T. Rowe Price Corporate Income Fund (PRPIX)
Ticker Symbol:
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.
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.
Risk/Reward Potential*
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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.
* Annually we evaluate the standard deviation of each US mutual fund listed and its resulting placement within specific risk/return categories.

Methodology: If a fund is at least 5 year old, it is generally placed in risk/return categories based on the standard deviation of its performance for the longest period of its calendar year returns; the longest time period used for analysis is 10 years (regardless of the fund's inception). If a fund is less than 5 years old, we generally use the fund's primary benchmark disclosed in its prospectus as a proxy and follow the same process of using 10-year standard deviation of the benchmark, or longest time period available. The firm at its sole discretion may show a fund in a higher risk category based on qualitative or other factors that may differ from this methodology.
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