- What does PRCPX invest in?
- The T. Rowe Price Credit Opportunities Fund, Inc. aims to achieve a dual objective: generating both substantial long-term capital growth and significant income. To accomplish this, the fund ordinarily allocates at least 80% of its total net assets (including any capital acquired through borrowing for investment purposes) to debt-related instruments or financial derivatives that provide exposure to such credit assets. Its typical holdings in credit instruments span a range including bonds issued by corporations and governments, syndicated bank loans, hybrid convertible securities, preference shares, and various securitized products. These securitized products are financial vehicles that derive their value from pools of underlying assets, such as mortgages, consumer loans, or other outstanding receivables.
- What is the expense ratio of PRCPX?
- T. Rowe Price Credit Opportunities Fund, Inc. (PRCPX) charges an expense ratio of 0.81%. This is the annual fee deducted from fund assets to cover management and operations.
- What is PRCPX's dividend yield?
- PRCPX's trailing-twelve-month yield is 7.60%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of PRCPX?
- Effective duration measures PRCPX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PRCPX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of PRCPX?
- PRCPX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of PRCPX?
- Yield to maturity (YTM) is the total return you'd earn from PRCPX if every bond in the portfolio is held to maturity at the current price. PRCPX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
