About TICCX
T. Rowe Price Corporate Income Fund I Class is an institutional mutual fund that primarily aims to provide investors with a high level of income, while also offering potential for some capital growth. The fund invests at least 80% of its assets in corporate debt securities issued by both U.S. and foreign companies. Its portfolio is mainly composed of investment-grade bonds, though it maintains flexibility to allocate assets to non-investment-grade, or high-yield, bonds when warranted. The fund’s holdings are broadly diversified, with over 300 securities under management, and its top 10 holdings make up a modest portion of total assets, enhancing risk mitigation.
T. Rowe Price Corporate Income Fund I Class is notable for its institutional focus—requiring a high minimum initial investment—and offers monthly dividend payouts, appealing to investors seeking steady cash flow. Fund characteristics, such as an expense ratio typically below the category average and a relatively long average maturity and duration, reflect its core strategy of targeting long-term corporate credit as a means to generate income. The fund plays a significant role within the corporate bond market for institutions seeking diversified exposure to both investment-grade and select high-yield corporate debt instruments.
Fund Family T. Rowe Price
Category Corporate Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol TICCX
Share Class T. Rowe Price Corporate Income Fund-i Class
Index Bloomberg U.S. Corp Investment Grade TR
TICCX had a total return of 8.90% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.99%.
