# T. Rowe Price Corporate Income (PRPIX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/prpix 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: Equity - Strategy: Actively Managed · Inception: 1995-10-31 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. ## Key Facts | Metric | Value | |---|---| | Price | $7.69 | | Expense Ratio | 0.59% | | Assets Under Management | $736.7M | | NAV | $7.69 | | Holdings Count | — | | Distribution Yield (TTM) | 5.33% | | Annual Distribution (TTM) | $0.41 /share | | Distribution Frequency | Monthly | | 52-Week Range | $7.58 – $8.22 | | Beta | 1.12 | ## Latest Distribution - Amount: $0.0320 /share - Ex-date: 2026-09-29 - Pay date: 2026-09-30 ## Frequently Asked Questions ### 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 5.33%, 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 $736.7M 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. ### Does PRPIX pay a dividend? Yes, T. Rowe Price Corporate Income (PRPIX) distributes dividends to shareholders. The trailing-twelve-month yield is 5.33%. Full dividend history is on this page. ### How often does PRPIX pay dividends? T. Rowe Price Corporate Income pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is PRPIX's next ex-dividend date? The most recently announced ex-dividend date for PRPIX 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 PRPIX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.59% 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 PRPIX charge its expense ratio? The expense ratio is deducted in tiny daily slices from PRPIX'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 PRPIX cost more than a fund like VOO? PRPIX is actively managed (current expense ratio 0.59%). 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 PRPIX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PRPIX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PRPIX (0.59%) 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/prpix - Distribution history: https://www.dividenddata.com/funds/prpix/dividend - Holdings & diversification: https://www.dividenddata.com/funds/prpix/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/prpix/expenses - Peer comparison: https://www.dividenddata.com/funds/prpix/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.