T. Rowe Price Credit Opportunities Fund, Inc. (PRCPX)

Fund Assets	400.87M
Expense Ratio	0.81%
Min. Investment	$500,000
Turnover	36.90%
Dividend (ttm)	0.55
Dividend Yield	6.92%
Dividend Growth	-1.85%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	7.95
YTD Return	1.18%
1-Year Return	4.17%
5-Year Return	20.58%
52-Week Low	7.89
52-Week High	8.13
Beta (5Y)	0.43
Holdings	308
Inception Date	Apr 29, 2014

About PRCPX

T. Rowe Price Credit Opportunities Fund, Inc. is a mutual fund designed to pursue a combination of long-term capital appreciation and high income through a high-conviction, concentrated portfolio of below-investment-grade securities. It normally invests at least 80% of its assets in high-yield corporate bonds and securities, including up to 50% in floating-rate bank loans, with opportunistic exposure to select special credit situations based on rigorous fundamental research. Notable features include a focus on downside protection and risk-adjusted returns, an effective duration of about 2.74 years, and diversification across approximately 183 issuers, primarily in North America. The fund emphasizes credit quality ratings from BB to CCC and below, exposing it to heightened volatility, interest rate sensitivity, and credit risks associated with junk bonds and bank loans. Managed by experienced professionals like Rodney Rayburn since 2014, it targets aggressive, risk-tolerant investors seeking elevated income potential alongside moderate growth, positioning it as a specialized option within the high-yield bond category.

• Fund Family: T. Rowe Price
• Category: High Yield Bond
• Performance Rating: High
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: PRCPX
• Index: Bloomberg US High Yield 2% Issuer Cap TR

Performance

PRCPX had a total return of 4.17% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.93%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
TCRRX	T. Rowe Price Credit Opportunities Fund-i Class	0.56%
PAOPX	T. Rowe Price Credit Opportunities Fund-advisor Class	0.91%

Top 10 Holdings

15.61% of assets

Name	Symbol	Weight
T. Rowe Price Gov. Reserve	TRPGRIA	2.88%
Vistra Corp 8.875%	VST.V8.875 PERP C	2.44%
EchoStar Corp. 10.75%	ECHO.10.75 11.30.29 .	1.84%
Venture Global LNG Inc. 9%	VENLNG.V9 PERP 144a	1.36%
Hilcorp Energy I L.P/Hilcorp Finance Co 8.375%	HILCRP.8.375 11.01.33 144A	1.32%
LifePoint Health, Inc 10%	RGCARE.10 06.01.32 144A	1.22%
Hopper Merger Sub	n/a	1.22%
Rivian Holdings Llc / Rivian Llc / Rivian Automotive Llc 10%	RIVHOL.10 01.15.31 144A	1.18%
Service Properties Trust 8.625%	SVC.8.625 11.15.31 144A	1.12%
Asurion	ASUCOR.L 01.22.29 6	1.04%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.04825	Jul 31, 2026
Jun 30, 2026	$0.04433	Jun 30, 2026
May 29, 2026	$0.04594	May 29, 2026
Apr 30, 2026	$0.04568	Apr 30, 2026
Mar 31, 2026	$0.04469	Mar 31, 2026
Feb 27, 2026	$0.03946	Feb 27, 2026

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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