T. Rowe Price Credit Opportunities Fund, Inc. (PAOPX)
Under normal conditions, 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's 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.
Fund Info
US87279J2087
Apr 29, 2014
$2,500
Expense Ratio
PAOPX features an expense ratio of 0.91%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Credit Opportunities Fund, Inc., comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
T. Rowe Price Credit Opportunities Fund, Inc. had a return of 1.13% year-to-date (YTD) and 8.92% in the last 12 months. Over the past 10 years, T. Rowe Price Credit Opportunities Fund, Inc. had an annualized return of 4.64%, while the S&P 500 had an annualized return of 11.31%, indicating that T. Rowe Price Credit Opportunities Fund, Inc. did not perform as well as the benchmark.
PAOPX
1.13%
0.74%
3.84%
8.92%
4.54%
4.64%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of PAOPX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.25% | 1.13% | |||||||||||
| 2024 | 0.17% | 0.17% | 0.85% | -0.70% | 1.17% | 0.93% | 1.64% | 1.27% | 1.16% | -0.30% | 1.08% | -0.17% | 7.48% |
| 2023 | 4.02% | -0.91% | 0.29% | 0.95% | -1.14% | 1.96% | 1.62% | 0.48% | -0.57% | -1.51% | 4.24% | 3.33% | 13.31% |
| 2022 | -1.91% | -0.55% | -0.75% | -2.79% | -0.75% | -6.16% | 5.35% | -1.79% | -4.01% | 2.46% | 2.12% | -0.57% | -9.44% |
| 2021 | 0.50% | 0.36% | 0.42% | 1.24% | 0.30% | 1.17% | 0.39% | 0.48% | 0.16% | 0.17% | -0.97% | 1.90% | 6.24% |
| 2020 | 0.07% | -2.17% | -12.11% | 6.02% | 4.99% | 0.17% | 4.27% | 0.77% | -1.10% | 0.28% | 3.70% | 1.71% | 5.45% |
| 2019 | 3.94% | 1.64% | 0.94% | 1.41% | -0.43% | 1.77% | 0.42% | 0.91% | 0.38% | 0.20% | 0.17% | 1.62% | 13.68% |
| 2018 | 0.32% | -0.43% | -0.34% | 0.52% | -0.03% | 0.06% | 1.02% | 0.53% | 0.43% | -0.93% | -0.70% | -2.21% | -1.80% |
| 2017 | 1.31% | 1.21% | -0.04% | 0.72% | 0.75% | 0.31% | 0.97% | 0.08% | 0.53% | 0.52% | -0.39% | 0.55% | 6.70% |
| 2016 | -1.64% | -0.02% | 3.90% | 2.49% | 1.05% | 0.30% | 3.55% | 1.75% | 1.16% | 0.38% | 0.75% | 0.77% | 15.28% |
| 2015 | -0.11% | 2.57% | -0.99% | 2.58% | 1.09% | -2.16% | -1.89% | -2.75% | -1.55% | 0.99% | -2.94% | -2.15% | -7.27% |
| 2014 | 0.30% | 1.31% | -1.17% | 0.61% | -3.17% | -1.17% | -0.59% | -3.24% | -6.99% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 94, PAOPX is among the top 6% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price Credit Opportunities Fund, Inc. (PAOPX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
T. Rowe Price Credit Opportunities Fund, Inc. provided a 6.95% dividend yield over the last twelve months, with an annual payout of $0.55 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.55 | $0.55 | $0.54 | $0.46 | $0.44 | $0.46 | $0.44 | $0.44 | $0.42 | $0.42 | $0.55 | $0.39 |
Dividend yield | 6.95% | 6.91% | 6.77% | 6.10% | 5.01% | 5.27% | 5.08% | 5.48% | 4.85% | 4.88% | 7.05% | 4.37% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Credit Opportunities Fund, Inc.. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.05 | $0.00 | $0.05 | ||||||||||
| 2024 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.55 |
| 2023 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.54 |
| 2022 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.46 |
| 2021 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.06 | $0.44 |
| 2020 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.46 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.44 |
| 2018 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2017 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.42 |
| 2016 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.42 |
| 2015 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.55 |
| 2014 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.39 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Credit Opportunities Fund, Inc.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price Credit Opportunities Fund, Inc. was 23.14%, occurring on Mar 23, 2020. Recovery took 111 trading sessions.
The current T. Rowe Price Credit Opportunities Fund, Inc. drawdown is 0.13%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.14% | Feb 18, 2020 | 25 | Mar 23, 2020 | 111 | Aug 28, 2020 | 136 |
| -18.71% | Jul 8, 2014 | 404 | Feb 11, 2016 | 262 | Feb 27, 2017 | 666 |
| -13.07% | Jan 3, 2022 | 197 | Oct 13, 2022 | 293 | Dec 13, 2023 | 490 |
| -5.06% | Oct 4, 2018 | 57 | Dec 26, 2018 | 32 | Feb 12, 2019 | 89 |
| -2.36% | Sep 3, 2020 | 15 | Sep 24, 2020 | 29 | Nov 4, 2020 | 44 |
Volatility
Volatility Chart
The current T. Rowe Price Credit Opportunities Fund, Inc. volatility is 0.85%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.