T. Rowe Price High Yield Multi-Sector Account Portfolio

C000111138 Fund Overview

T. Rowe Price High Yield Multi-Sector Account Portfolio is a US mutual fund managed by T. Rowe Price Multi-Sector Account Portfolios, Inc., categorised as Intermediate Corporate 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: Intermediate Corporate Bond
• Assets under management: $7.75M
• 1-year return: 9.0%
• SEC CIK: 0001533490
• SEC series ID: S000036339
• Share class ID: C000111138

C000111138 Investment Objective and Strategy

T. Rowe Price High Yield 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 invests in a diversified portfolio of high yield corporate bonds, also known as junk bonds. The fund will normally invest at least 80% of its net assets (including any borrowings for investment purposes) in bonds that are rated below investment grade (BB and lower, or an equivalent rating) by an established credit rating agency or are not rated by any credit rating agency but deemed to be below investment grade by T. Rowe Price. If a holding is split-rated (i.e., rated investment grade by at least one rating agency and rated below investment grade by another rating agency), the lower rating will be used for purposes of the funds 80% investment policy. Junk bonds tend to provide high income in an effort to compensate investors for their higher risk of default, which is the failure to make required interest or principal payments, and should be considered speculative.

High yield bond issuers include small or relatively new companies lacking the history or capital to merit investment-grade status, former blue chip companies downgraded because of financial problems, companies electing to borrow heavily to finance or avoid a takeover or buyout, and firms with heavy debt loads. The fund may purchase securities of any maturity and its weighted average maturity will vary with market conditions. In selecting investments, the fund relies extensively on T. Rowe Price credit research analysts. The fund intends to focus primarily on the higher-quality range (BB and B, or an equivalent rating) of the high yield market. While most assets will typically be invested in U.S. dollar-denominated bonds, the fund may also invest in bonds of foreign issuers (including securities of issuers in emerging markets).

The fund may invest up to 20% of its total assets in non-U.S. dollar-denominated securities and may invest without limitation in U.S. dollar-denominated bonds of foreign issuers. The fund may also use forward currency exchange contracts and credit default swaps in keeping with the funds objective. Forward currency exchange contracts would typically be used to protect the funds foreign bond holdings from adverse currency movements relative to the U.S. dollar and credit default swaps would typically be used to protect the value of certain portfolio holdings or to manage the funds overall exposure to changes in credit quality. The fund may sell holdings for a variety of reasons, such as to adjust the portfolios average maturity, duration, or overall credit quality, to shift assets into and out of higher-yielding instruments, or to reduce its exposure to certain instruments.

C000111138 Holdings

Top 10 holdings of T. Rowe Price High Yield Multi-Sector Account Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000111138 holdings

C000111138 Portfolio Allocation

Asset-class allocation of T. Rowe Price High Yield Multi-Sector Account Portfolio by percentage of net assets, from the latest SEC N-PORT filing.

C000111138 Performance

Total returns for C000111138 (as of 2026-10-01), from SEC filings.

C000111138 Risk Information

Risk metrics for C000111138, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 7.0%

C000111138 Costs and Fees

C000111138 costs about $1 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.01%
• Gross expense ratio: 0.01%
• Portfolio turnover: 52%
• Brokerage commissions: 0.01 bps of average net assets (SEC N-CEN)

C000111138 Cashflows

Over the 12 months to 2023-11, T. Rowe Price High Yield Multi-Sector Account Portfolio had net inflows of $1.52M, from monthly SEC N-PORT filings.

C000111138 Debt Constituents

Largest debt holdings of T. Rowe Price High Yield Multi-Sector Account Portfolio by percentage of net assets, from the latest SEC N-PORT filing.

C000111138 Prospectus and SEC Filings

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

• Prospectus (485BPOS) — filed 2023-06-29
• Prospectus (485BPOS) — filed 2022-06-29
• Prospectus (485BPOS) — filed 2021-06-28
• Portfolio holdings (N-PORT) — filed 2024-01-26
• Portfolio holdings (N-PORT) — filed 2023-10-27
• Portfolio holdings (N-PORT) — filed 2023-07-27
• Annual census (N-CEN) — filed 2023-05-10
• Annual census (N-CEN) — filed 2022-04-28

Related Funds

Other Intermediate Corporate Bond funds tracked on ABC INVEST:

• Vanguard Intermediate-Term Corporate Bond Index Fund (VICSX)
• Lord Abbett Short Duration Income Fund (LLDYX)
• Vanguard Intermediate-Term Investment-Grade Fund (VFICX)
• iShares Broad USD High Yield Corporate Bond ETF (USHY)
• Lord Abbett Bond Debenture Fund INC (LBNDX)

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.