T. Rowe Price Dynamic Credit Z (TRCDX)

Fund Assets	1.39B
Expense Ratio	0.00%
Min. Investment	$0.00
Turnover	130.10%
Dividend (ttm)	0.69
Dividend Yield	8.43%
Dividend Growth	-2.80%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	8.18
YTD Return	n/a
1-Year Return	n/a
5-Year Return	n/a
52-Week Low	8.18
52-Week High	8.79
Beta (5Y)	n/a
Holdings	388
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.

• Fund Family: T. Rowe Price
• Category: Alt Credit Focus
• Performance Rating: Above Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: TRCDX
• Share Class: -z Class
• Index: ICE BofA 0-3 Month US Treasury Bill TR USD

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

37.12% of assets

Name	Symbol	Weight
FNMA 30 YR TBA JUL - FANNIE MAE OR FREDDIE MAC	FNCL.5.5 7.11	10.50%
U S TREASURY BILL - UNITED STATES TREASURY BILL	B.0 09.17.26	6.46%
GRS - SECURITY LENDING COLLATERAL - TREASURY RESERVE FUND - Collateral	n/a	3.82%
T. Rowe Price Government Reserve Fund	TRPGRIA	3.25%
UNITED STATES TREASURY BILL	B.0 07.09.26	3.22%
FNMA 30 YR TBA JUL - FANNIE MAE OR FREDDIE MAC	FNCL.5 7.11	2.63%
DIRECTV FIN LLC/COINC 144A - DIRECTV FINANCING LLC / DIRECTV FINANCING CO-OBLIGOR INC	DTV.10 02.15.31 144A	2.00%
PR COMWLTH PUB IMPT CVI-SUBSER CW NT - COMMONWEALTH OF PUERTO RICO	PR.PRC 11.01.2043	1.95%
BEIGNET INVESTOR LLC 144A - BEIGNET INVESTOR LLC	RPLDCI.6.581 05.30.49 144A	1.65%
VANTOR HOLDINGS INC TL 1L BANKDEBT - GALILEO PARENT INC	VNTHLD.L 03.03.33 1	1.64%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.06365	Sep 30, 2026
Aug 31, 2026	$0.05449	Aug 31, 2026
Jul 31, 2026	$0.06552	Jul 31, 2026
Jun 30, 2026	$0.04633	Jun 30, 2026
May 29, 2026	$0.04974	May 29, 2026
Apr 30, 2026	$0.07939	Apr 30, 2026

Data Sources: Tiingo and Finnhub

Historical data is provided by Tiingo. Several fund data points are also provided by Finnhub.

Last checked:

Oct 15, 2026

Data Sources Report a data error