T. Rowe Price Multi-Strategy Total Return Fund (TMSRX)
The fund uses a highly flexible investment approach in an effort to provide attractive returns, relative to the returns on cash, that are uncorrelated to moves in the broader equity and fixed income markets through various market environments, as well as to maintain low overall volatility. It has broad discretion in seeking investments and utilizes a wide range of strategies to invest across a variety of asset classes including stocks, fixed-income securities, and derivatives.
Fund Info
| ISIN | US77958R1005 |
|---|---|
| CUSIP | 77958R100 |
| Issuer | T. Rowe Price |
| Inception Date | Feb 22, 2018 |
| Category | Multistrategy |
| Min. Investment | $2,500 |
| Asset Class | Alternatives |
Expense Ratio
TMSRX has a high expense ratio of 1.19%, indicating higher-than-average management fees.
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: TMSRX vs. RPIDX, TMSRX vs. PSFF, TMSRX vs. MASNX, TMSRX vs. PSMIX, TMSRX vs. QSPIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Multi-Strategy 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 Multi-Strategy Total Return Fund had a return of 4.83% year-to-date (YTD) and 6.33% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.83% | 25.48% |
| 1 month | 0.10% | 2.14% |
| 6 months | 0.62% | 12.76% |
| 1 year | 6.33% | 33.14% |
| 5 years (annualized) | 2.21% | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of TMSRX, 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 | 0.86% | 1.81% | 0.84% | 0.52% | 0.41% | -0.21% | -0.21% | -0.31% | 0.72% | -0.10% | 4.83% | ||
| 2023 | 0.96% | 0.32% | -0.42% | 0.74% | -0.10% | 0.31% | 0.52% | 0.52% | 0.10% | 0.31% | 1.13% | 0.60% | 5.10% |
| 2022 | -1.29% | -1.01% | -1.42% | -0.21% | -1.45% | 0.10% | -0.63% | 0.84% | -0.42% | -0.52% | 0.00% | 0.42% | -5.45% |
| 2021 | 0.19% | 1.98% | -1.29% | 0.09% | 0.65% | -0.28% | -0.19% | 1.12% | -0.74% | -0.47% | -1.87% | -3.53% | -4.35% |
| 2020 | 0.83% | 0.72% | -4.68% | 3.95% | 2.57% | 0.90% | 2.78% | 0.97% | 0.19% | 0.86% | 1.33% | -0.20% | 10.43% |
| 2019 | 2.05% | 0.74% | 0.42% | 0.63% | -0.42% | 1.15% | 0.93% | 0.41% | -0.61% | -0.10% | 0.72% | 1.03% | 7.14% |
| 2018 | -0.50% | 0.90% | -0.70% | -1.60% | 0.92% | 0.40% | 0.10% | -0.50% | -2.02% | -0.93% | -1.81% | -5.64% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TMSRX is 49, 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 Multi-Strategy Total Return Fund (TMSRX) 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 Multi-Strategy Total Return Fund provided a 5.68% dividend yield over the last twelve months, with an annual payout of $0.55 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.55 | $0.55 | $0.14 | $0.05 | $0.09 | $0.25 | $0.18 |
Dividend yield | 5.68% | 5.95% | 1.49% | 0.50% | 0.85% | 2.59% | 1.94% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Multi-Strategy 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $0.55 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.25 |
| 2018 | $0.18 | $0.18 |
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 Multi-Strategy 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 Multi-Strategy Total Return Fund was 12.76%, occurring on Dec 13, 2022. The portfolio has not yet recovered.
The current T. Rowe Price Multi-Strategy Total Return Fund drawdown is 2.85%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.76% | Feb 25, 2021 | 455 | Dec 13, 2022 | — | — | — |
| -8.82% | Mar 5, 2020 | 11 | Mar 19, 2020 | 34 | May 7, 2020 | 45 |
| -6.5% | Apr 5, 2018 | 185 | Dec 27, 2018 | 243 | Dec 13, 2019 | 428 |
| -1.86% | Dec 15, 2020 | 16 | Jan 7, 2021 | 24 | Feb 11, 2021 | 40 |
| -0.86% | Aug 7, 2020 | 3 | Aug 11, 2020 | 14 | Aug 31, 2020 | 17 |
Volatility
Volatility Chart
The current T. Rowe Price Multi-Strategy Total Return Fund volatility is 0.67%, 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.