# T. Rowe Price Dynamic Credit (RPIDX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/rpidx 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: 2019-01-14 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. ## Key Facts | Metric | Value | |---|---| | Price | $8.13 | | Expense Ratio | 0.63% | | Assets Under Management | $1.39B | | NAV | $8.13 | | Holdings Count | — | | Distribution Yield (TTM) | 8.71% | | Annual Distribution (TTM) | $0.71 /share | | Distribution Frequency | Monthly | | 52-Week Range | $8.10 – $8.90 | | Beta | -0.08 | ## Latest Distribution - Amount: $0.0594 /share - Ex-date: 2026-09-29 - Pay date: 2026-09-30 ## Frequently Asked Questions ### 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. ### Does RPIDX pay a dividend? Yes, T. Rowe Price Dynamic Credit (RPIDX) distributes dividends to shareholders. The trailing-twelve-month yield is 8.71%. Full dividend history is on this page. ### How often does RPIDX pay dividends? T. Rowe Price Dynamic Credit pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is RPIDX's next ex-dividend date? The most recently announced ex-dividend date for RPIDX 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 RPIDX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.63% 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 RPIDX charge its expense ratio? The expense ratio is deducted in tiny daily slices from RPIDX'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 RPIDX cost more than a fund like VOO? RPIDX is actively managed (current expense ratio 0.63%). 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 RPIDX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to RPIDX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as RPIDX (0.63%) 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/rpidx - Distribution history: https://www.dividenddata.com/funds/rpidx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/rpidx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/rpidx/expenses - Peer comparison: https://www.dividenddata.com/funds/rpidx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.