T Rowe Price Dynamic Credit Fund Class Z Shares (TRCDX)
8.83
+0.01
(+0.11%)
USD |
Jan 30 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.00% | 1.199B | -- | 179.0% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 93.75M | 7.20% |
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:
23
-71.23M
Peer Group Low
594.03M
Peer Group High
1 Year
% Rank:
31
93.75M
-802.06M
Peer Group Low
2.183B
Peer Group High
3 Months
% Rank:
84
-227.32M
Peer Group Low
949.97M
Peer Group High
3 Years
% Rank:
9
-748.12M
Peer Group Low
2.302B
Peer Group High
6 Months
% Rank:
83
-551.98M
Peer Group Low
1.479B
Peer Group High
5 Years
% Rank:
14
-1.881B
Peer Group Low
4.482B
Peer Group High
YTD
% Rank:
24
-71.23M
Peer Group Low
594.03M
Peer Group High
10 Years
% Rank:
18
-14.47B
Peer Group Low
5.075B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of February 01, 2026.
Asset Allocation
As of December 31, 2025.
| Type | % Net |
|---|---|
| Cash | 3.34% |
| Stock | 0.69% |
| Bond | 96.65% |
| Convertible | 0.00% |
| Preferred | 1.23% |
| Other | -1.90% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
iShares iBoxx $ Inv Grade Corporate Bond ETF TRS
|
7.12% | -- | -- |
| United States of America USGB 0.0 01/29/2026 FIX USD Government | 6.98% | -- | -- |
|
USD Cash
|
2.37% | -- | -- |
| BEIGNET INVESTOR LLC BEIGINV 6.581 05/30/2049 FIX USD Corporate 144A | 2.04% | -- | -- |
| PUERTO RICO COMWLTH PR 0.000 11/01/2043 | 1.93% | 65.50 | 0.00% |
| T Rowe Price Government Money Fund | 1.88% | 1.00 | 0.00% |
| Diamondback Energy, Inc. DIAMENE 5.75 04/18/2054 FIX USD Corporate | 1.86% | 95.69 | -0.22% |
| DIRECTV FINANCING, LLC DIRFIN 10.0 02/15/2031 FIX USD Corporate 144A | 1.75% | 103.09 | -0.06% |
| Molina Healthcare, Inc. MOLI 6.5 02/15/2031 FIX USD Corporate 144A | 1.43% | -- | -- |
|
Autokiniton US Holdings Inc 06-APR-2030 Term Loan B
|
1.41% | -- | -- |
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 |
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 (1-30-26) | 8.01% |
| 30-Day SEC Yield (10-31-25) | 7.48% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 261 |
| Bond | |
| Yield to Maturity (12-31-25) | 7.12% |
| Effective Duration | 4.23 |
| Average Coupon | 8.34% |
| Calculated Average Quality | 5.340 |
| Effective Maturity | 8.341 |
| Nominal Maturity | 8.552 |
| Number of Bond Holdings | 188 |
As of December 31, 2025
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. |