# T. Rowe Price Credit Opportunities Fund, Inc. (PRCPX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/prcpx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: T. Rowe Price · Asset class: Bond - Strategy: Actively Managed · Inception: 2014-05-01 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... ## Key Facts | Metric | Value | |---|---| | Price | $7.71 | | Expense Ratio | 0.81% | | Assets Under Management | $403.6M | | NAV | $7.71 | | Holdings Count | — | | Distribution Yield (TTM) | 7.60% | | Annual Distribution (TTM) | $0.59 /share | | Distribution Frequency | Monthly | | 52-Week Range | $7.66 – $8.11 | | Beta | 0.52 | ## Latest Distribution - Amount: $0.0439 /share - Ex-date: 2026-09-29 - Pay date: 2026-09-30 ## Frequently Asked Questions ### 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. ### Does PRCPX pay a dividend? Yes, T. Rowe Price Credit Opportunities Fund, Inc. (PRCPX) distributes dividends to shareholders. The trailing-twelve-month yield is 7.60%. Full dividend history is on this page. ### How often does PRCPX pay dividends? T. Rowe Price Credit Opportunities Fund, Inc. pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is PRCPX's next ex-dividend date? The most recently announced ex-dividend date for PRCPX was 2026-09-29. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will PRCPX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.81% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PRCPX charge its expense ratio? The expense ratio is deducted in tiny daily slices from PRCPX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PRCPX cost more than a fund like VOO? PRCPX is actively managed (current expense ratio 0.81%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether PRCPX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PRCPX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PRCPX (0.81%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/prcpx - Distribution history: https://www.dividenddata.com/funds/prcpx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/prcpx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/prcpx/expenses - Peer comparison: https://www.dividenddata.com/funds/prcpx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.