TRCDX – T. Rowe Price Dynamic Credit Z Investment Strategy | Morningstar

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Strategy

The investment seeks total return through a combination of income and capital appreciation. The fund normally invests at least 80% of its net assets in credit instruments and derivative instruments that are linked to, or provide investment exposure to, credit instruments. It may invest in debt instruments of any credit rating, and there are no limits on the fund's investments in high-yield bonds. The fund may invest up to 10% of its net assets in long and short positions in equity securities.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
RPIDX	T. Rowe Price Dynamic Credit Fund	No Load	Open			Jan 10, 2019	$81.45M	0.630%	Low	$2,500	$14.71M
RPELX	T. Rowe Price Dynamic Credit Fund I Class	Institutional	Open			Jan 10, 2019	$217.67M	0.550%	Low	$500,000	$74.67M
TRCDX	T. Rowe Price Dynamic Credit Fund Z Class	Institutional	Open		—	Sep 13, 2023	$1.09B	0.000%	Low	$0	$91.33M

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