T. Rowe Price Dynamic Credit Fund (RPIDX)
Fund Info
| ISIN | US77956H1793 |
|---|---|
| CUSIP | 77956H179 |
| Issuer | T. Rowe Price |
| Inception Date | Jan 10, 2019 |
| Category | Nontraditional Bonds |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
RPIDX features an expense ratio of 0.63%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: RPIDX vs. TMSRX, RPIDX vs. FNDX, RPIDX vs. SCHD, RPIDX vs. QQQ
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Dynamic Credit 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 Dynamic Credit Fund had a return of 6.78% year-to-date (YTD) and 8.74% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.78% | 25.48% |
| 1 month | 0.63% | 2.14% |
| 6 months | 4.73% | 12.76% |
| 1 year | 8.74% | 33.14% |
| 5 years (annualized) | 2.32% | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of RPIDX, 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 | 0.05% | 1.12% | -0.04% | 1.27% | 0.00% | 0.78% | 0.62% | 1.19% | 0.97% | 0.63% | 6.78% | ||
| 2023 | 0.27% | 0.36% | 0.17% | 0.27% | -0.45% | -0.87% | 0.73% | 0.67% | 2.51% | -0.24% | -0.38% | 0.85% | 3.92% |
| 2022 | -2.27% | -0.11% | -0.28% | 1.61% | -1.79% | -0.98% | -0.60% | 1.69% | -0.06% | 0.65% | 0.08% | -2.69% | -4.74% |
| 2021 | 1.75% | 3.86% | 0.22% | 0.89% | 0.46% | 0.05% | -0.65% | 1.17% | 0.07% | -0.13% | -1.69% | -1.70% | 4.26% |
| 2020 | 0.20% | -1.15% | -14.25% | 4.98% | 3.82% | 1.13% | 2.31% | 1.76% | 1.48% | 0.92% | 0.76% | -0.86% | -0.28% |
| 2019 | 0.35% | 1.10% | 0.42% | 0.74% | 0.06% | 0.94% | 0.28% | -0.08% | 0.70% | -0.21% | 0.00% | 1.79% | 6.25% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of RPIDX is 80, placing it in the top 20% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price Dynamic Credit Fund (RPIDX) 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 Dynamic Credit Fund provided a 6.61% dividend yield over the last twelve months, with an annual payout of $0.59 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.59 | $0.52 | $0.35 | $0.34 | $0.40 | $0.41 |
Dividend yield | 6.61% | 5.87% | 3.87% | 3.47% | 4.15% | 4.03% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Dynamic Credit 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 | $0.05 | $0.06 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.50 | |
| 2023 | $0.03 | $0.03 | $0.06 | $0.04 | $0.04 | $0.05 | $0.03 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.52 |
| 2022 | $0.03 | $0.02 | $0.03 | $0.01 | $0.01 | $0.02 | $0.02 | $0.04 | $0.03 | $0.04 | $0.05 | $0.05 | $0.35 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.34 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.05 | $0.00 | $0.05 | $0.05 | $0.40 |
| 2019 | $0.03 | $0.04 | $0.04 | $0.04 | $0.05 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.41 |
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 Dynamic Credit 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 Dynamic Credit Fund was 19.95%, occurring on Mar 23, 2020. Recovery took 176 trading sessions.
The current T. Rowe Price Dynamic Credit Fund drawdown is 0.22%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.95% | Jan 17, 2020 | 45 | Mar 23, 2020 | 176 | Dec 1, 2020 | 221 |
| -10.56% | Nov 16, 2021 | 270 | Dec 12, 2022 | 444 | Sep 19, 2024 | 714 |
| -2.89% | Dec 16, 2020 | 1 | Dec 16, 2020 | 32 | Feb 3, 2021 | 33 |
| -2.47% | Oct 22, 2021 | 13 | Nov 9, 2021 | 4 | Nov 15, 2021 | 17 |
| -1.48% | Sep 7, 2021 | 27 | Oct 13, 2021 | 6 | Oct 21, 2021 | 33 |
Volatility
Volatility Chart
The current T. Rowe Price Dynamic Credit Fund volatility is 1.11%, 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.