T. Rowe Price Spectrum Income Fund (RPSIX)
The investment seeks a high level of current income with moderate share price fluctuation. 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 U.S. and international bonds, high-yield bonds, short- and long-term securities, dividend-paying stocks and other instruments.
Fund Info
| ISIN | US7799061061 |
|---|---|
| CUSIP | 779906106 |
| Issuer | T. Rowe Price |
| Inception Date | Jun 28, 1990 |
| Category | Multisector Bonds |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
RPSIX features an expense ratio of 0.62%, 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: RPSIX vs. VOO, RPSIX vs. PBDIX, RPSIX vs. VCOBX, RPSIX vs. TRBUX, RPSIX vs. VWINX, RPSIX vs. VTMFX, RPSIX vs. DODIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Spectrum Income 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 Spectrum Income Fund had a return of 5.31% year-to-date (YTD) and 11.28% in the last 12 months. Over the past 10 years, T. Rowe Price Spectrum Income Fund had an annualized return of 3.11%, while the S&P 500 had an annualized return of 10.85%, indicating that T. Rowe Price Spectrum Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.31% | 17.79% |
| 1 month | 1.27% | 0.18% |
| 6 months | 5.25% | 7.53% |
| 1 year | 11.28% | 26.42% |
| 5 years (annualized) | 2.47% | 13.48% |
| 10 years (annualized) | 3.11% | 10.85% |
Monthly Returns
The table below presents the monthly returns of RPSIX, 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 | -0.46% | -0.02% | 1.23% | -1.59% | 1.51% | 0.43% | 1.99% | 1.46% | 5.31% | ||||
| 2023 | 3.40% | -2.01% | 1.26% | 0.77% | -1.62% | 1.38% | 1.05% | -1.08% | -2.04% | -1.24% | 4.32% | 3.74% | 7.92% |
| 2022 | -1.31% | -1.17% | -1.18% | -3.61% | 0.06% | -4.01% | 2.92% | -1.81% | -4.95% | 0.93% | 4.14% | -0.74% | -10.58% |
| 2021 | -0.29% | 0.10% | 0.24% | 1.38% | 0.79% | -0.05% | 0.42% | 0.41% | -0.96% | 0.34% | -0.97% | 1.18% | 2.59% |
| 2020 | 0.42% | -1.42% | -8.37% | 4.00% | 2.59% | 1.22% | 2.68% | 0.69% | -1.13% | -0.01% | 4.16% | 1.72% | 6.07% |
| 2019 | 2.81% | 0.68% | 1.09% | 0.68% | 0.14% | 2.26% | 0.50% | 0.67% | 0.22% | 0.42% | 0.33% | 1.22% | 11.56% |
| 2018 | 0.72% | -1.40% | 0.22% | -0.70% | -0.44% | -0.16% | 0.76% | -0.09% | -0.02% | -1.75% | 0.47% | -0.22% | -2.61% |
| 2017 | 0.82% | 1.22% | 0.08% | 0.88% | 0.73% | 0.25% | 0.95% | 0.57% | 0.24% | 0.10% | 0.41% | 0.57% | 7.03% |
| 2016 | -0.44% | 0.86% | 3.26% | 1.58% | -0.14% | 1.71% | 1.54% | 0.51% | 0.43% | -0.85% | -1.33% | 0.88% | 8.22% |
| 2015 | 0.40% | 0.79% | -0.34% | 0.97% | -0.44% | -1.25% | 0.13% | -1.59% | -1.04% | 2.01% | -0.65% | -0.94% | -2.01% |
| 2014 | 0.28% | 1.61% | 0.44% | 0.89% | 1.18% | 0.78% | -0.73% | 1.02% | -1.60% | 0.73% | 0.15% | -0.84% | 3.92% |
| 2013 | 0.50% | 0.41% | 0.71% | 1.57% | -1.33% | -2.36% | 1.45% | -1.28% | 1.60% | 1.83% | -0.27% | 0.25% | 3.04% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of RPSIX 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 Spectrum Income Fund (RPSIX) 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 Spectrum Income Fund granted a 4.51% dividend yield in the last twelve months. The annual payout for that period amounted to $0.52 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.52 | $0.48 | $0.54 | $0.50 | $0.47 | $0.48 | $0.56 | $0.50 | $0.47 | $0.56 | $0.56 | $0.63 |
Dividend yield | 4.51% | 4.25% | 4.93% | 3.92% | 3.64% | 3.79% | 4.73% | 3.91% | 3.77% | 4.72% | 4.39% | 4.91% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Spectrum Income 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 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.00 | $0.34 | |||
| 2023 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.48 |
| 2022 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.05 | $0.20 | $0.54 |
| 2021 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.21 | $0.50 |
| 2020 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.13 | $0.47 |
| 2019 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.09 | $0.48 |
| 2018 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.17 | $0.56 |
| 2017 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.12 | $0.50 |
| 2016 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.09 | $0.47 |
| 2015 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.18 | $0.56 |
| 2014 | $0.04 | $0.04 | $0.05 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.16 | $0.56 |
| 2013 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.22 | $0.63 |
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 Spectrum Income 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 Spectrum Income Fund was 16.70%, occurring on Nov 20, 2008. Recovery took 173 trading sessions.
The current T. Rowe Price Spectrum Income Fund drawdown is 0.17%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.7% | May 21, 2008 | 128 | Nov 20, 2008 | 173 | Jul 31, 2009 | 301 |
| -15.96% | Sep 3, 2021 | 285 | Oct 20, 2022 | 462 | Aug 23, 2024 | 747 |
| -15.79% | Feb 18, 2020 | 25 | Mar 23, 2020 | 94 | Aug 5, 2020 | 119 |
| -5.71% | May 1, 2015 | 182 | Jan 20, 2016 | 56 | Apr 11, 2016 | 238 |
| -5.69% | Feb 1, 1994 | 57 | Apr 20, 1994 | 232 | Mar 10, 1995 | 289 |
Volatility
Volatility Chart
The current T. Rowe Price Spectrum Income Fund volatility is 0.77%, 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.