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Trending ETFs

T. Rowe Price Spectrum Income Fund

mutual fund
TSPNX
Payout Change
Pending
Price as of:
$11.2 -0.04 -0.36%
primary theme
Bond Sector Diversified
share class
Other (RPSIX) I (TSPNX)
TSPNX (Mutual Fund)

T. Rowe Price Spectrum Income Fund

Payout Change
Pending
Price as of:
$11.2 -0.04 -0.36%
primary theme
Bond Sector Diversified
share class
Other (RPSIX) I (TSPNX)
TSPNX (Mutual Fund)

T. Rowe Price Spectrum Income Fund

Payout Change
Pending
Price as of:
$11.2 -0.04 -0.36%
primary theme
Bond Sector Diversified
share class
Other (RPSIX) I (TSPNX)

Name

As of 12/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

T. Rowe Price Spectrum Income Fund

TSPNX | Fund

$11.20

$5.94 B

6.49%

$0.73

0.47%

Vitals

YTD Return

3.6%

1 yr return

4.5%

3 Yr Avg Return

0.4%

5 Yr Avg Return

N/A

Net Assets

$5.94 B

Holdings in Top 10

77.2%

52 WEEK LOW AND HIGH

$11.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.47%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 15.10%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$500,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

T. Rowe Price Spectrum Income Fund

TSPNX | Fund

$11.20

$5.94 B

6.49%

$0.73

0.47%

TSPNX - Profile

Distributions

  • YTD Total Return 3.6%
  • 3 Yr Annualized Total Return 0.4%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.79%
DIVIDENDS
  • Dividend Yield 6.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    T. Rowe Price Spectrum Income Fund
  • Fund Family Name
    TROWEPRICE
  • Inception Date
    May 03, 2021
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Charles Shriver

Fund Description

The fund is a fund of funds that seeks to achieve its objective by investing in a mix of other T. Rowe Price funds (underlying funds) that generally seek to generate income from their investments. The fund broadly diversifies its assets among underlying funds representing specific market segments by normally investing in a variety of U.S. and international bond funds, including emerging market bond funds, money market funds, and income-oriented stock funds. The goal is to maintain broad exposure to several markets in an attempt to reduce the impact of markets that are declining and to benefit from strong performance in particular market segments over time.

The various underlying funds focus on high-quality U.S. and international bonds; high-yield bonds (“junk” bonds); short- and long-term securities; mortgage- and asset-backed securities; inflation-linked securities; dividend-paying stocks; and other instruments such as bank loans. In addition, the fund may invest in individual securities on a limited basis.

The adviser decides how much of the fund’s assets to allocate to particular underlying funds and asset classes based on the outlook for, and on the relative valuations of, the underlying funds and the various markets and asset classes in which they invest. The adviser weighs such factors as the outlook for inflation and the economy; expected interest rate movements; currency valuations; and the yield advantage that lower-rated bonds may offer over investment-grade bonds.

The adviser periodically reviews the mix of underlying funds and the percentages allocated to them. The fund may sell shares of the underlying funds for a variety of reasons, including to realize gains, limit losses, or redeploy assets into more promising opportunities.

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TSPNX - Performance

Return Ranking - Trailing

Period TSPNX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.6% -14.3% 18.7% 78.48%
1 Yr 4.5% -13.8% 19.7% 71.67%
3 Yr 0.4%* -17.0% 13.3% 69.05%
5 Yr N/A* -15.1% 13.1% 28.45%
10 Yr N/A* -7.0% 6.9% 26.92%

* Annualized

Return Ranking - Calendar

Period TSPNX Return Category Return Low Category Return High Rank in Category (%)
2023 3.4% -12.0% 8.9% 37.71%
2022 -14.8% -31.8% 18.4% 68.46%
2021 N/A -16.2% 25.7% N/A
2020 N/A -31.1% 18.7% N/A
2019 N/A -6.1% 15.3% N/A

Total Return Ranking - Trailing

Period TSPNX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.6% -14.3% 18.7% 78.48%
1 Yr 4.5% -13.8% 19.7% 71.67%
3 Yr 0.4%* -17.0% 13.3% 69.05%
5 Yr N/A* -15.1% 13.1% 26.36%
10 Yr N/A* -7.0% 6.9% 26.10%

* Annualized

Total Return Ranking - Calendar

Period TSPNX Return Category Return Low Category Return High Rank in Category (%)
2023 8.2% -6.9% 22.2% 46.52%
2022 -10.5% -31.8% 21.1% 62.44%
2021 N/A -13.5% 49.9% N/A
2020 N/A -28.6% 24.1% N/A
2019 N/A -4.8% 19.1% N/A

NAV & Total Return History

TSPNX - Holdings

Concentration Analysis

TSPNX Category Low Category High TSPNX % Rank
Net Assets 5.94 B 2.63 M 143 B 12.42%
Number of Holdings 22 4 9638 92.51%
Net Assets in Top 10 4.62 B -204 M 89.4 B 4.52%
Weighting of Top 10 77.18% 5.8% 265.8% 13.99%

Top 10 Holdings

  1. T ROWE PRICE HIGH YIELD FUND INC 14.52%
  2. T ROWE PRICE NEW INCOME FUND INC 11.89%
  3. T ROWE PRICE GNMA FUND 10.47%
  4. T ROWE PRICE EMERGING MARKETS BOND FUND 7.52%
  5. T ROWE PRICE EQUITY INCOME FUND 6.31%
  6. T ROWE PRICE INTERNATIONAL BOND FUND - USD HEDGED 5.96%
  7. T ROWE PRICE FLOATING RATE FUND 5.38%
  8. T ROWE PRICE SHORT-TERM BOND FUND INC 5.22%
  9. T ROWE PR DYN CRDT-Z 4.99%
  10. T ROWE PRICE DYNAMIC GLOBAL BOND FUND 4.90%

Asset Allocation

Weighting Return Low Return High TSPNX % Rank
Stocks 		95.18% -6.18% 99.68% 5.46%
Cash 		4.96% -94.66% 99.97% 38.38%
Convertible Bonds 		0.85% 0.00% 33.50% 58.81%
Preferred Stocks 		0.00% 0.00% 21.58% 96.10%
Bonds 		0.00% 0.00% 199.60% 99.38%
Other 		-0.14% -75.22% 147.15% 90.33%

Stock Sector Breakdown

Weighting Return Low Return High TSPNX % Rank
Financial Services 		22.44% 0.00% 100.00% 26.96%
Healthcare 		16.63% 0.00% 18.60% 3.77%
Industrials 		10.63% 0.00% 100.00% 21.16%
Utilities 		10.30% 0.00% 100.00% 16.23%
Technology 		9.28% 0.00% 28.30% 21.16%
Consumer Defense 		6.88% 0.00% 99.97% 15.94%
Energy 		5.42% 0.00% 100.00% 55.07%
Consumer Cyclical 		5.14% 0.00% 89.95% 23.48%
Communication Services 		4.90% 0.00% 100.00% 30.43%
Real Estate 		4.59% 0.00% 100.00% 24.35%
Basic Materials 		3.78% 0.00% 100.00% 22.32%

Stock Geographic Breakdown

Weighting Return Low Return High TSPNX % Rank
US 		95.18% -6.18% 99.68% 5.46%
Non US 		0.00% -0.30% 17.73% 91.89%

TSPNX - Expenses

Operational Fees

TSPNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.47% 0.03% 34.13% 96.58%
Management Fee 0.47% 0.00% 2.29% 20.90%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.70% N/A

Sales Fees

TSPNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 1.50% N/A

Trading Fees

TSPNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TSPNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 15.10% 0.00% 632.00% 4.72%

TSPNX - Distributions

Dividend Yield Analysis

TSPNX Category Low Category High TSPNX % Rank
Dividend Yield 6.49% 0.00% 23.30% 58.42%

Dividend Distribution Analysis

TSPNX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

TSPNX Category Low Category High TSPNX % Rank
Net Income Ratio 2.79% -1.55% 11.51% 56.42%

Capital Gain Distribution Analysis

TSPNX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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TSPNX - Fund Manager Analysis

Managers

Charles Shriver

Start Date

Tenure

Tenure Rank

May 01, 2011

11.09

11.1%

Charles M. Shriver is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price Associates, Inc. He is a portfolio manager for several asset allocation portfolios within the Asset Allocation Group. He is the president of the Global Allocation, Balanced, Spectrum, and Personal Strategy Funds and chairman of their Investment Advisory Committees. Charles is also a member of the Investment Advisory Committee for the Real Assets Fund. He is cochair of the Asset Allocation Committee and has been with the firm since 1991. Charles earned a BA in economics and rhetoric/communications studies from the University of Virginia, an MSF in finance from Loyola University Maryland, and a graduate diploma in public economics from Stockholm University. He has earned the Chartered Financial Analyst designation.

Toby Thompson

Start Date

Tenure

Tenure Rank

Mar 01, 2020

2.25

2.3%

Toby Thompson is a portfolio manager within the Multi-Asset Division. Mr. Thompson is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price Associates, Inc. Mr. Thompson earned a B.S. in business and economics from Towson University and an MBA in finance from Loyola University Maryland. He has earned the Chartered Financial Analyst and Chartered Alternative Investment Analyst designations.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.19 5.71 3.19

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