T. Rowe Price Instl Lng Dur Crdt (RPLCX)

Fund Assets	152.84M
Expense Ratio	0.46%
Min. Investment	$1,000,000
Turnover	30.80%
Dividend (ttm)	0.40
Dividend Yield	5.79%
Dividend Growth	-1.84%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	6.90
YTD Return	-5.21%
1-Year Return	-5.81%
5-Year Return	-19.64%
52-Week Low	6.80
52-Week High	7.83
Beta (5Y)	0.58
Holdings	426
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.

• Fund Family: T. Rowe Price
• Category: Long-Term Bond
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: RPLCX
• Index: Bloomberg Long U.S. Credit TR

Performance

RPLCX had a total return of -5.81% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.97%.

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03183	Sep 30, 2026
Aug 31, 2026	$0.0326	Aug 31, 2026
Jul 31, 2026	$0.0371	Jul 31, 2026
Jun 30, 2026	$0.03358	Jun 30, 2026
May 29, 2026	$0.0344	May 29, 2026
Apr 30, 2026	$0.03346	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

Data Sources Report a data error