T. Rowe Price Corporate Income Fund (PRPIX)
The fund will normally invest at least 80% of its net assets (including any borrowings for investment purposes) in corporate debt securities. Holdings will mainly consist of investment-grade bonds, although the fund has the flexibility to purchase some non-investment-grade bonds (also called high-yield bonds or junk bonds). It may invest in other securities in an effort to enhance income and achieve capital growth.
Fund Info
| ISIN | US7414781010 |
|---|---|
| CUSIP | 741478101 |
| Issuer | T. Rowe Price |
| Inception Date | Oct 31, 1995 |
| Category | Corporate Bonds |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
PRPIX features an expense ratio of 0.56%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: PRPIX vs. RPIFX, PRPIX vs. JEPI
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Corporate Income Fund, 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 Corporate Income Fund had a return of 3.75% year-to-date (YTD) and 11.58% in the last 12 months. Over the past 10 years, T. Rowe Price Corporate Income Fund had an annualized return of 1.66%, while the S&P 500 had an annualized return of 11.37%, indicating that T. Rowe Price Corporate Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.75% | 25.23% |
| 1 month | -0.82% | 3.86% |
| 6 months | 4.92% | 14.56% |
| 1 year | 11.58% | 36.29% |
| 5 years (annualized) | -0.13% | 14.10% |
| 10 years (annualized) | 1.66% | 11.37% |
Monthly Returns
The table below presents the monthly returns of PRPIX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.14% | -1.39% | 1.16% | -2.24% | 2.01% | 0.76% | 2.44% | 1.67% | 1.58% | -2.14% | 3.75% | ||
| 2023 | 4.42% | -3.16% | 2.69% | 0.69% | -1.39% | -0.01% | 0.47% | -0.78% | -2.45% | -2.13% | 5.98% | 4.66% | 8.82% |
| 2022 | -3.33% | -2.07% | -2.54% | -5.66% | 0.72% | -3.45% | 3.37% | -3.21% | -5.18% | -1.15% | 5.00% | -0.43% | -17.02% |
| 2021 | -0.96% | -1.67% | -1.49% | 1.14% | 0.60% | 1.91% | 1.29% | -0.11% | -1.07% | 0.12% | -0.28% | -3.07% | -3.64% |
| 2020 | 2.52% | 0.95% | -9.72% | 4.95% | 1.92% | 2.80% | 3.23% | -1.45% | -0.19% | -0.46% | 3.01% | 1.85% | 8.95% |
| 2019 | 2.06% | 0.39% | 2.49% | 0.32% | 1.73% | 1.74% | 0.50% | 3.71% | -0.65% | 0.61% | 0.40% | -0.51% | 13.46% |
| 2018 | -0.98% | -1.61% | -0.03% | -1.03% | 0.28% | -0.26% | 0.40% | 0.65% | -0.61% | -1.45% | -0.14% | 1.75% | -3.04% |
| 2017 | 0.57% | 1.12% | -0.02% | 1.00% | 1.11% | 0.29% | 0.88% | 0.68% | -0.23% | 0.57% | -0.24% | -0.03% | 5.82% |
| 2016 | 0.69% | 0.28% | 2.54% | 1.33% | 0.16% | 2.24% | 1.58% | 0.04% | -0.14% | -0.98% | -3.13% | 0.50% | 5.10% |
| 2015 | 2.87% | -0.62% | 0.27% | -0.32% | -0.73% | -1.87% | 0.74% | -1.08% | 0.51% | 0.72% | -0.35% | -1.27% | -1.22% |
| 2014 | 2.12% | 1.14% | 0.21% | 1.34% | 1.42% | 0.29% | -0.11% | 1.61% | -1.51% | 1.13% | 0.58% | -1.82% | 6.51% |
| 2013 | -0.68% | 0.81% | 0.31% | 1.79% | -2.24% | -3.29% | 0.74% | -1.13% | 1.37% | 1.56% | -0.20% | -2.37% | -3.43% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PRPIX is 33, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price Corporate Income Fund (PRPIX) 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 Corporate Income Fund provided a 4.64% dividend yield over the last twelve months, with an annual payout of $0.37 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.33 | $0.25 | $0.25 | $0.49 | $0.34 | $0.31 | $0.31 | $0.30 | $0.34 | $0.35 | $0.37 |
Dividend yield | 4.64% | 4.13% | 3.27% | 2.60% | 4.80% | 3.45% | 3.48% | 3.23% | 3.20% | 3.64% | 3.63% | 3.89% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Corporate Income Fund. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.00 | $0.31 | |
| 2023 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.25 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 | $0.49 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2017 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2016 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.30 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
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 Corporate Income Fund. 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 Corporate Income Fund was 25.82%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current T. Rowe Price Corporate Income Fund drawdown is 10.75%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.82% | Aug 5, 2021 | 307 | Oct 21, 2022 | — | — | — |
| -17.56% | Jan 23, 2008 | 213 | Nov 24, 2008 | 154 | Jul 8, 2009 | 367 |
| -16.59% | Mar 10, 2020 | 9 | Mar 20, 2020 | 85 | Jul 22, 2020 | 94 |
| -8.25% | Aug 5, 1998 | 48 | Oct 9, 1998 | 447 | Jul 5, 2000 | 495 |
| -7.11% | May 3, 2013 | 37 | Jun 25, 2013 | 232 | May 28, 2014 | 269 |
Volatility
Volatility Chart
The current T. Rowe Price Corporate Income Fund volatility is 1.61%, 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.