RPSIX: T. Rowe Price Spectrum Income

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RPSIX T. Rowe Price Spectrum Income

  • Fund
  • RPSIX
  • Price as of: Dec 06, 2019
  • $12.68
    + $0.02 + 0.16%

Profile

RPSIX - Profile

Vitals

  • YTD Return 6.9%
  • 3 Yr Annualized Return 0.6%
  • 5 Yr Annualized Return -0.3%
  • Net Assets $6.8 B
  • Holdings in Top 10 87.7%

52 WEEK LOW AND HIGH

$12.68
$11.78
$12.69

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.00%

SALES FEES

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

BROKERAGE FEES

  • Turnover 22.80%

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 6.9%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return -0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.30%
DIVIDENDS
  • Dividend Yield 1.2%
  • 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.


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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 6.9% -25.8% 15.2% 22.71%
1 Yr 5.2% -6.7% 12.7% 44.08%
3 Yr 0.6%* -11.6% 10.2% 53.06%
5 Yr -0.3%* -20.4% 6.6% 55.37%
10 Yr 0.7%* -3.6% 8.6% 44.78%

* Annualized

Return Ranking - Calendar

Period RPSIX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.0% -48.0% 0.8% 68.15%
2017 2.9% -14.8% 11.2% 34.26%
2016 4.2% -11.2% 19.1% 32.36%
2015 -6.4% -51.1% -0.7% 62.18%
2014 -0.5% -29.8% 5.0% 38.89%

Total Return Ranking - Trailing

Period RPSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.9% -25.8% 15.2% 26.25%
1 Yr 5.2% -6.7% 12.7% 51.18%
3 Yr 0.6%* -13.3% 10.2% 72.11%
5 Yr -0.3%* -21.4% 6.6% 69.01%
10 Yr 0.7%* -3.6% 8.6% 58.96%

* Annualized

Total Return Ranking - Calendar

Period RPSIX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.0% -48.0% 4.8% 76.75%
2017 2.9% -14.8% 14.0% 55.02%
2016 4.2% -11.2% 22.5% 48.73%
2015 -6.4% -51.1% 3.8% 72.69%
2014 -0.5% -29.8% 11.7% 61.11%

NAV & Total Return History


Holdings

RPSIX - Holdings

Concentration Analysis

RPSIX Category Low Category High RPSIX % Rank
Net Assets 6.8 B 6.44 M 132 B 10.82%
Number of Holdings 17 5 7570 96.50%
Net Assets in Top 10 5.96 B -42.1 B 5.96 B 0.29%
Weighting of Top 10 87.65% 6.6% 410.5% 12.83%

Top 10 Holdings

  1. T. Rowe Price New Income 17.56%
  2. T. Rowe Price High Yield 15.07%
  3. T. Rowe Price Equity Income 12.03%
  4. T. Rowe Price GNMA 8.88%
  5. T. Rowe Price Emerging Markets Bond 8.09%
  6. T. Rowe Price Intl Bd (USD Hdgd) 6.95%
  7. T. Rowe Price Short-Term Bond 5.62%
  8. T. Rowe Price Emerg Mkts Lcl Ccy Bd 4.98%
  9. T. Rowe Price Corporate Income 4.38%
  10. T. Rowe Price Floating Rate 4.09%

Asset Allocation

Weighting Return Low Return High RPSIX % Rank
Bonds
82.87% 31.88% 157.00% 78.72%
Stocks
11.80% -25.45% 22.96% 2.92%
Cash
4.36% -76.54% 62.04% 59.48%
Convertible Bonds
0.49% 0.00% 11.31% 67.06%
Preferred Stocks
0.48% 0.00% 64.36% 38.78%
Other
0.00% -55.89% 27.77% 63.85%

Stock Sector Breakdown

Weighting Return Low Return High RPSIX % Rank
Financial Services
2.77% -0.19% 7.13% 2.33%
Healthcare
1.49% -0.17% 5.08% 5.32%
Industrials
1.39% -0.12% 4.62% 3.99%
Energy
1.19% 0.00% 5.81% 4.98%
Technology
1.03% -0.29% 4.99% 9.63%
Consumer Defense
0.93% -0.10% 4.40% 6.64%
Utilities
0.91% -0.04% 5.90% 9.63%
Consumer Cyclical
0.73% -0.14% 4.97% 12.96%
Communication Services
0.54% -0.04% 4.45% 4.98%
Basic Materials
0.38% 0.00% 3.33% 7.64%
Real Estate
0.30% -0.04% 3.00% 10.30%

Stock Geographic Breakdown

Weighting Return Low Return High RPSIX % Rank
US
10.93% -25.45% 22.23% 1.17%
Non US
0.87% 0.00% 4.62% 4.96%

Bond Sector Breakdown

Weighting Return Low Return High RPSIX % Rank
Corporate
33.65% 0.00% 97.25% 78.72%
Government
29.95% -47.30% 99.34% 18.95%
Securitized
20.18% 0.00% 111.40% 53.35%
Cash & Equivalents
4.36% -76.54% 62.04% 59.48%
Municipal
0.02% 0.00% 39.07% 43.15%
Derivative
-0.15% -4.82% 43.66% 75.51%

Bond Geographic Breakdown

Weighting Return Low Return High RPSIX % Rank
US
51.89% 14.19% 140.38% 84.26%
Non US
30.98% -13.53% 77.28% 16.03%

Expenses

RPSIX - Expenses

Operational Fees

RPSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.00% 0.00% 76.93% 100.00%
Management Fee 0.00% 0.00% 2.25% 1.42%
12b-1 Fee 0.00% 0.00% 1.00% 11.68%
Administrative Fee 0.15% 0.00% 0.50% 68.99%

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 0.00% 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 22.80% 2.00% 899.00% 14.03%

Distributions

RPSIX - Distributions

Dividend Yield Analysis

RPSIX Category Low Category High RPSIX % Rank
Dividend Yield 1.24% 0.00% 6.86% 64.02%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

RPSIX Category Low Category High RPSIX % Rank
Net Income Ratio 3.30% 0.87% 10.10% 73.87%

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 M. Shriver


Start Date

Tenure

Tenure Rank

May 01, 2011

8.59

8.6%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.56 5.34 0.92