PRPIX

About PRPIX

T. Rowe Price Corporate Income Fund is a mutual fund primarily focused on generating high current income with an added objective of some capital growth. The fund invests at least 80% of its assets in a diversified portfolio of U.S. corporate debt securities, primarily targeting investment-grade bonds but also including select high-yield, convertible, and foreign bonds to enhance income opportunities and diversify risk. Utilizing rigorous fundamental credit and capital market research, including ESG factors, the fund seeks to identify mispriced securities and manage portfolio duration prudently relative to its benchmarks. With an effective duration near 6.7 years and a weighted average maturity of over 10 years, the fund generally exhibits moderate interest rate and credit risk. Its broad exposure covers issuers across various sectors, reflecting its role as a core holding for investors seeking regular income from the corporate bond market. The fund distributes income monthly and is suitable for those who value stability, diversification, and professionally managed fixed-income exposure in their investment portfolios.