T. Rowe Price Credit Opportunities Fund (PRCPX)
Ticker Symbol:
PRCPX
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Composition
Asset Allocation
as of 06/30/2015
Volatility and Other Measures
as of 07/31/2015
Beta N/A
N/A
Standard Deviation N/A
Credit Quality Diversification1
as of 06/30/2015
% of Total Net Assets
BBB/BB Rated & Above 0.1%
BB Rated 9.6%
BB/B Rated 2.2%
B Rated 28.8%
B/CCC Rated 16.6%
CCC and Below 29.9%
Credit Default Swaps -0.1%
Default 2.9%
Equities 4.4%
Not Rated 3.6%
Short Term 2.0%
1Sources: Moody's Investors Service and Standard & Poor's (S&P); split ratings (e.g., BB/B and B/CCC) are assigned when the Moody's and S&P ratings differ. T. Rowe Price does not evaluate these ratings, but simply assigns them to the appropriate credit quality category as determined by the rating agency. Short-term holdings are not rated.
Weighted Avg. Duration
as of 07/31/2015
3.22 years
Weighted Avg. Maturity
as of 09/01/2015
5.22 years
10 Largest Holdings
View Holdings as of:
Coupon % Maturity
CLAIRES STORES INC 10.500 06/01/2017
CLEAR CHANNEL COMMUNICAT 9.000 12/15/2019
ENERGY FUTURE/EFIH FINAN 144A 12.250 07/04/2017
GARDNER DENVER INC 144A 6.875 08/15/2021
GENON ENERGY INC 9.500 10/15/2018
IMG WORLDWIDE INC TL 2L BANKDEBT 8.250 05/06/2022
JEFFERIES LOANCORE FIN 144A 6.875 06/01/2020
KRONOS INC/MA TL 2L BANKDEBT 9.750 04/30/2020
SUN PRODUCTS CORP 144A 7.750 03/15/2021
TERRA-GEN POWER TL B 1L BANKDEBT 5.250 12/09/2021
As of 07/31/2015 the Credit Opportunities Fund had a total of 160 holdings.
Bond Maturity Diversification2
  as of 07/31/2015
% of Total Net Assets
0 - 1 YRS 12.4%
1 - 5 YRS 40.1%
5 - 10 YRS 47.2%
10 + YRS 0.4%
2Total may not equal 100% due to rounding.
Sector Diversification
as of 07/31/2015
% of Total Net Assets
Cyclical 49.2%
Defensive 28.3%
Short-Term 11.6%
Energy 10.1%
Miscellaneous 0.8%
See Glossary for additional details on all data elements.