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  • T. Rowe Price Corporate Income Fund (PRPIX)
    Ticker Symbol:
    PRPIX
    Fund Status:
    Open to new Retail investors  /  Open to subsequent Retail investments
    Fund Objective
    Quick Stats
    Fiscal Year End  May
    Morningstar Category  Corporate Bond
    Inception Date 10/31/1995
    Tax ID 52-1948055
    Investment Objective
    The fund's objective is to provide high income and some capital growth.
    Strategy
    The fund invests primarily in investment-grade corporate debt securities issued by U.S. companies. The fund may invest in a variety of other types of securities in an effort to enhance income and achieve capital growth, including non-investment grade debt and debt issued by foreign issuers.
    Investor Profile
    Individuals who seek high income and some capital growth and can accept the possibility of share price declines. Appropriate for regular and tax-deferred accounts, such as IRAs and Keoghs.
    Availability
    All States
    Risk/Reward Potential*
    Click on the risk/reward spectrum below to view the funds in that category
    Highest
    Higher
    Moderate
    Lower
    Lowest
    The Corporate Income Fund pursues high current income with some capital appreciation by investing primarily in investment-grade corporate bonds. The addition of high-yield bonds, convertibles, and foreign securities provides the opportunity for capital growth and higher income, but with greater risk.

    Yield and share price will vary with interest rate changes. Investors should note that if interest rates rise significantly from current levels, bond fund total returns will decline and may even turn negative in the short term. There is also a chance that one of the fund's holdings will have its credit rating downgraded or may default, potentially reducing the fund's income level and share price.
    *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.