T. Rowe Price Dynamic Credit Composite (S:0P0001MNJ8)
12.17
+0.01
(+0.09%)
USD |
Mar 31 2024
Returns Chart
Sep '18
Jan '19
May '19
285.00
270.00
255.00
240.00
Key Stats
| Maximum Management Fee | Annualized Total Returns Since Inception (Daily) | Alpha (vs Category) (3Y) | Forecasted Dividend Yield |
|---|---|---|---|
| Upgrade | Upgrade | Upgrade | Upgrade |
| Total Market Value (Net) | Beta (vs Category) (3Y) | Max Drawdown (Since Inception) | Fwd Dividend Yield (Long) |
| Upgrade | Upgrade | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| We view this strategy as an advanced multi-asset credit approach, characterized by a more defensive, absolute return mindset. Our investment objective is to seek high yield-like returns with investment-grade-like volatility. |
| General | |
| Security Type | Separately Managed Account |
| Equity Style | Mid Cap/Blend |
| Fixed Income Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Category Name | Nontraditional Bond |
| Category Index | ICE BofA USD 3M Dep OR CM TR USD |
| Global Category Name | US Fixed Income |
| YCharts Categorization | US Fixed Income |
| YCharts Benchmark | Bloomberg US Aggregate (^BBUSATR) |
| Fund Owner Firm Name | T. Rowe Price |
| Prospectus Benchmark Index | |
| 3 Month LIBOR | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
| Manager Tenure | |
| Saurabh Sud | 5.25 yrs |
Annual Total Returns Versus Peers
As of March 31, 2024.
Asset Allocation
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
United States Treasury Bills 5%
|
9.68% | -- | -- |
|
Tenneco Inc. 8%
|
2.37% | -- | -- |
|
Fi Trs Pay Aapl 4.1 62 09/20/24 Offset - 2024-09-20
|
2.15% | -- | -- |
|
Asurion - 2028-08-19
|
2.11% | -- | -- |
|
VMED O2 UK Financing I PLC 8%
|
2.02% | -- | -- |
|
Neptune BidCo US Inc. 9%
|
1.86% | -- | -- |
|
LifePoint Health, Inc 11%
|
1.72% | -- | -- |
|
Navient Corporation 12%
|
1.71% | -- | -- |
|
Golden Goose SpA 9%
|
1.69% | -- | -- |
|
Kosmos Energy Ltd 7%
|
1.66% | -- | -- |
Fees & Availability
| Fees | |
| Negotiable Fee | No |
| Administrative Fee | -- |
| Maximum Management Fee | Upgrade |
| Prospectus Custodian Fee | -- |
| Trustee Fee | -- |
| Purchase Details | |
| Open to New Investors |
|
| Open to Existing Investors |
|
| Minimum Initial Investment | -- |
| Minimum Subsequent Investment | -- |
Basic Info
| Investment Strategy | |
| We view this strategy as an advanced multi-asset credit approach, characterized by a more defensive, absolute return mindset. Our investment objective is to seek high yield-like returns with investment-grade-like volatility. |
| General | |
| Security Type | Separately Managed Account |
| Equity Style | Mid Cap/Blend |
| Fixed Income Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Category Name | Nontraditional Bond |
| Category Index | ICE BofA USD 3M Dep OR CM TR USD |
| Global Category Name | US Fixed Income |
| YCharts Categorization | US Fixed Income |
| YCharts Benchmark | Bloomberg US Aggregate (^BBUSATR) |
| Fund Owner Firm Name | T. Rowe Price |
| Prospectus Benchmark Index | |
| 3 Month LIBOR | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
| Manager Tenure | |
| Saurabh Sud | 5.25 yrs |
Fundamentals
Fund Details
| Key Dates | |
| Inception Date | 1/31/2019 |
| Last Annual Report Date | 12/31/2023 |
| Last Prospectus Date | -- |
| Attributes | |
| Index Fund | No |
| Inverse Fund | No |
| Leveraged Fund | No |
| Fund of Funds | No |
| Currency Hedged Fund | No |
| Synthetic Replication Fund | No |
| Has Dividend Investment Plan | No |
| Socially Responsible Fund | No |