PRSAX Fees and Costs — T. Rowe Price Global Multi-Sector Bond Fund, Inc., Advisor Class
Data updated: 2026-08-12
The net expense ratio is 0.93%: a 0.47% management fee, a 0.25% 12b-1 fee plus 0.50% other expenses, less a 0.30% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $364K in broker commissions, 0.0164% of average net assets, and portfolio turnover was 216%.
PRSAX Fees and Expenses
Annual operating expenses and sales charges of PRSAX. Prospectus, as of July 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.50% |
| Gross expense ratio | 1.23% |
| Fee waiver | −0.30% |
| Net expense ratio | 0.93% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
PRSAX Costs Over Time
On $10,000 invested in PRSAX, assuming 5% a year before costs, total costs come to $593 over 5 years, cutting the return by 0.99% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.93%) | $98 | $305 | $529 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $99 | $326 | $593 |
| Value after costs | $10,401 | $11,251 | $12,170 |
| Impact on return, per year | 0.99% | 0.99% | 0.99% |
PRSAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0164%
- Total broker commissions: $364K
- Bought from dealers (principal trades, not a cost): $10.2B
- Portfolio turnover (prospectus): 216%
- Securities on loan, average value: $31.5M
- Net income from securities lending: $181K (0.008% of average net assets)
PRSAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $146K | 40.11% |
| J.P. MORGAN SECURITIES LLC | $77K | 21.18% |
| MORGAN STANLEY & CO. LLC | $55K | 15.06% |
| BOFA SECURITIES, INC. | $55K | 15.01% |
| Citigroup Inc. | $28K | 7.75% |
| Deutsche Bank Securities Inc. | $3K | 0.89% |
| UBS AG | $1 | 0.00% |
PRSAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES, LLC | $1.7B | 20.66% |
| J.P. MORGAN SECURITIES LLC | $1.4B | 17.22% |
| MORGAN STANLEY & CO. LLC | $1.2B | 15.33% |
| GOLDMAN SACHS & CO. LLC | $1.2B | 15.27% |
| Citigroup Inc. | $783.5M | 9.71% |
| BOFA SECURITIES, INC. | $512.0M | 6.34% |
| BARCLAYS CAPITAL INC. | $449.5M | 5.57% |
| Deutsche Bank Securities Inc. | $283.1M | 3.51% |
| BMO Capital Markets Corp. | $280.0M | 3.47% |
| HSBC Securities (USA) Inc. | $235.2M | 2.91% |
T. Rowe Price Global Multi-Sector Bond Fund, Inc. Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PGMSX | I Class | 0.48% | — |
| PRSNX | T. Rowe Price Global Multi-Sector Bond Fund, Inc. | 0.65% | — |
| PRSAX | Advisor Class | 0.93% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.