T Rowe Price Dynamic Credit Fund (RPIDX)
8.09
-0.01
(-0.12%)
USD |
Nov 02 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.63% | 1.355B | -- | 130.0% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 159.35M | -1.51% |
Basic Info
| Investment Strategy | |
| The Fund seeks total return through a combination of income and capital appreciation. The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in credit instruments and derivative instruments that are linked to, or provide investment exposure to, credit instruments. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Alternative Strategies |
| Global Peer Group | Alternative Credit Focus |
| Peer Group | Alternative Credit Focus Funds |
| Global Macro | Alternative Bond |
| US Macro | Alternative Bond Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Alternative Credit Focus Funds |
| Fund Owner Firm Name | T. Rowe Price |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
78
-71.57M
Peer Group Low
501.78M
Peer Group High
1 Year
% Rank:
25
159.35M
-807.19M
Peer Group Low
4.605B
Peer Group High
3 Months
% Rank:
83
-254.11M
Peer Group Low
1.474B
Peer Group High
3 Years
% Rank:
25
-863.63M
Peer Group Low
7.119B
Peer Group High
6 Months
% Rank:
25
-327.94M
Peer Group Low
2.287B
Peer Group High
5 Years
% Rank:
10
-2.506B
Peer Group Low
4.226B
Peer Group High
YTD
% Rank:
22
-651.10M
Peer Group Low
4.251B
Peer Group High
10 Years
% Rank:
--
-7.429B
Peer Group Low
10.93B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of November 03, 2026.
Asset Allocation
As of September 30, 2026.
| Type | % Net |
|---|---|
| Cash | 3.31% |
| Stock | 1.31% |
| Bond | 94.88% |
| Convertible | 0.00% |
| Preferred | 1.40% |
| Other | -0.90% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
Federal National Mortgage Association 6% 01-OCT-2056
|
6.02% | -- | -- |
| United States of America USGB 0.0 12/03/2026 FIX USD Government | 4.12% | 99.68 | 0.01% |
|
Federal National Mortgage Association 6.5% 01-OCT-2056
|
3.31% | -- | -- |
| T Rowe Price Government Money Fund | 2.99% | 1.00 | 0.00% |
|
Federal National Mortgage Association 5.5% 01-OCT-2056
|
2.51% | -- | -- |
| SOPAIPILLA INVESTOR, LLC SOPAINV 7.534 11/30/2048 FIX USD Corporate 144A | 1.99% | 99.04 | -0.72% |
| United States of America USGB 2.375 02/15/2056 FIX USD Government | 1.95% | 86.64 | 0.23% |
| CCO Holdings, LLC CHTR-CCOH 7.375 02/01/2036 FIX USD Corporate 144A | 1.64% | 87.78 | 0.84% |
| QTS FAYETTEVILLE I DC1-2, LLC QTSFA 5.7 04/15/2036 FIX USD Corporate 144A | 1.59% | 87.77 | 0.06% |
| BEIGNET INVESTOR LLC BEIGINV 6.581 05/30/2049 FIX USD Corporate 144A | 1.57% | 92.30 | 0.12% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.38% |
| Administration Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | -- |
| Available for RRSP | -- |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 2500.00 None |
| Minimum Subsequent Investment | 100.00 None |
TTM Distributions
| Type | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of October 31, 2026.
Basic Info
| Investment Strategy | |
| The Fund seeks total return through a combination of income and capital appreciation. The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in credit instruments and derivative instruments that are linked to, or provide investment exposure to, credit instruments. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Alternative Strategies |
| Global Peer Group | Alternative Credit Focus |
| Peer Group | Alternative Credit Focus Funds |
| Global Macro | Alternative Bond |
| US Macro | Alternative Bond Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Alternative Credit Focus Funds |
| Fund Owner Firm Name | T. Rowe Price |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (11-2-26) | 8.02% |
| 30-Day SEC Yield (9-30-26) | 7.73% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 335 |
| Bond | |
| Yield to Maturity (9-30-26) | 7.58% |
| Effective Duration | 3.67 |
| Average Coupon | 7.56% |
| Calculated Average Quality | 4.673 |
| Effective Maturity | 10.72 |
| Nominal Maturity | 10.88 |
| Number of Bond Holdings | 206 |
As of September 30, 2026
Fund Details
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:RPIDX", "name") |
| Broad Asset Class: =YCI("M:RPIDX", "broad_asset_class") |
| Broad Category: =YCI("M:RPIDX", "broad_category_group") |
| Prospectus Objective: =YCI("M:RPIDX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |