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 06/30/2017
Volatility and Other Measures
as of 06/30/2017
Beta N/A
N/A
Standard Deviation N/A
Credit Quality Diversification1
as of 06/30/2017
% of Total Net Assets
BBB/BB Rated & Above 2.6%
BB Rated 14.3%
BB/B Rated 15.3%
B Rated 34.0%
B/CCC Rated 9.3%
CCC and Below 10.0%
Default 0.2%
Equities 1.9%
Not Rated 1.8%
Short Term 10.5%
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 06/30/2017
2.14 years
Weighted Avg. Maturity
as of 07/25/2017
5.30 years
Sector Diversification
as of 06/30/2017
% of Total Net Assets
Defensive 44.8%
Cyclical 33.7%
Energy 11.0%
Short-Term 10.5%
10 Largest Holdings
View Holdings as of:
Coupon % Maturity
ALTICE SA 144A 7.625 02/15/2025
ASURION LLC TL 2L BANKDEBT 8.726 03/03/2021
AVOLON HOLDINGS LTD TL B2 1L BANKDEBT 3.962 03/21/2022
CLEAR CHNL COMMS TL D-EXT 1L BANKDEBT 7.976 01/30/2019
FRONTERA ENERGY CORP 10.000 11/02/2021
HERTZ CORP 144A 7.625 06/01/2022
INTELSAT JACKSON HLDG 7.250 10/15/2020
KRONOS INC/MA TL B 1L BANKDEBT 4.500 11/01/2023
TEXAS COMPETITIVE ELE TL B/C 1L BANKDEBT 3.976 08/04/2023
VALEANT PHARMACEUTICALS 144A 7.000 10/01/2020
As of 06/30/2017 the Credit Opportunities Fund had a total of 171 holdings.
Bond Maturity Diversification2
  as of 06/30/2017
% of Total Net Assets
0 - 1 YRS 11.7%
1 - 5 YRS 32.4%
5 - 10 YRS 55.0%
10 + YRS 0.8%
2Total may not equal 100% due to rounding.
See Glossary for additional details on all data elements.