T. Rowe Price Dynamic Credit Z (TRCDX)

Fund Assets	1.44B
Expense Ratio	n/a
Min. Investment	$0.00
Turnover	130.10%
Dividend (ttm)	0.67
Dividend Yield	7.95%
Dividend Growth	-5.29%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	8.47
YTD Return	-0.65%
1-Year Return	-0.65%
5-Year Return	n/a
52-Week Low	8.38
52-Week High	8.79
Beta (5Y)	n/a
Holdings	301
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: Nontraditional Bond
• 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

Performance

TRCDX had a total return of -0.65% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.42%.

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%

Dividend History

Ex-Dividend	Amount	Pay Date
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
Mar 31, 2026	$0.07043	Mar 31, 2026
Feb 27, 2026	$0.02848	Feb 27, 2026

Data Sources: Tiingo and Finnhub

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

Last checked:

Aug 27, 2026

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