T. Rowe Price Global Multi-Sector Bond Fund
PRSNX
NASDAQ- -
USD
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- -
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 100 East Pratt Street Baltimore MD United States of America 21202
- IPO Date
- Dec 16, 2008
- CIK
- 0001447346
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) is an open-end mutual fund that seeks high income and some capital appreciation by investing at least 80% of its net assets in a diversified portfolio of bonds from multiple sectors worldwide. The fund allocates primarily to non-U.S. bonds (approximately 67.5%), U.S. bonds (20.7%), and cash equivalents (11.2%), with key sector exposures including government bonds (45.1%), corporate bonds (29.3%), asset-backed securities (13.6%), and bank loans (5.0%); top holdings feature securities such as United Kingdom gilts, Malaysian government bonds, Brazilian treasury notes, and U.S. Treasury notes, alongside investments in T. Rowe Price's Institutional Floating Rate Fund. Managed by Kenneth Orchard since January 2018, it pursues a USD-hedged global bond strategy with medium credit quality and moderate interest-rate sensitivity, benchmarking against the Bloomberg Global Aggregate Bond USD Hedged Index, and maintains an effective duration of about 4.5 years and a net expense ratio of 0.67%. Launched on December 15, 2008, and domiciled in the United States, the fund is offered by T. Rowe Price Group, Inc., headquartered in Baltimore, Maryland, with total net assets of approximately $1.9 billion to $2.1 billion across share classes. It targets income-oriented investors, including individuals and institutions, through minimum initial investments of $2,500 for investor class shares, with daily pricing and no front-end or deferred loads. The fund operates globally, investing across developed and emerging markets in regions such as Europe, Asia, and Latin America, while emphasizing USD-hedged exposure to mitigate currency risk. In recent developments, T. Rowe Price Group, the fund's sponsor, entered a strategic collaboration with Goldman Sachs in September 2025, under which Goldman committed up to $1 billion to purchase T. Rowe Price stock and the firms launched co-branded model portfolios for affluent and retirement investors, with new private-market products slated for mid-2026. Additionally, in February 2025, T. Rowe Price formed a strategic relationship with U.S. insurer Aspida to manage public and private assets, supporting expansion in insurance-related investments amid its $1.6 trillion in overall assets under management. These alliances reflect T. Rowe Price's broader push into private markets, retirement solutions, and partnerships to enhance distribution and product offerings for funds like PRSNX.