PGMSX: T. Rowe Price Global Multi-Sector Bd I

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PGMSX T. Rowe Price Global Multi-Sector Bd I

  • Fund
  • PGMSX
  • Price as of: Nov 15, 2019
  • $11.56 + $0.01 + 0.09%

PGMSX - Profile

Vitals

  • YTD Return 5.7%
  • 3 Yr Annualized Return 1.4%
  • 5 Yr Annualized Return N/A
  • Net Assets $1.22 B
  • Holdings in Top 10 16.2%

52 WEEK LOW AND HIGH

$11.56
$10.89
$11.75

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.56%

SALES FEES

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

BROKERAGE FEES

  • Turnover 123.80%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style World Bond-USD Hedged

Distributions

  • YTD Total Return 5.7%
  • 3 Yr Annualized Total Return 1.4%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.96%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name T. Rowe Price Global Multi-Sector Bond Fund
  • Fund Family Name T. Rowe Price
  • Inception Date Mar 23, 2016
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Kenneth A. Orchard

Fund Description

The fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in bonds. It may invest in a variety of holdings in an effort to enhance income and achieve some capital growth. There is no limit on the fund's investments in U.S. dollar-denominated foreign debt instruments. Up to 65% of the fund's net assets can be invested in securities and other holdings that are rated noninvestment-grade (below BBB, or an equivalent rating).

PGMSX - Fund Company Quick Screens

PGMSX - Performance

Return Ranking - Trailing

Period PGMSX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.7% -11.6% 77.3% 55.29%
1 Yr 5.4% -16.6% 23.4% 62.61%
3 Yr 1.4%* -7.2% 10.6% 55.24%
5 Yr N/A* -8.8% 21.9% 9.64%
10 Yr N/A* -5.7% 11.3% 21.52%

* Annualized


Return Ranking - Calendar

Period PGMSX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.3% -53.1% 2.2% 18.91%
2017 2.7% -9.1% 15.4% 74.95%
2016 N/A -12.3% 219.0% N/A
2015 N/A -29.9% 14.0% N/A
2014 N/A -22.4% 200.4% N/A

Total Return Ranking - Trailing

Period PGMSX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.7% -11.6% 77.3% 56.34%
1 Yr 5.4% -16.6% 23.4% 65.65%
3 Yr 1.4%* -7.2% 15.6% 69.09%
5 Yr N/A* -6.4% 31.9% 10.90%
10 Yr N/A* -5.7% 13.8% 25.56%

* Annualized


Total Return Ranking - Calendar

Period PGMSX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.3% -53.1% 3.8% 26.28%
2017 2.7% -6.6% 21.6% 82.70%
2016 N/A -12.3% 242.1% N/A
2015 N/A -29.9% 22.6% N/A
2014 N/A -22.2% 203.8% N/A

NAV & Total Return History

PGMSX - Holdings

Concentration Analysis

PGMSX Category Low Category High PGMSX % Rank
Net Assets 1.22 B 926 K 14.1 B 20.00%
Number of Holdings 490 5 3562 26.12%
Net Assets in Top 10 194 M -144 M 11.4 B 26.72%
Weighting of Top 10 16.21% 5.6% 1055.7% 86.57%

Top 10 Holdings

  1. Federal National Mortgage Association 3% 2.36%

  2. Mexico (United Mexican States) 6.5% 1.98%

  3. United States Treasury Notes 2.25% 1.88%

  4. The Republic of Korea 1.88% 1.73%

  5. Brazil (Federative Republic) 10% 1.44%

  6. Israel Government Bond - Fixed 1.41%

  7. Japan (Government Of) 0.1% 1.41%

  8. Mexico (United Mexican States) 8% 1.38%

  9. Malaysia (Government Of) 3.8% 1.37%

  10. Republic Of South Africa Government Bond 1.26%


Asset Allocation

Weighting Return Low Return High PGMSX % Rank
Bonds
87.60% 80.10% 1025.08% 86.42%
Cash
12.26% -1000.79% 20.55% 6.27%
Convertible Bonds
0.14% -0.84% 50.87% 48.06%
Stocks
0.00% -61.27% 110.51% 65.82%
Preferred Stocks
0.00% 0.00% 10.86% 50.15%
Other
0.00% -31.37% 67.70% 53.73%

Bond Sector Breakdown

Weighting Return Low Return High PGMSX % Rank
Government
42.50% -12.72% 1025.08% 73.58%
Corporate
26.96% 0.00% 242.29% 35.37%
Securitized
17.64% 0.00% 113.77% 22.99%
Cash & Equivalents
12.26% -999.86% 49.97% 7.76%
Municipal
0.00% 0.00% 94.52% 56.57%
Derivative
-0.63% -167.75% 61.05% 87.61%

Bond Geographic Breakdown

Weighting Return Low Return High PGMSX % Rank
Non US
54.26% -95.83% 193.82% 58.36%
US
33.34% -66.43% 1120.91% 52.54%

PGMSX - Expenses

Operational Fees

PGMSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.56% 0.17% 290.47% 95.74%
Management Fee 0.49% 0.00% 2.50% 18.59%
12b-1 Fee 0.00% 0.00% 1.00% 8.31%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

PGMSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.15% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PGMSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.15% 2.00% 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.

PGMSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 123.80% 0.00% 963.00% 67.71%

PGMSX - Distributions

Dividend Yield Analysis

PGMSX Category Low Category High PGMSX % Rank
Dividend Yield 1.62% 0.00% 13.34% 49.85%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

PGMSX Category Low Category High PGMSX % Rank
Net Income Ratio 3.96% -1.65% 8.90% 30.85%

Capital Gain Distribution Analysis

PGMSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

PGMSX - Managers

Kenneth A. Orchard

Manager

Start Date

Tenure

Tenure Rank

Jan 31, 2018

1.75

1.8%

Kenneth Orchard is a senior portfolio manager in the Fixed Income Division of T. Rowe Price and a member of the Global Fixed Income Investment Team. He is the portfolio manager for the Global Multi-Sector Bond and Diversified Income Bond Strategies and co-portfolio manager for the International Bond Strategies. Mr. Orchard earned a B.A. in international relations from the University of British Columbia and an M.Sc. in public financial policy from the London School of Economics. He has also earned the Chartered Financial Analyst designation.


Tenure Analysis

Category Low

0.0

Category High

28.85

Category Average

5.8

Category Mode

10.17