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 08/31/2016
Volatility and Other Measures
as of 08/31/2016
Beta N/A
N/A
Standard Deviation N/A
Credit Quality Diversification1
as of 08/31/2016
% of Total Net Assets
BBB/BB Rated & Above 1.4%
BB Rated 12.1%
BB/B Rated 12.6%
B Rated 23.4%
B/CCC Rated 14.5%
CCC and Below 15.9%
Credit Default Swaps 0.9%
Default 2.5%
Equities 3.5%
Not Rated 3.2%
Short Term 10.0%
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.

Short term holdings are not rated.
Weighted Avg. Duration
as of 08/31/2016
2.46 years
Weighted Avg. Maturity
as of 09/20/2016
4.61 years
Sector Diversification
as of 08/31/2016
% of Total Net Assets
Defensive 40.1%
Cyclical 40.0%
Short-Term 10.0%
Energy 9.8%
10 Largest Holdings
View Holdings as of:
Coupon % Maturity
ALTICE SA 144A 7.625 02/15/2025
ARDAGH FINANCE HOLDINGS 144A 8.625 06/15/2019
ASURION LLC TL 2L BANKDEBT 8.500 03/03/2021
CLEAR CHNL COMMS TL D-EXT 1L BANKDEBT 7.274 01/30/2019
ENERGY FUTURE/EFIH FINAN 144A 12.250 08/05/2018
INTELSAT JACKSON HLDG 144A 8.000 02/15/2024
KRONOS INC/MA TL 2L BANKDEBT 9.750 04/30/2020
PACIFIC RUBIALES ENERGY 12.000 12/22/2016
TERRA-GEN POWER TL B 1L BANKDEBT 5.250 12/09/2021
VALEANT PHARMACEUTICALS 144A 7.000 10/01/2020
As of 08/31/2016 the Credit Opportunities Fund had a total of 153 holdings.
Bond Maturity Diversification2
  as of 08/31/2016
% of Total Net Assets
0 - 1 YRS 14.7%
1 - 5 YRS 36.9%
5 - 10 YRS 47.1%
10 + YRS 1.4%
2Total may not equal 100% due to rounding.
See Glossary for additional details on all data elements.