T. Rowe Price Instl Lng Dur Crdt (RPLCX)
| Fund Assets | 196.81M |
| Expense Ratio | 0.45% |
| Min. Investment | $1,000,000 |
| Turnover | 68.30% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 5.45% |
| Dividend Growth | -3.03% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 7.39 |
| YTD Return | -0.73% |
| 1-Year Return | 4.42% |
| 5-Year Return | -16.68% |
| 52-Week Low | 7.27 |
| 52-Week High | 7.83 |
| Beta (5Y) | 0.57 |
| Holdings | 447 |
| 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 4.42% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.42%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.03358 | Jun 30, 2026 |
| May 29, 2026 | $0.0344 | May 29, 2026 |
| Apr 30, 2026 | $0.03346 | Apr 30, 2026 |
| Mar 31, 2026 | $0.03334 | Mar 31, 2026 |
| Feb 27, 2026 | $0.03115 | Feb 27, 2026 |
| Jan 30, 2026 | $0.0344 | Jan 30, 2026 |