T. Rowe Price Multi-Strategy Total Return Fund I Class (TMSSX)
| Fund Assets | 154.24M |
| Expense Ratio | 1.04% |
| Min. Investment | $2,500 |
| Turnover | 132.40% |
| Dividend (ttm) | 0.51 |
| Dividend Yield | 5.97% |
| Dividend Growth | 42.08% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | n/a |
| Previous Close | 8.45 |
| YTD Return | 0.47% |
| 1-Year Return | 2.61% |
| 5-Year Return | 6.76% |
| 52-Week Low | 8.05 |
| 52-Week High | 8.46 |
| Beta (5Y) | n/a |
| Holdings | 645 |
| Inception Date | Feb 23, 2018 |
About TMSSX
T. Rowe Price Multi-Strategy Total Return Fund – I Class is a mutual fund designed to deliver strong long-term risk-adjusted returns through a flexible, multi-strategy approach. The fund’s core objective is to generate attractive returns that are largely uncorrelated to the broader equity and fixed income markets, aiming to reduce overall portfolio volatility regardless of market direction. It accomplishes this by allocating capital across a wide spectrum of investment strategies—including macro and absolute return, dynamic global bonds, equity long/short, sector-specific equities, dynamic credit, and systematic risk premia—spanning major asset classes like stocks, bonds, commodities, and currencies. The fund draws on both fundamental and quantitative research, and the strategy allocation is dynamic, guided by risk analytics and T. Rowe Price’s outlook on global economic and market conditions. As an alternative multi-strategy fund, it may take both long and short positions and use derivatives and leverage to enhance flexibility and potential return sources. This approach is intended to provide diversification, manage risk, and offer investors an opportunity for positive returns in different market environments. The fund is particularly relevant for investors seeking broad diversification with an emphasis on controlling risk and volatility through exposure to multiple investment styles and asset classes.
Performance
TMSSX had a total return of 2.61% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.25%.
Top 10 Holdings
68.11% of assets| Name | Symbol | Weight |
|---|---|---|
| T. Rowe Price Gov. Reserve | TRPGRIA | 28.29% |
| Cash Offsets For Shorts & Derivatives | n/a | 20.02% |
| United States Treasury Notes 3.5% | T.3.5 09.30.27 | 7.79% |
| Tmih6 Mini Tpx Idx Fut Mar26 | n/a | 2.64% |
| Micro E-mini S&P 500 Index Future Mar 26 | n/a | 2.06% |
| United States Treasury Bills 0% | B.0 01.29.26 | 1.67% |
| Mexico (United Mexican States) 8.5% | MBONO.8.5 03.01.29 M | 1.57% |
| NVIDIA Corporation | NVDA | 1.51% |
| E-mini Energy Select Sector Future Mar 26 | n/a | 1.36% |
| United States Treasury Bills 0% | B.0 01.22.26 | 1.20% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 22, 2026 | $0.1604 | Jan 22, 2026 |
| Dec 11, 2025 | $0.2614 | Dec 12, 2025 |
| Oct 15, 2025 | $0.5087 | Oct 16, 2025 |
| Dec 12, 2024 | $0.6549 | Dec 13, 2024 |
| Dec 13, 2023 | $0.616 | Dec 14, 2023 |
| Dec 13, 2022 | $0.3184 | Dec 14, 2022 |