0001752724-20-248025.txt : 20201125 0001752724-20-248025.hdr.sgml : 20201125 20201125123426 ACCESSION NUMBER: 0001752724-20-248025 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200930 FILED AS OF DATE: 20201125 PERIOD START: 20201231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price Spectrum Fund, Inc. CENTRAL INDEX KEY: 0000808303 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-04998 FILM NUMBER: 201348775 BUSINESS ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 410-345-2000 MAIL ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE SPECTRUM FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE OMNI TRUST DATE OF NAME CHANGE: 19870726 0000808303 S000002122 Spectrum Income Fund C000005512 Spectrum Income Fund RPSIX NPORT-P 1 primary_doc.xml NPORT-P false 0000808303 XXXXXXXX S000002122 C000005512 T. ROWE PRICE SPECTRUM FUND, INC. 811-04998 0000808303 549300C4CNSW3NCPIM75 100 East Pratt Street Baltimore 21202 410-345-2000 Spectrum Income Fund S000002122 549300STXWSR8ZCP7B25 2020-12-31 2020-09-30 N 6539889049.22 19367610.65 6520521438.57 0.00000000 0.00000000 0.01000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N T ROWE PRICE LIMITED DURATION INFLATION FOCUSED BOND FUND FLEHC3SRPQOO4TMXE569 T ROWE PRICE LIMITED DURATION INFLATION FOCUSED BOND FUND 872798103 18690964.14504000 NS USD 96819194.27000000 1.484838217037 Long EC RF US N 1 N N N T ROWE PRICE HIGH YIELD FUND INC 2F9VPFCSWR3EU5WBPH73 T ROWE PRICE HIGH YIELD FUND INC 741481105 173167758.61418300 NS USD 1101346944.79000000 16.89047348691 Long EC RF US N 1 N N N T ROWE PRICE FLOATING RATE FUND 55EVHYN9ZAYVXIDNQB12 T ROWE PRICE FLOATING RATE FUND 87279B106 40642439.36232600 NS USD 377568261.68000000 5.790461165369 Long EC RF US N 1 N N N T ROWE PRICE EQUITY INCOME FUND 2XSW8WBY0J04JDHGEM36 T ROWE PRICE EQUITY INCOME FUND 779547108 30518389.92523900 NS USD 803854390.63000000 12.32806913071 Long EC RF US N 1 N N N T ROWE PRICE INTERNATIONAL BOND FUND C339HPVTHLLM709WSU55 T ROWE PRICE INTERNATIONAL BOND FUND 77956H104 27384536.68861800 NS USD 257140799.51000000 3.943561905785 Long EC RF US N 1 N N N T ROWE PRICE US TREASURY MONEY FUND INC 5493009ZDCM2JOJCUS84 T ROWE PRICE US TREASURY MONEY FUND INC 77957T305 104802730.26000000 NS USD 104802730.26000000 1.607275296114 Long STIV RF US N 1 N N N T ROWE PRICE EMERGING MARKETS BOND FUND 515326IHLDOILEO6ED43 T ROWE PRICE EMERGING MARKETS BOND FUND 77956H872 49822373.63727600 NS USD 539576306.49000000 8.275048423249 Long EC RF US N 1 N N N T Rowe Price US Treasury Intermediate Fund PLLLPNEGTDFISEIK5Y26 T Rowe Price US Treasury Intermediate Fund 77957T107 86417.04639100 NS USD 547019.90000000 0.008389204838 Long EC RF US N 1 N N N T ROWE PRICE US TREASURY LONG-TERM FUND 81MQEQSHGI5PN6BWN277 T ROWE PRICE US TREASURY LONG-TERM FUND 77957T206 2972676.46011700 NS USD 45571130.13000000 0.698887819928 Long EC RF US N 1 N N N T ROWE PRICE SHORT-TERM BOND FUND INC 549300YTML4H25P65J89 T ROWE PRICE SHORT-TERM BOND FUND INC 77957P105 53645423.97964000 NS USD 259107397.82000000 3.973722044487 Long EC RF US N 1 N N N T ROWE PRICE EMERGING MARKETS LOCAL CURRENCY BOND FUND 308254AVG0WE2QK20V13 T ROWE PRICE EMERGING MARKETS LOCAL CURRENCY BOND FUND 77956H674 54608712.93753800 NS USD 320007057.81000000 4.907691214955 Long EC RF US N 1 N N N T Rowe Price International Bond Fund - USD Hedged 549300A3CV9FBEEC1242 T Rowe Price International Bond Fund - USD Hedged 77956H211 38893779.84716400 NS USD 397494430.04000000 6.096052804745 Long EC RF US N 1 N N N T ROWE PRICE GNMA FUND JNJSU5UUMBJ4UKRO2C43 T ROWE PRICE GNMA FUND 779549104 48301634.72813900 NS USD 455484415.49000000 6.985398633853 Long EC RF US N 1 N N N T Rowe Price Dynamic Global Bond Fund 549300RBL73KV0WZZF27 T Rowe Price Dynamic Global Bond Fund 77956H575 26525072.59475400 NS USD 257293204.17000000 3.945899213643 Long EC RF US N 1 N N N T ROWE PRICE NEW INCOME FUND INC 5F373D85WF2X2XQOCV26 T ROWE PRICE NEW INCOME FUND INC 779570100 119475912.63826600 NS USD 1184006294.25000000 18.15815353732 Long EC RF US N 1 N N N T ROWE PRICE CORPORATE INCOME FUND INC W3XKRQESCCQU5BB2H051 T ROWE PRICE CORPORATE INCOME FUND INC 741478101 32134976.06770600 NS USD 324884608.04000000 4.982494285169 Long EC RF US N 1 N N N 2020-11-23 T. ROWE PRICE SPECTRUM FUND, INC. Alan S. Dupski Alan S. Dupski Treasurer & Vice President XXXX NPORT-EX 2 7044SpectrumIncFd.htm trowepricespectrumincomefund.htm - Generated by SEC Publisher for SEC Filing

T. ROWE PRICE SPECTRUM INCOME FUND
September 30, 2020 (Unaudited)

  $ Value $ Purchase $ Sales    $ Value 
PORTFOLIO OF INVESTMENTS(1)  12/31/19  Cost  Cost  Shares  9/30/20 
(Cost and value in $000s)           
BOND MUTUAL FUNDS 86.1%           
T. Rowe Price Funds:           
New Income Fund  1,241,462  168,581  241,617  119,469,324  1,183,941 
High Yield Fund  1,038,921  155,497  51,237  173,600,710  1,104,100 
Emerging Markets Bond Fund  574,451  63,102  70,085  49,955,108  541,014 
GNMA Fund  609,527  15,544  185,940  48,264,239  455,132 
International Bond Fund (USD           
Hedged)  474,556  33,790  121,085  38,858,570  397,135 
Floating Rate Fund  341,276  71,446  20,907  40,704,420  378,144 
Corporate Income Fund  295,420  58,755  35,700  32,152,529  325,062 
Emerging Markets Local Currency           
Bond Fund  353,307  18,725  20,521  54,731,381  320,726 
Short-Term Bond Fund  356,798  21,144  123,630  53,637,859  259,071 
Dynamic Global Bond Fund  277,100  23,035  56,748  26,519,029  257,234 
International Bond Fund  137,253  124,241  11,371  27,368,992  256,995 
Limited Duration Inflation Focused           
Bond Fund  172,206  3,117  82,679  18,665,021  96,685 
U. S. Treasury Long-Term Fund  84,872  2,939  45,014  2,971,397  45,552 
U.S. Treasury Intermediate Fund  17,994  106  17,507  86,474  547 
Total Bond Mutual Funds (Cost $5,321,643)        5,621,338 
 
EQUITY MUTUAL FUNDS 12.3%           
T. Rowe Price Funds:           
Equity Income Fund  877,124  362,050  334,903  30,518,390  803,854 
Total Equity Mutual Funds (Cost $597,216)        803,854 
 
 
 
 
The accompanying notes are an integral part of this Portfolio of Investments.     

 

 

T. ROWE PRICE SPECTRUM INCOME FUND

  $ Value $ Purchase $ Sales    $ Value 
  12/31/19  Cost  Cost  Shares  9/30/20 
(Cost and value in $000s)           
SHORT-TERM INVESTMENTS 1.6%           
T. Rowe Price Funds:           
U. S. Treasury Money Fund, 0.01% (2)  42,672  435,676  373,845  104,502,713  104,503 
Total Short-Term Investments (Cost $104,503)        104,503 
 
Total Investments in Securities 100.0%         
(Cost $6,023,362)        $  6,529,695 
 
Other Assets Less Liabilities 0.0%          128 
 
Net Assets 100.0%        $  6,529,823 

 

(1 )  Each underlying Price Fund is an affiliated company; the fund is invested in the 
    Investor Class of each underlying Price Fund. Additional information about each 
    underlying Price Fund is available by calling 1-877-495-1138 and at 
    www. troweprice. com. 
(2 )  Seven-day yield 

 

The accompanying notes are an integral part of this Portfolio of Investments.

 

T. ROWE PRICE SPECTRUM INCOME FUND

AFFILIATED COMPANIES
($000s)

The fund may invest in certain securities that are considered affiliated companies. As defined
by the 1940 Act, an affiliated company is one in which the fund owns 5% or more of the
outstanding voting securities, or a company that is under common ownership or control. The
following securities were considered affiliated companies for all or some portion of the nine
months ended September 30, 2020. Net realized gain (loss), investment income, and change in
net unrealized gain/loss reflect all activity for the period then ended.

        Change in Net     
    Net Realized Gain    Unrealized    Investment 
Affiliate    (Loss)    Gain/Loss    Income 
T. Rowe Price Funds:             
Corporate Income Fund  $  (647)  $  6,587  $  6,753 
Dynamic Global Bond Fund    (1,966)    13,847    3,706 
Emerging Markets Bond Fund    (7,149)    (26,454)    19,016 
Emerging Markets Local             
Currency Bond Fund    (3,091)    (30,785)    11,207 
Equity Income Fund    (51,296)    (100,417)    17,046 
Floating Rate Fund    (2,079)    (13,671)    11,092 
GNMA Fund    (1,187)    16,001    6,767 
High Yield Fund    (2,626)    (39,081)    41,712 
International Bond Fund    681    6,872    1,774 
International Bond Fund (USD             
Hedged)    (506)    9,874    4,871 
Limited Duration Inflation             
Focused Bond Fund    (2,940)    4,041    545 
New Income Fund    6,412    15,515    21,639 
Short-Term Bond Fund    253    4,759    4,530 
U. S. Treasury Intermediate Fund    1,316    (46)    71 
U. S. Treasury Long-Term Fund    12,587    2,755    771 
U. S. Treasury Money Fund    —    —    41 
Totals  $  (52,238) #  $  (130,203)  $  151,541+ 

 

#  Capital gain distributions from mutual funds represented $0 of the net realized gain (loss) . 
+  Investment income comprised $151,541 of income distributions from underlying Price 
  Funds. 

 

The accompanying notes are an integral part of this Portfolio of Investments.

 

T. ROWE PRICE SPECTRUM INCOME FUND
Unaudited
NOTES TO PORTFOLIO OF
INVESTMENTS

T. Rowe Price Spectrum Income Fund (the fund) is registered under the Investment Company Act of 1940 (the 1940 Act)
as an open-end management investment company and follows accounting and reporting guidance of the Financial
Accounting Standards Board Accounting Standards Codification Topic 946. The accompanying Portfolio of Investments
was prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). For
additional information on the fund’s significant accounting policies and investment related disclosures, please refer to the
fund’s most recent semiannual or annual shareholder report and its prospectus.

VALUATION

The fund’s financial instruments are valued at the close of the New York Stock Exchange (NYSE), normally 4 p.m. ET, each
day the NYSE is open for business. The fund’s financial instruments are reported at fair value, which GAAP defines as
the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market
participants at the measurement date. Investments in the underlying Price Funds are valued at their closing net asset
value per share on the day of valuation.

The T. Rowe Price Valuation Committee (the Valuation Committee) is an internal committee that has been delegated
certain responsibilities by the fund’s Board of Directors (the Board) to ensure that financial instruments are appropriately
priced at fair value in accordance with GAAP and the 1940 Act. Subject to oversight by the Board, the Valuation
Committee develops and oversees pricing-related policies and procedures and approves all fair value determinations.
Specifically, the Valuation Committee establishes procedures to value securities; determines pricing techniques, sources,
and persons eligible to effect fair value pricing actions; oversees the selection, services, and performance of pricing vendors;
oversees valuation-related business continuity practices; and provides guidance on internal controls and valuation-related
matters. The Valuation Committee reports to the Board and has representation from legal, portfolio management and
trading, operations, risk management, and the fund’s treasurer.

Various valuation techniques and inputs are used to determine the fair value of financial instruments. GAAP
establishes the following fair value hierarchy that categorizes the inputs used to measure fair value:

Level 1 - quoted prices (unadjusted) in active markets for identical financial instruments that the fund can access at
the reporting date

Level 2 - inputs other than Level 1 quoted prices that are observable, either directly or indirectly (including, but not
limited to, quoted prices for similar financial instruments in active markets, quoted prices for identical or
similar financial instruments in inactive markets, interest rates and yield curves, implied volatilities, and
credit spreads)

Level 3 - unobservable inputs

Observable inputs are developed using market data, such as publicly available information about actual events or
transactions, and reflect the assumptions that market participants would use to price the financial instrument.
Unobservable inputs are those for which market data are not available and are developed using the best information
available about the assumptions that market participants would use to price the financial instrument. GAAP requires
valuation techniques to maximize the use of relevant observable inputs and minimize the use of unobservable inputs.
When multiple inputs are used to derive fair value, the financial instrument is assigned to the level within the fair value
hierarchy based on the lowest-level input that is significant to the fair value of the financial instrument. Input levels are
not necessarily an indication of the risk or liquidity associated with financial instruments at that level but rather the
degree of judgment used in determining those values. On September 30, 2020, all of the fund's financial instruments
were classified as Level 1, based on the inputs used to determine their fair values.