T. Rowe Price Dynamic Credit

Frequently Asked Questions About RPIDX

What does RPIDX invest in?

The fund primarily focuses its investments, committing at least 80% of its net assets, to instruments that are credit-based or derivatives offering exposure to credit. It possesses the latitude to acquire debt instruments spanning all credit quality tiers, including an unlimited allocation to high-yield bonds. Furthermore, a maximum of 10% of its total net assets may be dedicated to equity securities, employing both long and short positions.

What is the expense ratio of RPIDX?

T. Rowe Price Dynamic Credit (RPIDX) charges an expense ratio of 0.63%. This is the annual fee deducted from fund assets to cover management and operations.

What is RPIDX's dividend yield?

RPIDX's trailing-twelve-month yield is 8.71%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of RPIDX?

Effective duration measures RPIDX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. RPIDX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of RPIDX?

RPIDX'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 RPIDX?

Yield to maturity (YTM) is the total return you'd earn from RPIDX if every bond in the portfolio is held to maturity at the current price. RPIDX'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.