PRSAX: T. Rowe Price Global Multi-Sector Bd Adv

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PRSAX T. Rowe Price Global Multi-Sector Bd Adv


Profile

PRSAX - Profile

Vitals

  • YTD Return 0.9%
  • 3 Yr Annualized Return 1.1%
  • 5 Yr Annualized Return 0.7%
  • Net Assets $1.38 B
  • Holdings in Top 10 18.9%

52 WEEK LOW AND HIGH

$11.60
$11.13
$11.76

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.05%

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) $0
  • IRA N/A

Fund Classification

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

Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return 1.1%
  • 5 Yr Annualized Total Return 0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.49%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    T. Rowe Price Global Multi-Sector Bond Fund
  • Fund Family Name
    T. Rowe Price
  • Inception Date
    Dec 15, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kenneth 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. Under normal conditions, the fund will invest at least 40% of its net assets (unless foreign market conditions are not deemed favorable by the investment adviser, in which case the fund would invest at least 30% of its net assets) in securities issued by governments or companies that are organized or located outside the U.S. or doing a substantial amount of business outside the U.S.


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Categories

Fund Company Quick Screens

PRSAX - Fund Company Quick Screens


Performance

PRSAX - Performance

Return Ranking - Trailing

Period PRSAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -3.6% 10.8% 59.40%
1 Yr 4.2% -17.2% 38.0% 57.99%
3 Yr 1.1%* -15.4% 7.1% 41.75%
5 Yr 0.7%* -11.9% 24.4% 31.30%
10 Yr -0.1%* -7.4% 12.7% 58.74%

* Annualized

Return Ranking - Calendar

Period PRSAX Return Category Return Low Category Return High Rank in Category (%)
2019 5.0% -9.9% 62.6% 71.14%
2018 -4.3% -53.1% 2.2% 15.89%
2017 2.7% -9.1% 20.0% 78.62%
2016 3.2% -12.3% 219.0% 54.86%
2015 -3.5% -29.9% 14.0% 14.23%

Total Return Ranking - Trailing

Period PRSAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -3.6% 10.8% 59.40%
1 Yr 4.2% -17.2% 38.0% 57.56%
3 Yr 1.1%* -15.4% 9.1% 61.00%
5 Yr 0.7%* -11.9% 32.4% 52.44%
10 Yr -0.1%* -7.4% 20.8% 71.75%

* Annualized

Total Return Ranking - Calendar

Period PRSAX Return Category Return Low Category Return High Rank in Category (%)
2019 5.0% -9.9% 62.6% 71.72%
2018 -4.3% -53.1% 3.3% 22.90%
2017 2.7% -6.6% 21.6% 86.03%
2016 3.2% -12.3% 242.1% 67.81%
2015 -3.5% -29.9% 22.6% 27.03%

NAV & Total Return History


Holdings

PRSAX - Holdings

Concentration Analysis

PRSAX Category Low Category High PRSAX % Rank
Net Assets 1.38 B 1.04 M 14.7 B 17.36%
Number of Holdings 511 4 3699 23.24%
Net Assets in Top 10 243 M -1.8 M 17.7 B 25.97%
Weighting of Top 10 18.88% 5.6% 1055.7% 73.74%

Top 10 Holdings

  1. Republic of Chile 4.7% 2.73%
  2. Malaysia (Government Of) 3.8% 2.26%
  3. Federal National Mortgage Association 3% 2.19%
  4. Israel (State Of) 1.75% 2.10%
  5. China (People's Republic Of) 3.19% 1.82%
  6. Cyprus (Republic Of) 2.75% 1.74%
  7. Mexico (United Mexican States) 8% 1.66%
  8. Romania 4.25% 1.51%
  9. Secretaria Tesouro Nacional 10% 1.43%
  10. Italy (Republic Of) 1.5% 1.43%

Asset Allocation

Weighting Return Low Return High PRSAX % Rank
Bonds
93.45% 80.28% 1025.08% 61.55%
Cash
6.29% -1000.79% 21.44% 22.53%
Preferred Stocks
0.14% 0.00% 11.06% 6.60%
Other
0.11% -29.23% 67.70% 23.67%
Stocks
0.00% -6.36% 110.51% 49.78%
Convertible Bonds
0.00% 0.00% 14.29% 61.69%

Bond Sector Breakdown

Weighting Return Low Return High PRSAX % Rank
Government
40.37% -0.16% 263.38% 66.57%
Corporate
34.25% 0.00% 120.52% 22.38%
Securitized
19.07% 0.00% 89.51% 12.91%
Cash & Equivalents
6.27% -221.24% 51.46% 45.48%
Derivative
0.04% -6.01% 59.88% 45.91%
Municipal
0.00% 0.00% 55.86% 20.80%

Bond Geographic Breakdown

Weighting Return Low Return High PRSAX % Rank
Non US
59.59% -95.83% 193.82% 54.95%
US
33.86% -10.67% 1120.91% 51.94%

Expenses

PRSAX - Expenses

Operational Fees

PRSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.05% 0.01% 38.91% 62.26%
Management Fee 0.49% 0.00% 2.50% 19.31%
12b-1 Fee 0.25% 0.00% 1.00% 24.23%
Administrative Fee 0.15% 0.01% 0.50% 63.33%

Sales Fees

PRSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PRSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% N/A

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.

PRSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 123.80% 0.00% 963.00% 68.74%

Distributions

PRSAX - Distributions

Dividend Yield Analysis

PRSAX Category Low Category High PRSAX % Rank
Dividend Yield 0.62% 0.00% 4.36% 31.42%

Dividend Distribution Analysis

PRSAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

PRSAX Category Low Category High PRSAX % Rank
Net Income Ratio 3.49% -1.27% 11.37% 43.64%

Capital Gain Distribution Analysis

PRSAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

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Fund Manager Analysis

PRSAX - Fund Manager Analysis

Managers

Kenneth Orchard


Start Date

Tenure

Tenure Rank

Jan 31, 2018

2.0

2.0%

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 Category High Category Average Category Mode
0.08 29.1 5.9 10.42