T. Rowe Price Credit Opportunities Fund (PRCPX)
Ticker Symbol:
PRCPX
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Objective
Quick Stats
Fiscal Year End  May
Morningstar Category  High Yield Bond
Inception Date 04/29/2014
Tax ID 46-4901684
Investment Objective
The fund seeks a combination of long-term capital appreciation and high income.
Strategy
Under normal circumstances, the fund invests at least 80% of its net assets (including any borrowings for investment purposes) in credit instruments and derivative instruments that are linked to, or provide investment exposure to, credit instruments. The fund defines credit instruments broadly to include any debt instrument or instrument with debt-like characteristics. The fundís investments in credit instruments typically include corporate and sovereign bonds, bank loans, convertible securities and preferred stocks, and securitized instruments, which are vehicles backed by pools of assets such as mortgages, loans, or other receivables.

Please refer to the fundís prospectus for a more detailed description of this fundís investment strategy.
Investor Profile
A long-term, risk-tolerant investor seeking a high level of current income and some appreciation potential, and who is willing to accept the possibility of fluctuations in principal value. The fund should not represent a significant portion of your assets. Appropriate for both regular and tax-deferred accounts, such as IRAs and Keoghs.
Availability
All States
Risk/Reward Potential*
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Highest
Higher
Moderate
Lower
Lowest
The Credit Opportunities Fund offers investors an opportunity for capital appreciation along with high current income through investments in various credit instruments, including high yield bonds, bank loans, and non-U.S. dollar-denominated holdings.

This fund could have greater price declines than a fund that invests primarily in high-quality bonds or loans; the loans and debt securities held by the fund are usually considered speculative and involve a greater risk of default and price decline than higher-rated bonds.
*Funds are placed in general risk/return categories based on their past performance or, for newer funds, the performance of the types of securities in which they invest. There is no assurance past trends will continue.
See Glossary for additional details on all data elements.