TMSSX Performance — T. Rowe Price Multi-Strategy Total Return Fund, I Class
Data updated: 2026-01-13
TMSSX returned +3.55% over one year to Oct 2025. Annualised returns are +4.89% over 3 years and +2.05% over 5 years. The fund trailed its Long-Short Equity category average: $100 invested three years ago grew to $115, against $125 for the category, and to $104 over one year, against $110. Volatility over the past three years was 1.80% a year. In the 12 months to Oct 2025 the fund lost a net $56.5M, and assets reached $225.02M.
TMSSX Growth of $100
What $100 invested in T. Rowe Price Multi-Strategy Total Return Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Short Equity category average over the same months.
| Period | TMSSX | Category average |
|---|---|---|
| 1 year (Nov 2024 – Oct 2025) | $104 | $110 |
| 3 years (Nov 2022 – Oct 2025) | $115 | $125 |
| 5 years (Nov 2020 – Oct 2025) | $111 | $132 |
| Since data start (Aug 2019 – Oct 2025) | $123 | $134 |
TMSSX Trailing Returns
Total returns to Oct 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +3.55% |
| 3 years (annualised) | +4.89% |
| 5 years (annualised) | +2.05% |
TMSSX Annual Returns
Calendar-year total returns of T. Rowe Price Multi-Strategy Total Return Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Oct) | +2.65% |
| 2024 | +5.48% |
| 2023 | +5.23% |
| 2022 | −4.50% |
| 2021 | −1.98% |
| 2020 | +13.40% |
| 2019 (Aug–Dec) | +1.75% |
TMSSX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +0.7% | +0.2% | −0.3% | −0.9% | +0.1% | +1.0% | +0.3% | +0.2% | +0.7% | +0.7% | — | — |
| 2024 | +0.9% | +1.8% | +0.8% | +0.5% | +0.4% | −0.1% | −0.3% | −0.3% | +0.3% | +0.4% | +0.1% | +0.8% |
| 2023 | +1.0% | +0.3% | −0.3% | +0.6% | −0.1% | +0.4% | +0.5% | +0.5% | +0.1% | +0.3% | +1.1% | +0.6% |
| 2022 | −1.2% | −1.0% | −1.5% | −0.2% | −1.4% | +0.2% | −0.6% | +0.8% | −0.4% | −0.5% | +0.1% | +1.2% |
| 2021 | +0.2% | +2.0% | −1.3% | +0.1% | +0.7% | −0.3% | −0.1% | +1.1% | −0.7% | −0.5% | −1.8% | −1.3% |
| 2020 | +0.8% | +0.7% | −4.7% | +3.9% | +2.7% | +0.9% | +2.7% | +1.1% | +0.2% | +0.9% | +1.4% | +2.3% |
| 2019 | — | — | — | — | — | — | — | +0.4% | −0.6% | −0.1% | +0.7% | +1.3% |
TMSSX Risk
Risk measures from monthly returns over Nov 2022 – Oct 2025.
- 3-year volatility (annualised): 1.80%
- 3-year Sharpe ratio: 0.22 (vs 4.5% risk-free rate)
- Best month: +1.83% (Feb 2024)
- Worst month: −0.88% (Apr 2025)
TMSSX Fund Flows
Monthly money in and out of T. Rowe Price Multi-Strategy Total Return Fund, from SEC Form N-PORT.
- 12-month net flow: −$56.5M
- 12-month gross sales (incl. reinvestments): $49.9M
- Sales ÷ redemptions: 0.47×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Oct 2025 | $16.6M | $79.9M | −$63.4M |
| Sep 2025 | $262K | $6.9M | −$6.7M |
| Aug 2025 | $397K | $721K | −$324K |
| Jul 2025 | $182K | $1.3M | −$1.1M |
| Jun 2025 | $47K | $712K | −$665K |
| May 2025 | $436K | $2.2M | −$1.7M |
| Apr 2025 | $165K | $1.2M | −$1.1M |
| Mar 2025 | $1.1M | $2.2M | −$1.1M |
| Feb 2025 | $1.3M | $2.5M | −$1.2M |
| Jan 2025 | $2.7M | $2.8M | −$78K |
| Dec 2024 | $25.9M | $4.8M | $21.2M |
| Nov 2024 | $830K | $1.1M | −$281K |
TMSSX Assets Under Management
Net assets of T. Rowe Price Multi-Strategy Total Return Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-10-31 | $225.02M |
| 2025-07-31 | $307.46M |
| 2025-04-30 | $306.64M |
| 2025-01-31 | $313.22M |
| 2024-10-31 | $308.33M |
| 2024-07-31 | $309.12M |
| 2024-04-30 | $310.54M |
| 2024-01-31 | $302.84M |
| 2023-10-31 | $303.06M |
| 2023-07-31 | $330.37M |
| 2023-04-30 | $341.93M |
| 2023-01-31 | $344.46M |
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.