T. Rowe Price Institutional Long Duration Credit Fund (RPLCX)
| Fund Assets | 209.42M |
| Expense Ratio | 0.45% |
| Min. Investment | $1,000,000 |
| Turnover | 59.30% |
| Dividend (ttm) | 0.42 |
| Dividend Yield | 5.56% |
| Dividend Growth | 2.96% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 7.47 |
| YTD Return | 0.91% |
| 1-Year Return | 0.59% |
| 5-Year Return | -19.70% |
| 52-Week Low | 7.14 |
| 52-Week High | 8.16 |
| Beta (5Y) | 0.56 |
| Holdings | 435 |
| Inception Date | Jun 3, 2013 |
About RPLCX
T. Rowe Price Institutional Long Duration Credit Fund is an open-end mutual fund that primarily targets high income through investments in a diversified portfolio of long-duration debt securities. Managed by T. Rowe Price, the fund focuses on investment-grade bonds issued by corporations and select non-corporate issuers, although it may also allocate up to 15% of assets to higher-quality below investment-grade bonds. The fund maintains a duration that closely tracks the Bloomberg U.S. Long Credit Bond Index, generally keeping effective duration within +/-20% of the index, positioning it as sensitive to interest rate changes and well-suited for liability-driven investment strategies or investors with long-term horizons. At least 85% of its holdings are rated investment grade at purchase, ensuring a strong credit quality profile. The fund also employs derivatives, including credit default swaps and interest rate futures, to manage risk and portfolio duration. With a competitive expense ratio and a focus on delivering consistent income, the fund is tailored for institutional investors seeking exposure to the long-term credit market segment.
Performance
RPLCX had a total return of 0.59% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.19%.
Top 10 Holdings
15.63% of assets| Name | Symbol | Weight |
|---|---|---|
| UNITED STATES TREASURY NOTE/BOND | T.4.625 02.15.35 | 4.32% |
| UNITED STATES TREASURY NOTE/BOND | T.2.5 02.15.45 | 2.75% |
| UNITED STATES TREASURY NOTE/BOND | T.4 03.31.30 | 2.04% |
| UNITED STATES TREASURY NOTE/BOND | T.4.625 11.15.44 | 1.17% |
| UNITED STATES TREASURY NOTE/BOND | n/a | 1.02% |
| T. Rowe Price Government Reserve Fund - Collateral | n/a | 0.92% |
| CIGNA GROUP/THE | CI.4.9 12.15.48 | 0.88% |
| T. Rowe Price Government Reserve Fund | TRPGRIA | 0.86% |
| MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA | GA.MELPWR 6.66 04.01.2057 | 0.84% |
| ANHEUSER-BUSCH COS LLC / ANHEUSER-BUSCH INBEV WORLDWIDE INC | ABIBB.4.9 02.01.46 * | 0.82% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.03174 | Jun 30, 2025 |
| May 30, 2025 | $0.03516 | May 30, 2025 |
| Apr 30, 2025 | $0.03361 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03317 | Mar 31, 2025 |
| Feb 28, 2025 | $0.0319 | Feb 28, 2025 |
| Jan 31, 2025 | $0.03631 | Jan 31, 2025 |