1.7% 9.8% 12.05% 1

* Annualized


Total Return Ranking - Calendar

Period RPSIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.3% -32.5% 4.5% 67.18% 5
2014 0.5% -8.3% 16.8% 53.42% 4
2013 -0.5% -12.9% 58.5% 23.22% 2
2012 6.2% -100.0% 35.2% 27.85% 2
2011 -0.2% -20.7% 18.1% 55.80% 4

NAV & Total Return History

RPSIX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

RPSIX Category Low Category High RPSIX % Rank Quintile
Net Assets 6.35 B 319 K 176 B 3.41% 1
Number of Holdings 14 1 17569 23.75% 5
Net Assets in Top 10 6.1 B -36 B 21.3 B 0.76% 1
Weighting of Top 10 95.1% 0.0% 1093.9% 2.85% 1

Top 10 Holdings

  1. T. Rowe Price New Income 19.52%
  2. T. Rowe Price High Yield 17.06%
  3. T. Rowe Price Equity Income 12.32%
  4. T. Rowe Price Emerging Markets Bond 8.63%
  5. T. Rowe Price GNMA 9.45%
  6. T. Rowe Price International Bond 8.53%
  7. T. Rowe Price Short-Term Bond 4.69%
  8. T. Rowe Price Corporate Income 5.98%
  9. T. Rowe Price Floating Rate 4.87%
  10. T. Rowe Price Emerg Mkts Lcl Ccy Bd 4.01%

Asset Allocation

Weighting Category Low Category High RPSIX % Rank Quintile
Bonds
80.66% -175.98% 192.68% 22.99% 5
Stocks
12.14% -3.27% 98.09% 0.97% 1
Cash
6.03% -96.63% 275.92% 12.61% 2
Other
0.86% -30.71% 98.36% 9.51% 2
Convertible Bonds
0.18% 0.00% 12.73% 4.78% 2
Preferred Stocks
0.13% -0.45% 17.13% 6.61% 2

Stock Sector Breakdown

Weighting Category Low Category High RPSIX % Rank Quintile
Financial Services
2.67% -0.47% 17.99% 1.78% 1
Energy
1.40% -0.88% 10.68% 2.00% 1
Technology
1.38% -2.37% 18.95% 2.34% 1
Industrials
1.34% -0.83% 11.90% 1.67% 1
Consumer Cyclical
1.32% -0.36% 12.25% 1.89% 1
Healthcare
1.13% -1.47% 13.44% 1.67% 1
Utilities
1.07% -0.13% 4.31% 2.00% 1
Basic Materials
0.63% -0.43% 12.15% 1.67% 1
Consumer Defense
0.63% -0.34% 13.63% 2.22% 1
Communication Services
0.56% -0.57% 8.42% 1.67% 1
Real Estate
0.02% -0.31% 15.95% 4.89% 1

Stock Geographic Breakdown

Weighting Category Low Category High RPSIX % Rank Quintile
US
11.27% -2.87% 90.73% 0.86% 1
Non US
0.87% -1.22% 96.69% 1.17% 1

Bond Sector Breakdown

Weighting Category Low Category High RPSIX % Rank Quintile
Corporate
34.89% 0.00% 221.70% 16.38% 3
Government
23.16% -389.49% 128.09% 12.36% 3
Securitized
21.69% 0.00% 105.84% 19.48% 4
Cash & Equivalents
6.24% -63.55% 416.01% 12.11% 2
Municipal
0.27% 0.00% 105.76% 11.70% 3
Derivative
-0.03% -513.07% 38.63% 2.49% 5

Bond Geographic Breakdown

Weighting Category Low Category High RPSIX % Rank Quintile
US
51.54% -370.09% 180.29% 25.48% 5
Non US
29.12% -45.82% 351.70% 4.53% 1

RPSIX - Expenses

Operational Fees

RPSIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.00% 0.00% 42.51% 14.45% 1
Management Fee 0.00% 0.00% 2.15% 4.78% 1
12b-1 Fee 0.00% 0.00% 1.00% 3.02% 1
Administrative Fee 0.15% 0.00% 0.63% 1.66% 4

Sales Fees

RPSIX Fees (% of AUM) Category Low Category High RPSIX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

RPSIX Fees (% of AUM) Category Low Category High RPSIX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

RPSIX Fees (% of AUM) Category Low Category High RPSIX Rank Quintile
Turnover 17.90% 0.00% 1856.00% 16.28% 1

RPSIX - Distributions

Dividend Yield Analysis

RPSIX Category Low Category High RPSIX % Rank Quintile
Dividend Yield 0.4% 0.00% 1.30% 7.68% 1

Dividend Distribution Analysis

RPSIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

RPSIX Category Low Category High RPSIX % Rank Quintile
Net Income Ratio 3.06% -1.76% 17.13% 8.45% 1

Capital Gain Distribution Analysis

RPSIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

RPSIX - Managers

Charles M. Shriver

Manager

Start Date

May 01, 2011

Tenure

5.51

Tenure Rank

5.0%

Shriver is the Chairman since 2011 and is responsible for implementing and monitoring the fund’s overall investment strategy, as well as allocation of fund’s assets. Mr. Shriver joined T. Rowe Price Associates, Inc. in 1991 and is a vice president.


Tenure Analysis

Category Low

0.0

Category High

27.9

Category Average

6.07

Category Mode

4.8