T. Rowe Price Total Return Fund (PTKIX)
The investment seeks to maximize total return through income and, secondarily, capital appreciation. The fund's investments typically include, but are not limited to, debt instruments issued by the U.S. government and its agencies, corporate bonds, bank loans, and various types of mortgage-backed and asset-backed securities. It may invest up to 35% of its net assets in corporate bonds and other debt instruments that are rated non-investment grade, commonly known as junk bonds or high yield bonds, by each of the rating agencies that have assigned a rating to the security or, if unrated, deemed by T. Rowe Price to be non-investment-grade.
Fund Info
| ISIN | US8728032009 |
|---|---|
| Issuer | T. Rowe Price |
| Inception Date | Nov 15, 2016 |
| Category | Intermediate Core-Plus Bond |
| Min. Investment | $500,000 |
| Asset Class | Bond |
Expense Ratio
PTKIX has a high expense ratio of 0.33%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: PTKIX vs. DBLTX, PTKIX vs. BNDW, PTKIX vs. FBND
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Total Return 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 Total Return Fund had a return of -1.06% year-to-date (YTD) and 2.22% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -1.06% | 11.18% |
| 1 month | 1.81% | 5.60% |
| 6 months | 4.06% | 17.48% |
| 1 year | 2.22% | 26.33% |
| 5 years (annualized) | 0.34% | 13.16% |
| 10 years (annualized) | N/A | 10.99% |
Monthly Returns
The table below presents the monthly returns of PTKIX, 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 | 0.03% | -1.25% | 0.91% | -2.42% | -1.06% | ||||||||
| 2023 | 3.44% | -1.81% | 1.96% | 0.50% | -1.18% | -0.48% | -0.04% | -0.62% | -2.23% | -1.93% | 4.48% | 3.84% | 5.79% |
| 2022 | -1.72% | -1.36% | -2.94% | -3.75% | -0.79% | -2.43% | 2.40% | -2.28% | -4.91% | -1.79% | 3.40% | -0.53% | -15.74% |
| 2021 | -0.09% | -1.03% | -1.01% | 1.01% | 0.31% | 0.97% | 1.15% | 0.10% | -0.63% | -0.06% | 0.21% | -0.30% | 0.59% |
| 2020 | 1.77% | 1.03% | -5.59% | 2.61% | 2.08% | 1.82% | 2.49% | -0.04% | -0.13% | -0.21% | 1.74% | 0.81% | 8.41% |
| 2019 | 1.20% | 0.27% | 1.95% | 0.33% | 1.57% | 1.09% | 0.39% | 2.35% | -0.32% | 0.39% | 0.10% | 0.39% | 10.10% |
| 2018 | -0.44% | -0.79% | 0.46% | -0.42% | 0.38% | 0.09% | -0.12% | 0.64% | -0.66% | -0.72% | 0.53% | 1.55% | 0.48% |
| 2017 | 0.40% | 0.20% | -0.10% | 0.60% | 0.94% | 0.06% | 0.50% | 0.73% | -0.25% | 0.16% | 0.07% | 0.46% | 3.82% |
| 2016 | -0.70% | 0.00% | -0.70% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PTKIX is 5, indicating that it is in the bottom 5% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
PTKIX (T. Rowe Price Total Return Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price Total Return Fund (PTKIX) 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 Total Return Fund granted a 5.18% dividend yield in the last twelve months. The annual payout for that period amounted to $0.43 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.43 | $0.42 | $0.33 | $0.34 | $0.36 | $0.53 | $0.36 | $0.22 |
Dividend yield | 5.18% | 4.97% | 3.85% | 3.28% | 3.39% | 5.21% | 3.71% | 2.16% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Total Return 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 | $0.03 | $0.03 | $0.04 | $0.04 | $0.00 | $0.14 | |||||||
| 2023 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.42 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.10 | $0.34 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.07 | $0.36 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.20 | $0.53 |
| 2018 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.36 |
| 2017 | $0.02 | $0.03 | $0.00 | $0.02 | $0.03 | $0.03 | $0.03 | $0.07 | $0.22 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Total Return 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 Total Return Fund was 20.16%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current T. Rowe Price Total Return Fund drawdown is 12.81%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.16% | Sep 15, 2021 | 280 | Oct 24, 2022 | — | — | — |
| -11.15% | Mar 10, 2020 | 12 | Mar 25, 2020 | 73 | Jul 9, 2020 | 85 |
| -2.54% | Jan 29, 2021 | 34 | Mar 18, 2021 | 64 | Jun 18, 2021 | 98 |
| -1.99% | Jan 9, 2018 | 90 | May 17, 2018 | 155 | Dec 28, 2018 | 245 |
| -1.81% | Sep 5, 2019 | 7 | Sep 13, 2019 | 15 | Oct 4, 2019 | 22 |
Volatility
Volatility Chart
The current T. Rowe Price Total Return Fund volatility is 1.48%, 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.