T. Rowe Price has launched the Strategic Income Fund, a new offering that will invest in 12 asset classes to achieve high income and some asset growth, with 80% or more of its assets invested in income-producing securities.

Available through no-load and adviser shares, the fund will invest up to 65% of its assets in non-investment-grade securities and up to 50% in non-U.S. foreign debt securities denominated in dollars.

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