RPSIX: T. Rowe Price Spectrum Income

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RPSIX T. Rowe Price Spectrum Income


Profile

RPSIX - Profile

Vitals

  • YTD Return -1.1%
  • 3 Yr Annualized Return -0.6%
  • 5 Yr Annualized Return 0.6%
  • Net Assets $6.63 B
  • Holdings in Top 10 89.3%

52 WEEK LOW AND HIGH

$12.59
$10.78
$12.83

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

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

BROKERAGE FEES

  • Turnover 24.10%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return -1.1%
  • 3 Yr Annualized Total Return -0.6%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.17%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 Shriver

Fund Description

The fund broadly diversifies its assets among a set of T. Rowe Price mutual funds representing specific market segments. It normally invests in a variety of domestic and international bond funds, a money market fund, and an income-oriented stock fund. The fund can invest in funds holding high-quality domestic and foreign bonds, high-yield bonds, short- and long-term securities, dividend-paying stocks and other instruments.


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Categories

Fund Company Quick Screens

RPSIX - Fund Company Quick Screens


Performance

RPSIX - Performance

Return Ranking - Trailing

Period RPSIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.1% -55.0% 9.4% 57.60%
1 Yr -0.6% -55.3% 10.9% 50.97%
3 Yr -0.6%* -40.3% 4.9% 50.79%
5 Yr 0.6%* -35.0% 20.2% 37.36%
10 Yr 0.2%* -6.1% 1.2% 18.32%

* Annualized

Return Ranking - Calendar

Period RPSIX Return Category Return Low Category Return High Rank in Category (%)
2019 7.3% -35.1% 15.3% 19.13%
2018 -7.0% -48.0% 0.8% 68.75%
2017 2.9% -14.8% 11.2% 36.91%
2016 4.2% -11.2% 19.1% 32.18%
2015 -6.4% -51.1% 4.0% 62.00%

Total Return Ranking - Trailing

Period RPSIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.1% -55.0% 9.4% 57.60%
1 Yr -0.6% -55.3% 7.1% 50.97%
3 Yr -0.6%* -40.3% 3.9% 67.62%
5 Yr 0.6%* -35.0% 20.2% 56.04%
10 Yr 0.2%* -6.1% 5.1% 46.56%

* Annualized

Total Return Ranking - Calendar

Period RPSIX Return Category Return Low Category Return High Rank in Category (%)
2019 7.3% -35.1% 15.3% 25.22%
2018 -7.0% -48.0% 4.5% 76.25%
2017 2.9% -14.8% 14.0% 56.04%
2016 4.2% -11.2% 22.5% 47.75%
2015 -6.4% -51.1% 4.0% 72.80%

NAV & Total Return History


Holdings

RPSIX - Holdings

Concentration Analysis

RPSIX Category Low Category High RPSIX % Rank
Net Assets 6.63 B 5 M 126 B 7.90%
Number of Holdings 16 5 7722 97.30%
Net Assets in Top 10 5.73 B -418 M 29.7 B 2.16%
Weighting of Top 10 89.33% 4.8% 214.0% 6.59%

Top 10 Holdings

  1. T. Rowe Price New Income 18.03%
  2. T. Rowe Price High Yield 16.53%
  3. T. Rowe Price Equity Income 12.29%
  4. T. Rowe Price Emerging Markets Bond 8.27%
  5. T. Rowe Price GNMA 7.12%
  6. T. Rowe Price Intl Bd (USD Hdgd) 6.93%
  7. T. Rowe Price Floating Rate 5.73%
  8. T. Rowe Price Corporate Income 5.01%
  9. T. Rowe Price Emerg Mkts Lcl Ccy Bd 4.98%
  10. T. Rowe Price Short-Term Bond 4.44%

Asset Allocation

Weighting Return Low Return High RPSIX % Rank
Bonds
80.60% 14.17% 236.60% 79.41%
Stocks
12.00% -0.27% 13.09% 1.34%
Cash
6.15% -142.79% 75.97% 37.74%
Convertible Bonds
0.76% 0.00% 25.59% 72.51%
Preferred Stocks
0.49% 0.00% 39.23% 36.66%
Other
0.00% -8.59% 28.22% 59.30%

Stock Sector Breakdown

Weighting Return Low Return High RPSIX % Rank
Financial Services
20.77% 0.00% 100.00% 22.53%
Healthcare
15.45% 0.00% 100.00% 18.58%
Industrials
11.70% 0.00% 100.00% 10.67%
Utilities
10.66% 0.00% 100.00% 18.58%
Consumer Defense
9.58% 0.00% 23.37% 7.51%
Technology
8.70% 0.00% 29.78% 22.53%
Energy
7.94% 0.00% 100.00% 22.13%
Communication Services
6.27% 0.00% 100.00% 41.50%
Real Estate
3.48% 0.00% 100.00% 21.34%
Consumer Cyclical
3.43% 0.00% 100.00% 40.32%
Basic Materials
2.02% 0.00% 29.46% 20.95%

Stock Geographic Breakdown

Weighting Return Low Return High RPSIX % Rank
US
10.93% -0.33% 12.79% 1.35%
Non US
1.07% 0.00% 2.14% 2.16%

Bond Sector Breakdown

Weighting Return Low Return High RPSIX % Rank
Corporate
44.68% 0.00% 95.13% 61.19%
Government
28.25% 0.00% 99.16% 19.68%
Securitized
20.00% 0.00% 99.22% 39.89%
Cash & Equivalents
6.94% 0.02% 84.27% 36.66%
Municipal
0.08% 0.00% 36.37% 38.01%
Derivative
0.04% -0.44% 47.67% 49.06%

Bond Geographic Breakdown

Weighting Return Low Return High RPSIX % Rank
US
49.28% 10.76% 236.16% 86.79%
Non US
31.32% -16.32% 72.48% 25.07%

Expenses

RPSIX - Expenses

Operational Fees

RPSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.06% 24.26% 100.00%
Management Fee 0.00% 0.00% 2.25% 1.04%
12b-1 Fee N/A 0.00% 1.00% 5.58%
Administrative Fee N/A 0.01% 0.70% 66.46%

Sales Fees

RPSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

RPSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

RPSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.10% 0.00% 421.00% 12.08%

Distributions

RPSIX - Distributions

Dividend Yield Analysis

RPSIX Category Low Category High RPSIX % Rank
Dividend Yield 0.00% 0.00% 5.77% 45.48%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

RPSIX Category Low Category High RPSIX % Rank
Net Income Ratio 3.17% 0.96% 18.14% 71.58%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

RPSIX - Fund Manager Analysis

Managers

Charles Shriver


Start Date

Tenure

Tenure Rank

May 01, 2011

9.34

9.3%

Charles M. Shriver is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price Associates, Inc. He is a portfolio manager for several asset allocation portfolios within the Asset Allocation Group. He is the president of the Global Allocation, Balanced, Spectrum, and Personal Strategy Funds and chairman of their Investment Advisory Committees. Charles is also a member of the Investment Advisory Committee for the Real Assets Fund. He is cochair of the Asset Allocation Committee and has been with the firm since 1991. Charles earned a BA in economics and rhetoric/communications studies from the University of Virginia, an MSF in finance from Loyola University Maryland, and a graduate diploma in public economics from Stockholm University. He has earned the Chartered Financial Analyst designation.

Toby Thompson


Start Date

Tenure

Tenure Rank

Mar 01, 2020

0.5

0.5%

Toby Thompson is a portfolio manager within the Multi-Asset Division. Mr. Thompson is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price Associates, Inc. Mr. Thompson earned a B.S. in business and economics from Towson University and an MBA in finance from Loyola University Maryland. He has earned the Chartered Financial Analyst and Chartered Alternative Investment Analyst designations.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 29.32 5.81 5.67