About PTATX
T. Rowe Price Total Return Fund Advisor Class is a diversified mutual fund specializing in fixed income investments. Its primary objective is to maximize total return through a combination of income and, secondarily, capital appreciation. The fund invests broadly across sectors, including debt securities issued by the U.S. government and its agencies, corporate bonds, mortgage-backed and asset-backed securities, and bank loans. Up to 35% of its assets may be allocated to bonds rated below investment grade, reflecting a willingness to capture additional yield while managing credit risk.
This fund operates within the Intermediate Core-Plus Bond category, indicating a focus on intermediate-duration bonds with a flexible mandate to enhance yield and manage risk. It maintains a relatively high number of holdings—over 380 issuers—across diverse credit qualities and maturities, with an effective duration around six years and a weighted average maturity near 8.4 years. The portfolio turnover is considerable, suggesting active management to adapt to changing market conditions.
T. Rowe Price Total Return Fund Advisor Class plays a significant role for investors seeking balanced income and growth potential within fixed income, suitable both for taxable and retirement accounts. Its approach supports risk-adjusted returns for those looking for a strategic core bond holding in their portfolios.
Fund Family T. Rowe Price
Category Intermediate Core-Plus Bond
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol PTATX
Share Class --advisor Class
Index Bloomberg U.S. Aggregate Bond TR
PTATX had a total return of 8.14% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.85%.
