T. Rowe Price Global Multi-Sector Bond Fund (PRSNX)
The investment seeks high income and some capital appreciation. 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.
Fund Info
| ISIN | US74149N1063 |
|---|---|
| CUSIP | 74149N106 |
| Issuer | T. Rowe Price |
| Inception Date | Dec 14, 2008 |
| Category | Global Bonds |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
PRSNX features an expense ratio of 0.65%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: PRSNX vs. NOCBX, PRSNX vs. TRBFX, PRSNX vs. TRVLX, PRSNX vs. PIEQX, PRSNX vs. PSILX, PRSNX vs. VFINX, PRSNX vs. FADMX, PRSNX vs. DODLX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Global Multi-Sector Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
T. Rowe Price Global Multi-Sector Bond Fund had a return of 4.63% year-to-date (YTD) and 11.07% in the last 12 months. Over the past 10 years, T. Rowe Price Global Multi-Sector Bond Fund had an annualized return of 2.27%, while the S&P 500 had an annualized return of 11.43%, indicating that T. Rowe Price Global Multi-Sector Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.63% | 25.82% |
| 1 month | -0.12% | 3.20% |
| 6 months | 4.09% | 14.94% |
| 1 year | 11.07% | 35.92% |
| 5 years (annualized) | 1.06% | 14.22% |
| 10 years (annualized) | 2.27% | 11.43% |
Monthly Returns
The table below presents the monthly returns of PRSNX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.08% | 0.22% | 0.79% | -1.62% | 1.44% | 0.69% | 1.62% | 0.90% | 0.83% | -0.02% | 4.63% | ||
| 2023 | 2.08% | -0.69% | 1.71% | 0.34% | -0.06% | 1.67% | 0.72% | -0.33% | -1.08% | -0.66% | 4.83% | 3.21% | 12.21% |
| 2022 | -1.51% | -1.29% | -1.63% | -3.09% | -1.14% | -2.33% | 2.61% | -3.39% | -4.80% | -1.65% | 3.17% | -2.21% | -16.21% |
| 2021 | 0.26% | -0.53% | -0.60% | 0.88% | 0.42% | 0.11% | 0.74% | 0.23% | -0.70% | -0.27% | -0.77% | -0.28% | -0.54% |
| 2020 | 0.92% | -0.60% | -9.25% | 4.26% | 3.54% | 2.16% | 2.61% | 1.15% | -0.32% | 0.63% | 2.29% | 0.66% | 7.62% |
| 2019 | 2.00% | 0.41% | 1.18% | 0.54% | 1.06% | 1.56% | 0.67% | 1.97% | -0.69% | 0.29% | -0.12% | -0.30% | 8.87% |
| 2018 | 0.19% | -0.42% | 0.39% | -0.34% | -0.71% | -0.24% | 0.67% | -0.28% | 0.01% | -0.59% | 0.40% | 0.12% | -0.82% |
| 2017 | 0.84% | 1.18% | 0.21% | 0.78% | 0.89% | 0.19% | 0.52% | 1.06% | -0.04% | 0.06% | -0.05% | 0.48% | 6.28% |
| 2016 | 0.63% | 0.39% | 2.24% | 0.93% | 0.53% | 1.63% | 1.26% | 0.36% | 0.19% | -0.17% | -2.34% | 1.08% | 6.87% |
| 2015 | 1.19% | 0.37% | -0.52% | 0.73% | 0.29% | -1.24% | 0.41% | -1.61% | -0.70% | 1.72% | -0.09% | -0.53% | -0.03% |
| 2014 | 0.35% | 1.65% | 0.86% | 0.68% | 1.71% | 0.41% | -0.08% | 0.85% | -1.22% | 0.85% | -0.21% | -3.48% | 2.28% |
| 2013 | 0.22% | 0.45% | 0.38% | 1.63% | -1.71% | -2.53% | 0.72% | -1.42% | 1.54% | 1.71% | -0.48% | -1.49% | -1.10% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PRSNX is 73, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
T. Rowe Price Global Multi-Sector Bond Fund provided a 5.02% dividend yield over the last twelve months, with an annual payout of $0.51 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.51 | $0.46 | $0.32 | $0.35 | $0.38 | $0.41 | $0.40 | $0.39 | $0.38 | $0.39 | $0.46 | $0.41 |
Dividend yield | 5.02% | 4.60% | 3.40% | 3.00% | 3.17% | 3.55% | 3.62% | 3.42% | 3.45% | 3.60% | 4.08% | 3.64% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Global Multi-Sector Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.00 | $0.42 | |
| 2023 | $0.03 | $0.02 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.46 |
| 2022 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.32 |
| 2021 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.35 |
| 2020 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.41 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.39 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.38 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.39 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.46 |
| 2013 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.41 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Global Multi-Sector Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price Global Multi-Sector Bond Fund was 19.82%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current T. Rowe Price Global Multi-Sector Bond Fund drawdown is 3.76%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.82% | Sep 7, 2021 | 284 | Oct 20, 2022 | — | — | — |
| -14.35% | Mar 5, 2020 | 13 | Mar 23, 2020 | 79 | Jul 15, 2020 | 92 |
| -5.78% | May 10, 2013 | 82 | Sep 5, 2013 | 168 | May 7, 2014 | 250 |
| -5.64% | Sep 2, 2014 | 75 | Dec 16, 2014 | 347 | May 4, 2016 | 422 |
| -5.17% | Aug 3, 2011 | 44 | Oct 4, 2011 | 90 | Feb 13, 2012 | 134 |
Volatility
Volatility Chart
The current T. Rowe Price Global Multi-Sector Bond Fund volatility is 0.89%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.