T. Rowe Price Dynamic Credit
RPIDX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Baltimore, MD 21202 Baltimore MD United States of America 21202
- IPO Date
- Jan 14, 2019
- CIK
- 0000313212
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Dynamic Credit Fund (RPIDX) is an open-end mutual fund that seeks total return through a combination of income and capital appreciation by investing in a liquid credit alternative strategy within the multi-asset credit universe. The fund employs a flexible, cross-sector approach to source high-conviction security selection, harvesting cheap or dislocated global credit risk premia while managing beta and duration volatility through hedging and shorting; its portfolio includes investment-grade corporate bonds, high-yield bonds, emerging market debt, derivatives such as credit default swaps, sovereign securities, U.S. Treasury bills, cash equivalents, and short positions for relative value trades, with current holdings featuring issuers like Jane Street Group LLC, Asurion, VMED O2 UK Financing, Neptune BidCo US, Republic of South Africa Government Bond, Navient Corporation, and Golden Goose SpA. Classified in the nontraditional bond category with low interest rate sensitivity (effective duration of 0.51 years), it maintains a relatively concentrated portfolio of approximately 156 issuers, high turnover (around 173%), and total assets exceeding USD 1.2 billion, targeting investors seeking attractive returns with capital preservation through credit cycles. The fund, managed by T. Rowe Price Group, Inc. and headquartered at 100 East Pratt Street, Baltimore, Maryland 21202, was incepted on January 10, 2019. It operates primarily in U.S. markets but invests globally across developed and emerging economies, with no load share class, minimum initial investment of USD 2,500, adjusted expense ratio of 0.64% (net of contractual limitation expiring February 28, 2027), and a 30-day SEC yield around 4.93%. In September 2025, T. Rowe Price Group announced a strategic collaboration with Goldman Sachs to broaden access to diversified public and private market portfolios, particularly for retirement and wealth channels, accompanied by Goldman Sachs' intended open-market purchase of up to USD 1 billion in T. Rowe Price common stock to hold up to 3.5% ownership; this partnership leverages T. Rowe Price's active investing expertise, including through its private markets platform Oak Hill Advisors (OHA), to accelerate innovation in credit solutions and new product offerings for intermediaries, plan sponsors, and individual investors.