T. Rowe Price Institutional Long Duration Credit Fund (RPLCX)
| Fund Assets | 207.78M |
| Expense Ratio | 0.45% |
| Min. Investment | $1,000,000 |
| Turnover | 68.30% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 5.22% |
| Dividend Growth | -4.22% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 7.68 |
| YTD Return | 1.91% |
| 1-Year Return | 9.77% |
| 5-Year Return | -11.20% |
| 52-Week Low | 6.83 |
| 52-Week High | 7.70 |
| Beta (5Y) | 0.61 |
| Holdings | 437 |
| 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 9.77% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.98%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.0344 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03541 | Dec 31, 2025 |
| Nov 28, 2025 | $0.03065 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03586 | Oct 31, 2025 |
| Sep 30, 2025 | $0.03155 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03481 | Aug 29, 2025 |