T. Rowe Price Spectrum Income Fund
RPSIX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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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.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 100 East Pratt Street Baltimore MD United States of America 21202
- IPO Date
- Jun 29, 1990
- CIK
- 0000808303
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Spectrum Income Fund (RPSIX) is an open-end mutual fund that seeks a high level of current income with moderate share price fluctuation by investing predominantly in a diversified mix of other T. Rowe Price underlying funds, including U.S. and international bond funds, emerging markets bond funds, high-yield bond funds, money market funds, and income-oriented stock funds. The fund's portfolio typically allocates approximately 62% to U.S. bonds, 27% to non-U.S. bonds, 8% to cash, and smaller portions to U.S. and non-U.S. stocks and other assets, with top holdings such as T. Rowe Price High Yield Fund Z Class (around 14%), T. Rowe Price U.S. High Yield ETF (around 12%), T. Rowe Price QM U.S. Bond ETF (around 11%), T. Rowe Price Floating Rate Fund Z Class (around 10%), and T. Rowe Price Emerging Markets Bond Fund Z Class (around 7%). Launched on June 29, 1990, and domiciled in the United States, the fund is available primarily to U.S. investors through platforms like Schwab, Fidelity, and TD Ameritrade, with a net expense ratio of 0.61%, a minimum initial investment of $2,500, and total net assets exceeding $6 billion. The fund is managed by a team led by Charles Shriver since 2011, Toby Thompson since 2020, and Christina Noonan, who joined as a portfolio manager on January 1, 2025. It operates within the multisector bond category, targeting investors seeking diversified income exposure across domestic high-quality and high-yield bonds, floating-rate securities, mortgage-backed securities, international and emerging market bonds, inflation-protected bonds, and limited equity income, with a focus on moderate interest-rate sensitivity and mid-credit quality. Geographically, the fund's underlying holdings provide exposure to the United States, emerging Asia, emerging Europe, Canada, Latin America, and other regions through its bond and stock allocations. In recent developments, portfolio manager Christina Noonan joined the management team effective January 1, 2025, enhancing the fund's oversight amid ongoing portfolio adjustments reflected in updated holdings as of February 28, 2025, including positions in T. Rowe Price New Income Z, GNMA Z, and Total Return ETF. Holdings data as of June 30, 2025, confirms continued emphasis on high-yield, floating-rate, and emerging markets segments under the existing management structure. Concurrently, T. Rowe Price, the fund's sponsor, entered a strategic alliance with Goldman Sachs Asset Management in December 2025 to launch four co-branded dynamic ETF and hybrid model portfolios targeted at mass affluent and high-net-worth investors, with a fifth incorporating direct indexing planned for the first half of 2026, signaling broader distribution and product innovation efforts.