T. Rowe Price Dynamic Credit Fund Z Class (TRCDX)
| Fund Assets | 1.39B |
| Expense Ratio | n/a |
| Min. Investment | $0.00 |
| Turnover | 130.10% |
| Dividend (ttm) | 0.68 |
| Dividend Yield | 7.98% |
| Dividend Growth | -2.23% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | May 29, 2026 |
| Previous Close | 8.57 |
| YTD Return | 0.33% |
| 1-Year Return | 0.33% |
| 5-Year Return | n/a |
| 52-Week Low | 8.55 |
| 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.
Performance
TRCDX had a total return of 0.33% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.99%.
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
37.93% of assets| Name | Symbol | Weight |
|---|---|---|
| T. Rowe Price Government Reserve Fund | TRPGRIA | 9.61% |
| UNITED STATES TREASURY BILL | B.0 04.23.26 | 9.61% |
| GRS - SECURITY LENDING COLLATERAL - TREASURY RESERVE FUND - Collateral | n/a | 6.20% |
| DIRECTV FIN LLC/COINC 144A - DIRECTV FINANCING LLC / DIRECTV FINANCING CO-OBLIGOR INC | DTV.10 02.15.31 144A | 2.05% |
| PR COMWLTH PUB IMPT CVI-SUBSER CW NT - COMMONWEALTH OF PUERTO RICO | PR.PRC 11.01.2043 | 1.96% |
| VANTOR HOLDINGS INC TL 1L BANKDEBT - GALILEO PARENT INC | VNTHLD | 1.94% |
| BEIGNET INVESTOR LLC 144A - BEIGNET INVESTOR LLC | RPLDCI.6.581 05.30.49 144A | 1.92% |
| DIAMONDBACK ENERGY INC | FANG.5.75 04.18.54 | 1.58% |
| COX MEDIA TL B2 1L BANKDEBT - TERRIER MEDIA BUYER INC | CMGMCO.L 06.18.29 5 | 1.56% |
| SIRIUS XM RADIO LLC 144A - SIRIUS XM RADIO LLC | SIRI.5.875 04.15.32 144A | 1.50% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Jan 30, 2026 | $0.05792 | Jan 30, 2026 |
| Dec 31, 2025 | $0.07037 | Dec 31, 2025 |