T. Rowe Price Emerging Markets Local Multi-Sector Account Portfolio

Data updated: 2023-08-28

C000111136 — T. Rowe Price Emerging Markets Local Multi-Sector Account Portfolio. Total / Aggregate Bond. Holdings, fees, performance and SEC filings.

C000111136 Fund Overview

T. Rowe Price Emerging Markets Local Multi-Sector Account Portfolio is a US mutual fund managed by T. Rowe Price Multi-Sector Account Portfolios, Inc., categorised as Total / Aggregate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

Type: US mutual fund
Manager: T. Rowe Price Multi-Sector Account Portfolios, Inc.
Category: Total / Aggregate Bond
Assets under management: $138.57K
1-year return: 4.2%
SEC CIK: 0001533490
SEC series ID: S000036337
Share class ID: C000111136

C000111136 Investment Objective and Strategy

T. Rowe Price Emerging Markets Local Multi-Sector Account Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by T. Rowe Price Multi-Sector Account Portfolios, Inc..

Investment objective

The fund seeks high current income and,

Principal investment strategy

The fund will normally invest at least 80% of its net assets (including any borrowings for investment purposes) in securities that are denominated in emerging markets currencies, and in derivative instruments that provide investment exposure to emerging market securities or currencies. Emerging market securities include fixed rate and floating rate bonds that are issued by governments, government agencies, and supranational organizations of, and corporate issuers located in or conducting the predominant part of their business activities in, the emerging market countries of Latin America, Asia, Europe, Africa, and the Middle East. The fund considers frontier markets to be a subset of emerging markets and any investments in frontier markets will be counted toward the funds 80% investment policy.

The fund relies on JP Morgan or the International Monetary Fund to determine which countries are emerging markets. Investment decisions are based on fundamental research and the analysis of various market factors, such as yield and credit quality differences among bonds as well as supply and demand trends and currency values. The fund generally invests in securities where the combination of fixed-income returns and currency exchange rates appears attractive or, if the currency trend is unfavorable, where the adviser believes the currency risk can be minimized through hedging. The fund may purchase bonds of any credit quality and there are no overall limits on the funds investments in bonds that are rated below investment-grade (also known as junk bonds) or are not rated by any credit rating agency.

There are also no maturity restrictions on the overall portfolio or on individual securities purchased by the fund. Through the use of currency derivative instruments such as forward currency exchange contracts, currency swaps, currency options, and currency futures, the fund has wide flexibility to purchase and sell currencies independently of whether the fund owns securities in those currencies and to engage in currency hedging transactions. The funds currency positions will vary with its outlook on the strength or weakness of one foreign currency compared to another foreign currency and the relative value of various foreign currencies to one another. Currency hedging is permitted, but not required, and the fund will normally be heavily exposed to foreign currencies. The fund may take a short position in a currency, which allows the fund to sell a currency in excess of the value of its holdings denominated in that currency or sell a currency even if it does not hold any assets denominated in the currency.

In addition, the fund may use interest rate swaps and futures in order to take long or short positions with respect to its exposure to a particular country or bond market, subject to the investment restrictions applicable to futures and swaps. The fund is nondiversified, meaning it may invest a greater portion of its assets in fewer issuers than is permissible for a diversified fund. The fund may sell holdings for a variety of reasons, such as to alter geographic or currency exposure, to adjust the portfolios average maturity, duration, or credit quality or to shift assets into and out of higher-yielding or lower-yielding securities.

C000111136 Performance

Total returns for C000111136 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	4.2%
3 years (annualised)	-0.6%

C000111136 Risk Information

Risk metrics for C000111136, derived from monthly returns in SEC filings.

1-year volatility (annualised): 1.0%

C000111136 Costs and Fees

C000111136 costs about $3 per $10,000 invested per year in fund expenses.

Net expense ratio: 0.03%
Gross expense ratio: 0.03%
Portfolio turnover: 18%
Brokerage commissions: 0.04 bps of average net assets (SEC N-CEN)

C000111136 Cashflows

Over the 12 months to 2023-06, T. Rowe Price Emerging Markets Local Multi-Sector Account Portfolio had net inflows of $0, from monthly SEC N-PORT filings.

Month	Net flow
2023-06	$0
2023-05	$0
2023-04	$0
2023-03	$0
2023-02	$0
2023-01	$0

C000111136 Debt Constituents

No individual debt constituents are reported in T. Rowe Price Emerging Markets Local Multi-Sector Account Portfolio's latest SEC N-PORT filing.

C000111136 Prospectus and SEC Filings

Official T. Rowe Price Emerging Markets Local Multi-Sector Account Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Total / Aggregate Bond funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.