T. Rowe Price Credit Opportunities Fund, Inc. (PRCPX)
T. Rowe Price Credit Opportunities Fund, Inc. operates in the Asset Management industry of the Financial Services sector, headquartered in Baltimore, MD, US. The stock last traded at $7.94, up 0.00% on the session, giving a market capitalisation of $401.4M. Its beta of 0.52 implies it has historically moved less than the broad market.
The T. Rowe Price Credit Opportunities Fund, Inc. aims to achieve a dual objective: generating both substantial long-term capital growth and significant income. To accomplish this, the fund ordinarily allocates at least 80% of its total net assets (including any capital acquired through borrowing for investment purposes) to debt-related instruments or financial derivatives that provide exposure to such credit assets. Its typical holdings in credit instruments span a range including bonds issued by corporations and governments, syndicated bank loans, hybrid convertible securities, preference shares, and various securitized products. These securitized products are financial vehicles that derive their value from pools of underlying assets, such as mortgages, consumer loans, or other outstanding receivables.
T. Rowe Price Credit Opportunities Fund, Inc. is most often compared with the following Financial Services names: