About RPIDX
T. Rowe Price Dynamic Credit Fund is a mutual fund that seeks total return through a combination of income and capital appreciation. It operates as a liquid credit alternative strategy within the multi-asset credit universe, investing primarily in a diversified portfolio of global credit instruments, including high yield, emerging markets, securitized, investment grade, and convertible debt. The fund employs a flexible, cross-sector approach with high-conviction security selection sourced from T. Rowe Price's global multi-sector research platform, incorporating ESG analysis. It actively manages portfolio volatility through hedging, short positions, and duration control, targeting lower beta exposure to high yield and equities while harvesting dislocated credit risk premia. The portfolio maintains a long bias in credit with diversification across regions like North America, Latin America, and Europe, and various credit qualities from investment grade to sub-investment grade. This strategy aims to provide diversification and resilience in varying market environments, including periods of market stress or rising rates, without benchmark constraints.
Fund Family T. Rowe Price
Category Nontraditional Bond
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol RPIDX
Index ICE BofA US 3-Month T Bill TR IX
RPIDX had a total return of 2.39% in the past year, including dividends.
Since the fund's inception, the average annual return has been 4.19%.
