T. Rowe Price Corporate Income (PRPIX)
T. Rowe Price Corporate Income operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Baltimore, MD, US. The stock last traded at $7.87, up 0.00% on the session, giving a market capitalisation of $754.0M. Its beta of 1.10 implies it has historically moved more than the broad market.
The T. Rowe Price Corporate Income fund primarily allocates a substantial portion—at least 80% of its total assets (including any capital obtained through borrowing)—into corporate debt instruments. While its portfolio is predominantly composed of investment-grade fixed-income securities, it maintains the flexibility to incorporate a limited allocation of lower-rated bonds, often referred to as high-yield or 'junk' bonds. Beyond corporate debt, the fund is also permitted to invest in other security types, strategically aiming to enhance income generation and foster capital appreciation.
T. Rowe Price Corporate Income is most often compared with the following Financial Services names: