T. Rowe Price Multi-Strategy Total Return Fund

Frequently Asked Questions About TMSRX

What does TMSRX invest in?

The portfolio manager employs a highly adaptable and diversified investment strategy, utilizing a range of actively managed approaches. The objective is to achieve attractive returns that outperform cash, while simultaneously aiming for low correlation to the broader equity and fixed income markets and maintaining minimal overall volatility. The manager possesses substantial discretion to invest across a wide spectrum of asset classes, including stocks and bonds, and frequently uses derivatives for effective risk management and hedging against undesirable market exposures.

What is the expense ratio of TMSRX?

T. Rowe Price Multi-Strategy Total Return Fund (TMSRX) charges an expense ratio of 1.19%. This is the annual fee deducted from fund assets to cover management and operations.

How big is TMSRX?

T. Rowe Price Multi-Strategy Total Return Fund (TMSRX) manages $292.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is TMSRX actively managed or an index fund?

TMSRX is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (TMSRX's is 1.19%) in exchange for the discretion to over- or under-weight positions.

When was TMSRX launched?

T. Rowe Price Multi-Strategy Total Return Fund (TMSRX) launched in February 2018 and is managed by T. Rowe Price.

How has TMSRX performed?

TMSRX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.