About PTKIX
T. Rowe Price Total Return Fund I Class is an open-ended mutual fund focused on delivering total return through a combination of income generation and, secondarily, capital appreciation. As an actively managed intermediate core-plus bond fund, it invests primarily in a diversified range of U.S. fixed income securities, including government and agency bonds, corporate debt, bank loans, as well as mortgage-backed and asset-backed securities. The fund also utilizes various derivatives, such as interest rate futures and swaps, to manage risk and adjust exposure. It has authority to allocate up to 35% of assets to below investment-grade bonds, enhancing diversification and yield potential. Benchmarked against the Bloomberg U.S. Aggregate Bond Index, the fund’s flexible approach enables it to adapt to varying market environments. Established in 2016, it is managed by T. Rowe Price Associates and is suitable for investors seeking a mix of income and capital growth from the bond market, with a willingness to accept moderate interest rate and credit risk exposure. The fund is notable within the intermediate core-plus bond category for its diversification and responsive portfolio management.
Fund Family T. Rowe Price
Category Intermediate Core-Plus Bond
Performance Rating Below Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol PTKIX
Share Class --i Class
Index Bloomberg U.S. Aggregate Bond TR
PTKIX had a total return of -2.48% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.85%.
