T. Rowe Price Corporate Income

Frequently Asked Questions About PRPIX

What does PRPIX invest in?

The T. Rowe Price Corporate Income fund primarily allocates a substantial portion—at least 80% of its total assets (including any capital obtained through borrowing)—into corporate debt instruments. While its portfolio is predominantly composed of investment-grade fixed-income securities, it maintains the flexibility to incorporate a limited allocation of lower-rated bonds, often referred to as high-yield or 'junk' bonds. Beyond corporate debt, the fund is also permitted to invest in other security types, strategically aiming to enhance income generation and foster capital appreciation.

What is the expense ratio of PRPIX?

T. Rowe Price Corporate Income (PRPIX) charges an expense ratio of 0.59%. This is the annual fee deducted from fund assets to cover management and operations.

What is PRPIX's dividend yield?

PRPIX's trailing-twelve-month yield is 5.15%, calculated from the sum of dividends over the past year divided by the current price.

How big is PRPIX?

T. Rowe Price Corporate Income (PRPIX) manages $756.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is PRPIX actively managed or an index fund?

PRPIX is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PRPIX's is 0.59%) in exchange for the discretion to over- or under-weight positions.

When was PRPIX launched?

T. Rowe Price Corporate Income (PRPIX) launched in October 1995 and is managed by T. Rowe Price.