T. Rowe Price Institutional Long Duration Credit Fund

Class Other (RPLCX)

U.S. News evaluated 47 Corporate Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

See all T. Rowe Price funds

See full Corporate Bond rankings

See more fund rankings

Performance

Trailing Returns Updated 02.28.2014
Year to date 6.0%
1 Year N/A
3 Years (Annualized) N/A
5 Years (Annualized) N/A
10 Years (Annualized) N/A

See more RPLCX performance

Summary

The investment seeks to provide high income. The fund normally invests in a diversified portfolio of longer duration debt securities issued by corporations as well as certain non-corporate issuers. The fund manager focuses on corporate bonds, the non-corporate debt securities in which the fund may invest include securities issued by supranational organizations and U.S. and foreign governments and government agencies. Holdings mainly consist of investment-grade debt securities, although the fund has the flexibility to purchase some noninvestment-grade bonds (also called high yield or "junk" bonds).