Uncover opportunities and manage risk with our rigorous research, active management, and diverse perspectives.
50+ Years managing fixed income assets
$260+ of fixed income AUM3
230+ fixed income investment professionals
2022 Best U.S. Large Fund Family
Our fixed income funds provided a smoother ride with higher returns.
Over the last 20 years, T. Rowe Price fixed income funds had 0.4% less volatility and a 0.1% better return than comparable passive peer funds—even after considering fees and expenses.
Ten-year periods, rolling monthly, over the last 20 years ended 6/30/23.
To learn more, check out our insights on our fixed income funds versus passive peers and information on our performance during market volatility.
Fixed income solutions for diverse client needs
We offer a global range of strategies and a variety of vehicles to help you pursue an array of outcomes for your clients. Download the brochure to learn more.
Fixed Income Product Capabilities
Investors may seek to limit the impact of equity downturns through their fixed income allocations, including core strategies, flexible multi-sector strategies with slightly higher risk.
U.S. Bond Correlations amid Major Equity Downturns (12/31/99 to 6/30/23)
Featured Fixed Income Strategies†
A benchmark-aware core bond fund with the freedom to invest across a broader set of sectors, designed to increase opportunities to generate returns in all environments
Explore vehicles:
Pursues total return that seeks to match or incrementally exceed the performance of the U.S. investment-grade bond market
Explore vehicles:
A conservative investment option that seeks to provide maximum current income while maintaining stability of principal
Income is essential to fixed income returns—and a top priority for many fixed income investors. This includes investors who also seek the potential benefits of tax-free income.
Income has been the primary driver for total returns for several fixed income categories.
Featured Fixed Income Strategies†
Seeks high current income and, secondarily, capital appreciation by investing primarily in floating-rate bank loans
Aims to deliver greater income and total return potential by investing primarily in high yield bonds
Invests primarily in long-term low- to upper-medium-grade municipal securities to seek a high level of income exempt from federal income taxes
Fixed income investors can diversify beyond core bond allocations by including international and global bonds in their opportunity set.
More than 60% of fixed income markets are outside the U.S.
Featured Fixed Income Strategies†
A broadly diversified portfolio of domestic and foreign debt instruments that seeks to provide high income and some capital appreciation
Seeks high current income and consistent performance by exploiting inefficiencies in the full universe of global fixed income and currency markets
Invests primarily in bonds issued by companies in emerging market countries to seek high current income and, secondarily, capital appreciation
Bank loans, short duration bonds, and Treasury inflation linked bonds have helped protect portfolios during rising rate environments, especially when core bonds significantly underperform.
Certain sectors delivered positive returns during an unprecedented period of sustained inflation and rising interest rates. (3/31/21–11/30/22)
Featured Fixed Income Strategies†
Invests in a diversified portfolio of short- and intermediate-term investment-grade inflation-linked securities, including Treasury Inflation Protected Securities, as well as corporate, government, mortgage-backed and asset-backed securities.
Seeks high current income and, secondarily, capital appreciation by investing primarily in floating-rate bank loans
A cash alternative strategy that seeks a high level of income above that of a money market with minimal fluctuations in principal value
Explore vehicles:
Investment Vehicles
Find the best fit for your clients with our wide range of investment vehicles, including mutual funds, exchange-traded funds (ETF), separately managed accounts (SMA), collective investment trusts (CIT), and model portfolios.
Greater Flexibility with Exchange Traded Funds
Combine our fixed income experience with the convenience, cost effectiveness, and tax efficiency of ETFs.
Investment Vehicles
Address your clients' unique needs with our wide range of investment vehicles, including mutual funds, exchange-traded funds (ETF), separately managed accounts (SMA), collective investment trusts (CIT), and model portfolios.
Greater Flexibility with Exchange Traded Funds
Combine our fixed income experience with the convenience, cost effectiveness, and tax efficiency of ETFs.
Round out your portfolios by exploring our capabilities and products across other asset classes and categories, including multi-asset, equity, and retirement.
“For more than 50 years, our fixed income team has pursued the best ideas from across our global research platform to help our clients succeed.”
Andrew McCormick
Head of Fixed Income and Chief Investment Officer
Discover opportunity with insights from our experts.
An inverted yield curve means investors may want to think twice before aggressively jumping into longer‑term U.S. bonds. Credit sectors and global ex‑U.S. markets offer return potential.
Despite last year’s sell‑off, municipal bonds have proved resilient in past periods of economic turmoil and should remain a compelling fixed income option for investors.
Future of Fixed Income in DC Plans, 2022 Survey insights from 150+ DC plan sponsors on how fixed income is offered to plan participants.
An inverted yield curve means investors may want to think twice before aggressively jumping into longer‑term U.S. bonds. Credit sectors and global ex‑U.S. markets offer return potential.
Despite last year’s sell‑off, municipal bonds have proved resilient in past periods of economic turmoil and should remain a compelling fixed income option for investors.
Future of Fixed Income in DC Plans, 2022 Survey insights from 150+ DC plan sponsors on how fixed income is offered to plan participants.
Check out our full collection of fixed income insights.
Refine holdings, build models, adjust portfolios, and inform investment decisions. Let's put our proven multi-asset expertise to work for your clients.
Be confident in your fixed income solutions—contact us.
Manage risk and navigate complex markets.
Uncover durable opportunities.
Solve diverse client and portfolio needs.
Important Information