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Global ex-US Fixed Income

Global Multi-Sector Bond Fund (PRSNX)

Formerly Strategic Income Fund
Inception
2008
Price As of 09/02/15
$10.84

Objective

The Strategy

The fund seeks to provide investors with high income along with the potential for some capital appreciation.

Investment Team

 
 
 
 

Steven C. Huber, CFA, FSA

Lead Portfolio Manager

  • 27 yrs investment experience
  • 8 yrs with T. Rowe Price
  • M.B.A., University of North Carolina at Chapel Hill
  • B.S., Virginia Polytechnic University

Michael J. Conelius, CFA

  • 27 yrs investment experience
  • 27 yrs with T. Rowe Price
  • M.S.F., Loyola University Maryland
  • B.S., Towson University

Andrew C. McCormick,

  • 32 yrs investment experience
  • 7 yrs with T. Rowe Price
  • B.S., Syracuse University

Paul M. Massaro

  • 15 yrs investment experience
  • 12 yrs with T. Rowe Price
  • M.B.A., Syracuse University

Terry A. Moore, CFA

Portfolio Specialist

  • 19 yrs investment experience
  • 5 yrs with T. Rowe Price
  • M.B.A., Duke University, The Fuqua School of Business
  • B.A., University of North Carolina at Chapel Hill
For a complete list of the members of the fund's Investment Advisory Committee, please refer to the fund's prospectus.

Portfolio

49.30%
Global ex-US BondsAs of 07/31/15
The above percentages represent the largest asset allocation and sector in the fund's portfolio.

Where is it available?

Institutional
Investor
Retail
Investor
Global Multi-Sector Bond Fund 1
PRSNX As of 05/31/14
NET 0.75%
GROSS 0.84%
Advisor Class 2
PRSAX As of 05/31/14
NET 0.95%
GROSS 1.27%

Who Is This For?

Investors seeking

to enhance the performance potential of their fixed-income portfolios and are willing to take on the special risks associated with high-yield bonds and foreign securities. The fund's yield and share price will vary with interest rate changes.

Diversification cannot assure a profit or protect against loss in a declining market. Investing overseas involves special risks, including political uncertainty, unfavorable currency exchange rates and, to a lesser degree, market illiquidity. As with all mutual funds, these funds are subject to market risk, including possible loss of principal.

Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when you sell your shares. Average annual total return figures include changes in principal value, reinvested dividends, and capital gain distributions.

(1) The fund's net expense ratio excludes expenses permanently waived of 0.12% related to investments in other T. Rowe Price mutual funds.

(2) The fund operates under a 0.95% contractual expense limitation that expires on September 30, 2015.

*The top ten holdings, attribution, and diversification data may be different for other share classes of this fund. Please contact us for more information

Numbers may not add to 100% due to rounding; all numbers are percentages.

Numbers may not add to 100% due to rounding; all numbers are percentages.

Numbers may not add to 100% due to rounding; all numbers are percentages.

Numbers may not add to 100% due to rounding; all numbers are percentages.

Need Help?

Contact the Advisor Services Group

(877) 561-7670

Send a message

Download Prospectus

Glossary

FAQs

Is this site for advisors? What do you mean by "Beta"?

This site is designed for advisors with their clients and is currently in Beta, which means that we're testing concepts and looking for your feedback. All of the information and data presented on the site are accurate. However, in order to add to it and improve on it over time, we need your help. Please rate your experience, and provide your honest feedback whenever possible.

Who is my wholesaler?

At T. Rowe Price, we don't have a typical wholesaler relationship. Instead, our investment consultants are here to assist you without the usual sales calls. They are available to answer your questions as you research our funds, communicate detailed color on our latest positioning, and offer guidance that can streamline your investment decisions.

How can I learn which funds are open, closed, or restricted?

By closing or restricting access to funds to new investors, we believe we preserve our ability to achieve the funds' objectives. To learn which funds are currently closed or restricted, please contact the Advisor Services Group directly at 1-877-561-7670.

What is the minimum investment for an institutional fund?

Institutional funds generally require a $1,000,000 minimum initial investment. There is no minimum for subsequent purchases. If you hold shares through a financial intermediary, the intermediary may impose different investment minimums.