T. Rowe Price Mortgage-Backed Securities Multi-Sector Account Portfolio
Data updated: 2026-07-28
C000111140 — T. Rowe Price Mortgage-Backed Securities Multi-Sector Account Portfolio. Holdings, fees, performance and SEC filings.
C000111140 Fund Overview
T. Rowe Price Mortgage-Backed Securities Multi-Sector Account Portfolio is a US mutual fund managed by T. Rowe Price Multi-Sector Account Portfolios, Inc., categorised as Long Securitized (MBS/ABS/CMBS) 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: Long Securitized (MBS/ABS/CMBS) Bond
- Assets under management: $47.34M
- 1-year return: 6.9%
- SEC CIK: 0001533490
- SEC series ID: S000036341
- Share class ID: C000111140
C000111140 Investment Objective and Strategy
T. Rowe Price Mortgage-Backed Securities 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 normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in U.S. dollar-denominated mortgage-backed securities. Any derivatives that provide exposure to the investment focus suggested by the funds name, or to one or more market risk factors associated with the investment focus suggested by the funds name, are counted (as applicable) toward compliance with the funds 80% investment policy. Mortgage-backed securities are debt obligations that are backed by pools of mortgages or that represent claims to cash flows from pools of mortgage loans. The fund may invest in a wide range of mortgage-backed securities, including pass-through certificates and other securities that are backed or issued by the U.S. government and its agencies (such as the Government National Mortgage Association, the Federal National Mortgage Association, or the Federal Home Loan Mortgage Corporation), mortgage-related securities issued by private banks and other non-governmental issuers, agency and non-agency collateralized mortgage obligations, and other types of mortgage-backed securities as they become available.
Mortgage pass-through certificates entitle the holder to a proportionate share of principal and interest payments made on an underlying pool of mortgage loans. The timely payment of interest and principal on securities issued by the Government National Mortgage Association is guaranteed by the full faith and credit of the U.S. government, while securities issued by the Federal National Mortgage Association and Federal Home Loan Mortgage Corporation provide certain guarantees but are not backed by the full faith and credit of the U.S. government. Collateralized mortgage obligations take the cash flows from other mortgage-backed securities and segregate them into different classes, known as tranches, with various payment schedules and other features. Under normal conditions, all of the securities purchased by the fund will be rated investment grade (those above BBB- or an equivalent rating) at the time of purchase by at least one credit rating agency or, if unrated, deemed to be investment-grade quality by the adviser.
If a security is split-rated (i.e., assigned different ratings by different credit rating agencies), the higher rating will be used for purposes of this requirement. There is no limit on the maturity of individual securities in the funds portfolio or on the funds overall weighted average maturity, which will vary and can be influenced by various factors such as the general level of interest rates and principal prepayments of certain mortgage-backed securities. In selecting securities, the portfolio manager may weigh the characteristics of various types of mortgage-backed securities and examine yield relationships in the context of the outlook for interest rates and the economy. For example, if interest rates seem likely to fall, the portfolio manager may purchase mortgage-backed securities expected to have below-average prepayment rates with longer maturities and allocate some assets to bonds or other securities that could appreciate in that environment.
The fund may also purchase or sell mortgage-backed securities on a delayed delivery or forward commitment basis through the to-be-announced (TBA) market. With TBA transactions, the particular securities to be delivered are not identified at the trade date, but the delivered securities must meet specified terms and standards. The fund will generally enter into TBA transactions with the intention of taking possession of the underlying mortgage-backed securities. However, in an effort to obtain underlying mortgage-backed securities on more preferable terms or to enhance returns, the fund may extend the settlement by entering into dollar roll transactions in which the fund sells mortgage-backed securities to a dealer and simultaneously agrees to purchase substantially similar securities in the future at a predetermined price.
The fund also expects to engage in short sales of TBA mortgages, including short sales on TBA mortgages the fund does not own, to potentially enhance returns or manage risk.
C000111140 Holdings
Top 10 holdings of T. Rowe Price Mortgage-Backed Securities Multi-Sector Account Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| T. Rowe Price Government Reserve Fund | 22.91% |
| Fnma 30 Yr Tba Jun | 3.78% |
| Fnma 30 Yr Tba Jun | 2.87% |
| Fnma 30 Yr Tba Jun | 2.51% |
| Fnma 30 Yr | 2.38% |
| Fnma 30 Yr Tba Jun | 2.15% |
| Fnma 30 Yr | 2.09% |
| Fnma 30 Yr Tba Jun | 1.93% |
| Fnma 30 Yr | 1.63% |
| Fnma 30 Yr | 1.59% |
C000111140 Portfolio Allocation
Asset-class allocation of T. Rowe Price Mortgage-Backed Securities Multi-Sector Account Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Securitized | 103.4% |
| Cash & Equivalents | 22.9% |
C000111140 Performance
Total returns for C000111140 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.6% |
| 1 year | 6.9% |
| 3 years (annualised) | 4.2% |
| 5 years (annualised) | 0.3% |
C000111140 Risk Information
Risk metrics for C000111140, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.6%
C000111140 Costs and Fees
C000111140 costs about $2 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.02%
- Gross expense ratio: 0.02%
- Portfolio turnover: 378%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000111140 Cashflows
Over the 12 months to 2026-05, T. Rowe Price Mortgage-Backed Securities Multi-Sector Account Portfolio had net outflows of $23.63M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$3.73M |
| 2026-04 | −$304.49K |
| 2026-03 | $6.07M |
| 2026-02 | $647.49K |
| 2026-01 | $174.69K |
| 2025-12 | $158.43K |
C000111140 Debt Constituents
No individual debt constituents are reported in T. Rowe Price Mortgage-Backed Securities Multi-Sector Account Portfolio's latest SEC N-PORT filing.
C000111140 Prospectus and SEC Filings
Official T. Rowe Price Mortgage-Backed Securities Multi-Sector Account Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-24
- Prospectus (485BPOS) — filed 2025-04-24
- Prospectus (485BPOS) — filed 2024-04-25
- Portfolio holdings (N-PORT) — filed 2026-07-28
- Portfolio holdings (N-PORT) — filed 2026-04-27
- Portfolio holdings (N-PORT) — filed 2026-01-27
- Annual census (N-CEN) — filed 2026-05-12
- Annual census (N-CEN) — filed 2025-05-12
Related Funds
Other Long Securitized (MBS/ABS/CMBS) 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.