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 03/31/2015
Volatility and Other Measures
as of 05/31/2015
Beta N/A
N/A
Standard Deviation N/A
Credit Quality Diversification1
as of 03/31/2015
% of Total Net Assets
BBB/BB Rated & Above 1.2%
BB Rated 8.8%
BB/B Rated 4.7%
B Rated 29.0%
B/CCC Rated 11.7%
CCC and Below 31.1%
Credit Default Swaps -0.3%
Default 2.3%
Equities 4.8%
Not Rated 3.6%
Short Term 3.0%
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 05/31/2015
3.20 years
Weighted Avg. Maturity
as of 06/30/2015
4.95 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 11.750 05/04/2017
GARDNER DENVER INC 144A 6.875 08/15/2021
GENON ENERGY INC 9.500 10/15/2018
KRONOS INC/MA TL 2L BANKDEBT 9.750 04/30/2020
MURRAY ENERGY CORP 144A 11.250 04/15/2021
NII INTERNATL TELECOM SA 144A 11.375 08/15/2019
OCWEN FINANCIAL CORP 144A 6.625 05/15/2019
SUN PRODUCTS CORP 144A 7.750 03/15/2021
As of 05/31/2015 the Credit Opportunities Fund had a total of 176 holdings.
Bond Maturity Diversification2
  as of 05/31/2015
% of Total Net Assets
0 - 1 YRS 0.9%
1 - 5 YRS 46.8%
5 - 10 YRS 49.9%
10 + YRS 2.4%
2Total may not equal 100% due to rounding.
Sector Diversification
as of 05/31/2015
% of Total Net Assets
Cyclical 50.3%
Defensive 32.8%
Energy 15.5%
Miscellaneous 0.8%
Short-Term 0.6%
See Glossary for additional details on all data elements.