0000949820-12-000137.txt : 20121018 0000949820-12-000137.hdr.sgml : 20121018 20121018074415 ACCESSION NUMBER: 0000949820-12-000137 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20121018 DATE AS OF CHANGE: 20121018 EFFECTIVENESS DATE: 20121018 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price Strategic Income Fund, Inc. CENTRAL INDEX KEY: 0001447346 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-154155 FILM NUMBER: 121149525 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price Strategic Income Fund, Inc. CENTRAL INDEX KEY: 0001447346 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-22243 FILM NUMBER: 121149526 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 0001447346 S000024524 T. Rowe Price Strategic Income Fund, Inc. C000072749 T. Rowe Price Strategic Income Fund, Inc. PRSNX C000072750 T. Rowe Price Strategic Income Fund--Advisor Class PRSAX 485BPOS 1 snfxrblptc.htm Untitled Document

Registration Nos. 333-154155/811-22243

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM N-1A

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933   /X/

 

 Post-Effective Amendment No. 7     /X/

and/or

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 /X/

 Amendment No. 8      /X/

T. ROWE PRICE STRATEGIC INCOME FUND, INC.

Exact Name of Registrant as Specified in Charter

100 East Pratt Street, Baltimore, Maryland 21202
Address of Principal Executive Offices

410-345-2000
Registrant’s Telephone Number, Including Area Code

David Oestreicher

100 East Pratt Street, Baltimore, Maryland 21202
Name and Address of Agent for Service

 It is proposed that this filing will become effective (check appropriate box):

/X/ Immediately upon filing pursuant to paragraph (b)

// On (date) pursuant to paragraph (b)

// 60 days after filing pursuant to paragraph (a)(1)

// On (date) pursuant to paragraph (a)(1)

// 75 days after filing pursuant to paragraph (a)(2)

// On (date) pursuant to paragraph (a)(2) of Rule 485

 If appropriate, check the following box:

// This post-effective amendment designates a new effective date for a previously filed post-effective amendment.


Page 2

EXHIBITS

  

Exhibit

Exhibit No.

XBRL Instance Document

EX-101.INS

XBRL Taxonomy Extension Schema Document

EX-101.SCH

XBRL Taxonomy Extension Calculation Linkbase Document

EX-101.CAL

XBRL Taxonomy Extension Definition Linkbase Document

EX-101.DEF

XBRL Taxonomy Extension Labels Linkbase Document

EX-101.LAB

XBRL Taxonomy Extension Presentation Linkbase Document

EX-101.PRE


Page 3

Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all of the requirements for effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of Baltimore, State of Maryland, this October 18, 2012.

 T. ROWE PRICE STRATEGIC INCOME FUND, INC.

 /s/Edward C. Bernard

By: Edward C. Bernard

 Chairman of the Board

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated:

   

Signature

Title

Date

   
   

/s/Edward C. Bernard

Chairman of the Board

October 18, 2012

Edward C. Bernard

(Chief Executive Officer)

 
   
   

/s/Gregory K. Hinkle

Treasurer (Chief

October 18, 2012

Gregory K. Hinkle

Financial Officer)

 
   
   

*

Director

October 18, 2012

William R. Brody

  
   
   

*

Director

October 18, 2012

Jeremiah E. Casey

  
   
   

*

Director

October 18, 2012

Anthony W. Deering

  
   
   

*

Director

October 18, 2012

Donald W. Dick, Jr.

  
   
   
   

/s/Michael C. Gitlin

Director

October 18, 2012

Michael C. Gitlin

  
   
   

*

Director

October 18, 2012

Karen N. Horn

  
   
   

*

Director

October 18, 2012

Theo C. Rodgers

  
   
   

*

Director

October 18, 2012

John G. Schreiber

  


Page 4

   
   
   

*

Director

October 18, 2012

Mark. R. Tercek

  
   
   

*/s/David Oestreicher

Vice President and

October 18, 2012

David Oestreicher

Attorney-In-Fact

 


Page 5

T. ROWE PRICE BALANCED FUND, INC.

T. ROWE PRICE BLUE CHIP GROWTH FUND, INC.

T. ROWE PRICE CALIFORNIA TAX-FREE INCOME TRUST

T. ROWE PRICE CAPITAL APPRECIATION FUND

T. ROWE PRICE CAPITAL OPPORTUNITY FUND, INC.

T. ROWE PRICE CORPORATE INCOME FUND, INC.

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND, INC.

T. ROWE PRICE DIVERSIFIED SMALL-CAP GROWTH FUND, INC.

T. ROWE PRICE DIVIDEND GROWTH FUND, INC.

T. ROWE PRICE EQUITY INCOME FUND

T. ROWE PRICE EQUITY SERIES, INC.

T. ROWE PRICE FINANCIAL SERVICES FUND, INC.

T. ROWE PRICE FIXED INCOME SERIES, INC.

T. ROWE PRICE FLOATING RATE FUND, INC.

T. ROWE PRICE GLOBAL REAL ESTATE FUND, INC.

T. ROWE PRICE GLOBAL TECHNOLOGY FUND, INC.

T. ROWE PRICE GNMA FUND

T. ROWE PRICE GROWTH & INCOME FUND, INC.

T. ROWE PRICE GROWTH STOCK FUND, INC.

T. ROWE PRICE HEALTH SCIENCES FUND, INC.

T. ROWE PRICE HIGH YIELD FUND, INC.

T. ROWE PRICE INDEX TRUST, INC.

T. ROWE PRICE INFLATION FOCUSED BOND FUND, INC.

T. ROWE PRICE INFLATION PROTECTED BOND FUND, INC.

T. ROWE PRICE INSTITUTIONAL EQUITY FUNDS, INC.

T. ROWE PRICE INSTITUTIONAL INCOME FUNDS, INC.

T. ROWE PRICE INSTITUTIONAL INTERNATIONAL FUNDS, INC.

T. ROWE PRICE INTERNATIONAL FUNDS, INC.

T. ROWE PRICE INTERNATIONAL INDEX FUND, INC.

T. ROWE PRICE INTERNATIONAL SERIES, INC.

T. ROWE PRICE MEDIA & TELECOMMUNICATIONS FUND, INC.

T. ROWE PRICE MID-CAP GROWTH FUND, INC.

T. ROWE PRICE MID-CAP VALUE FUND, INC.

T. ROWE PRICE MULTI-SECTOR ACCOUNT PORTFOLIOS, INC.

T. ROWE PRICE NEW AMERICA GROWTH FUND
T. ROWE PRICE NEW ERA FUND, INC.

T. ROWE PRICE NEW HORIZONS FUND, INC.

T. ROWE PRICE NEW INCOME FUND, INC.

T. ROWE PRICE PERSONAL STRATEGY FUNDS, INC.

T. ROWE PRICE PRIME RESERVE FUND, INC.

T. ROWE PRICE REAL ASSETS FUND, INC.

T. ROWE PRICE REAL ESTATE FUND, INC.

T. ROWE PRICE RESERVE INVESTMENT FUNDS, INC.

T. ROWE PRICE RETIREMENT FUNDS, INC.

T. ROWE PRICE SCIENCE & TECHNOLOGY FUND, INC.

T. ROWE PRICE SHORT-TERM BOND FUND, INC.

T. ROWE PRICE SMALL-CAP STOCK FUND, INC.

T. ROWE PRICE SMALL-CAP VALUE FUND, INC.

T. ROWE PRICE SPECTRUM FUND, INC.

T. ROWE PRICE STATE TAX-FREE INCOME TRUST


Page 6

T. ROWE PRICE STRATEGIC INCOME FUND, INC.

T. ROWE PRICE SUMMIT FUNDS, INC.

T. ROWE PRICE SUMMIT MUNICIPAL FUNDS, INC.

T. ROWE PRICE TAX-EFFICIENT FUNDS, INC.

T. ROWE PRICE TAX-EXEMPT MONEY FUND, INC.

T. ROWE PRICE TAX-FREE HIGH YIELD FUND, INC.

T. ROWE PRICE TAX-FREE INCOME FUND, INC.

T. ROWE PRICE TAX-FREE SHORT-INTERMEDIATE FUND, INC.

T. ROWE PRICE U.S. BOND ENHANCED INDEX FUND, INC.

T. ROWE PRICE U.S. LARGE-CAP CORE FUND, INC.

T. ROWE PRICE U.S. TREASURY FUNDS, INC.

T. ROWE PRICE VALUE FUND, INC.

POWER OF ATTORNEY

 RESOLVED, that the Corporation does hereby constitute and authorize Edward C. Bernard, Margery K. Neale and David Oestreicher, and each of them individually, their true and lawful attorneys and agents to take any and all action and execute any and all instruments which said attorneys and agents may deem necessary or advisable to enable the Corporation/Trust to comply with the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, and any rules, regulations, orders or other requirements of the United States Securities and Exchange Commission thereunder, in connection with the registration under the Securities Act of 1933, as amended, of shares of the Corporation/Trust, to be offered by the Corporation/Trust, and the registration of the Corporation/Trust under the Investment Company Act of 1940, as amended, including specifically, but without limitation of the foregoing, power and authority to sign the name of the Corporation/Trust on its behalf, and to sign the names of each of such directors/trustees and officers on his behalf as such director/trustee or officer to any (i) Registration Statement on Form N-1A or N-14 of the Corporation/Trust filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended; (ii) Registration Statement on Form N-1A or N-14 of the Corporation/Trust under the Investment Company Act of 1940, as amended; (iii) amendment or supplement (including, but not limited to, Post-Effective Amendments adding additional series or classes of the Corporation/ Trust) to said Registration Statement; and (iv) instruments or documents filed or to be filed as a part of or in connection with such Registration Statement, including Articles Supplementary, Articles of Amendment, and other instruments with respect to the Articles of Incorporation or Master Trust Agreement of the Corporation/Trust.

 IN WITNESS WHEREOF, the above named Corporations/Trusts have caused these presents to be signed and the same attested by its Secretary, each thereunto duly authorized by its Board of Directors/Trustees, and each of the undersigned has hereunto set his hand and seal as of the day set opposite his name.


Page 7

   

ALL CORPORATIONS/TRUSTS

  

/s/Edward C. Bernard

Edward C. Bernard

Chairman of the Board (Principal Executive Officer)

Director/Trustee

April 24, 2012

/s/Gregory K. Hinkle

Gregory K. Hinkle

Treasurer (Principal Financial Officer)

April 24, 2012

/s/William R. Brody

William R. Brody

Director/Trustee

April 24, 2012

/s/Jeremiah E. Casey

Jeremiah E. Casey

Director/Trustee

April 24, 2012

/s/Anthony W. Deering

Anthony W. Deering

Director/Trustee

April 24, 2012

/s/Donald W. Dick, Jr.

Donald W. Dick, Jr.

Director/Trustee

April 24, 2012

/s/Karen N. Horn

Karen N. Horn

Director/Trustee

April 24, 2012

/s/Theo C. Rodgers

Theo C. Rodgers

Director/Trustee

April 24, 2012

/s/John G. Schreiber

John G. Schreiber

Director/Trustee

April 24, 2012

/s/Mark R. Tercek

Mark R. Tercek

Director/Trustee

April 24, 2012

(Signatures Continued)


Page 8

MICHAEL C. GITLIN, Director/Trustee


T. ROWE PRICE CALIFORNIA TAX-FREE INCOME TRUST

T. ROWE PRICE CORPORATE INCOME FUND, INC.

T. ROWE PRICE FIXED INCOME SERIES, INC.

T. ROWE PRICE GNMA FUND

T. ROWE PRICE FLOATING RATE FUND, INC.

T. ROWE PRICE HIGH YIELD FUND, INC.

T. ROWE PRICE INSTITUTIONAL INCOME FUNDS, INC.

T. ROWE PRICE INFLATION FOCUSED BOND FUND, INC.

T. ROWE PRICE INFLATION PROTECTED BOND FUND, INC.

T. ROWE PRICE NEW INCOME FUND, INC.

T. ROWE PRICE PRIME RESERVE FUND, INC.

T. ROWE PRICE RESERVE INVESTMENT FUNDS, INC.

T. ROWE PRICE SHORT-TERM BOND FUND, INC.

T. ROWE PRICE STATE TAX-FREE INCOME TRUST

T. ROWE PRICE STRATEGIC INCOME FUND, INC.

T. ROWE PRICE SUMMIT FUNDS, INC.

T. ROWE PRICE SUMMIT MUNICIPAL FUNDS, INC.

T. ROWE PRICE TAX-EXEMPT MONEY FUND, INC.

T. ROWE PRICE TAX-FREE HIGH YIELD FUND, INC.

T. ROWE PRICE TAX-FREE INCOME FUND, INC.

T. ROWE PRICE TAX-FREE SHORT-INTERMEDIATE FUND, INC.

T. ROWE PRICE U.S. BOND ENHANCED INDEX FUND, INC.

T. ROWE PRICE U.S. TREASURY FUNDS, INC.

MICHAEL C. GITLIN, Director and President

T. ROWE PRICE MULTI-SECTOR ACCOUNT PORTFOLIOS, INC.

  

/s/Michael C. Gitlin

Michael C. Gitlin

April 24, 2012

(Signatures Continued)


Page 9

JOHN H. LAPORTE, Director/Trustee

T. ROWE PRICE CAPITAL OPPORTUNITY FUND, INC.

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND, INC.

T. ROWE PRICE EQUITY SERIES, INC.

T. ROWE PRICE NEW AMERICA GROWTH FUND

T. ROWE PRICE SCIENCE & TECHNOLOGY FUND, INC.

T. ROWE PRICE SMALL-CAP STOCK FUND, INC.

T. ROWE PRICE SMALL-CAP VALUE FUND, INC.

JOHN H. LAPORTE, Director and Vice President

T. ROWE PRICE DIVERSIFIED SMALL-CAP GROWTH FUND, INC.

T. ROWE PRICE HEALTH SCIENCES FUND, INC.

T. ROWE PRICE NEW HORIZONS FUND, INC.

  

/s/John H. Laporte

John H. Laporte

April 24, 2012

(Signatures Continued)


Page 10

BRIAN C. ROGERS, Director/Trustee

T. ROWE PRICE BALANCED FUND, INC.

T. ROWE PRICE BLUE CHIP GROWTH FUND, INC.

T. ROWE PRICE CAPITAL APPRECIATION FUND

T. ROWE PRICE DIVIDEND GROWTH FUND, INC.

T. ROWE PRICE FINANCIAL SERVICES FUND, INC.

T. ROWE PRICE GLOBAL REAL ESTATE FUND, INC.

T. ROWE PRICE GLOBAL TECHNOLOGY FUND, INC.

T. ROWE PRICE GROWTH & INCOME FUND, INC.

T. ROWE PRICE GROWTH STOCK FUND, INC.

T. ROWE INDEX TRUST, INC.

T. ROWE PRICE INSTITUTIONAL INTERNATIONAL FUNDS, INC.

T. ROWE PRICE INTERNATIONAL FUNDS, INC.

T. ROWE PRICE INTERNATIONAL INDEX FUND, INC.

T. ROWE PRICE INTERNATIONAL SERIES, INC.

T. ROWE PRICE MEDIA & TELECOMMUNICATIONS FUND, INC.

T. ROWE PRICE MID-CAP GROWTH FUND, INC.

T. ROWE PRICE MID-CAP VALUE FUND, INC.

T. ROWE PRICE NEW ERA FUND, INC.

T. ROWE PRICE REAL ASSETS FUND, INC.

T. ROWE PRICE REAL ESTATE FUND, INC.

T. ROWE PRICE TAX-EFFICIENT FUNDS, INC.

T. ROWE PRICE U.S. LARGE-CAP CORE FUND, INC.

BRIAN C. ROGERS, Director/Trustee and President

T. ROWE PRICE EQUITY INCOME FUND

T. ROWE PRICE INSTITUTIONAL EQUITY FUNDS, INC.

BRIAN C. ROGERS, Director/Trustee and Vice President

T. ROWE PRICE PERSONAL STRATEGY FUNDS, INC.

T. ROWE PRICE RETIREMENT FUNDS, INC.

T. ROWE PRICE SPECTRUM FUND, INC.

T. ROWE PRICE VALUE FUND, INC.

   

/s/Brian C. Rogers

Brian C. Rogers

 

April 24, 2012

(Signatures Continued)


Page 11

ATTEST:

/s/Patricia B. Lippert

Patricia B. Lippert, Secretary


Page 12

T. ROWE PRICE BALANCED FUND, INC.

T. ROWE PRICE BLUE CHIP GROWTH FUND, INC.

T. ROWE PRICE CAPITAL APPRECIATION FUND

T. ROWE PRICE CAPITAL OPPORTUNITY FUND, INC.

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND, INC.

T. ROWE PRICE DIVERSIFIED SMALL-CAP GROWTH FUND, INC.

T. ROWE PRICE DIVIDEND GROWTH FUND, INC.

T. ROWE PRICE EQUITY INCOME FUND

T. ROWE PRICE EQUITY SERIES, INC.

T. ROWE PRICE FINANCIAL SERVICES FUND, INC.

T. ROWE PRICE GLOBAL REAL ESTATE FUND, INC.

T. ROWE PRICE GLOBAL TECHNOLOGY FUND, INC.

T. ROWE PRICE GROWTH & INCOME FUND, INC.

T. ROWE PRICE GROWTH STOCK FUND, INC.

T. ROWE PRICE HEALTH SCIENCES FUND, INC.

T. ROWE PRICE INDEX TRUST, INC.

T. ROWE PRICE INSTITUTIONAL EQUITY FUNDS, INC.

T. ROWE PRICE INSTITUTIONAL INTERNATIONAL FUNDS, INC.

T. ROWE PRICE INTERNATIONAL FUNDS, INC.

T. ROWE PRICE INTERNATIONAL INDEX FUND, INC.

T. ROWE PRICE INTERNATIONAL SERIES, INC.

T. ROWE PRICE MEDIA & TELECOMMUNICATIONS FUND, INC.

T. ROWE PRICE MID-CAP GROWTH FUND, INC.

T. ROWE PRICE MID-CAP VALUE FUND, INC.

T. ROWE PRICE NEW AMERICA GROWTH FUND
T. ROWE PRICE NEW ERA FUND, INC.

T. ROWE PRICE NEW HORIZONS FUND, INC.

T. ROWE PRICE PERSONAL STRATEGY FUNDS, INC.

T. ROWE PRICE REAL ASSETS FUND, INC.

T. ROWE PRICE REAL ESTATE FUND, INC.

T. ROWE PRICE RETIREMENT FUNDS, INC.

T. ROWE PRICE SCIENCE & TECHNOLOGY FUND, INC.

T. ROWE PRICE SMALL-CAP STOCK FUND, INC.

T. ROWE PRICE SMALL-CAP VALUE FUND, INC.

T. ROWE PRICE SPECTRUM FUND, INC.

T. ROWE PRICE TAX-EFFICIENT FUNDS, INC.

T. ROWE PRICE U.S. LARGE-CAP CORE FUND, INC.

T. ROWE PRICE VALUE FUND, INC.

POWER OF ATTORNEY

 RESOLVED, that the Corporation does hereby constitute and authorize Edward C. Bernard, Margery K. Neale and David Oestreicher, and each of them individually, their true and lawful attorneys and agents to take any and all action and execute any and all instruments which said attorneys and agents may deem necessary or advisable to enable the Corporation/Trust to comply with the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, and any rules, regulations, orders or other requirements of the United States Securities and Exchange Commission thereunder, in connection with the registration under the Securities Act of 1933, as amended, of shares of the Corporation/Trust, to be offered by the Corporation/Trust, and the registration of the Corporation/Trust under the Investment Company Act of 1940, as amended, including specifically, but without limitation of the foregoing, power and authority to sign the name of the Corporation/Trust on its behalf, and to sign


Page 13

the names of each of such directors/trustees and officers on his behalf as such director/trustee or officer to any (i) Registration Statement on Form N-1A or N-14 of the Corporation/Trust filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended; (ii) Registration Statement on Form N-1A or N-14 of the Corporation/Trust under the Investment Company Act of 1940, as amended; (iii) amendment or supplement (including, but not limited to, Post-Effective Amendments adding additional series or classes of the Corporation/ Trust) to said Registration Statement; and (iv) instruments or documents filed or to be filed as a part of or in connection with such Registration Statement, including Articles Supplementary, Articles of Amendment, and other instruments with respect to the Articles of Incorporation or Master Trust Agreement of the Corporation/Trust.

 IN WITNESS WHEREOF, the above named Corporations/Trusts have caused these presents to be signed and the same attested by its Secretary, each thereunto duly authorized by its Board of Directors/Trustees, and each of the undersigned has hereunto set his hand and seal as of the day set opposite his name.

   

/s/Robert J. Gerrard, Jr.

Robert J. Gerrard, Jr.

Director/Trustee

May 2, 2012

/s/Cecilia E. Rouse

Cecilia E. Rouse

Director/Trustee

May 2, 2012

ATTEST:

/s/Patricia B. Lippert

Patricia B. Lippert, Secretary


EX-101.INS 3 trpsif-20120927.xml 0001447346 trpsif:S000024524Member trpsif:AdvisorClassesMember trpsif:C000072750Member 2011-10-02 2012-10-01 0001447346 trpsif:S000024524Member trpsif:InvestorClassMember trpsif:C000072749Member 2011-10-02 2012-10-01 0001447346 trpsif:S000024524Member trpsif:InvestorClassMember 2011-10-02 2012-10-01 0001447346 trpsif:S000024524Member trpsif:AdvisorClassesMember 2011-10-02 2012-10-01 0001447346 trpsif:S000024524Member trpsif:InvestorClassMember rr:AfterTaxesOnDistributionsAndSalesMember trpsif:C000072749Member 2011-10-02 2012-10-01 0001447346 trpsif:S000024524Member trpsif:InvestorClassMember rr:AfterTaxesOnDistributionsMember trpsif:C000072749Member 2011-10-02 2012-10-01 0001447346 trpsif:S000024524Member trpsif:InvestorClassMember trpsif:LipperGlobalIncomeFundsAverageMember 2011-10-02 2012-10-01 0001447346 2011-10-02 2012-10-01 0001447346 trpsif:S000024524Member trpsif:AdvisorClassesMember rr:AfterTaxesOnDistributionsMember trpsif:C000072750Member 2011-10-02 2012-10-01 0001447346 trpsif:S000024524Member trpsif:AdvisorClassesMember rr:AfterTaxesOnDistributionsAndSalesMember trpsif:C000072750Member 2011-10-02 2012-10-01 0001447346 trpsif:S000024524Member trpsif:AdvisorClassesMember trpsif:LipperGlobalIncomeFundsAverageMember 2011-10-02 2012-10-01 0001447346 trpsif:S000024524Member trpsif:InvestorClassMember trpsif:BarclaysGlobalAggregateExTreasuryBondUsdHedgedIndexMember 2011-10-02 2012-10-01 0001447346 trpsif:S000024524Member trpsif:AdvisorClassesMember trpsif:BarclaysGlobalAggregateExTreasuryBondUsdHedgedIndexMember 2011-10-02 2012-10-01 pure iso4217:USD 2012-06-30 2012-06-30 <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal"><b>Example</b></font> 455 <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal"><b>Example</b></font> <div style="display:none">~ http://www.troweprice.com/role/ScheduleShareholderFeesTRowePriceStrategicIncomeFundInc column period compact * ~</div> <font style="font-family:Sans-Serif; font-size:15pt; font-weight:normal"> T. Rowe Price </font><br/><br/> <font style="Serif;color:#004f7c; font-size:24.0pt; font-style:normal; font-weight:normal; text-align:left">Strategic Income Fund</font><br/><br/><font style="Serif;color:#004f7c; font-size:14.0pt; font-style:normal; font-weight:bold; text-align:left">SUMMARY</font> <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal"> The fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund&#146;s performance. During the most recent fiscal year, the fund&#146;s portfolio turnover rate was 94.4% of the average value of its portfolio.</font> <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">troweprice.com</font> <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">The fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund&#146;s performance. During the most recent fiscal year, the fund&#146;s portfolio turnover rate was 94.4% of the average value of its portfolio. </font> 725 <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">troweprice.com</font> 0.0483 0.0491 <font style="Serif; color:#004f7c; font-family: font-size:12.0pt; font-style:normal; font-weight:bold; text-align:left"><i>Fees and Expenses of the Fund</i></font><br/><br/><center><font style="Serif;color:#004f7c; font-size:10.0pt; font-style:normal; font-weight:bold;"><i>Shareholder fees (fees paid directly from your investment)</i></font></center> <center><font style="Serif;color:#004f7c;font-size:10.0pt; font-style:normal; font-weight:bold;"><i>Annual fund operating expenses<br>(expenses that you pay each year as a<br>percentage of the value of your investment)</i></font></center> 0 84 <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">The bar chart showing calendar year returns and the average annual total returns table indicate risk by illustrating how much returns can differ from one year to the next and how fund performance compares with that of a comparable market index.</font> <font style="font-family:Sans-Serif; font-size:15pt; font-weight:normal"> T. Rowe Price </font><br/><br/> <font style="Serif;color:#004f7c; font-size:24.0pt; font-style:normal; font-weight:normal; text-align:left">Strategic Income Fund<b>&#150;</b>Advisor Class</font><br/><br/><font style="Serif;color:#004f7c; font-size:14.0pt; font-style:normal; font-weight:bold; text-align:left">SUMMARY</font> <font style="Serif; color:#004f7c; font-family: font-size:12.0pt; font-style:normal; font-weight:bold; text-align:left"><i>Fees and Expenses of the Fund&#146;s Advisor Class</i></font><br/><br/><center><font style="Serif;color:#004f7c;font-size:10.0pt; font-style:normal; font-weight:bold;"><i>Annual fund operating expenses<br/>(expenses that you pay each year as a<br/>percentage of the value of your investment)</i></font></center> 99 <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">The bar chart showing calendar year returns and the average annual total returns table indicate risk by illustrating how much returns can differ from one year to the next and how fund performance compares with that of a comparable market index.</font> 2008-12-15 2008-12-15 2008-12-15 2008-12-31 <div style="display:none">~ http://www.troweprice.com/role/ScheduleAnnualFundOperatingExpensesTRowePriceStrategicIncomeFundInc column period compact * ~</div> 2008-12-15 <div style="display:none">~ http://www.troweprice.com/role/ScheduleAnnualFundOperatingExpensesTRowePriceStrategicIncomeFundIncAdvisorClass column period compact * ~</div> 485BPOS T. Rowe Price Strategic Income Fund, Inc. <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the fund.</font> -0.0012 <font style="Serif; color:#004f7c; font-size:13.0pt; font-style:normal; font-weight:bold; text-align:left">Investments, Risks, and Performance<br/><br/></font><font style="Serif;font-size:13.0pt; font-style:normal; font-weight:bold; text-align:left">Principal Investment Strategies </font> <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year the fund&#8217;s operating expenses remain the same, and the expense limitation currently in place is not renewed. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</font> 262 1 -800-225-5132 <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">This table describes the fees and expenses that you may pay if you buy and hold shares of the fund. </font> <font style="Serif; color:#004f7c; font-size:13.0pt; font-style:normal; font-weight:bold; text-align:left">Investments, Risks, and Performance<br/><br/></font><font style="Serif;font-size:13.0pt; font-style:normal; font-weight:bold; text-align:left">Principal Investment Strategies </font> <center><table><tr><td></td><td align="center"><b><i>Quarter<br/>Ended</i></b></td><td align="center"><b><i>Total<br/>Return</i></b></td></tr><tr><td><b>Best Quarter</b></td><td><b> 6/30/09</b></td><td> <b>9.71%</b></td></tr><tr><td><b>Worst Quarter</b></td> <td><b> 9/30/11</b></td><td> <b>-3.32%</b></td></tr></table><br/><font style="FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8pt; FONT-WEIGHT: normal">The fund&#8217;s return for the six months ended 6/30/12 was 4.91%.</font></center> <font style="color:#004f7c; font-family:Sans-Serif; font-size:8.0pt; font-style:italic; font-weight:bold;"><i> Average Annual Total Returns<br/><br/><center>Periods ended<br/>December 31, 2011</center></i></font> <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">After-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as a 401(k) account or individual retirement account.</font> 0.0193 -0.0055 <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal"> This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year, the fund&#146;s operating expenses remain the same, and the expense limitation currently in place is not renewed. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</font> 401 <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">1-800-638-8790</font> <center><table><tr><td></td><td align="center"><b><i>Quarter<br/>Ended</i></b></td><td align="center"><b><i>Total<br/>Return</i></b></td></tr><tr><td><b>Best Quarter</b></td><td><b> 6/30/09</b></td><td> <b>9.67%</b></td></tr><tr><td><b>Worst Quarter</b></td> <td><b> 9/30/11</b></td><td> <b>-3.37%</b></td></tr></table><br/><font style="FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8pt; FONT-WEIGHT: normal">The fund&#8217;s return for the six months ended 6/30/12 was 4.83%.</font></center> <font style="color:#004f7c; font-family:Sans-Serif; font-size:8.0pt; font-style:italic; font-weight:bold;"><i> Average Annual Total Returns<br/><br/><center>Periods ended<br/>December 31, 2011</center></i></font> <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">In addition, the average annual total returns table shows hypothetical after-tax returns to suggest how taxes paid by a shareholder may influence returns. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#146;s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as a 401(k) account or individual retirement account.</font> <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">After-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as a 401(k) account or individual retirement account.</font> 0.0178 0.0967 2008-12-15 2008-12-15 <div style="display:none">~ http://www.troweprice.com/role/ScheduleAnnualTotalReturnsT.RowePriceStrategicIncomeFund,Inc.BarChart column period compact * ~</div> <div style="display:none">~ http://www.troweprice.com/role/ScheduleAnnualTotalReturnsT.RowePriceStrategicIncomeFund,Inc.AdvisorClassBarChart column period compact * ~</div> 2008-12-31 <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">In addition, the average annual total returns table shows hypothetical after-tax returns to suggest how taxes paid by a shareholder may influence returns. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as a 401(k) account or individual retirement account.</font> 2012-09-27 0.0971 0001447346 false 2012-05-31 <font style="Serif;color:#004f7c;font-size:13.0pt; font-style:normal; font-weight:bold; text-align:left">Investment Objective</font> <font style="Serif;color:#004f7c; font-size:13.0pt; font-style:normal; font-weight:bold; text-align:left">Fees and Expenses</font> <font style="font-family:Sans-Serif; font-size:7.5pt; font-weight:normal">September 30, 2013</FONT> <font style="Serif;font-size:13.0pt; font-style:normal; font-weight:bold; text-align:left">Portfolio Turnover</font> 0 20 0 0.003 0.0094 <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal"> As with any mutual fund, there is no guarantee that the fund will achieve its objective. The fund&#8217;s share price fluctuates, which means you could lose money by investing in the fund. The principal risks of investing in this fund are summarized as follows: </font><br/><br/><font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal"><b><i>Active management risk</i></b> The fund is subject to the risk that the investment adviser&#8217;s judgments about the attractiveness, value, or potential appreciation of the fund&#8217;s investments may prove to be incorrect. If the securities selected and strategies employed by the fund fail to produce the intended results, the fund could underperform other funds with similar objectives and investment strategies.</font><br/><br/><font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal"><b><i>Interest rate risk </i></b> This is the risk that a rise in interest rates will cause the price of a fixed rate debt security to fall. Generally, securities with longer maturities and funds with longer weighted average maturities carry greater interest rate risk.</font><br/><br/><font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal"><b><i>Credit risk </i></b>This is the risk that an issuer of a debt security could suffer an adverse change in financial condition that results in a payment default, security downgrade, or inability to meet a financial obligation. The fund is exposed to greater credit risk than other bond funds because it may invest a significant portion of its assets in noninvestment-grade securities, which are issued by companies that are usually not as strong financially and carry a higher risk of default.</font><br/><br/><font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal"><b><i>Liquidity risk </i></b>This is the risk that the fund may not be able to sell a holding in a timely manner at a desired price.</font><br/><br/><font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal"><b><i>Convertible securities risk </i></b>To the extent the fund invests in convertible securities, it is subject to market risk, credit and interest rate risk, and other risks associated with both equity and fixed income securities, depending on the price of the underlying security and the conversion price. A convertible security may be called back by the issuer prior to maturity at a price that is disadvantageous to the fund. In addition, convertible securities are typically issued by smaller capitalized companies whose stock prices are more volatile than companies that have access to more conventional means of raising capital.</font><br/><br/><font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal"><b><i>Bank loan risk </i></b>To the extent the fund invests in bank loans, it is exposed to additional risks beyond those normally associated with more traditional debt securities. The fund&#8217;s ability to receive payments in connection with the loan depends primarily on the financial condition of the borrower. Even with secured loans, there is no assurance that the collateral securing the loan will be sufficient to satisfy the loan obligation. In addition, bank loans often have contractual restrictions on resale, which can delay the sale and adversely impact the sale price.</font><br/><br/><font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal"><b><i>Foreign investing risk </i></b>This is the risk that the fund&#8217;s investments in foreign securities may be adversely affected by political and economic conditions overseas, reduced liquidity, or decreases in foreign currency values relative to the U.S. dollar. These risks are heightened for the fund&#8217;s investments in emerging markets. To the extent the fund purchases and sells currencies, it is subject to the additional risk that its effort at hedging will not succeed.</font><br/><br/><font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal"><b><i>Prepayment risk and extension risk </i></b>Prepayment risk is the risk that the principal on mortgage-backed securities, other asset-backed securities or any debt security with an embedded call option may be prepaid at any time, which could reduce yield and market value. The rate of prepayments tends to increase as interest rates fall, which could cause the average maturity of the portfolio to shorten. Extension risk may result from a rise in interest rates, which tends to make mortgage-backed securities, asset-backed securities, and other callable debt securities more volatile.</font><br/><br/><font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal"><b><i>Derivatives risk </i></b>To the extent the fund uses forward currency exchange contracts, interest rate futures, and credit default swaps, it is exposed to additional volatility in comparison to investing directly in bonds and other debt securities. These instruments can be illiquid and difficult to value, may involve leverage so that small changes produce disproportionate losses for the fund, and instruments not traded on an exchange are subject to the risk that a counterparty to the transaction will fail to meet its obligations under the derivatives contract. The fund&#8217;s principal use of derivatives involves the risk that anticipated interest rate movements, changes in currency values and currency exchange rates, or the creditworthiness of an issuer will not be accurately predicted, which could significantly harm the fund&#8217;s performance.</font> <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">The fund&#8217;s past performance (before and after taxes) is not necessarily an indication of future performance.</font> <font style="Serif;color:#004f7c;font-size:13.0pt; font-style:normal; font-weight:bold; text-align:left">Investment Objective</font> <font style="Serif;color:#004f7c; font-size:13.0pt; font-style:normal; font-weight:bold; text-align:left">Fees and Expenses</font> <font style="Serif;font-size:13.0pt; font-style:normal; font-weight:bold; text-align:left">Portfolio Turnover</font> <center><font style="font-family:Sans-Serif; font-size:8.5pt; color:#339933; font-weight:bold">Strategic Income Fund</font></center><center><font style="font-family:Sans-Serif; font-size:8.5pt; font-weight:bold"><i>Calendar Year Returns</i></font></center> <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font> <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">Updated performance information is available through troweprice.com or may be obtained by calling 1-800-225-5132.</font> 0.1987 <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">The fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in income-producing securities or other income-producing instruments. The fund may invest in a variety of securities in an effort to enhance income and achieve some capital growth. The fund shifts its investments among the following sectors based on market conditions and the investment adviser&#146;s outlook: </font><br /><br /><font style="font-family:Symbol; font-size:7.0pt; font-weight:normal">&#183;</font><font style="font-family:Symbol; font-size:7.0pt; font-weight:normal"><font style="word-spacing:5.325pt"> </font></font><font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">Government and agency obligations of the U.S. and foreign countries (including emerging market countries);</font><br /><br /><font style="font-family:Symbol; font-size:7.0pt; font-weight:normal">&#183;</font><font style="font-family:Symbol; font-size:7.0pt; font-weight:normal"><font style="word-spacing:5.325pt"> </font></font><font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">Corporate bonds of issuers in the U.S. and foreign countries (including emerging market countries);</font><br /><br /><font style="font-family:Symbol; font-size:7.0pt; font-weight:normal">&#183;</font><font style="font-family:Symbol; font-size:7.0pt; font-weight:normal"><font style="word-spacing:5.325pt"> </font></font><font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">U.S. dollar and non-U.S. dollar-denominated debt securities of issuers located in foreign countries (including emerging market countries);</font><br /><br /><font style="font-family:Symbol; font-size:7.0pt; font-weight:normal">&#183;</font><font style="font-family:Symbol; font-size:7.0pt; font-weight:normal"><font style="word-spacing:5.325pt"> </font></font><font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">Mortgage-backed, commercial mortgage-backed, and asset-backed securities (including collateralized mortgage obligations); </font><br /><br /><font style="font-family:Symbol; font-size:7.0pt; font-weight:normal">&#183;</font><font style="font-family:Symbol; font-size:7.0pt; font-weight:normal"><font style="word-spacing:5.325pt"> </font></font><font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">Bank loans (including loan participations and assignments); </font><br /><br /><font style="font-family:Symbol; font-size:7.0pt; font-weight:normal">&#183;</font><font style="font-family:Symbol; font-size:7.0pt; font-weight:normal"><font style="word-spacing:5.325pt"> </font></font><font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">Convertible bonds and other convertible securities; and</font><br /><br /><font style="font-family:Symbol; font-size:7.0pt; font-weight:normal">&#183;</font><font style="font-family:Symbol; font-size:7.0pt; font-weight:normal"><font style="word-spacing:5.325pt"> </font></font><font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">Preferred stocks.</font><br /><br /><font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">Up to 50% of the fund&#146;s net assets can be invested in non-U.S. dollar-denominated foreign debt securities. The fund may hold non-U.S. currencies without holding any bonds or other income-producing securities denominated in those currencies. There is no limit on the fund&#146;s investments in U.S. dollar-denominated foreign debt securities. <br /><br />Up to 65% of the fund&#146;s net assets can be invested in securities and other holdings that are rated noninvestment-grade (BB and lower, or an equivalent rating). The noninvestment-grade portion of the fund&#146;s portfolio may consist of the following: noninvestment-grade corporate bonds (also called high yield or &#147;junk&#148; bonds) issued by companies in the U.S. and other developed market countries (not to exceed 40% of the fund&#146;s net assets); U.S. dollar-denominated debt securities in emerging markets (not to exceed 25% of the fund&#146;s net assets); non-U.S. dollar-denominated debt securities in emerging markets (not to exceed 20% of the fund&#146;s net assets); bank loans (not to exceed 25% of the fund&#146;s net assets); and convertible securities and preferred stocks (not to exceed 15% of the fund&#146;s net assets). Ratings will be determined, at the time of purchase, by at least one major credit rating agency or, if not so rated, a comparable rating by T. Rowe Price. If a security is split-rated (i.e., rated investment grade by at least one rating agency, but below investment grade by another rating agency), the higher rating will be used. Although there are no maturity restrictions, under normal conditions the fund's weighted average maturity is expected to be between 4 and 15 years.<br /><br />While most assets will typically be invested in bonds and other debt instruments, the fund also uses interest rate futures, forward currency exchange contracts, and credit default swaps in keeping with the fund&#146;s objectives. Interest rate futures would typically be used to manage the fund&#146;s exposure to interest rate changes or to adjust portfolio duration. Forward currency exchange contracts would be used to gain exposure to certain currencies expected to increase or decrease in value relative to other currencies or to protect the fund&#146;s foreign bond holdings from adverse currency movements relative to the U.S. dollar. Credit default swaps would be used to protect the value of certain portfolio holdings or to manage the fund&#146;s overall exposure to changes in credit quality.<br /><br />The fund may sell holdings for a variety of reasons, such as to adjust the portfolio&#146;s average maturity, duration, or credit quality or to shift assets into and out of higher-yielding or lower-yielding securities or different sectors.</font> 0.0025 0.0063 0.0152 <font style="font-family:Sans-Serif; font-size:7.5pt; font-weight:normal">September 30, 2013</font> <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">The fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in income-producing securities or other income-producing instruments. The fund may invest in a variety of securities in an effort to enhance income and achieve some capital growth. The fund shifts its investments among the following sectors based on market conditions and the investment adviser&#146;s outlook: </font><br /><br /><font style="font-family:Symbol; font-size:7.0pt; font-weight:normal">&#183;</font><font style="font-family:Symbol; font-size:7.0pt; font-weight:normal"><font style="word-spacing:5.325pt"> </font></font><font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">Government and agency obligations of the U.S. and foreign countries (including emerging market countries);</font><br /><br /><font style="font-family:Symbol; font-size:7.0pt; font-weight:normal">&#183;</font><font style="font-family:Symbol; font-size:7.0pt; font-weight:normal"><font style="word-spacing:5.325pt"> </font></font><font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">Corporate bonds of issuers in the U.S. and foreign countries (including emerging market countries);</font><br /><br /><font style="font-family:Symbol; font-size:7.0pt; font-weight:normal">&#183;</font><font style="font-family:Symbol; font-size:7.0pt; font-weight:normal"><font style="word-spacing:5.325pt"> </font></font><font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">U.S. dollar and non-U.S. dollar-denominated debt securities of issuers located in foreign countries (including emerging market countries);</font><br /><br /><font style="font-family:Symbol; font-size:7.0pt; font-weight:normal">&#183;</font><font style="font-family:Symbol; font-size:7.0pt; font-weight:normal"><font style="word-spacing:5.325pt"> </font></font><font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">Mortgage-backed, commercial mortgage-backed, and asset-backed securities (including collateralized mortgage obligations); </font><br /><br /><font style="font-family:Symbol; font-size:7.0pt; font-weight:normal">&#183;</font><font style="font-family:Symbol; font-size:7.0pt; font-weight:normal"><font style="word-spacing:5.325pt"> </font></font><font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">Bank loans (including loan participations and assignments); </font><br /><br /><font style="font-family:Symbol; font-size:7.0pt; font-weight:normal">&#183;</font><font style="font-family:Symbol; font-size:7.0pt; font-weight:normal"><font style="word-spacing:5.325pt"> </font></font><font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">Convertible bonds and other convertible securities; and</font><br /><br /><font style="font-family:Symbol; font-size:7.0pt; font-weight:normal">&#183;</font><font style="font-family:Symbol; font-size:7.0pt; font-weight:normal"><font style="word-spacing:5.325pt"> </font></font><font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">Preferred stocks.</font><br /><br /><font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">Up to 50% of the fund&#146;s net assets can be invested in non-U.S. dollar-denominated foreign debt securities. The fund may hold non-U.S. currencies without holding any bonds or other income-producing securities denominated in those currencies. There is no limit on the fund&#146;s investments in U.S. dollar-denominated foreign debt securities. <br /><br />Up to 65% of the fund&#146;s net assets can be invested in securities and other holdings that are rated noninvestment-grade (BB and lower, or an equivalent rating). The noninvestment-grade portion of the fund&#146;s portfolio may consist of the following: noninvestment-grade corporate bonds (also called high yield or &#147;junk&#148; bonds) issued by companies in the U.S. and other developed market countries (not to exceed 40% of the fund&#146;s net assets); U.S. dollar-denominated debt securities in emerging markets (not to exceed 25% of the fund&#146;s net assets); non-U.S. dollar-denominated debt securities in emerging markets (not to exceed 20% of the fund&#146;s net assets); bank loans (not to exceed 25% of the fund&#146;s net assets); and convertible securities and preferred stocks (not to exceed 15% of the fund&#146;s net assets). Ratings will be determined, at the time of purchase, by at least one major credit rating agency or, if not so rated, a comparable rating by T. Rowe Price. If a security is split-rated (i.e., rated investment grade by at least one rating agency, but below investment grade by another rating agency), the higher rating will be used. Although there are no maturity restrictions, under normal conditions the fund's weighted average maturity is expected to be between 4 and 15 years.<br /><br />While most assets will typically be invested in bonds and other debt instruments, the fund also uses interest rate futures, forward currency exchange contracts, and credit default swaps in keeping with the fund&#146;s objectives. Interest rate futures would typically be used to manage the fund&#146;s exposure to interest rate changes or to adjust portfolio duration. Forward currency exchange contracts would be used to gain exposure to certain currencies expected to increase or decrease in value relative to other currencies or to protect the fund&#146;s foreign bond holdings from adverse currency movements relative to the U.S. dollar. Credit default swaps would be used to protect the value of certain portfolio holdings or to manage the fund&#146;s overall exposure to changes in credit quality.<br /><br />The fund may sell holdings for a variety of reasons, such as to adjust the portfolio&#146;s average maturity, duration, or credit quality or to shift assets into and out of higher-yielding or lower-yielding securities or different sectors.</font> <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">As with any mutual fund, there is no guarantee that the fund will achieve its objective. The fund&#8217;s share price fluctuates, which means you could lose money by investing in the fund. The principal risks of investing in this fund are summarized as follows:<br/><br/><b><i>Active management risk</i></b> The fund is subject to the risk that the investment adviser&#8217;s judgments about the attractiveness, value, or potential appreciation of the fund&#8217;s investments may prove to be incorrect. If the securities selected and strategies employed by the fund fail to produce the intended results, the fund could underperform other funds with similar objectives and investment strategies.<br/><br/><b><i>Interest rate risk</i></b> This is the risk that a rise in interest rates will cause the price of a fixed rate debt security to fall. Generally, securities with longer maturities and funds with longer weighted average maturities carry greater interest rate risk.<br/><br/><b><i>Credit risk</i></b> This is the risk that an issuer of a debt security could suffer an adverse change in financial condition that results in a payment default, security downgrade, or inability to meet a financial obligation. The fund is exposed to greater credit risk than other bond funds because it may invest a significant portion of its assets in noninvestment-grade securities, which are issued by companies that are usually not as strong financially and carry a higher risk of default.<br/><br/><b><i>Liquidity risk</i></b> This is the risk that the fund may not be able to sell a holding in a timely manner at a desired price.<br/><br/><b><i>Convertible securities risk</i></b> To the extent the fund invests in convertible securities, it is subject to market risk, credit and interest rate risk, and other risks associated with both equity and fixed income securities, depending on the price of the underlying security and the conversion price. A convertible security may be called back by the issuer prior to maturity at a price that is disadvantageous to the fund. In addition, convertible securities are typically issued by smaller capitalized companies whose stock prices are more volatile than companies that have access to more conventional means of raising capital.<br/><br/><b><i>Bank loan risk </i></b> To the extent the fund invests in bank loans, it is exposed to additional risks beyond those normally associated with more traditional debt securities. The fund&#8217;s ability to receive payments in connection with the loan depends primarily on the financial condition of the borrower. Even with secured loans, there is no assurance that the collateral securing the loan will be sufficient to satisfy the loan obligation. In addition, bank loans often have contractual restrictions on resale, which can delay the sale and adversely impact the sale price.<br/><br/><b><i>Foreign investing risk </i></b> This is the risk that the fund&#8217;s investments in foreign securities may be adversely affected by political and economic conditions overseas, reduced liquidity, or decreases in foreign currency values relative to the U.S. dollar. These risks are heightened for the fund&#8217;s investments in emerging markets. To the extent the fund purchases and sells currencies, it is subject to the additional risk that its effort at hedging will not succeed.<br/><br/><b><i>Prepayment risk and extension risk </i></b> Prepayment risk is the risk that the principal on mortgage-backed securities, other asset-backed securities or any debt security with an embedded call option may be prepaid at any time, which could reduce yield and market value. The rate of prepayments tends to increase as interest rates fall, which could cause the average maturity of the portfolio to shorten. Extension risk may result from a rise in interest rates, which tends to make mortgage-backed securities, asset-backed securities, and other callable debt securities more volatile.<br/><br/><b><i>Derivatives risk</i></b> To the extent the fund uses forward currency exchange contracts, interest rate futures, and credit default swaps, it is exposed to additional volatility in comparison to investing directly in bonds and other debt securities. These instruments can be illiquid and difficult to value, may involve leverage so that small changes produce disproportionate losses for the fund, and instruments not traded on an exchange are subject to the risk that a counterparty to the transaction will fail to meet its obligations under the derivatives contract. The fund&#8217;s principal use of derivatives involves the risk that anticipated interest rate movements, changes in currency values and currency exchange rates, or the creditworthiness of an issuer will not be accurately predicted, which could significantly harm the fund&#8217;s performance.</font> <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal"> The fund&#8217;s share price fluctuates, which means you could lose money by investing in the fund.</font> <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">The fund&#146;s past performance (before and after taxes) is not necessarily an indication of future performance.</font> 0.0193 0.0147 0.0525 0.0368 0.1151 0.0851 0.0906 0.0711 0.0869 <center><font style="font-family:Sans-Serif; font-size:8.5pt; color:#339933; font-weight:bold">Strategic Income Fund&#151;Advisor Class</font></center><center><font style="font-family:Sans-Serif; font-size:8.5pt; font-weight:bold"><i>Calendar Year Returns</i></font></center> <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font> <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">Updated performance information is available through troweprice.com or may be obtained by calling 1-800-638-8790.</font> 0.1969 2009-06-30 <b>Worst Quarter</b> 2011-09-30 0.0178 -0.004 0.0137 0.0525 0.0368 0.1134 0.0895 0.084 0.0711 0.0869 <div style="display:none">~ http://www.troweprice.com/role/ScheduleAverageAnnualTotalReturnsTransposedTRowePriceStrategicIncomeFundInc column period compact * ~</div> <div style="display:none">~ http://www.troweprice.com/role/ScheduleAverageAnnualTotalReturnsTransposedTRowePriceStrategicIncomeFundIncAdvisorClass column period compact * ~</div> 2012-10-01 <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">The fund&#146;s share price fluctuates, which means you could lose money by investing in the fund.</font> 2009-06-30 2011-09-30 <b>Worst Quarter</b> -0.003 <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal"> The fund seeks to provide high income and some capital appreciation.</font> 0 0.005 0.0014 0.0082 0.944 <font style="Serif;font-size:13.0pt; font-style:normal; font-weight:bold; text-align:left">Principal Risks</font> <font style="Serif;font-size:13.0pt; font-style:normal; font-weight:bold; text-align:left">Performance </font> <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">The bar chart showing calendar year returns and the average annual total returns table indicate risk by illustrating how much returns can differ from one year to the next and how fund performance compares with that of a comparable market index. The fund&#8217;s past performance (before and after taxes) is not necessarily an indication of future performance.</font><br/><br/><font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">The fund can also experience short-term performance swings, as shown by the best and worst calendar quarter returns during the years depicted.</font> 1014 <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">The fund seeks to provide high income and some capital appreciation.</font> 0.1042 0.944 0.005 0.0014 0.0097 <font style="Serif;font-size:13.0pt; font-style:normal; font-weight:bold; text-align:left">Principal Risks</font> 1643 <font style="Serif;font-size:13.0pt; font-style:normal; font-weight:bold; text-align:left">Performance</font> <font style="font-family:Sans-Serif; font-size:9.5pt; font-weight:normal">The bar chart showing calendar year returns and the average annual total returns table indicate risk by illustrating how much returns can differ from one year to the next and how fund performance compares with that of a comparable market index. The fund&#146;s past performance (before and after taxes) is not necessarily an indication of future performance.<br/><br/>The fund can also experience short-term performance swings, as shown by the best and worst calendar quarter returns during the years depicted.</font> 0.1025 <b>Best Quarter</b> -0.0337 The fund&#8217;s return for the six months ended <div style="display:none">~ http://www.troweprice.com/role/ScheduleExpenseExampleTransposedTRowePriceStrategicIncomeFundInc column period compact * ~</div> <div style="display:none">~ http://www.troweprice.com/role/ScheduleExpenseExampleTransposedTRowePriceStrategicIncomeFundIncAdvisorClass column period compact * ~</div> 2012-10-01 -0.0332 The fund's return for the six months ended <b>Best Quarter</b> Subject to certain exceptions, accounts with a balance of less than $10,000 are charged an annual $20 fee. T. Rowe Price Associates, Inc. is required to permanently waive a portion of its management fee charged to the fund in an amount sufficient to fully offset any acquired fund fees and expenses related to investments in other T. Rowe Price mutual funds. The amount of the waiver will vary each fiscal year in proportion to the amount invested in other T. Rowe Price mutual funds. The T. Rowe Price funds would be required to seek regulatory approval in order to terminate this arrangement. T. Rowe Price Associates, Inc. has agreed (through September 30, 2013) to waive its fees and/or bear any expenses (excluding interest, taxes, brokerage, extraordinary expenses, and acquired fund fees) that would cause the fund's ratio of expenses to average net assets to exceed 0.80%. Termination of the agreement would require approval by the fund's Board of Directors. Fees waived and expenses paid under this agreement are subject to reimbursement to T. Rowe Price Associates, Inc. by the fund whenever the fund's expense ratio is below 0.80%. However, no reimbursement will be made more than three years after the waiver or payment, or if it would result in the expense ratio exceeding 0.80% (excluding interest, taxes, brokerage, extraordinary expenses, and acquired fund fees). T. Rowe Price Associates, Inc. has agreed (through September 30, 2013) to waive its fees and/or bear any expenses (excluding interest, taxes, brokerage, extraordinary expenses, and acquired fund fees) that would cause the class's ratio of expenses to average net assets to exceed 0.95%. Termination of the agreement would require approval by the fund's Board of Directors. Fees waived and expenses paid under this agreement are subject to reimbursement to T. Rowe Price Associates, Inc. by the fund whenever the class's expense ratio is below 0.95%. 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