T. Rowe Price Corporate Income Fund |
PRPIX
Fund Status:
Open to new Retail investors
/
Open to subsequent Retail investments
Fund Objective
Quick Stats
| Fiscal Year End | May |
| Morningstar Category | Long-Term 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 corporate debt securities issued by U.S. and
foreign companies. Holdings will be a mix of
long-term investment-grade and
noninvestment-grade bonds (also called
high-yield or junk bonds). The fund may invest
in a variety of other securities in an effort to
enhance income and achieve some capital growth.
We expect the weighted average maturity to
exceed 10 years.
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
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. The fund's emphasis
on long-term investment-grade and non
investment-grade corporate bonds should offer
higher income than what is available from U.S.
Treasury securities although with greater risk
of loss. 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.
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.
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