T Rowe Price Dynamic Credit Fund Class Z Shares (TRCDX)
8.09
-0.02
(-0.25%)
USD |
Oct 23 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.00% | 1.352B | -- | 130.0% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 162.09M | -0.35% |
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:
89
-125.14M
Peer Group Low
493.34M
Peer Group High
1 Year
% Rank:
26
162.09M
-896.64M
Peer Group Low
4.345B
Peer Group High
3 Months
% Rank:
96
-229.54M
Peer Group Low
1.662B
Peer Group High
3 Years
% Rank:
15
-856.10M
Peer Group Low
7.243B
Peer Group High
6 Months
% Rank:
22
-393.58M
Peer Group Low
2.663B
Peer Group High
5 Years
% Rank:
10
-2.281B
Peer Group Low
3.724B
Peer Group High
YTD
% Rank:
22
-579.63M
Peer Group Low
3.987B
Peer Group High
10 Years
% Rank:
--
-7.792B
Peer Group Low
10.43B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of October 26, 2026.
Asset Allocation
As of June 30, 2026.
| Type | % Net |
|---|---|
| Cash | 4.37% |
| Stock | 1.62% |
| Bond | 93.10% |
| Convertible | 0.00% |
| Preferred | 1.15% |
| Other | -0.23% |
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% | 99.58 | 0.03% |
|
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% | 98.70 | -0.60% |
| United States of America USGB 2.375 02/15/2056 FIX USD Government | 1.95% | 86.20 | -0.60% |
| CCO Holdings, LLC CHTR-CCOH 7.375 02/01/2036 FIX USD Corporate 144A | 1.64% | 87.61 | -0.14% |
| QTS FAYETTEVILLE I DC1-2, LLC QTSFA 5.7 04/15/2036 FIX USD Corporate 144A | 1.59% | 87.18 | -0.50% |
| BEIGNET INVESTOR LLC BEIGINV 6.581 05/30/2049 FIX USD Corporate 144A | 1.57% | 91.10 | -0.82% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.00% |
| Administration Fee | -- |
| Maximum Front Load | 0.00% |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | 0.00% |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 0.00 None |
| Minimum Subsequent Investment | 0.00 None |
TTM Distributions
| Type | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of September 30, 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 (10-23-26) | 8.49% |
| 30-Day SEC Yield (9-30-26) | 8.38% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 335 |
| Bond | |
| Yield to Maturity (6-30-26) | 6.65% |
| Effective Duration | 2.69 |
| Average Coupon | 7.65% |
| Calculated Average Quality | 4.629 |
| Effective Maturity | 10.22 |
| Nominal Maturity | 10.40 |
| Number of Bond Holdings | 206 |
As of June 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:TRCDX", "name") |
| Broad Asset Class: =YCI("M:TRCDX", "broad_asset_class") |
| Broad Category: =YCI("M:TRCDX", "broad_category_group") |
| Prospectus Objective: =YCI("M:TRCDX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |