T. Rowe Price Credit Opportunities Fund, Inc.
PRCPX
NASDAQ- -
USD
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Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 East Pratt Street Baltimore MD United States of America 21202
- IPO Date
- May 1, 2014
- CIK
- 0001600600
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Credit Opportunities Fund, Inc. (PRCPX) is a mutual fund that seeks a combination of long-term capital appreciation and high income by investing at least 80% of its net assets in credit instruments and derivatives linked to them, including below investment-grade corporate bonds, floating-rate bank loans, sovereign bonds, convertible securities, preferred stocks, and securitized instruments backed by assets such as mortgages, loans, or receivables; it employs a high-conviction, concentrated approach focused on special credit situations with emphasis on downside protection and risk-adjusted returns. The fund targets aggressive, risk-tolerant investors seeking high current income and moderate appreciation potential, suitable for both taxable and tax-deferred accounts like IRAs. Launched in May 2014 and managed as part of T. Rowe Price Group, Inc., headquartered at 100 East Pratt Street in Baltimore, Maryland, the fund operates primarily in U.S. markets with exposure to global high-yield opportunities, including emerging markets, and maintains assets under management of approximately $288 million with an expense ratio of 0.81%. Recent portfolio adjustments include increased allocations to healthcare, particularly hospital companies like LifePoint Health, and fiber-related investments amid data center demand, alongside selective positioning in metals and mining despite challenges with holdings like Constellium; the fund continues monthly dividend distributions, with the latest ex-dividend date on May 30, 2025, at $0.04949 per share, contributing to a trailing 12-month yield of 6.42%. No major acquisitions, partnerships, funding rounds, or structural changes specific to the fund have been reported in the last 1-2 years, though T. Rowe Price's broader credit strategies have seen related activity in affiliated private credit vehicles.