years managing fixed income assets
fixed income investment professionals
USD of fixed income AUM¹
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Our portfolio managers are individually accountable for every decision and client outcome. We prioritize managing risk to ensure each portfolio is intentional in aligning risk to generate return.
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They delivered higher average returns than their benchmarks over time. And they showed better results in the vast majority of rolling monthly periods over a 20-year span.
More return. More often.
Ten-year periods, rolling monthly, over the last 20 years ended 12/31/23
Past performance is no guarantee of future results. View standardized returns and other information about the T. Rowe Price composites in this analysis.
For investors seeking higher return potential, particularly across global credit markets.
This High Yield strategy seeks to identify issues with above-average yields and the potential for appreciation.
This strategy seeks current income and capital appreciation primarily through investment in fixed income securities issued by emerging nations.
The primary focus of the strategy is on hard currency corporate debt issued by companies domiciled within emerging market countries.
For investors seeking more flexible, alpha-driven portfolios that exhibit a lower correlation across asset classes.
This strategy seeks total return through a combination of income and capital appreciation. Employs a flexible, cross-sector approach to high-conviction security selection.
This strategy seeks a regular and consistent return stream that could help anchor portfolio performance in times of equity volatility regardless of the directionality of interest rates.
For investors seeking diversification via portfolios that are benchmark aware and can be expected to improve overall portfolio efficiency.
Focuses primarily on investment-grade, U.S. fixed income securities, with the ability to integrate non-index sectors and securities for additional diversification and potential yield.
This strategy seeks to offer strong risk-adjusted returns relative to Core Plus peers while seeking to offer a yield premium to the benchmark.
This fund seeks to deliver a portfolio that closely tracks the return of the specified bond index, net of fees, within a clearly defined risk budget.
For investors seeking exposure to fixed income assets that offer liquidity, capital preservation, and incremental yield.
The investment goals are to seek to maximize income, deliver a consistent return profile while minimizing principal volatility.
This fund is a multi-sector bond portfolio alongside an actively managed liquidity sleeve.
Investment Risks:
Past performance is no guarantee of future results.
All investments are subject to risk, including the possible loss of principal. Fixed income securities are subject to credit risk, liquidity risk, call risk, and interest rate risk. As interest rates rise, bond prices generally fall. Results from other time periods may differ.
Fixed-income securities are subject to credit risk, liquidity risk, call risk, and interest-rate risk. As interest rates rise, bond prices generally fall. Investments in high-yield bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. International investments can be riskier than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as specific country, regional, and economic developments. These risks are magnified in emerging markets. Derivatives can be highly volatile, illiquid, and difficult to value, and changes in the value of a derivative may not properly correlate with changes in the value of the underlying asset, reference rate, or index. Diversification cannot assure a profit or protect against loss in a declining market.
All data as of 31 December 2023 unless otherwise stated.
¹The total fixed income assets managed by T. Rowe Price Associates, Inc., and its investment advisory affiliates. Total fixed income assets include all fixed income separate accounts and funds along with a portion of certain T. Rowe Price U.S.-registered multi-asset funds as of 31 December 2023.
Analysis by T. Rowe Price. Represents a comparison of all marketable institutional fixed income composites compared to the official composite primary benchmark assigned to each. Excludes money market, and index/passive composites. In order to avoid double-counting in the analysis, specialized composites viewed as substantially similar to strategies already included (e.g. constrained strategies, ex-single country excluded strategies, etc.) are also excluded. Composite net returns are calculated using the highest applicable separate account fee schedule for institutional clients. All figures in USD. The performance of each T. Rowe Price composite was compared against its official composite primary benchmark using 10-year rolling monthly periods from 1/1/2003 to 12/31/2022.
Analysis aggregates and averages the performance history of 26 fixed income composites covering 2,407 periods.
Effective January 1, 2024, Arif Husain will succeed Andrew McCormick as head of Global Fixed Income.
T. Rowe Price Associates, Inc. and T. Rowe Price Investment Management, Inc., are affiliated companies and investment advisers of T. Rowe Price strategies.
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