T. Rowe Price Dynamic Credit Z (TRCDX)
| Fund Assets | 1.22B |
| Expense Ratio | n/a |
| Min. Investment | $0.00 |
| Turnover | 178.60% |
| Dividend (ttm) | 0.71 |
| Dividend Yield | 7.91% |
| Dividend Growth | 12.06% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 8.91 |
| YTD Return | 6.36% |
| 1-Year Return | 9.15% |
| 5-Year Return | n/a |
| 52-Week Low | 8.18 |
| 52-Week High | 8.91 |
| Beta (5Y) | n/a |
| Holdings | 288 |
| Inception Date | Sep 13, 2023 |
About TRCDX
The T. Rowe Price Dynamic Credit Fund - Class Z is a mutual fund that focuses on delivering total return through a combination of income generation and capital appreciation. Its primary function is to invest at least 80% of its net assets in a diverse array of credit instruments and related derivatives, offering broad exposure across global credit markets. Designed with flexibility in mind, the fund allocates assets both long and short across traditional and non-traditional credit sectors without strict constraints to any benchmark, asset class, or industry. This approach enables the fund to pursue high-conviction opportunities that arise from shifting macroeconomic conditions. It aims to provide investors with attractive, risk-adjusted returns throughout various market cycles, while also striving to preserve capital in periods of market volatility. The portfolio typically consists of a concentrated mix of holdings, seeking to outperform both equities and high yield products during market stress. The fund pays out dividends monthly, further emphasizing its role as an income-oriented investment option.
Performance
TRCDX had a total return of 9.15% in the past year, including dividends. Since the fund's inception, the average annual return has been 16.68%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| RPELX | -i Class | 0.55% |
Top 10 Holdings
32.26% of assets| Name | Symbol | Weight |
|---|---|---|
| UNITED STATES TREASURY BILL | B.0 08.14.25 | 13.13% |
| BRAZIL NOTAS DO TESOURO NACIONAL SERIE F | n/a | 3.17% |
| T. Rowe Price Government Reserve Fund - Collateral | n/a | 2.96% |
| T. Rowe Price Government Reserve Fund | TRPGRIA | 2.66% |
| COMMONWEALTH OF PUERTO RICO | PR.PRC 11.01.2043 | 2.00% |
| NEPTUNE BIDCO US INC | NLSN.9.29 04.15.29 144A | 1.93% |
| COMISION FEDERAL DE ELECTRICIDAD | CFELEC.5.7 01.24.30 144A | 1.90% |
| CHARTER COMMUNICATIONS OPERATING LLC / CHARTER COMMUNICATIONS OPERATING CAPITAL | CHTR.6.65 02.01.34 | 1.70% |
| EL SALVADOR GOVERNMENT INTERNATIONAL BOND | ELSALV.9.25 04.17.30 144A | 1.44% |
| NAVIENT CORP | NAVI.11.5 03.15.31 | 1.36% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.05355 | Aug 29, 2025 |
| Jul 31, 2025 | $0.06337 | Jul 31, 2025 |
| Jun 30, 2025 | $0.05903 | Jun 30, 2025 |
| May 30, 2025 | $0.06431 | May 30, 2025 |
| Apr 30, 2025 | $0.05762 | Apr 30, 2025 |
| Mar 31, 2025 | $0.06081 | Mar 31, 2025 |