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
US74149N1063
74149N106
Dec 14, 2008
$2,500
Expense Ratio
PRSNX has an expense ratio of 0.65%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) returned 1.43% year-to-date (YTD) and 5.32% over the past 12 months. Over the past 10 years, PRSNX returned 3.08% annually, underperforming the S&P 500 benchmark at 10.69%.
PRSNX
1.43%
1.94%
0.98%
5.32%
2.68%
3.08%
^GSPC (Benchmark)
-0.64%
8.97%
-2.62%
11.90%
15.76%
10.69%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.62% | 1.31% | -0.60% | 0.50% | -0.40% | 1.43% | |||||||
| 2024 | -0.08% | 0.22% | 0.79% | -1.62% | 1.44% | 0.69% | 1.62% | 0.90% | 0.83% | -0.02% | 0.78% | -1.31% | 4.27% |
| 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% | -1.49% | -15.59% |
| 2021 | 0.26% | -0.53% | -0.60% | 0.87% | 0.42% | 0.11% | 0.74% | 0.23% | -0.70% | -0.27% | -0.77% | 0.67% | 0.41% |
| 2020 | 0.92% | -0.60% | -9.25% | 4.26% | 3.54% | 2.16% | 2.61% | 1.15% | -0.32% | 0.63% | 2.29% | 1.16% | 8.16% |
| 2019 | 2.00% | 0.42% | 1.18% | 0.54% | 1.06% | 1.56% | 0.67% | 1.97% | -0.69% | 0.29% | -0.12% | 1.09% | 10.39% |
| 2018 | 0.19% | -0.42% | 0.39% | -0.34% | -0.71% | -0.24% | 0.67% | -0.28% | 0.01% | -0.59% | 0.39% | 1.40% | 0.46% |
| 2017 | 0.84% | 1.18% | 0.21% | 0.78% | 0.89% | 0.19% | 0.52% | 1.06% | -0.04% | 0.05% | -0.04% | 0.66% | 6.47% |
| 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% | 0.36% | -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% | -1.52% | 4.35% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 88, PRSNX is among the top 12% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
T. Rowe Price Global Multi-Sector Bond Fund provided a 4.49% dividend yield over the last twelve months, with an annual payout of $0.45 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.45 | $0.51 | $0.46 | $0.32 | $0.35 | $0.38 | $0.41 | $0.40 | $0.39 | $0.38 | $0.39 | $0.46 |
Dividend yield | 4.49% | 5.09% | 4.60% | 3.40% | 3.00% | 3.17% | 3.55% | 3.62% | 3.42% | 3.45% | 3.60% | 4.08% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.04 | $0.04 | $0.00 | $0.00 | $0.12 | |||||||
| 2024 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.05 | $0.51 |
| 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 |
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.
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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 19.05%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current T. Rowe Price Global Multi-Sector Bond Fund drawdown is 1.07%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.05% | Sep 7, 2021 | 284 | Oct 20, 2022 | — | — | — |
| -14.35% | Mar 5, 2020 | 13 | Mar 23, 2020 | 79 | Jul 15, 2020 | 92 |
| -10.82% | Nov 30, 2012 | 192 | Sep 5, 2013 | 666 | Apr 28, 2016 | 858 |
| -5.16% | Aug 3, 2011 | 44 | Oct 4, 2011 | 90 | Feb 13, 2012 | 134 |
| -4.88% | Jan 14, 2009 | 37 | Mar 9, 2009 | 26 | Apr 15, 2009 | 63 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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