Morningstar

T. Rowe Price Spectrum Income Fund I Class TSPNX

Morningstar Medalist Rating
Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 11.24  /  −0.09 %
  • Total Assets 6.1B
  • Adj. Expense Ratio
    0.460%
  • Expense Ratio 0.380%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 500,000
  • Status Open
  • TTM Yield 5.78%
  • Effective Duration 4.34 years

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 12:11 AM GMT+0

Morningstar’s Analysis TSPNX

Will TSPNX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TSPNX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the TSPNX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of TSPNX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strong allocation portfolios, bond portfolio in flux.

Analyst Nour Al Twal

Nour Al Twal

Analyst

Summary

T. Rowe Price’s strong multi-asset capabilities benefit Spectrum Conservative, Moderate, and Moderate Growth portfolios through solid implementation and robust oversight. While these resources are better than the typical peer for the Spectrum Income portfolio, that portfolio has been in flux, and the approach remains undifferentiated.

by Nour Al Twal
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings TSPNX

More TSPNX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 78.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

T. Rowe Price High Yield Z

13.28 822M
—

T. Rowe Price U.S. High Yield ETF

11.56 716M
—

T. Rowe Price Floating Rate Z

9.85 610M
—

T. Rowe Price QM US Bond ETF

8.61 533M
—

T. Rowe Price Emerging Markets Bond Z

8.22 509M
—

T. Rowe Price Total Return ETF

6.79 421M
—

T. Rowe Price Intl Bd (USD Hdgd) Z

5.52 342M
—

T. Rowe Price Dynamic Global Bond Z

5.06 313M
—

T. Rowe Price Dynamic Credit Z

5.00 310M
—

T. Rowe Price Emerg Mkts Lcl Ccy Bd Z

4.60 285M
—

Sponsor Center