T. Rowe Price Institutional Long Duration Credit Fund (RPLCX)
| Fund Assets | 211.41M |
| Expense Ratio | 0.45% |
| Min. Investment | $1,000,000 |
| Turnover | 68.30% |
| Dividend (ttm) | 0.37 |
| Dividend Yield | 4.96% |
| Dividend Growth | -3.82% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 7.42 |
| YTD Return | -0.86% |
| 1-Year Return | 3.47% |
| 5-Year Return | -10.48% |
| 52-Week Low | 7.14 |
| 52-Week High | 7.83 |
| Beta (5Y) | 0.62 |
| Holdings | 444 |
| 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 3.47% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.49%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2026 | $0.03334 | Mar 31, 2026 |
| Feb 27, 2026 | $0.03115 | Feb 27, 2026 |
| 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 |