Spectrum income fund

Spectrum income fund DEFAULT

YearQ1Q2Q3Q4

20210.06%N/AN/AN/A

2020-9.30%7.99%2.21%5.94%

20194.64%3.10%1.40%1.97%

2018-0.47%-1.30%0.63%-1.50%

20172.14%1.86%1.77%1.08%

20163.68%3.16%2.48%-1.30%

20150.85%-0.74%-2.50%0.38%

20142.31%2.87%-1.32%0.02%

20131.63%-2.15%1.75%1.82%

20123.97%0.70%3.75%1.41%

20112.14%1.60%-3.56%4.07%

20102.83%-0.58%5.64%1.56%

2009-1.56%9.91%8.75%2.23%

20080.16%-1.44%-3.02%-5.40%

20071.62%0.95%2.20%1.28%

20061.26%0.13%3.67%3.11%

2005-0.77%1.47%0.72%0.67%

20042.02%-1.23%2.79%4.33%

20032.09%6.52%1.02%4.65%

20021.14%1.51%0.13%4.05%

20011.20%0.48%1.17%1.59%

20001.37%0.72%2.04%3.10%

1999-0.38%0.62%-0.60%0.62%

19983.16%0.94%-0.74%3.11%

19970.04%4.98%4.06%2.65%

1996-0.13%1.15%2.83%3.62%

19956.56%4.75%2.76%4.12%

1994-2.63%-0.82%1.98%-0.43%

19934.62%2.87%2.63%1.72%

19920.25%3.83%3.16%0.43%

19915.21%2.54%5.53%5.09%

1990-1.50%4.22%N/AN/A

Sours: https://finance.yahoo.com/quote/RPSIX/performance/

You may purchase shares of LoCorr Funds directly through the transfer agent, US Bancorp,by completing the appropirate application available above. You may also purchase shares of LoCorr Funds through brokers that distribute the Funds. Please call 1.855.LCFUNDS (1.855.523.8637) with any questions on purchasing options.

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 952.513.8195. The Fund imposes a 2.00% redemption fee on shares sold within 60 days. Investment performance reflects fee waivers in effect. In the absence of such waivers, total return would be reduced. Performance data shown with load for Class A shares reflects a 5.75% sales load and for Class C shares reflects a 1.00% CDSC. Performance data shown without the load does not reflect the current maximum sales charges for Class A shares (up to 5.75% front-end) and Class C shares (1.00% CDSC). Had the sales charge been included, the fund’s returns would be lower.

Expense cap: 2.05% (A), 2.80% (C), 1.80% (I). The Fund’s expense cap listed here includes the 12b-1 distribution and/or servicing fees per share class, but excludes taxes, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, indirect expenses, expenses of other investment companies in which the Fund may invest, or extraordinary expenses such as litigation and inclusive of organizational cost incurred prior to the commencement of operations will not exceed 1.80%/daily average net assets attributable to each class of the Fund, as stated above, net of contractual waiver through April 30, 2020. Gross expense ratios are as of the Fund’s most recent prospectus and were applicable to investors.

The Fund invests in foreign investments and foreign currencies which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for emerging markets. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in small - and medium-capitalization companies involve additional risks such as limited liquidity and greater volatility. Investments in lower-rated and nonrated securities presents a greater risk of loss to principal and interest than higher rated securities. The Fund may make short sales of securities, which involves the risk that losses may exceed the original amount invested. The Fund may invest in derivative securities, which derive their performance from the performance of an underlying asset, index, interest rate or currency exchange rate. Derivatives can be volatile and involve various types and degrees of risks, and, depending upon the characteristics of a particular derivative, suddenly can become illiquid. Derivative contracts ordinarily have leverage inherent in their terms which can magnify the Fund’s potential for gains or losses through increased long and short position exposure. The Fund’s portfolio will be significantly impacted by the performance of the real estate market generally, and the Fund may be exposed to greater risk and experience higher volatility than would a more economically diversified portfolio. Property values may fall due to increasing vacancies or declining rents resulting from economic, legal, cultural, or technological developments. Investments in Limited Partnerships (including master limited partnerships) involve risks different from those of investing in common stock including risks related to limited control and limited rights to vote on matters affecting the Limited Partnership, risks related to potential conflicts of interest between the Limited Partnership and the Limited Partnership’s general partner, cash flow risks, dilution risks and risks related to the general partner’s limited call right. Underlying Funds are subject to management and other expenses, which will be indirectly paid by the Fund. There is no assurance that any hedging strategies utilized by the Fund will successfully provide a hedge to the portfolio’s holdings which could negatively impact Fund performance.

Click here for important disclosure and definition information.

Sours: https://www.locorrfunds.com/
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Strategy

Investment Objective

The fund seeks a high level of current income with moderate share price fluctuation.

Morningstar Equity Style

Large Value

Data as of 09/30/2021

Morningstar Fixed Income Style

Low / Moderate

Data as of 09/30/2021

Morningstar Rating

PeriodRatingFunds In Category (Multisector Bond)
Overall271
3 Years271
5 Years237
10 Years128

Yields & Dividends (Investor Class)

30-Day SEC Standardized Yield
with waiver
1.90%

Data as of 09/30/2021

without waiver
1.90%

Data as of 09/30/2021

30-Day Annualized Dividend Yield
with waiver
3.05%

Data as of 10/14/2021

Monthly Dividend
(USD)
$0.032964975

Data as of 09/30/2021

Monthly Dividend
Rate
0.01%

Data as of 10/14/2021

Average Annual Total Returns (Investor Class)

1 YR
8.10%8.10%
Benchmark
-0.90%-0.90%
Value
9.00%9.00%

Data as of 09/30/2021

Data as of 09/30/2021

3 YR
5.94%5.94%
Benchmark
5.36%5.36%
Value
0.58%0.58%

Data as of 09/30/2021

Data as of 09/30/2021

5 YR
4.42%4.42%
Benchmark
2.94%2.94%
Value
1.48%1.48%

Data as of 09/30/2021

Data as of 09/30/2021

10 YR
5.05%5.05%
Benchmark
3.01%3.01%
Value
2.04%2.04%

Data as of 09/30/2021

Data as of 09/30/2021

Benchmark: Bloomberg U.S. Aggregate Bond Index

Fund Inception: 06/29/1990

Expense Ratio

Gross
0.62%

Net
0.62%

Current Year Performance (Investor Class)

Daily YTD
2.36%
Benchmark
-1.48%
Value
3.84%

Data as of 10/14/2021

Monthly YTD
2.04%
Benchmark
-1.55%
Value
3.59%

Data as of 09/30/2021

One Month
-0.96%
Benchmark
-0.87%
Value
-0.09%

Data as of 09/30/2021

Three Months
-0.14%
Benchmark
0.05%
Value
-0.19%

Data as of 09/30/2021

Benchmark: Bloomberg U.S. Aggregate Bond Index

Fund Inception: 06/29/1990

Asset Allocation

Net Assets
(USD)
$7.2b

LargestUS Bonds52.80%$3.8b

OtherView complete

Holdings

Total
Holdings
15

Largest HoldingTRP New Income - Z16.50%Was (06/30/2021)16.50%

OtherView complete

Top 10 Holdings85.76%View the latest

Sectors

Total Sectors - Fixed Income only
12

Data as of 09/30/2021

Benchmark: Bloomberg U.S. Aggregate Bond Index

Largest - Fixed Income onlyHigh Yield22.42%Was (08/31/2021)22.06%

OtherView complete

Over - Fixed Income only

High Yield
By 22.42%

Fund22.42%

Benchmark0.00%

Under - Fixed Income only

U.S. Treasury
By -31.57%

Fund7.05%

Benchmark38.63%

Data as of 09/30/2021

Team (As of )

Charles M.  Shriver, CFA

Charles M. Shriver, CFA
Co-Portfolio Manager

Charles Shriver is the portfolio manager of the Global Allocation, Balanced, and Spectrum Funds, and he is cochair of the Asset Allocation Committee. Charles is a vice president of T. Rowe Price Group, Inc.

  • Fund manager
    since 2011
  • Years at
    T. Rowe Price 29
  • Years investment
    experience 22
Toby M. Thompson, CFA, CAIA

Toby M. Thompson, CFA, CAIA
Co-Portfolio Manager

Toby Thompson is a portfolio manager in the Multi-Asset Division. He is a co-portfolio manager of the Balanced Fund, Global Allocation Funds, Moderate Allocation Portfolio, Spectrum Funds, ActivePlus® Portfolios, and Managed Volatility Strategies. Toby is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.

  • Years at
    T. Rowe Price 11
  • Years investment
    experience 28
Matthew Ko, CFA

Matthew Ko, CFA
Portfolio Specialist

Matthew Ko is a portfolio specialist in the Multi-Asset Division. He is the proxy portfolio manager for the suite of target risk asset allocation products and communicates the firm's global capital markets outlook and asset allocation viewpoints. Matt is a vice president of T. Rowe Price Group, Inc. 

  • Years at
    T. Rowe Price 5
  • Years investment
    experience 20

How to Invest

View platform information
Share ClassMin Initial Investment (USD)Min Subsequent Investment (USD)12b-1 FeeExpense Ratio
GrossNetLimitation TypeLimitation Expiration Date
Investor Class
Cusip 779906106
$2,500$1000.00% 0.62% 0.62% N/A N/A
I Class
Cusip 87283G208
$1,000,000*N/A0.00% 0.47% 0.47% N/A
N/A

Benefits & Risks

  • Offers a highly diversified approach to income investing.
  • Underlying holdings should provide the potential for a high level of current income and the potential for attractive long-term returns with moderate risk.
  • Yield and share price will vary with interest rate changes.
  • If interest rates rise significantly from current levels, bond fund total returns will decline and may even turn negative in the short term.

Investor Profile

  • For investors seeking high current income through diversification primarily among various bond funds.
  • Appropriate for both regular and tax-deferred accounts, such as IRAs.

Asset Allocation (09/30/2021)

Category% of Total Net AssetsMarket Value (USD)
Convertibles0.89%$63,874,544.28
Global ex-US Bonds30.42%$2,183,217,569.76
Global ex-US Stock0.65%$46,649,948.07
Options0.01%$717,691.51
Preferred0.12%$8,612,298.11
Reserves4.98%$357,410,371.38
US Bonds52.80%$3,789,411,166.45
US Stock10.15%$728,456,881.43

Holdings (09/30/2021)

Security NameMarket Value% of Fund
$1,184,480,174.6916.50%
$1,150,861,332.8416.04%
$796,593,652.9411.10%
$575,830,507.708.02%
$533,953,780.127.44%
$500,096,748.016.97%
$388,962,785.565.42%
$374,753,155.395.22%
$353,437,042.554.92%
$296,231,524.414.13%
$275,933,443.543.84%
$229,595,972.233.20%
$147,008,505.082.05%
$144,324,891.652.01%
$534,286.620.01%

Platforms (Investor Class)

PlatformRetail InvestorInstitutional Investor
PershingN/ANTF
TD AmeritradeNTFNTF
SchwabNTFNTF
FidelityNTFNTF
E*TradeNTFN/A
  • NTFNo Transaction Fee
  • TFTransaction Fee
  • N/ANot Available

Calendar Year Performance

2011201220132014201520162017201820192020 
4.16%10.16%3.02%3.88%-2.02%8.18%7.02%-2.62%11.55%6.06% Fund
7.84%4.21%-2.02%5.97%0.55%2.65%3.54%0.01%8.72%7.51% Benchmark
-3.68%5.95%5.04%-2.09%-2.57%5.53%3.48%-2.63%2.83%-1.45% Value added

Investor Class Inception Date: 06/29/1990

Benchmark: Bloomberg U.S. Aggregate Bond Index

Monthly Performance

Investor Class Inception Date: 06/29/1990

Benchmark: Bloomberg U.S. Aggregate Bond Index

Generic Group Bio Thumbnail

Asset Allocation Committee

Asset allocation decisions are made by the firm's Asset Allocation Committee, which includes some of the firm's most senior investment management professionals.

Generic Group Bio Thumbnail

Underlying Security Managers

Individual security selection is made by portfolio managers of the Fund's component strategies drawing on the fundamental insights of T.Rowe Price's team of around 200 global research analysts.

Generic Group Bio Thumbnail

Financial Professionals

Client liaisons are available Monday-Thursday from 8 a.m. to 6 p.m. ET and Friday from 8 a.m. to 5 p.m. ET.

Tel: 1-800-564-6958

Sours: https://www.troweprice.com/financial-intermediary/us/en/investments/mutual-funds/us-products/spectrum-income-fund.html
🔴Best High Yield 9% Income Funds Paying Monthly CEF Closed End

The expansive and experienced team helming T. Rowe Price Spectrum Income benefits from their firm’s superb stewardship and their strategy’s low fee hurdle, earning both share classes a Morningstar Analyst Rating of Bronze.

This strategy is a fund of funds which invests exclusively in other T. Rowe Price strategies in order to generate a high level of income with a similar level of volatility as the overall fixed income market. Managers Charles Shriver and Toby Thompson, both industry veterans with over a decade of experience at the firm, work with the firm’s asset-allocation committee to determine both long-term neutral weightings for several broad asset classes of fixed income and shorter-term tactical shifts of these same allocations. Shriver and Thompson boast the support of over 75 multi-asset investment professionals who provide research and operational support.

Shriver and Thompson invest in a set of underlying T. Rowe Price strategies, each representing a broad sector of the fixed-income and equity market. Their tactical and strategic shifts across these strategies, boosted by the fundamental skills of the underlying managers, are meant to drive outperformance relative to their Bloomberg Barclays U.S. Aggregate Bond Index bogy and their multisector bond Morningstar Category peers. Yet results on both top and bottom are mixed: the managers haven’t generated a long-term edge with their structural adjustments, and their underlying fund lineup includes both well-regarded Morningstar Medalists like T. Rowe Price High Yield PRHYX and Neutral-rated strategies like T. Rowe Price New Income PCRIX.

The strategy’s institutional share class generated 5.2% annualized over Shriver’s tenure as lead manager from October 2011 through May 2021. This result was comfortably ahead of its all investment-grade bogy, unsurprising given its lack of exposure to high-yield credit or equities, but only middling within a distinct group of its category rivals. Risk-adjusted results, as measured by Sharpe ratio, are better, and low fees add to its appeal.

Sours: https://www.morningstar.com/funds/xnas/rpsix/quote

Income fund spectrum

  • Total Return
  • Consistent Return
  • Preservation
  • Tax Efficiency
  • Expense

YTD1YR3YR5YR10YR

Fund2.387.216.444.674.92
Category1.945.215.324.234.64
S&P 500-1.48-0.905.553.103.10
% Rank in Category3824274239
Quintile Rank22232

Fund Details

Fund Details

  • Category
    Multi-Sector Inc

  • Portfolio Style
    Multi-Sector Inc

  • Expense Ratio
    N/A

  • Status
    Open

  • Initial Purchase Regular
    $2,500

  • Load Type
    None

  • Front End Load
    N/A

  • Back End Load
    N/A

Investment Policy

The Fund seeks a high level of current income, with moderate price fluctuation by investing in a diversified group of underlying T. Rowe Price funds. The Fund normally invests in domestic and international bond funds, a money market fund, and an income-oriented stock fund.

Management Details

  • Manager Name/Start Year
    Team Managed(N/A)

  • Inception Date
    06/29/90

  • Phone Number
    800-225-5132

No news for RPSIX in the past two years.
Data temporarily not available.
DATEINCOME
DISTRIBUTION
Capital Gains
Distribution
2020 $0.38 $0.09
2019 $0.43 $0.05
2018 $0.44 $0.13
2017 $0.42 $0.08
2016 $0.43 $0.04
2015 $0.42 $0.14
2014 $0.43 $0.12
2013 $0.45 $0.18
2012 $0.50 $0.04
2011 $0.53 $0.03
Sours: https://www.wsj.com/market-data/quotes/mutualfund/RPSIX
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CategoryMulti-Sector Inc
Portfolio StyleMulti-Sector Inc
Fund FamilyPrice Funds
Fund StatusOpen
Fund InceptionJune 29, 1990
Manager

Team Managed

The Fund seeks a high level of current income, with moderate price fluctuation by investing in a diversified group of underlying T. Rowe Price funds. The Fund normally invests in domestic and international bond funds, a money market fund, and an income-oriented stock fund.

Front loadN/A
Deferred loadN/A
Max. redemption feeN/A
Total expense ratio0%
12 b-1N/A
Turnover30%
Alpha0.10
Beta0.31
Standard deviation1.98
R. squared0.67
Standard (taxable)$2,500
IRA$1,000
Fund ReturnCategory1Index (Barclay US Agg)% rank in categoryQuintile rank
YTD2.38%1.94%-1.48%38%2
1yr7.21%5.21%-0.90%24%2
3yr26.44%5.32%5.55%27%2
5yr24.67%4.23%3.10%42%3
10yr24.92%4.64%3.10%39%2
  • 1Multi-Sector Income Fds
  • 23, 5 and 10 Year Returns are Annualized
CompanySymbolTotal Net Assets
Corporate Notes/Bonds 85.96%

View HoldingsAs of 09/30/2014

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Sours: https://www.marketwatch.com/investing/fund/rpsix

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